Latest news with #Ramanathan
Time of India
04-07-2025
- Business
- Time of India
NFO Update: JM Financial Mutual Fund launches large & mid cap fund
Live Events JM Financial Asset Management has launched JM Large & Mid Cap Fund, an open ended equity scheme investing in both large cap and mid cap stocks The new fund offer or NFO is open for subscription and will close on July 18. The investment objective of the scheme is to generate returns by investing in high quality growth stocks with superior management quality and corporate governance investible universe has been created by leveraging the in-house GeeQ (Growth of Earnings and Earnings Quality) and flexibility are cornerstones of the portfolio strategy of the scheme. Navigating seamlessly between large and midcap opportunities, the scheme aims to capture growth without compromising on risk management to deliver consistent performance in changing market conditions, according to a press release by the fund house.'We are excited to launch our Large & Midcap Fund - offering the size and stability of one of India's biggest companies and the vitality of emerging India's Midcap companies. We believe this blend is a unique opportunity to cover all aspects of the Indian economy offering growth and lower volatility. We are confident of India's growth opportunity and believe that the best is yet to come,' said Satish Ramanathan, Chief Investment Officer - Equity, JM Financial Asset Management.'Large Cap indices offer companies that are champions in their space with lower cost of capital and access to technology and market reach. The flip side is that profit growth soon aligns to the country's GDP growth. Midcap companies offer emerging sectors in auto ancillary, manufacturing, defence, quick service restaurants with a longer runway of growth. Our large and midcap fund will aim to capture the growth and stability offered by this asset class,' Ramanathan added.'With our new Large & Midcap Fund, we bring together the stability and resilience of blue-chip giants and the growth potential of emerging leaders. This isn't just another Scheme- it's a powerful blend of scale and rapid growth, designed to seize tomorrow's opportunities. The Indian equity markets are undergoing a period of heightened volatility, where a product which has a return profile closer to midcaps and the risk profile closer to large caps could offer investors a better experience. We are confident that our growth and quality focused investment philosophy, a disciplined and process driven investment approach and a seasoned equity fund management team could help us navigate these turbulent times and create a resilient portfolio which may enable wealth creation for investors,' said Asit Bhandarkar, Senior Fund Manager - Equity, JM Financial Asset Bhandarkar and Deepak Gupta are the fund managers for this fund. Ruchi Fozdar will oversee the Debt portion of JM Large & Midcap Fund.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
04-07-2025
- Business
- Economic Times
NFO Update: JM Financial Mutual Fund launches large & mid cap fund
JM Financial Asset Management introduces the JM Large & Mid Cap Fund, an open-ended equity scheme investing in both large and mid-cap stocks. Open until July 18, the NFO aims to generate returns through high-quality growth stocks, leveraging the in-house GeeQ model. Satish Ramanathan highlights the blend's unique opportunity to cover the Indian economy, offering growth and lower volatility. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads JM Financial Asset Management has launched JM Large & Mid Cap Fund , an open ended equity scheme investing in both large cap and mid cap stocks The new fund offer or NFO is open for subscription and will close on July 18. The investment objective of the scheme is to generate returns by investing in high quality growth stocks with superior management quality and corporate governance investible universe has been created by leveraging the in-house GeeQ (Growth of Earnings and Earnings Quality) and flexibility are cornerstones of the portfolio strategy of the scheme. Navigating seamlessly between large and midcap opportunities, the scheme aims to capture growth without compromising on risk management to deliver consistent performance in changing market conditions, according to a press release by the fund house.'We are excited to launch our Large & Midcap Fund - offering the size and stability of one of India's biggest companies and the vitality of emerging India's Midcap companies. We believe this blend is a unique opportunity to cover all aspects of the Indian economy offering growth and lower volatility. We are confident of India's growth opportunity and believe that the best is yet to come,' said Satish Ramanathan, Chief Investment Officer - Equity, JM Financial Asset Management.'Large Cap indices offer companies that are champions in their space with lower cost of capital and access to technology and market reach. The flip side is that profit growth soon aligns to the country's GDP growth. Midcap companies offer emerging sectors in auto ancillary, manufacturing, defence, quick service restaurants with a longer runway of growth. Our large and midcap fund will aim to capture the growth and stability offered by this asset class,' Ramanathan added.'With our new Large & Midcap Fund, we bring together the stability and resilience of blue-chip giants and the growth potential of emerging leaders. This isn't just another Scheme- it's a powerful blend of scale and rapid growth, designed to seize tomorrow's opportunities. The Indian equity markets are undergoing a period of heightened volatility, where a product which has a return profile closer to midcaps and the risk profile closer to large caps could offer investors a better experience. We are confident that our growth and quality focused investment philosophy, a disciplined and process driven investment approach and a seasoned equity fund management team could help us navigate these turbulent times and create a resilient portfolio which may enable wealth creation for investors,' said Asit Bhandarkar, Senior Fund Manager - Equity, JM Financial Asset Bhandarkar and Deepak Gupta are the fund managers for this fund. Ruchi Fozdar will oversee the Debt portion of JM Large & Midcap Fund.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Hindu
01-07-2025
- The Hindu
Man sentenced to life in prison for sexual assault, child marriage in the Nilgiris
The Special Fast Track Mahila Court in Udhagamandalam on Monday sentenced a 48-year-old man to life in prison for sexually assaulting and marrying a minor girl at Gudalur in the Nilgiris in 2021. According to P. Senthil Kumar, Special Public Prosecutor (Ooty Mahila Court), Ramanathan from Ramanathapuram had struck up a relationship with the victim over phone during lockdown. He had then visited the victim at her home and convinced her mother, who was named as Accused No. 2 in the case, to stay in their home. It was alleged that when the victim's mother left for work on May 19, 2021, that Ramanathan had sexually assaulted the victim. A few months later, when it came to her notice that the victim was pregnant, her own mother arranged for her to marry Ramanathan at their house. When the incident came to light, child welfare officials registered a complaint with the Gudalur All Woman Police Station, who charged Ramanathan under various Sections of the Protection of Children from Sexual Offences Act and the Child Marriage Act, 1929. On Tuesday, Mahila Court judge M. Senthil Kumar sentenced Ramanathan to life in prison after charges of sexual assault were proven against him. He was also sentenced to two years in prison for offences committed violating the Child Marriage Act, and fined a cumulative amount of ₹10,500. The victim's mother, who was also charged for offences under the Child Marriage Act, was sentenced to serve 160-days in prison. As she had already served time awaiting trial, she was let off after being fined ₹200.
The Hindu
27-06-2025
- The Hindu
Cyber Crime Police bust call centre defrauding many in name of facilitation for insurance
The Cyber Crime Police Station, West Zone, Chennai has busted a call centre which was operated at Teynampet for allegedly siphoning off money from many under the pretext of facilitating for insurance. Two main accused were arrested in connection with this fraud. Police said on April 29, Ramanathan, 65 of Arumbakkam received a call from an unknown person and offered to close his insurance policy for ₹18.64 lakh held with a private firm and redeem it. The caller promised that Ramanathan would get ₹4.20 crore if he would reinvest the redeemed amount in policies of other firms. As per instruction of the caller, Ramanathan closed the policy and transferred the amount for investing in other insurance firms. But Ramanathan did not get any policy document and hence he grew suspicious and lodged a complaint with the police. Similarly, the Inspector of Police, Cyber Crime Police, West Zone, Shanthi Devi received a call from a woman who claimed that she was from HDFC, Tambaram. The caller told the inspector that her policy amount ₹2.85 lakh would mature shortly, and she was required to pay further. The caller sent a link and asked her to pay ₹15,000 plus GST in addition to sharing Aadhar card, bank details and passport size photos. The woman inspector who had no such policy grew suspicious and analysed the call records. The inspector after thorough investigation found that the call originated from JVL Plaza in Rangoon Street. The officer went to the place and a call centre without a name board was functioning at the said premises. At least 50 staff were working there. Police arrested Munir Hussain, 36 who ran the centre and Ashokan, manager of the centre for indulging in online frauds. Munir had already been arrested by the Central Crime Branch in 2020 for cyber fraud, said police. City Police Commissioner appreciated the police team who busted the call centre.
Time of India
24-05-2025
- Business
- Time of India
$8 billion and rising: How processed food exports can unlock growth for India in global food trade
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's agricultural exports reached $48 billion in FY24, solidifying its position as a major player in the global food trade. However, processed food exports , currently valued at $8 billion, offer significant headroom for growth, according to Deloitte & FICCI's latest report 'Spurring growth: Driving innovation and unlocking opportunities in the Indian food processing sector'.'There is potential to move up the value chain from primary commodities to value-added processed foods , which could be achieved by establishing Indian food products as a mainstream global phenomenon. Few opportunities to help enable this transition include scaling healthy Indian food products, such as millets and makhana; upgrading commodity value chains for highly exported products such as groundnut; and building strategic branding around globally trending products and India's GI-tagged products,' the report the report highlighted that processed food exports would also generate broader ecosystem benefits, including the reduction of post-harvest losses and the enhancement of employment opportunities and improved returns for farmers, all without the need for higher growth in the food processing industry, according to Anand Ramanathan, Partner & Consumer Industry Leader, Deloitte South Asia, can only come if the export market is looked at more conscientiously. 'Such exports will also help in more value addition, which one can use in the domestic market. Currently we are doing a very small percentage of exports, and most of it is for the Indian diaspora. We must start looking at the needs of the wider market and start exporting to them as well,' Ramanathan toldon the sidelines of the Ficci Foodworld India 2025 event held recently in the report sheds light on the contribution of the food processing sector, which accounts for 7.7% of India's total manufacturing GVA (gross value added) and plays a critical role in generating employment, fostering rural development, and enhancing value addition. With a valuation of about $160 billion, the sector reflects India's economic rise, marked by the country's rank as the fifth-largest economy and a doubling of per capita income to Rs 1.97 lakh over the past nine years, the report highlighted. It also noted how tier II and tier III cities are fast becoming engines of economic growth due to consumption trends aligning across urban and rural conducted a survey involving over 1,200 urban consumers to capture insights into prevailing behaviours, attitudes and the consumer trends gaining traction, protein has been highlighted as one of the strongest trends within the health food space. 'This growing awareness is leading to healthier dietary habits and a stronger focus on incorporating diverse protein sources into daily meals. According to the survey, 43% of urban respondents consider protein content very important, while 32% regard it as extremely important,' the report this, the report finds that Indian consumers are increasingly prioritising digestive health as a core component of overall wellness, leading to a surge in demand for processed foods that support gut health. Products enriched with probiotics and prebiotics—such as functional beverages, fortified dairy products and gut-friendly snacks—are witnessing growing report also highlights the rise of Indian superfoods , noting that millets are gaining popularity due to their impressive nutritional profile. 'Their low Glycemic Index (GI) makes them diabetic-friendly, helping to manage blood sugar levels effectively. The urban youth population is increasingly becoming health-conscious and shifting towards millet consumption. The growth in demand is evident in urban and semi-urban areas and is expected to continue rising through 2030,' it millets, the rise of Indian products such as(fox nuts) is also a reflection of the growing demand for healthy and nutritious snacks in India, the report said. 'Makhana, known for its low-calorie and high-nutrient profile, has seen a significant increase in popularity due to its health benefits and versatility. This trend is part of a broader movement towards healthier eating, driven by an increasingly health-conscious consumer base,' the report says consumer demand is shifting towards clean-label, protein-rich and gut-friendly foods, driving a structural evolution in how India consumes food. 'India's agri and food processing sector is on the brink of a transformative leap, where tradition meets cutting-edge technology to build a future-ready food ecosystem. India is poised to lead the global narrative on health-driven, tech-enabled and inclusive food systems, fuelled by advancements in AI, IoT and blockchain. With the right focus, India's food processing industry can set the benchmark for inclusive, responsible growth in the global food economy.'The report suggests that companies may benefit from refining their strategies, with a greater focus on cost management and innovation to drive sector growth. 'Companies may look beyond operational improvements and explore initiatives, such as reformulation, packaging innovation and rapid prototyping of localised offerings. To stay competitive, large incumbents and emerging players may consider building structured, continuous innovation pipelines that respond swiftly to evolving consumer expectations. Collaboration between industry players, government bodies and academic institutions can further drive innovation,' it said.
