MUMBAI — In a strategic expansion of its product suite, Sundaram Mutual Fund officially announced its entry into the rapidly evolving Specialised Investment Fund (SIF) category on Wednesday. The fund house is targeting a formidable corpus of ₹350 crore for its inaugural New Fund Offering (NFO), marking a critical milestone in the company’s ongoing portfolio […]
Paytm Rejects Maiden Bonus Share Proposal: A Strategic Pivot Toward Sustained Profitability
In a surprising turn of events that has captured the attention of the Indian financial markets, fintech giant Paytm (One 97 Communications) has officially shelved its proposal for a maiden bonus issue of shares. Despite the company’s recent financial resurgence, the board of directors concluded that the timing for such a capital restructuring is not […]