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Private Equity Firm Atlantic to Invest in Jio Platforms

General Atlantic to Invest Rs 6,598.38 crore in Jio Platforms after Facebook, Silver Lake, and Vista Equity Partners. General Atlantic also known as a marquee global investor will now hold an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh Crore in Jio enterprises.

Business News Domestic Economy Finance News

The Mega Stimulus Package of Rs 20 Lakh Crore

New Delhi, India: India’s Rs 20 lakh crore COVID relief package is one of the largest among the world announced on Tuesday by Prime Minister Narendra Modi. PM also announced previously taken measures to save the COVID impacted the economy by focusing on breaks of taxes for small scale businesses and providing incentives to domestic manufacturing units.

Business News Domestic International Mutual Funds News

Debt, Hyrbid Funds Advisors blaming Franklin Fiasco for Seeing large outflows in April

The Franklin Templeton mutual fund fiasco seems to hit mutual funds very badly. Most debt mutual fund categories witnessed very huge outflows in the last month i.e., April. The category hit very badly out of all is credit risk funds, which saw an outflow of Rs 19238.92 crore in April- data sourced by AMFI (Association of Mutal funds in India).