Stocks to watch: Jio Financial, Hero Motocorp, Vodafone Idea, Siemens among shares in focus today
A pharmaceutical company announced that a recent inspection by the U.S. Food and Drug Administration (FDA) at its oncology injectable facility in Ahmedabad ended with two observations, neither of which relate to data integrity.
Indian two-wheeler maker has announced the launch of its Vida Vx2 electric scooter under a new 'Battery-as-a-Service' (BaaS) model.
Abbott has entered into an agreement with MSD Pharmaceuticals to distribute Sitagliptin-based diabetes medications from MSD in India.
ESAF Small Finance Bank has given the go-ahead to sell a portfolio of non-performing and technically written-off loans amounting to ₹ 735.18 crore to an asset reconstruction company (ARC).
The telecom operator announced that it has entered into a strategic partnership with AST SpaceMobile Inc. to deliver direct-to-device satellite broadband connectivity in India, aligning with the Digital India initiative to ensure universal mobile access.
The company announced that it has entered into a Memorandum of Understanding (MoU) with Infineon Technologies to collaboratively create EV solutions customized for the Indian market.
The technology company announced that Siemens Energy India Limited (SEIL) has secured approvals from both the BSE and the National Stock Exchange of India for the listing and trading of its equity shares, which will take effect from June 19, 2025.
HDFC Bank CEO Sashidhar Jagdishan has approached the Bombay High Court, requesting the dismissal of an FIR lodged against him by the Lilavati Trust.
The company announced that its board's executive committee has given the green light to raise up to ₹ 200 crore via a private placement of non-convertible debentures (NCDs).
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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India Today
29 minutes ago
- India Today
The ULIP trap: Inside India's most mis-sold financial product
For years, Unit Linked Insurance Plans (ULIPs) have promised the best of both worlds—life insurance and market-linked investment. But for most Indian investors, the pitch rarely delivers. Despite improved regulation and better design, ULIPs continue to suffer from the same fundamental problem: they try to do too much and end up doing neither their core, ULIPs are hybrid products that blend life insurance with investments in equity or debt funds. A portion of the premium goes toward life cover, while the rest is deployed in market-linked instruments. With a mandatory five-year lock-in and tax-saving appeal, they are often marketed as all-in-one financial solutions—but that's precisely where the trouble remain the most mis-sold financial product in India. Banks heavily push ULIPs due to high commissions (up to 40% in the first year), often marketing them as mutual funds without clearly disclosing the insurance component,' says Abhishek Kumar, a Sebi-registered advisor and founder of SahajMoney. 'ULIPs make sense for a very specific type of investor in 2025, but they're not sensible for most people,' he adds. 'They might work for someone who wants a single product combining insurance and investment, has a 15-year-plus horizon, and lacks the discipline to manage them separately. But for most people, ULIPs offer the worst of both worlds—low insurance cover and weak returns.'That weakness isn't just hypothetical. 'Even in strong market cycles, internal rates of return (IRRs) often stay between 6–8%,' says Smit Dasani, Research Analyst at INVasset PMS. 'That's not nearly enough for a product that locks you in for five years and limits liquidity when markets turn.'The modest returns come with disproportionately high costs: allocation charges, mortality fees, and fund management expenses. 'Term insurance plus mutual funds is not just better—it's decisively better,' Dasani says. 'You can get Rs 1 crore cover at under Rs 1,000 a month, with no hidden fees. Mutual funds offer daily NAVs and easy redemption. ULIPs don't.'Kumar breaks it down further: 'A Rs 1 lakh annual investment in equity mutual funds can deliver far better 10-year returns than a ULIP because of high annual charges in the latter. Mutual funds have a single expense ratio. ULIPs have multiple layered costs, including premium allocation charges that can go up to 48% in the first year.'WIDELY MIS-SOLDMis-selling remains the biggest concern. 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India.com
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Mukesh Ambani and Nita Ambani's son Anant Ambani is again in news, makes it to list of....
Mukesh Ambani and Nita Ambani's son Anant Ambani is again in news, makes it to list of.... Avendus Wealth and Hurun India unveiled the inaugural edition of the Avendus Wealth – Hurun India Uth Series 2025 with the U30 List, recognising 79 outstanding young leaders who are making a significant impact across the Indian economy. This curated list spotlights two categories of pioneers: visionary first-generation founders whose ventures are valued at USD 25 mn or more and dynamic next-generation leaders leading family-owned businesses with valuations of at least USD 50 mn. Mumbai leads the 'Top Represented Cities by U30 Entrepreneurs' list with 15 entrants, including notable names such as Anant Ambani, Aadit Palicha, and Kaivalya Vohra, reinforcing the city's position as India's capital of young leaders. Notably, Maharashtra leads among all states with 21 entrants. In both lists, Reliance Jio's Anant Ambani ranks at the top and also holds the 9th position in the overall main rankings. Anant Ambani, the youngest son of India's richest industrialist, Mukesh Ambani, has been appointed as the Executive Director of Reliance Industries Limited (RIL) on May 1. Besides this, Anant even serves as a Director on the Boards of Jio Platforms Limited since March 2020, Reliance Retail Ventures Limited since May 2022, and Reliance New Energy Limited since June 2021. He has also served on the Board of Reliance Foundation since September 2022. 29-year-old Telecom heir Anant Ambani, who lives in Mumbai, secured the 9th spot out of 79 leaders for offering 'innovative and tech-driven financial solutions.' The firm combines advanced technology with financial acumen to fuel growth, enhance accessibility, and uphold robust governance standards. 22-year-old Aadit Palicha from Mumbai secured the first position. Kaivalya and Aadit co-founded Zepto, transforming India's quick commerce space. Focused on solving hyperlocal delivery challenges, they built a robust platform powered by real-time inventory and efficient logistics. Their 10-minute grocery delivery model quickly gained traction, reshaping urban consumer expectations nationwide. Besides global fame, Anant has been intensely passionate about animal welfare from a very young age and is currently involved with several compassionate initiatives to rehabilitate at-risk animals and providing them care and dignity in their residual life. The Avendus Wealth – Hurun India U30 List reveals several trends across industries, regions and founder/leader profiles: Kaivalya Vohra (22) from Mumbai stands out as the youngest Co-founder this year, behind the rapid rise of the quick commerce startup Zepto. the rapid rise of the quick commerce startup Zepto. With 13 years in business, Ananyashree Birla (30), brings the longest entrepreneurial track record to the U30 List Aravind Srinivas of Perplexity, stands out for his strong digital influence, holding the highest LinkedIn following of 3.8 lakhs The U30 entrepreneurs collectively employ 64,175 employees – a testament to their operational scale and growing impact on the economy Devika Gholap (28) is the youngest woman in this year's U30 cohort and is driving innovation in digital pathology via OptraSCAN With 8 alumni featured, BITS Pilani leads all undergraduate institutions, followed by IIT Roorkee and IIT Delhi with 6 each
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29 minutes ago
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