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Bangalore : Axis Mutual Fund, one of India's leading asset management companies, today announced the launch of the Axis Income Plus Arbitrage Passive FOF, an innovative open-ended scheme designed to offer investors a blend of stability, predictability, and tax efficiency. The New Fund Offer (NFO) will open for subscription on Oct 28, 2025, and close on Nov 11, 2025. The fund is managed by Devang Shah (Head - Fixed Income), Aditya Pagaria (Senior Fund Manager), Hardik Satra (Senior Fund Manager), ...Read More >
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives. Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on ...Read More >
Mumbai: Axis Mutual Fund's former fund manager Deepak Agrawal has settled a case of professional misconduct with market regulator Sebi by paying ₹85.8 lakh as settlement amount. The settlement terms also involved the clawback of over 43,300 mutual fund units allotted to Agrawal. These units were redeemed and the amount was credited to Axis Quant Fund and Axis Value Fund, Sebi said. The case stems from an inspection Sebi had conducted covering governance-related aspects of Axis Mutual Fund thr ...Read More >
Mumbai (Maharashtra) [India], September 3: Axis Bank, one of the largest private sector banks in India, today announced the launch of Sparsh Week 2025, a landmark initiative that will bring together over 1 lakh employees across its network of 5,868 branches nationwide to strengthen relationships and deliver memorable experiences for customers. Scheduled from 1st to 5th September, this flagship event will see the leadership and employees across the country actively engage with customers and celeb ...Read More >
Mumbai (Maharashtra) [India], September 3: Axis Bank, one of the largest private sector banks in India, today announced the launch of Sparsh Week 2025, a landmark initiative that will bring together over 1 lakh employees across its network of 5,868 branches nationwide to strengthen relationships and deliver memorable experiences for customers. Scheduled from 1st to 5th September, this flagship event will see the leadership and employees across the country actively engage with customers and celeb ...Read More >
PRNewswire Mumbai (Maharashtra) [India], September 3: Axis Bank, one of the largest private sector banks in India, today announced the launch of Sparsh Week 2025, a landmark initiative that will bring together over 1 lakh employees across its network of 5,868 branches nationwide to strengthen relationships and deliver memorable experiences for customers. Scheduled from 1st to 5th September, this flagship event will see the leadership and employees across the country actively engage with custome ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47- ...Read More >
NEW DELHI: A day after the arrest of one of its former fund manager Viresh Joshi by the enforcement directorate on allegations of front-running, the Axis Mutual Fund has clarified that the proceedings of the recent investigation by ED on a former employee bear no connection to the AMC's current operations, and that investors' investments with the AMC remain unaffected. "We would like to assert that none of the search or seizure actions involve any of Axis AMC's offices, branches, or premises. T ...Read More >
In a stunning turn of events, Viresh Joshi, once a key player at Axis Mutual Fund, has been arrested by the Enforcement Directorate on charges of money laundering. The case revolves around serious allegations of investor deception through front-running. Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 2 lakh crore by 'front-running' in trade activiti ...Read More >
New Delhi: In the Axis Mutual Fund money laundering case, the Enforcement Directorate on Sunday said it has seized Rs 17.4 crore of shares and mutual funds and arrested its then fund manager Viresh Joshi. A special court has remanded Joshi to ED custody till Aug 8.The proceeds of crime identified by the agency so far are around Rs 200 crore, and likely to further go up substantially. "The proceeds of the fraud were laundered through multiple shell entities and bank accounts beneficially owned by ...Read More >
Mumbai (Maharashtra) [India], August 3 (ANI): In a major crackdown on narcotics smuggling, officers of the Airport Commissionerate, Mumbai Customs Zone-III, have seized 14.738 kgs of suspected NDPS hydroponic weed (marijuana) valued at approximately Rs 14.73 crore during operations on Sunday. The seizures were made across Chhatrapati Shivaji Maharaj International Airport (CSMI), resulting in the arrest of one passenger, as stated in the press release. The passenger was arrested under the provi ...Read More >
New Delhi: The Enforcement Directorate (ED) on Sunday announced the arrest of Viresh Joshi, a former chief trader and fund manager at Axis Mutual Fund, under the Prevention of Money Laundering Act (PMLA). Joshi is accused of defrauding investors of approximately Rs 200 crore through "front-running" in trading activities. A special PMLA court remanded Joshi, taken into custody on Saturday, to ED custody until August 8. The agency's action follows searches conducted on August 1 across multiple lo ...Read More >
New Delhi, Aug 3 (PTI) The government has notified a new framework for the edible oil industry, imposing stricter registration and reporting requirements on producers to enhance transparency and oversight, according to an official release. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, notified on August 1 by the Ministry of Consumer Affairs, Food and Public Distribution, amends the Vegetable Oil Products Production and Availability (Regulation) Order, 20 ...Read More >
NEW DELHI: The Directorate of Enforcement (ED) has arrested Viresh Gangaram Joshi, the former fund manager of Axis Mutual Fund, in connection with a multi-crore front-running scam that allegedly defrauded investors between 2018 and 2021. A special Prevention of Money Laundering Act (PMLA) court has sent Mr. Joshi, who was taken into custody on Saturday, to ED custody till August 8, the agency said. The ED's investigation, initiated based on a December 2024 FIR from Mumbai Police, alleges that ...Read More >
New Delhi: Supermarket chain Vishal Mega Mart has mobilised Rs 2,400 crore from anchor investors, an update with the exchange showed. Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF, according to a circular uploaded on BSE's website. Overall, a total of 18 domestic mutual funds participated through 44 schemes, collectively accounting for 53.33 per cent o ...Read More >
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