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Time of India
7 days ago
- Business
- Time of India
Arihant Capital Market's PMS arm, Electrum, launches Laureate AIF
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Arihant Capital Markets has announced the launch of AIF–Laureate, a Sebi-registered Category III Alternative Investment Fund (AIF) under its portfolio management arm, Electrum Portfolio Managers Electrum Portfolio Managers, one of India's fastest-growing investment management firms with an AUM of Rs 790 crore as of June 30, 2025, proudly announces the launch of AIF–Laureate, a Sebi-registered Category III Alternative Investment Fund, the company said in a Read | MF Tracker: HDFC Flexi Cap Fund turns Rs 10,000 SIP to nearly Rs 21.50 crore in 31 years This new offering brings the proven investment philosophy of Electrum's flagship Laureate PMS strategy to a broader audience through a more flexible AIF format, the fun house added. The fund focuses on high-growth opportunities in small and mid-cap listed companies, providing investors with a long-term wealth creation avenue through a research-driven a proven track record under its flagship Laureate PMS strategy, AIF–Laureate brings the same investment philosophy to a broader investor base, leveraging a benchmark-agnostic and sector-agnostic approach, the company the proprietary ELECT investment framework, the fund identifies emerging businesses with strong management pedigree, scalable growth potential, clean balance sheets, and sustainable cash flows, the release said."At Arihant Capital, our vision has always been to empower investors by delivering innovative and transparent investment solutions. AIF–Laureate reflects our commitment to identifying high-quality, scalable businesses that can create sustainable value over time," said Arpit Jain, Joint MD, Arihant Capital Markets."The launch of AIF–Laureate marks a significant milestone for Arihant Capital and Electrum. We believe India's small and ultra-small cap space is brimming with undiscovered opportunities. Through this AIF, we are providing sophisticated investors access to high-conviction ideas backed by deep research and disciplined risk management," said Arpit Agarwal, Co-Founder & CIO, Electrum Portfolio Read | Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe The fund is structured for long-term capital appreciation, with a recommended holding period of 3 to 5 years. Investors, including High Net Individuals (HNIs), Family Offices, and Institutional clients, can participate, with a minimum investment threshold of Rs 1 crore, in line with Sebi by Electrum's experienced investment team, the fund will focus on small and midcap companies with robust fundamentals and unique growth drivers.
Economic Times
7 days ago
- Business
- Economic Times
Arihant Capital Market's PMS arm, Electrum, launches Laureate AIF
Arihant Capital's Electrum Portfolio Managers has launched Laureate, a Sebi-registered Category III AIF, targeting long-term growth via small and midcap stocks. Built on the PMS flagship strategy, it aims to offer high-conviction, research-driven investment ideas to HNIs, family offices, and institutions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Arihant Capital Markets has announced the launch of AIF–Laureate, a Sebi-registered Category III Alternative Investment Fund (AIF) under its portfolio management arm, Electrum Portfolio Managers Electrum Portfolio Managers, one of India's fastest-growing investment management firms with an AUM of Rs 790 crore as of June 30, 2025, proudly announces the launch of AIF–Laureate, a Sebi-registered Category III Alternative Investment Fund, the company said in a Read | MF Tracker: HDFC Flexi Cap Fund turns Rs 10,000 SIP to nearly Rs 21.50 crore in 31 years This new offering brings the proven investment philosophy of Electrum's flagship Laureate PMS strategy to a broader audience through a more flexible AIF format, the fun house added. The fund focuses on high-growth opportunities in small and mid-cap listed companies, providing investors with a long-term wealth creation avenue through a research-driven a proven track record under its flagship Laureate PMS strategy, AIF–Laureate brings the same investment philosophy to a broader investor base, leveraging a benchmark-agnostic and sector-agnostic approach, the company the proprietary ELECT investment framework, the fund identifies emerging businesses with strong management pedigree, scalable growth potential, clean balance sheets, and sustainable cash flows, the release said."At Arihant Capital, our vision has always been to empower investors by delivering innovative and transparent investment solutions. AIF–Laureate reflects our commitment to identifying high-quality, scalable businesses that can create sustainable value over time," said Arpit Jain, Joint MD, Arihant Capital Markets."The launch of AIF–Laureate marks a significant milestone for Arihant Capital and Electrum. We believe India's small and ultra-small cap space is brimming with undiscovered opportunities. Through this AIF, we are providing sophisticated investors access to high-conviction ideas backed by deep research and disciplined risk management," said Arpit Agarwal, Co-Founder & CIO, Electrum Portfolio Read | Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe The fund is structured for long-term capital appreciation, with a recommended holding period of 3 to 5 years. Investors, including High Net Individuals (HNIs), Family Offices, and Institutional clients, can participate, with a minimum investment threshold of Rs 1 crore, in line with Sebi by Electrum's experienced investment team, the fund will focus on small and midcap companies with robust fundamentals and unique growth drivers.
The Hindu
28-07-2025
- Politics
- The Hindu
Erode Corporation's proposal to hike water and sewerage charges cancelled amid stiff opposition
Efforts by the Erode Corporation to pass proposals for the third time to increase deposits for water supply and consumption charges, underground sewerage connection fees, and user charges failed once again, as stiff opposition from councillors led to the cancellation of the proposals during the council meeting held on Monday (July 28, 2025). The meeting, chaired by Mayor S. Nagarathinam, was held in the presence of Corporation Commissioner Arpit Jain and Deputy Mayor V. Selvaraj. Raising the issue of poor waste management, Ward 43 councillor J. Saburama Minhaj cited a report by a private organisation that ranked Erode as the second dirtiest city in the country due to garbage accumulation. She questioned the steps the civic body has taken to address the issue. Leader of the Opposition and Ward 11 councillor S.D. Thangamuthu demanded that agenda items 1 and 2 — the Water Supply By-laws 2025 and Underground Sewerage By-laws 2025 — be cancelled. 'We have been insisting on this in the last two council meetings. Yet, the items have been brought again,' he said, before announcing a walkout. All six AIADMK councillors left the meeting hall. DMK councillors, joined by Congress and Independent members, also demanded the cancellation of the two proposals and criticised the Corporation for reintroducing them despite their repeated opposition. Amid the ruckus, the Corporation announced the cancellation of both agenda items.
NDTV
26-07-2025
- NDTV
Gurugram's Missing Maids and Sanitation Workers Linked to Immigration Crackdown: Reports
The sudden disappearance of domestic workers and sanitation staff in parts of Gurugram has led to widespread concern and speculation among residents, particularly in areas like Ardee City. A viral Reddit post titled "Maid and Cook vanished suddenly from Gurgaon," highlighted the issue, with the user noting that maids, cooks, and garbage collectors had become unreachable and absent since Sunday. "Since Sunday there is a issue we all are facing in Ardee City, the maids and cooks are vanished suddenly and their cells are not reachable as well," the user wrote in the r/gurgaon subreddit. "The garbage collection guy is not coming though. What is the reason?' they added. As the post went viral, social media users speculated that the disappearance of domestic workers might be linked to the recent immigration drive targeting undocumented immigrants, particularly from Bangladesh and Myanmar. Several users shared their experience with maids and workers at their homes and offices who had stopped coming in the last few days. "They're detaining them, 90 per cent of them are illegals from Bangladesh. My maid is also one and she told us that this is happening and she's scared," said one user while another added: "They were illegal Bangladeshis. Now they are either getting deported or voluntarily leaving India." A third commented: "If you have lived in Gurgaon long enough, you would know that 90 per cent of Bengali Muslims are illegal immigrants." See the post here: Illegal immigration crackdown According to a Times of India report, the government initiated the drive to identify Bangladeshi and Rohingya living illegally in the city. The drive led to around 250 people being rounded up at four holding centres located in Badshahpur, Sector 10A, Sector 40, and Sector 1 in Manesar. As of the last update, barring 10, who will be deported, the remaining had been allowed to go by the authorities. The move has led to housing societies that depended on them for domestic chores, struggling for alternatives, as per a report in The Indian Express. 'We have identified 10 Bangladeshis (staying here illegally) from those kept at the holding centres. The deportation process is already underway for seven of them,' Gurgaon Deputy Commissioner of Police (Headquarters), Dr Arpit Jain, told the publication. The drive to round up the illegals was initiated after a letter from the Union Home Ministry directed the state governments to prepare a standard operating procedure to deport, in sufficient numbers, Bangladeshis and Rohingya staying illegally. "If any illegal foreign national is found living in any state/district, he will be detained and kept in a Special Holding Centre…the police is conducting special search operations for illegal foreign nationals to maintain law and order and peace in district Gurugram, for which Special Holding Centres have been acquired vide letter… dated 18.07.2025 of this office,' read a July 22 order from District Magistrate.
Indian Express
26-07-2025
- Indian Express
Verification drive: 4 holding centres emptied in Gurgaon, cops to restrict detentions to confirmed foreign nationals
Four community centres in Gurgaon will no longer be used as holding facilities for Bengali-speaking migrant workers suspected of being Bangladeshi or Rohingya. The Gurgaon Police said it will only look at confirmed foreign nationals and individuals under strong suspicion. The four centres were at Badshahpur, Sector 10A, Sector 40, and Sector 1 in Manesar. A police spokesperson on Friday said the centres have been emptied. 'We have identified 10 Bangladeshis (staying here illegally) from those kept at the holding centres. The deportation process is already underway for seven of them,' Gurgaon Deputy Commissioner of Police (Headquarters), Dr Arpit Jain, told The Indian Express on Saturday. Dr Jain added that while the detention of suspected foreigners at these centres has been paused for now, the verification drive is ongoing. 'Now, only those confirmed to be Bangladeshis, or those under strong suspicion of being foreign nationals, will be detained and taken to these centres pending verification,' he said. Asked about the total number of men kept at the centres, he said many had been brought in across the week and several were released the same day or within a day or two. The men were released once the local district magistrate in their hometown confirmed the validity of their documents. Over the past week, several migrant workers — mostly daily-wage labourers — were rounded up by the police as part of the drive, sparking panic among the Bengali-speaking migrant community and prompting many to leave the city. Families had claimed they had valid documentation — Aadhaar, PAN and ration cards and voter IDs — but the police were refusing to let their loved ones go. The move also left housing societies that depended on them for sanitation services struggling in terms of door-to-door waste collection. The police operations began after a letter from the Union Home Ministry, directing state governments to prepare a standard operating procedure to deport, in sufficient numbers, Bangladeshis and Rohingya staying illegally. '… if any illegal foreign national is found living in any state/district, he will be detained and kept in a Special Holding Centre… the police is conducting special search operations for illegal foreign nationals to maintain law and order and peace in district Gurugram, for which Special Holding Centres have been acquired vide letter… dated 18.07.2025 of this office,' read a July 22 order from District Magistrate. The police spokesperson on Saturday also asked citizens not to spread misinformation regarding alleged torture and violence on the part of the police during the operation. 'There is a lot of wrong information being shared online. So far, we have not received any such complaint; posts alleging torture are not genuine.' On the background of the 10 men found to be Bangladeshi, he said it is a part of the investigation, and further information cannot be shared at this stage.
