BIRA 91 FUNDING NEWS
George Soros's foundation at center of controversy over funding nationwide ‘No Kings’ protests against Trump
Nationwide "No Kings" protests are planned for October 18, 2025, targeting President Trump's perceived authoritarianism. The movement, backed by George Soros' Open Society Foundations, aims to mobilize millions. While the foundation states it doesn't coordinate protesters, it has provided significant grants to Indivisible, the organizing group. Critics, like Senator Ted Cruz, allege Soros' network is funding these rallies.
Piramal Finance Q2 profit rises 2x, Poonawalla Fincorp back in black
Piramal Finance reported a two-fold increase in net profit to ₹327 crore, driven by a 28% rise in net interest income. Poonawalla Fincorp swung to a profit of ₹74 crore from a loss, with net interest income growing over 37%. Both companies saw significant growth in assets under management.
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Best arbitrage mutual funds to invest in October 2025
Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets. They may also invest in debt securities and equities if there are no arbitrage opportunities available in the market.
Edelweiss Mutual Fund’s Altiva Hybrid Long-Short SIF mobilises Rs 320 crore
Edelweiss Mutual Fund’s Altiva Hybrid Long-Short SIF raised Rs 320 crore, reflecting strong investor confidence in its multi-strategy, tax-efficient approach. The fund combines equity arbitrage, fixed income, and special situations to deliver consistent, low-volatility returns with flexible subscription and redemption options.
Best aggressive hybrid mutual funds to invest in October 2025
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to ‘conservative’ equity investors to create wealth to achieve their long-term financial goals.
HDFC Mutual Fund temporarily restricts subscription in HDFC Silver ETF Fund of Fund
HDFC Mutual Fund has temporarily restricted subscription in HDFC Silver ETF Fund of Fund post the cut-off time on October 14 until further notice. The fund house informed about this restriction through a notice cum addendum.
ICICI Prudential Mutual Fund becomes fifth fund house to suspend fresh investments in silver ETF FoF
ICICI Prudential Mutual Fund has temporarily suspended fresh investments in its Silver ETF FoF from October 15 due to inflated domestic silver prices and supply shortages, joining four other fund houses.
How to tidy up your mutual fund portfolio and boost returns this Diwali
Diwali season prompts investors to review mutual fund portfolios. Experts suggest quarterly or bi-annual checks to align investments with goals and risk profiles. Avoid common mistakes like selling top performers or holding onto underperformers due to emotional attachment. Systematic and rational portfolio cleaning ensures investments work towards financial objectives, providing peace of mind.
Best value funds to invest in October 2025
If you are new to value investing, you should acquaint yourself with this style of investing and its merits and demerits. A value investor tries to choose stocks that are available at cheaper valuations. These investors employ various ratios and methodology to identify such stocks. Essentially, they look for stocks that are available at a discount to their real or intrinsic value.
Mutual funds increase cash allocation by Rs 1,139 crore to nearly Rs 2 lakh crore in September
Mutual funds have increased their cash allocation by Rs 1,139 crore on monthly basis to Rs 1.99 lakh crore in September compared to Rs 1.98 lakh crore in August. The cash allocation as a percentage of total AUM was recorded at Rs 4.92% in September compared to 4.99% in August. The equity AUM was Rs 40.43 lakh crore in the said time period.
Tata Mutual Fund announces suspension of subscription to units in Tata Silver ETF Fund of Fund
Tata Mutual Fund has become the fourth fund house to suspend subscriptions in its Silver ETF Fund of Fund, citing a shortage of physical silver and high domestic premiums. The suspension, effective October 14, applies to lump-sum, SIP, and STP investments until further notice.
Bira 91 auditor flags threat to asset fair value
Bira 91, maker of Bira beer, faces significant financial challenges. Its auditor's report for fiscal year 2024 reveals an eroded net worth and doubts about its ability to continue operations. The company has accumulated substantial losses and its liabilities exceed assets. This situation has led to employee concerns and calls for leadership change.
Sectoral and thematic fund inflows fall over 69% in September. Is investor appetite cooling?
Sectoral and thematic mutual fund inflows tumbled 69% in September, driven by profit-booking and redemptions. Experts advise long-term investors to stay patient, use SIPs, and maintain diversified exposure, while limiting any single sector allocation to 5–10% amid cyclical and concentrated risks.
Bira 91 founder Ankur Jain details fundraising efforts amid leadership crisis
In a LinkedIn post, Jain reassured staff in the post that employees would be prioritised in the fundraise and emphasised a commitment to payroll timeliness, noting that since Bira 91’s inception in 2015 until early 2025, payroll was always given importance over other investments.
Prosus backs Ixigo; Bira's founder brews trouble
Ixigo is selling a 10% stake to Prosus to fund its growth plans. This and more in today's ETtech Top 5.
Heyday to dry days at Bira? The bitter brew behind India’s beloved craft beer
Bira 91, a popular Indian craft beer brand, is navigating a difficult period. A name change led to regulatory issues, halting sales and causing financial strain. Employees have raised concerns about delayed payments and corporate governance. The company is now seeking new funding to stabilize operations and rebuild trust.
Bira 91 staff move plea for 'leadership change'
Over 250 B9 Beverages employees have petitioned investors and the board for a leadership change, citing governance failures, delayed salaries, and deteriorating financials. Production reportedly stopped in July, and a significant debt investment from BlackRock has been withdrawn. Founder Ankur Jain acknowledged payment delays and business disruptions.
D2C home fragrance brand Goodmelts raises pre-seed funding from Anicut Capital-led Investors
Anicut Capital has led a pre-seed funding round for Goodmelts, a D2C brand focused on toxin-free, sustainable home fragrance products. Founded in 2023, Goodmelts aims to elevate home scents beyond odor elimination, influencing emotions and well-being. The investment underscores growing confidence in Indian brands prioritizing safety and consumer wellness.
Indian brewer Bira plans $132 million fundraising; GEM among suitors
This would be Bira's most extensive funding round yet. The infusion of capital is aimed at bolstering operational cash flow and settling outstanding liabilities.
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