Edelweiss Asset Management Company launches India’s first hybrid passive index fund combining equities and government securities in a 70:30 allocation.
[Edelweiss Asset Management Company]
Key Updates:
- Edelweiss Asset Management Company launched the Edelweiss Nifty LargeMidcap250 Plus 8–13 yr G-Sec 70:30 Index Fund, India’s first hybrid passive index fund.
- The fund replicates the Nifty LargeMidcap250 Plus 8–13 yr G-Sec 70:30 Index with 70% allocation to equities and 30% to government securities.
- Subscription opened on March 18 and closes on April 1, 2026.
- Equity portion invests in 250 large- and mid-cap companies via the Nifty LargeMidcap250 Index.
- Debt portion invests in central government securities with residual maturities of 8–13 years via the Nifty 8–13 yr G-Sec Index.
- The fund automatically rebalances to the 70:30 equity-debt ratio every month.
- Equity managers are Bhavesh Jain and Bharat Lahoti; debt managers are Dhawal Dalal and Hetul Raval.
Similar Coverage
- Securities and Exchange Board of India (SEBI) has given final regulatory nod to ASK Asset & Wealth Management Group to commence operations as investment manager for its mutual fund business in India.
- ASK Asset & Wealth Management Group secured in-principle clearance from SEBI in March 2025 to enter the mutual fund space.
- The firm will offer active equity, passive strategies, hybrid, and fixed-income products.
- ASK Mutual Fund will cater to retail investors, long-term savers, HNIs and institutional participants.
- ASK has over four decades of experience in India’s equity markets through Portfolio Management Services (PMS) and alternative investment platforms.
- In 2022, Blackstone-managed private equity funds acquired majority stake in ASK Asset & Wealth Management Group.
- The Securities and Exchange Board of India (Sebi) has notified revamped Mutual Fund Regulations that will come into effect from April 1, 2026.
- Sebi has introduced a provision allowing mutual fund schemes to charge a base expense ratio (BER) linked to the performance of the scheme.
- The new regulations introduce the concept of a base expense ratio (BER) which represents only the fee charged by an Asset Management Company (AMC) for managing investors’ money.
- Levies such as brokerage, securities transaction tax, stamp duty, and exchange fees must now be disclosed separately rather than being aggregated under the total expense ratio.
- The brokerage ceiling in the cash market has been reduced to 6 basis points (bps) from an effective 8.59 bps.
- The net brokerage cap in the derivatives segment has been lowered to 2 bps from 3.89 bps.
- The framework expands the responsibilities of trustees and key managerial personnel to tighten oversight and reinforce governance standards across AMCs.
- Ashika Group has received in-principle approval from the Securities and Exchange Board of India (SEBI) to act as sponsor and set up Ashika Mutual Fund.
- The approval allows the company to proceed with establishing an Asset Management Company (AMC) and preparing for the launch of mutual fund schemes, subject to fulfilling SEBI’s final registration requirements and conditions.
- Ashika Group’s financial services portfolio includes retail and institutional broking, investment banking, research advisory, global family office services, alternative asset management and private equity.
- The Group has a retail broking client base exceeding 125,000 and a presence across more than 20 states.
- The Department of Posts (DoP) and the National Stock Exchange of India (NSE) have signed a pact to expand mutual fund access through the NSE MF Invest platform.
- The partnership leverages the network of over 1.64 lakh post offices and the zero-cost NSE MF Invest platform to provide mutual fund products.
- The initiative will be rolled out in a phased manner, with the first phase focusing on Do-It-Yourself (DIY) investments with small, flexible amounts.
- The second phase will expand to the full mutual fund ecosystem, offering access to all open-ended schemes across 55 Asset Management Companies (AMCs).
- The second phase also includes goal-based investing, portfolio analytics, vernacular support, and enhanced advisory services.
- The initiative aims to bridge the gap in mutual fund penetration, which remains low at approximately 10 per cent of Indian households.
- The mutual fund industry in India has recorded Assets Under Management (AUM) surpassing ₹81 lakh crore with strong Systematic Investment Plan (SIP) inflows.
Argentina formally withdraws from World Health Organization (WHO)
[Argentina, World Health Organization]
Key Updates:
- Argentina’s Foreign Minister Pablo Quirno confirmed the country’s withdrawal from WHO on 17 Mar 2026.
- The decision was first announced in February 2025 and formal notice was sent to WHO a month later by President Javier Milei’s government.
- Argentina becomes the second country after the United States to exit WHO under a right-wing administration.
- WHO lists 194 members on its website, still including Argentina as of the withdrawal day.
Similar Coverage
- New York City Health Department announced it has joined the World Health Organization (WHO) Global Outbreak Alert and Response Network (GOARN).
- The decision follows President Donald Trump's withdrawal of the United States from WHO.
- California Governor Gavin Newsom and Illinois Governor JB Pritzker, both Democrats, have also said their states will join GOARN.
- GOARN comprises more than 360 technical institutions that respond to public health events such as pandemics and disease outbreaks.
- By joining GOARN, New York City gains access to a global network of over 360 institutions for deployment of staff and resources to affected countries.
- The United States (US) has officially completed its withdrawal from the World Health Organization (WHO), a United Nations (UN) agency.
- The US Department of Health and Human Services cited the WHO's alleged mishandling of the pandemic and political influence from member states as reasons for the exit.
- Washington has terminated all government funding and recalled personnel and contractors from the WHO headquarters in Geneva, Switzerland.
- The US has not paid its membership fees for 2024 and 2025, with estimated arrears amounting to $260 million.
- In April last year, the US was the only member state that did not agree to the international pandemic treaty designed for future pandemic response.
- The WHO board is scheduled to discuss the US withdrawal during its upcoming meeting from 2-7 February.
- US Health Secretary Robert F. Kennedy and Secretary of State Marco Rubio stated that future engagement with the WHO will be limited to safeguarding American health interests.
- The WHO Director General, Tedros Adhanom Ghebreyesus, noted that the withdrawal represents a loss for both the US and the global community.
- India link not mentioned in the article.
- India and 50 other countries abstained from a United Nations General Assembly (UNGA) draft resolution calling for an immediate, full, and unconditional ceasefire between Russia and Ukraine.
- Titled Support for Lasting Peace in Ukraine, the resolution was adopted by the 193 members of the UNGA on February 24, 2026, marking four years of the conflict.
- The resolution received 107 votes in favour, 12 against, and 51 abstentions.
- The draft was introduced by Ukraine along with Bahrain, Bangladesh, Brazil, China, South Africa, Sri Lanka, the United Arab Emirates (UAE), and the United States (US).
- The resolution reaffirmed support for the sovereignty, independence, unity, and territorial integrity of Ukraine within its internationally recognised borders, including territorial waters.
- It urged the full exchange of prisoners of war and the return of all unlawfully detained persons and deported civilians, including children.
- The document expressed deep concern over intensified attacks by Russia on civilians, civilian infrastructure, and critical energy facilities in Ukraine.
- Chile supports India's aspiration of being a permanent member of the Security Council because we believe this body should better reflect the realities of today.
- India can be a stabilising factor, an established factor, in global affairs.
- Chile have been supporting reforms of the system.
Indian Institute of Technology (IIT) Jodhpur develops flexible sensors for early cancer detection
[Indian Institute of Technology Jodhpur]
Key Updates:
- Researchers at the Indian Institute of Technology (IIT) Jodhpur are developing next-generation flexible semiconductor devices for continuous health monitoring and early disease detection.
- The work is carried out at the HESTECH (Hybrid Electronic Sensor Technologies) Lab led by Dr Akshay Moudgil, Assistant Professor in the Department of Electrical Engineering.
- The Organic Electrochemical Transistor (OECT) technology enables flexible, biocompatible sensors for interfacing with biological signals and fluids.
- The low-power wearable sensors use biocompatible hybrid semiconductor materials fabricated on thin, flexible substrates for skin-conformal devices.
- The biochemical sensors aim to detect clinically relevant biomarkers in biofluids such as saliva, serum and blood for point-of-care diagnostics.
- The lab is developing soft ECG patches for cardiac assessment, EMG sensors for muscle activity tracking, and pressure and temperature sensors to detect early signs of pressure ulcers.
- The flexible semiconductor sensors can monitor physiological stress indicators such as cardiac load, dehydration, fatigue, heat stress and muscle strain for defence personnel.
Similar Coverage
- A joint doctoral researcher from the Birla Institute of Technology and Science (BITS) Pilani–Hyderabad and RMIT University has developed a flexible, low-cost biosensor for early heart attack detection.
- The graphene-based sensor enables rapid detection of myoglobin, a protein released into the bloodstream shortly after cardiac muscle injury.
- The device is designed to be lightweight and economical, making it suitable for portable and point-of-care testing in rural hospitals and low-resource healthcare facilities.
- The research is a collaboration between the MMNE Laboratory at BITS Pilani–Hyderabad and the Centre for Opto-Electronic Materials and Sensors (COMAS) at RMIT University.
- An Indian patent has been filed for the technology, and the findings were published in the journal IEEE Sensors Letters.
- Ministry of Road Transport and Highways (MoRTH) rolled out Mobile Quality Control Vans (MQCVs) to monitor National Highway quality.
- Pilot runs are underway in Rajasthan, Gujarat, Karnataka and Odisha.
- Each MQCV is equipped with non-destructive testing tools such as ultrasonic pulse velocity meters, rebound hammers, asphalt density gauges and reflectometers.
- MoRTH is developing a National Highway Quality Monitoring Portal with real-time GPS tracking of the vans.
- Test results will be shared with MoRTH field offices for corrective action on quality deficiencies.
- India has established the world's second National Environmental Standard Laboratory (NESL) at the CSIR-National Physical Laboratory (NPL) in New Delhi.
- The NESL will develop testing and calibration facilities for air pollution monitoring equipment to reduce dependence on foreign certification systems.
- At present, the United Kingdom (UK) is the only other country in the world to possess such a laboratory.
- The facility aims to address measurement anomalies caused by high dust load, humidity, and temperature differences prevalent in Indian environmental conditions.
- The laboratory will provide validated performance data for the National Clean Air Programme (NCAP), industrial emission audits, and smart-city monitoring networks.
- Union Science & Technology Minister Jitendra Singh inaugurated the laboratory during the 80th Foundation Day celebrations of CSIR-NPL.
- Union Science and Technology Minister Jitendra Singh inaugurated the National Environmental Standard Laboratory at the CSIR-National Physical Laboratory (CSIR-NPL) premises.
- The facility will test and calibrate equipment that monitors air pollution, including Online Continuous Emission Monitoring Equipment (OCEMS) and Continuous Ambient Air Quality Monitoring System (CAAQMS).
- The Environment Ministry has designated CSIR-NPL as the verification and certification agency for emission and ambient air pollution monitoring equipment in India.
Mazagon Dock Shipbuilders Ltd secures $39 million SCI contract for India’s first methanol-powered platform supply vessel
[Shipping Corporation of India, Mazagon Dock]
Key Updates:
- Mazagon Dock Shipbuilders Ltd (MDL) signed a $39 million shipbuilding contract with Shipping Corporation of India Ltd (SCI) on 18 March for a 3,000 Deadweight Tonnage (DWT) methanol dual-fuel platform supply vessel.
- SCI reduced the order to one vessel from the original plan of two firm and two optional platform supply vessels due to high costs quoted by Indian yards.
- The methanol-powered dual-fuel platform supply vessel is funded under India’s National Green Hydrogen Mission.
- SCI selected high-pressure injection technology for the dual-fuel engine to lower pilot fuel percentage despite higher capital expenditure.
Similar Coverage
- Cochin Shipyard Limited (CSL) has signed an international shipbuilding contract worth approximately $360 million (around ₹3,267 crore) with the France-based CMA CGM Group.
- Under the agreement, CSL will construct and deliver six Liquefied Natural Gas (LNG)-powered container vessels.
- Each vessel will have a capacity of 1,700 Twenty-foot Equivalent Units (TEUs) and is estimated to cost approximately $60 million.
- The vessels will be designed by Korea Maritime Consultants Co., Ltd. (KOMAC) and manufactured at the CSL facility in Kerala.
- The first vessel is expected to be delivered by February 2029, with a subsequent delivery target of two vessels per year.
- This contract has increased the total order book of CSL to approximately ₹23,000 crore.
- The supply agreement was signed in the presence of Shantanu Thakur, Minister of State at the Ministry of Ports, Shipping, and Waterways.
- Prime Minister Narendra Modi commissioned the Haldia Bulk Terminal (HBT), a fully automated dry bulk handling facility developed by Adani Ports and Special Economic Zone (APSEZ) at the Haldia Dock Complex of Syama Prasad Mookerjee Port.
- The terminal has an annual cargo handling capacity of four million metric tonnes (MMTPA) and is located on the Hooghly River.
- Developed under a 30-year concession through the Design, Build, Finance, Operate and Transfer (DBFOT) model by HDC Bulk Terminal Ltd, construction began on July 14, 2023.
- The facility includes a 2,000-tonne Railway Wagon Loading System (RWLS), a 1.54-km dedicated rail line for direct ship-to-train cargo evacuation, advanced conveyor systems, two stacker-cum-reclaimers for automated stockyard operations, and two mobile harbour cranes.
- The terminal is designed to handle imported coal and other dry bulk commodities and will serve industrial consumers in West Bengal, Odisha and Jharkhand.
- Indian Navy concluded a contract on 02 Mar 2026 with M/s Shoft Shipyard Private Limited, Thane (MSME Shipyard) for construction of 04 X 500T Self Propelled Fuel Barges.
- The barges will be built under the Classification Rules of Indian Register of Shipping (IRS).
- Their primary role is replenishment of fuel to ships and submarines in harbour and at anchorage.
- The project supports Make in India and Aatmanirbhar Bharat initiatives and aligns with Maritime India Vision 2030.
- Kerala government signed MoUs with Indian Oil Corporation Ltd (IOCL), Container Corporation of India (CONCOR), and Central Warehousing Corporation (CWC) for a ₹2,000 crore logistics plan at Vizhinjam International Seaport.
- IOCL will invest ₹700 crore to set up large-scale bunkering facilities for mother ships at Vizhinjam.
- CONCOR will invest ₹600 crore to build rail-linked infrastructure including inland container depots and container freight stations.
- CWC will invest ₹700 crore to develop a 50-acre multimodal logistics park with cold storage and export-oriented units.
- The agreements were executed in the presence of Chief Minister Pinarayi Vijayan at the Legislative Assembly Building.
- The initiative aims to prevent monopolisation in cargo handling, guarantee fair pricing, and keep critical infrastructure under public sector oversight while the port operates on a Public-Private Partnership model.