Inaugurated by CEO Christian Sobottka, the expansion increases capacity by over 50%, enabling annual production of four million car audio components,1.4 million infotainment units, and 0.8 million telematics units by 2027

PUNE: HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. and a global leader in connected automotive technologies, today announced a fresh investment of ₹345 crores (USD 42 million) to expand its automotive electronics manufacturing facility in Chakan, Pune, India.

The investment includes ₹45 crores (USD 5.5 million) for immediate expansion and an additional ₹300 crores (USD 36.5 million) over the next three years to support advanced telematics and next-generation automotive connectivity programs. With these new commitments, HARMAN’s cumulative investments in the Pune plant now stand at ₹554 crores (USD 67 million) since its inception in 2014.This expansion will create 300 new jobs in Pune by 2027.

This expansion strengthens the Government of India’s vision to “Make in India, for the World” – positioning the country as a key global hub for advanced automotive manufacturing of connected and sustainable mobility solutions.

Christian Sobottka, CEO and President of Automotive, HARMAN, said, “This investment is a clear signal of our commitment to India. Pune is not just adding capacity – it’s building the future of connected cars. From 5G telematics to sustainable manufacturing, India’s talent and innovation strength make it central to HARMAN’s global automotive growth.”

HARMAN’s Pune facility serves as a global manufacturing hub for connected car technologies – including cockpits, telematics units, and car audio systems, catering to all Indian OEMs, including Tata Motors, Maruti Suzuki, Mahindra & Mahindra, along with export customers in Europe and North America.

This new expansion adds 71,505 sq. ft. of built-up area, including a 45,000 sq. ft. production shop floor, boosting capacity by 50% with four new SMT lines, and new capabilities such as module production and speaker manufacturing. The plant is now poised to deliver an annual output of four million car audio components, 1.4 million infotainment units, and 0.8 million Telematics Control Units (TCUs) by 2027.

Key Highlights

• ₹345 crores (USD 42 million) new investment to expand Pune automotive manufacturing plant
• Production capacity up by 50%
• 300 new jobs to be created as part of the expansion
• HARMAN Ready Connect, the next-generation telematics control unit, is to be made in India
• Focus on green manufacturing, with a 100% green energy transition by 2030

New product lines will include 5G and 4G telematics solutions such as TCUs for Tata Motors and Maruti Suzuki, alongside the locally manufactured HARMAN Ready Connect — a pre-developed, all-in-one Telematics Control Unit co-developed with Samsung.

HARMAN Ready Connect comes equipped with OTA (over-the-air) updates, built-in cybersecurity, diagnostics, and cloud integration, and integrates with HARMAN Ready Aware to deliver real-time, contextual V2N (Vehicle-to-Network) alerts for enhanced safety.

HARMAN’s India team has played a pivotal role in this product’s definition, development, and validation. Already adopted by leading OEMs across Asia and North America, HARMAN Ready Connect exemplifies the company’s commitment to “Consumer Experiences. Automotive Grade.” — delivering in-vehicle intelligence that feels consumer-friendly yet meets the most rigorous automotive standards.

With 5G Ready Connect production now at Pune, HARMAN strengthens its ability to deliver consumer-grade, connected in-car experiences with automotive reliability. This local manufacturing step helps OEM partners bring next-generation connectivity, safety, and entertainment experiences to customers faster.

India has emerged as the innovation backbone of HARMAN’s global automotive business. HARMAN Automotive India’s 5000-member strong team has end-to-end capabilities in product management, software and hardware engineering, manufacturing, and quality.

Krishna Kumar, Managing Director & Automotive Head, HARMAN India, said, “India is where HARMAN designs, builds, and exports the next generation of in-car experiences. From connected infotainment to immersive audio to telematics and connected safety solutions, our engineers here don’t just serve India – they serve the world. That’s why India sits at the heart of HARMAN’s global automotive strategy.”

The Pune facility also continues to lead the company’s sustainability journey. Its on-site solar installations generate over 317,000 kWh of electricity annually – mitigating nearly 200 metric tons of CO₂ emissions. The Pune team’s commitment to world-class performance has earned prestigious industry recognitions, including the CII Award for Energy Efficient Unit.

Aligned with HARMAN’s global Sound Purpose ESG framework, strategy, and commitment, the facility is progressing toward 100% renewable electricity use by 2030. It has eliminated diesel generators, optimized production lines for energy efficiency, and incorporated eco-conscious design principles to minimize material waste and lifecycle impact.

Since its inception, the Pune facility has maintained a zero OSHA-recordable injury rate, underscoring HARMAN’s commitment to the highest standards of safety and operational excellence.

The expanded Pune facility complements HARMAN’s global manufacturing network across China, Hungary, Mexico, Brazil, and Germany, underscoring India’s pivotal role in driving connected, intelligent, and sustainable automotive solutions.

Through local innovation, clean energy adoption, and advanced telematics manufacturing, HARMAN demonstrates that sustainability and technology leadership go hand-in-hand — reaffirming the company’s belief that smarter mobility can also be more sustainable.

The post HARMAN’s Strategic ₹345 Crore Expansion in Pune appeared first on NRI News.

MUMBAI: The National Stock Exchange of India (NSE) announced the launch of four new digital initiatives and major enhancements to the NSE MF Invest platform this Diwali. These initiatives are aimed at enhancing accessibility, transparency, and convenience for investors, trading members, and listed companies.

Four New Digital Solutions

1. Enhanced Investor App with Seamless Portfolio Tracking with UCI Broker Linking and 13-Language Support: The NSE Investor App now enables users to track their portfolios seamlessly through manual entry or by linking their trades executed on NSE. Users can avail themselves to link their broker account registered with NSE in the Unique Client Identification (UCI). Additionally, the App is now made available in 12 regional languages, expanding accessibility across India. In similar lines with NSE’s Corporate Website (www.nseindia.com), the Mobile App is available in English, Hindi, Marathi, Gujarati, Bengali, Kannada, Tamil, Telugu, Punjabi, Malayalam, Oriya, Assamese, and Urdu.

Links:

1. NSE India Android
2. NSE India IOS

• WhatsApp Chatbot: NSE’s new WhatsApp Chatbot provides investors with instant access to the latest market updates, statistics, and price information, ensuring seamless, on-demand communication through a familiar and ubiquitous platform.

Link:

WhatsApp

• Member Portal App: NSE introduced a dedicated Member App designed to simplify compliance. The app offers a real-time dashboard for submission and penalty statuses, and on-the-go access to key resources such as Investor Awareness Programs, Circulars, and FII/DII statistics.

Links:

1. Member Portal Android
2. Member Portal IOS

• NEAPs App for Companies: The new Companies App offers listed entities a convenient way to monitor submission status, access the compliance calendar, and stay updated on their stock performance and exchange-related developments.

Links:

1. NEAPs Android
2. NEAPs IOS

These digital initiatives mark another step in NSE’s ongoing commitment to technological innovation and its mission to make financial markets more inclusive, informed, and efficient. The Apps are live and available on both the Apple App Store and the Google Play Store.

Enhancements to NSE MF Invest

NSE also introduced significant enhancements to the NSE MF Invest platform, aimed at elevating investor convenience and providing ease of doing business for market participants:

1. Carting Facility & Retriggering for orders and payments: Place up to 10 orders (Lump sum, SIP, STP & SWP) in a single session, eliminating the need for multiple authorisations and payments.
2. Folio Auto Population: Automatically populate transactions mapped to investors on the NSE MF Invest Platform, reducing manual entry errors and order rejections.
3. EUIN / Sub Broker code / Sub Broker ARN mapping: Seamlessly map EUIN, Sub Broker code, and Sub Broker ARN to investors, minimising manual entry mistakes.

These improvements are a direct outcome of user feedback, with over 16 major enhancements implemented so far. NSE continues to invite suggestions and inputs at dl-mfr@nse.co.in, continuing its collaborative approach to innovation.

The post NSE Unveils Four Innovative Mobile Solutions and Enhancements to the NSE MF Invest Platform for Investor Empowerment appeared first on NRI News.

This infusion marks Amnex’s first-ever institutional growth capital round — a strategic partnership that could accelerate the company’s ambitions to design and deploy the operating systems of tomorrow’s cities, farms, and industries.

The Tech Builder of the New Bharat

Founded in 2008 by technocrats Aditya Shah and Tapan Gosaliya, Amnex isn’t your average tech firm. It builds mission-critical platforms that integrate hardware, software, and frontier technologies like AI/ML, IoT, GIS, and Blockchain to solve real problems in traffic management, mobility, utilities, logistics, mining, smart cities, and agriculture.

From reimagining urban traffic control systems to deploying AI-driven solutions for precision agriculture, Amnex blends industrial-grade execution with digital innovation. The firm has developed more than 18 proprietary platforms and has executed high-impact projects across sectors that are key to India’s socio-economic transformation.

Its unique edge? Combining Digital Public Infrastructure (DPI)-aligned open platforms with proprietary tech solutions, enabling transparent, efficient, and scalable public service delivery.

Fast Growth, Deep Impact

Over the last three years, Amnex has grown at a CAGR of 75%, all while maintaining an asset-light model and consistently delivering ROCE above 40% — a rare feat in deep-tech and infrastructure segments.

“We’re not just building tech—we’re building the digital operating layer of a more inclusive and resilient society,” says Aditya Shah, Founder & MD of Amnex. “Our platforms are designed to anticipate needs, dissolve barriers, and unlock real human potential.”

With this fresh growth capital, Amnex plans to further strengthen its platform stack, scale operations, and deepen its presence across Indian and global markets.

A Strategic Bet on Bharat’s Digital Momentum

For The Wealth Company, the investment aligns seamlessly with its philosophy of discovery-led investing — backing underappreciated businesses with the potential to become sector-defining forces.

“India’s digital infra spend touched ₹1.19 lakh crore in 2024, growing at 10% CAGR, and we believe this is just the beginning,” notes Madhu Lunawat, Founder & MD of The Wealth Company. “Amnex has built the right technology at the right time—with a proven track record and immense scalability. This partnership is not just capital—it’s conviction.”

Lunawat’s confidence is underpinned by structural tailwinds: government-led digital missions, rising private-sector adoption, and a maturing policy ecosystem for DPI and AI integration.

Bharat Value Fund: Investing in the Next Growth Frontier

Launched by The Wealth Company, the Bharat Value Fund (BVF) has quickly carved out a reputation as one of India’s most agile and forward-looking growth capital funds. In the last six months alone, BVF has backed Haldiram Bhujiawala Ltd., Prisma Global Ltd., and other promising firms across sectors.

BVF’s approach combines rigorous due diligence, high-conviction bets, and strategic patience—a rare blend in India’s fast-paced private capital landscape.

Inside The Wealth Company: A House Built on Conviction

A fully SEBI-registered AMC as of July 2025, The Wealth Company manages over ₹10,000 crore in client assets, offering a wide suite of high-integrity investment products, including Category II AIFs, real estate funds (like Bharat Bhoomi Fund), and upcoming mutual fund offerings.

Founded by Madhu Lunawat, also Co-founder of Pantomath Group, the firm is built on research, clarity, and purpose-driven investing. As a UN PRI signatory, ESG integration is woven into its DNA—an increasing differentiator in institutional capital circles.

What This Means for the Future

This partnership between The Wealth Company and Amnex is more than just a funding round—it’s a signal. A signal that India’s next digital leap will be powered not just by consumer unicorns or flashy apps, but by companies that build foundational systems. Companies that work behind the scenes to make cities smarter, supply chains leaner, public services efficient, and infrastructure intelligent.

As India doubles down on its digital ambition, this ₹460 crore investment may just become a blueprint for what smart capital, patient conviction, and bold innovation can achieve — together.

The post Pantomath Group’s The Wealth Company Invests ₹460 Crore in Amnex InfoTechnologies’ First Growth Capital Round appeared first on NRI News.

1. Nita” claiming to be associated with an entity named “JP Morgan” operating through mobile number “7416082059” (Investors are requested to take note that “J.P. MORGAN INDIA PRIVATE LIMITED”, a registered trading member of Exchange, has informed NSE that the above-mentioned person and the entity are not associated with them in any manner.)
2.  “Abhishek” is associated with an entity named “Growvalue” operating through mobile number “9522401501”
3. “Virendra Katariya” and “Surendra” operating through mobile numbers “9887169150” and “8005877314”
4. “Riyansh Patel” and “Virat Mewad” associated with an entity named “Fairtrades24”, are providing Dabba/illegal trading platform/service and operating through mobile numbers “8971708932”, “8019570325”, application, website, and social media links as below:

Application Links: 

• https://www.arktrader.io/setup/fairtrades24.exe
• https://play.google.com/store/apps/details?id=com.arktechltd.arktrader
• https://apps.apple.com/gb/app/ark-itrader/id1511800019?ign-mpt=uo%3D2
• https://fairtrades24.arktrader.io/
• https://fairtrades24.theplatformapi.com/

Website Links:

• https://superprofile.bio/fairtrades24
• www.fairtrades24.com

Social Media Links:

• https://www.facebook.com/groups/1006559997226163/?ref=share&mibextid=KtfwRi
• https://www.facebook.com/profile.php?id=61557589201762&mibextid=ZbWKwL
• https://x.com/FAIRTRADES_24?t=1mZhvowWOOxBMgFpK_-gFA&s=09

The investors are cautioned and advised not to subscribe to any scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, investors are advised not to share their trading credentials such as user ID/Password with anyone. It may also be noted that the said person/entity is not registered either as a member or Authorised Person of any registered member of the National Stock Exchange of India Limited. Exchange has provided a facility of “Know/Locate your Stock Broker” under the link https://www.nseindia.com/invest/find-a-stock-broker  on its website, to check the details of the registered member and its Authorised Persons. Further, the designated bank accounts named client bank accounts to receive/pay money from/to investors as disclosed by the trading members to Exchange are also displayed under the said link. Investors are advised to check the details while dealing with any person/entity.

The consolidated list of Press Releases issued by Exchange is available on the NSE  website under the link https://www.nseindia.com/invest/advisory-for-investors . 

Participation in such prohibited schemes is at investors’ own risk, cost, and consequences as such schemes are neither approved nor endorsed by the Exchange.

The investors may note that for any kind of disputes relating to such prohibited schemes none of the following recourses will be available to investors:

• Benefits of Investor Protection under Exchange’s Jurisdiction
• Exchange Dispute Resolution Mechanism
• Investor Grievance Redressal Mechanism administered by Exchange

Investors are advised to take note of the above.

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MUMBAI: Franklin Templeton (India) announced the launch of its open-ended arbitrage fund — Franklin India Arbitrage Fund (FIAF). The fund will aim to achieve capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of equity markets, as well as arbitrage opportunities within the derivative segment, with the remainder allocated to debt and money market instruments. The fund will be managed by Rajasa K, VP & Portfolio Manager, Emerging Markets Equity – India; Yogik Pitti, Senior Manager, Emerging Markets Equity – Trading; and Pallab Roy, Portfolio Manager, India Fixed Income.

The New Fund Offer opens on November 4, 2024, and will close on November 18, 2024, during which units will be available at Rs. 10/- per unit.

The fund will employ an active investment strategy, adjusting its defensive or aggressive postures depending on available opportunities. It will aim to capitalize on the implied cost of carry between the underlying cash and derivatives market, offering potential returns for investors. Furthermore, holding arbitrage funds for over a year will allow investors to benefit from lower capital gains tax rates, making it a tax-efficient investment option.

Speaking on the launch of the fund, Avinash Satwalekar, President, of Franklin Templeton–India, said, “Arbitrage funds in India are ideal for investors seeking short-term income generation without exposing their investments to high risk. Franklin India Arbitrage Fund is a valuable addition to our investment portfolio as we continue to expand our product suite to meet the varied needs of our investors, based on their risk profiles. As this is a low-risk fund, it is a valuable investment opportunity for both individual and institutional clients in India.”

NFO Features

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The above product labeling assigned during the New Fund Offer (NFO) is based on an internal assessment of the scheme characteristics or model portfolio and the same may vary post-NFO when the actual investments are made.

The post Franklin Templeton’s Franklin India Arbitrage Fund appeared first on NRI News.

Prathamesh Mallya, Deputy Vice President, Research, Non-Agri Commodities and Currencies, Angel One Ltd, commented “We, at Angel One, are committed to sharing advanced research for our investors to make informed decisions and stay ahead of the curve. Gold has always had a sentimental value in our Indian society. In times of global economic uncertainty, gold would provide the perfect hedging solution against both currency fluctuations as well as inflation. We firmly believe that this study would aid as a tool to the investors in their wealth creation journey, particularly in times of economic uncertainty.”

Some additional study findings which affirm the golden era for the yellow metal:

• YTD as of 23rd August 2024, Spot Gold prices have moved up by around 22 percent and MCX gold futures have moved up by around 14 percent. The double-digit gains in gold prices in 2024 are a clear indication that precious metal as an asset class is in flavor for investors across the globe.
• Historically, it has been observed that the key guiding principle behind the allocation of gold as a part of the central bank portfolio is constructed according to three guiding principles safety, liquidity, and return.
• Global official gold reserves rose by a net 290t in the first quarter of 2024, the highest Q1 total in data series back to 2000; 1% higher than the previous Q1 record set in 2023 (286t) and 69% more than the five-year quarterly average (171t). The chart above clearly shows the interest of global central banks in their accumulation of gold in 2024.
• The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control.

With double-digit gains already in the year 2024, the important event that will drive gold prices further higher will come out of a combination of events starting from interest rate cuts in the US and further interest rates trajectory in Japan along with the outcome of the US elections. Angel One has been at the forefront of research-backed advisory for its clients. In alignment with that vision, Angel One presents the outlook for gold for 2024. The chart structure of gold prices indicates further moves higher towards the $2800/ounce mark. Accumulation zones for gold stand at around $2300/ounce mark for long-term investors. Prices on the MCX can be accumulated at around Rs.68000/10 gms mark for a target higher towards Rs. 78000/10 gms mark by the end of 2024. With the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

The post Why Allocating 10% to Gold is a Smart Move According to Angel One appeared first on NRI News.

Amway’s four state-of-the-art R&D labs in Gurugram, Chennai, Bengaluru, and Dindigul collectively total 24,700 square feet, creating a powerhouse of scientific discovery and breakthrough product development.

Talking about the investment from Amway India’s business perspective and describing the benefits to India, Rajneesh Chopra, Managing Director, of Amway India, said “There is a need for a transformative approach to nutrition and wellness in India, as the health landscape here faces significant challenges related to nutrition, lifestyle and gut health. This investment accelerates Amway India’s product development capabilities and positions Amway to better serve the unique and evolving needs of its consumers and businesses in India and around the world. India stands as one of our top priority markets globally and this investment underscores the confidence of Amway Global in the country’s expertise and potential to drive groundbreaking innovation in the health and wellbeing space.”

“For over a quarter-century, Amway India has earned the trust of people by helping them lead a healthy way of life. Our commitment to a healthier nation envisions empowering our distributors to help transform the lives of millions of Indians by prioritizing health span over lifespan. As we continue to drive innovation to offer need-based recommendations, we’ve found that the most crucial element in your health and wellbeing journey is a strong gut that is also linked to improved mental health and immunity. The R&D labs will further support driving scientifically backed initiatives like ‘Morning Nutrition’ – a holistic campaign to support a healthy lifestyle that helps individuals start their day with optimal nutrition to maintain a healthier lifestyle. We are poised to foster a healthier future for all in line with the Government of India’s vision. This strategic investment strengthens our confidence in achieving our goals while solidifying our position at the forefront of the health and wellbeing industry,” Chopra concluded. 

Introducing the R&D labs in India, Dr Shyam Ramakrishnan, Director, Innovation and Science, India, and Southeast Asia, Amway said, “In response to the rising awareness around health, wellbeing, and nutrition worldwide, this investment in state-of-the-art R&D labs is well positioned to meet the evolving consumer needs across global markets.  Importantly, it aligns with our global multi-year growth vision of consistently providing recommendations for overall well-being tailored to the evolving needs of various age groups. Having an innovation hub in India allows us to harness the incredible Indian talent pool and support the country’s ambition to be a meaningful contributor to overall well-being. For more than six decades, we, at Amway, have always prioritized a science-led approach to product development, consistently innovating for our distributors and their customers. We’re leveraging top talent in India and around the globe to develop differentiated nutrition, food, and beauty products.  These products are focused on India and Southeast Asia and possibly on other global markets. Aligned with our vision of helping people live better, healthier lives, I believe this move will raise the bar of innovation, keeping science and technology at the forefront, thus showcasing our commitment to make Amway future-ready through aspirational, trendsetting products and solutions.”

Amway is focused on delivering innovative, plant-forward formulations to meet modern nutrition, health, and well-being needs around 4 key areas, namely – Healthy Weight, Healthy Beauty, Fitness, and Healthy Ageing, emphasizing clean labels and sustainability. A team of expert researchers across various scientific disciplines will expedite the development of differentiated solutions. These contemporary R&D labs are equipped with advanced technology and instrumentation, botanical-driven innovation, the latest packaging technology, and more to ensure Amway’s benchmark quality and safety standards.

The investment in the R&D labs in India will cater to domestic and global requirements, further augmenting the company’s efforts around research, testing, and validation of innovative ideas, products, and technologies. These labs are equipped to develop product solutions in Foods, Oral solids, Beauty, and Personal care segments with premium botanical ingredients for nutrition and skin applications.

The post Amway Invests $4M in Four Innovative Research Labs Across India appeared first on NRI News.

MUMBAI: Invesco Mutual Fund today announced the launch of its new fund Invesco India Technology Fund, (an open-ended equity scheme investing in technology and technology-related sectors).

Invesco India Technology Fund seeks to generate capital appreciation by investing 80% – 100% in equity & equity related instruments of companies in technology and technology-related sectors, companies focused on driving transformative innovations across technology, automation, robotics, artificial intelligence, cloud computing, and other technology companies including those benefiting from increased digital adoption. This fund will adopt both top-down and bottom-up approaches and will invest across market capitalization balancing large-cap stability with midcap growth and small-cap potential. The fund will target investments in Indian Technology Companies alongside global technology leaders and innovators*. The fund will be benchmarked to Nifty IT TRI and will be managed by the fund managers, Hiten Jain and Aditya Khemani.

Speaking at the launch, Taher Badshah, Chief Investment Officer, of Invesco Mutual Fund said, “After a phase of subdued growth, the global IT services sector appears ready for recovery as the global economic environment stabilizes and as conditions build for a potential reversal of the hitherto rising global interest rate cycle. Not only has the Indian IT services sector gained share during this period in helping global companies manage costs, but it is also well positioned to accelerate growth going forward as adoption of new technologies revive global discretionary technology spends.”

Hiten Jain, Fund Manager, Invesco Mutual Fund further said, “Today’s world is driven by technology, and businesses are embracing newer technologies, creating new growth opportunities for IT companies. The sector is gaining strength, supported by digitalization, government initiatives, and other factors. Moreover, valuations are reasonable, and we anticipate a cyclical recovery in earnings driven by improving business sentiment.”

The minimum investment amount during the NFO is Rs. 1,000/- and in multiples of Re. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Re. 1/- thereafter. The fund will charge an exit load of 0.50% for units redeemed/switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed/switched out after 3 months.

The New Fund Offer (NFO) is now open for subscription from today (3 September 2024) and will close on 17 September 2024.

The post Invesco Mutual Fund launches Invesco India Technology Fund appeared first on NRI News.

MUMBAI: Franklin Templeton (India) announced the launch of its open-ended medium to long-duration debt fund – Franklin India Medium to Long Duration Fund (FIMLDF). The fund will look to invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills, and government securities while maintaining a duration between 4 and 7 years. FIMLDF will be managed by Chandni Gupta, VP & Portfolio Manager, and Anuj Tagra, VP & Portfolio Manager, India Fixed Income, Franklin Templeton.

The New Fund Offer opens on September 3, 2024, and will close on September 17, 2024, during which units will be available at Rs. 10/- per unit.

Commenting on the fund launch and its investment strategy, Chandni Gupta, Vice President & Portfolio Manager, India Fixed Income, Franklin Templeton, said, “FIMLDF will be dynamically managed, allowing it to adjust its duration exposure in response to changing macro environment, and it may be an ideal investment option for investors looking to deploy money in fixed income funds as a part of their strategic investment allocation.”

Anuj Tagra, Vice President & Portfolio Manager, India Fixed Income, Franklin Templeton, added, “We foresee robust domestic economic growth with a shallow rate cut cycle leading to a steeper yield curve. The fund aims to generate accrual income while opportunistically managing duration risk to deliver superior risk-adjusted returns.”

Speaking on the launch of the fund, Avinash Satwalekar, President, of Franklin Templeton–India, said, “We are expanding our fixed income range, having identified gaps spanning major categories in the high credit space. FIMLDF caters to investors looking for a product that can adapt to market cycles and invest in quality debt instruments. Our investment team will use top-down analysis to determine portfolio maturity and a bottom-up approach to security selection and aim to invest in a mix of government securities and corporate debt. The Indian market offers great opportunity for long-term players like Franklin Templeton, and we plan to continue bringing innovative solutions, and global best practices to our investors and partners in India.”

NFO Features

For further details refer Scheme Information Document available at www.franklintempletonindia.com.

The post Franklin Templeton Unveils Franklin India Medium to Long Duration Fund appeared first on NRI News.

1.       mPokket

mPokket, one of India’s fastest-growing digital lending platforms, is on a mission to empower the country’s youth by bridging the credit gap and providing small instant personal loans. The company is at the forefront of employee development in India, driving initiatives that foster professional growth and inclusivity. With a strong focus on expanding its workforce, mPokket is committed to hiring diverse young talent and ensuring a gender-diverse environment. The company also prioritizes continuous learning by offering skill development initiatives and empowering employees to pursue further education and certifications that enhance their career prospects. Innovative work policies, such as the “Don’t-Feel-Like-It” policy, reflect mPokket’s dedication to employee well-being, allowing for flexible time off to maintain productivity and mental health. This supportive and inclusive work culture not only boosts employee satisfaction but also contributes to long-term career growth, positioning mPokket as a leader in cultivating a skilled and motivated workforce in India. The company is an RBI-registered NBFC, headquartered in Kolkata and Bengaluru, with pan-India operations.

2.       Biz2x

Biz2X, a fintech lending SaaS platform in India, is setting the standard for employee development in the fintech sector with its innovative and comprehensive growth initiatives. By partnering with financial institutions to drive digital transformation, Biz2X not only fuels business expansion but also prioritizes the professional advancement of its workforce. The company has introduced the “Learner’s Wallet” policy, enabling employees to enroll in courses that enhance their skills and performance, alongside reimbursing certification costs up to INR 5,000 annually. Beyond financial support, Biz2X offers robust mentorship programs, personalized career advancement plans, and regular skills development workshops, fostering a culture of continuous learning and development. This dedication to employee growth ensures a motivated and skilled team, capable of delivering exceptional client experiences and driving the company’s mission forward. By investing in its employees’ professional journeys, Biz2X exemplifies leadership in cultivating a dynamic and talented workforce within India’s competitive fintech landscape.

3.       CASHe

CASHe, a fintech startup, specializes in providing short-term personal loans primarily to salaried millennials. The company is set to hire 300 new employees by the end of 2024 to build a Technology Excellence Centre in Hyderabad. This initiative will focus on digital engineering and fintech innovation, enhancing CASHe’s capabilities in lending, insurance, and wealth management. The hiring will span various roles, fostering a culture of continuous learning and professional growth. CASHe’s commitment to leveraging AI and machine learning aligns with its mission to drive financial inclusion and support career development within the evolving fintech sector.

4.       Finserv

Fiserv, Inc., a global technology leader in enabling seamless money movement for countless financial institutions and millions of individuals and businesses, is also at the forefront of employee development in the fintech industry. The company prioritizes continuous learning, diversity, and innovation, ensuring that its workforce remains ahead of the curve. Through comprehensive skilling programs, employees gain access to advanced learning platforms, while the Business Innovation Group fosters a creative environment for developing cutting-edge fintech solutions. Fiserv’s culture is deeply embedded with principles of diversity, equity, and inclusion, supported by Employee Resource Groups like the Women Impact Network and Unity, which champion professional growth and drive the company’s DE&I agenda. 

The post How Fintechs are Leading Employee Development in India appeared first on NRI News.