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13 Jun

Gold Prices Breach ₹1 Lakh Mark on MCX for First Time Ever

MFNewsBrands, Breaking News, Business, Entertainment, Mutual Funds, Opinions, Technology

#Gold #GoldPrice #Gold1lakh Geopolitical tensions, weak rupee, and global safe-haven demand drive record rally Mumbai: Gold prices in India soared to an all-time high on Friday, crossing the historic ₹1 lakh per 10-gram level on the Multi Commodity Exchange (MCX) for the first time. The sharp rally reflects a perfect storm of international and domestic economic factors, including geopolitical instability, currency depreciation, and heightened demand for safe-haven assets. 🔺 Prices Hit ₹1,00,403 in Early Trade Domestic gold futures rose by over 2% in morning trade, peaking at ₹1,00,403 per 10 grams. This psychological breakthrough comes amid increasing investor concern over…

13 Jun

Entire Reliance family are deeply pained and anguished by the grave loss of life caused by the tragic plane crash

MFNewsBrands, Breaking News, Health, Travel

Mumbai: "Nita and I along with the entire Reliance family are deeply pained and anguished by the grave loss of life caused by the tragic plane crash in Ahmedabad. We extend our sincere and heartfelt condolences to all those affected by this tragic incident. In this hour of grief, Reliance extends its full and unwavering support to the ongoing relief efforts and stands ready to assist in every possible way. We pray that all those impacted find the strength and solace to cope with their unimaginable loss. Om Shanti." Mr. Mukesh D. Ambani, Chairman & Managing Director, Reliance Industries Limited

13 Jun

NFO: Mirae Asset MF launches Arbitrage FOF and Financial Sector Debt Index Fund

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions

#NFO #MiraeAssetMF #MiraeArbitrageFOF #MirarFinancialDebtIndexFund Chandigarh: Mirae Asset Mutual Fund has announced the launch of two new fund offerings: Mirae Asset Income Plus Arbitrage Active Fund of Fund (FOF) and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund. The AMC aims to address evolving investor needs through these offerings. One fund uses a dynamic allocation strategy between arbitrage and debt. The other offers passive exposure to high-quality financial sector debt. The NFO for Mirae Asset Income Plus Arbitrage Active FOF will run from June 16 to June 30 and reopens on July 7. The NFO for Mirae Asset…

13 Jun

NPCI and IDRBT Sign MoU to Jointly Advance Payment Security and Cyber Resilience

MFNewsBrands, Breaking News, Business, Entertainment, Opinions, Shares, Technology, Travel

#NPCI #NPCIIDRBTMoU #NPCIAdvancePaymentSecurity #CyberResilience Chandigarh: National Payments Corporation of India (NPCI) and The Institute for Development and Research in Banking Technology (IDRBT) have signed a Memorandum of Understanding (MoU) to collaborate on initiatives that aim to strengthen the cyber security and resiliency across India’s digital payment ecosystem. As part of the agreement, the two organisations will jointly conduct targeted training programmes for tech and cyber professionals in the banking and digital payment services sector. These programmes will focus on key areas such as cyber security, resiliency and data privacy. The partnership will also lead to the development of an exclusive…

13 Jun

Bank of Baroda Implements Broad-Based MCLR Cut

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#BankofBaroda #BOBMCLRCut Chandigarh/Ludhiana: Bank of Baroda (Bank), one of India’s leading public sector banks, has announced a reduction in its Marginal Cost of Funds Based Lending Rate (MCLR), effective June 12, 2025. The revised rates will apply to new as well as existing loans linked to the MCLR benchmark. The Bank has reduced MCLR by 5 basis points across tenors from One Month to One Year. The new rates are as follows: Tenor Existing MCLR (%) Revised MCLR (%) w.e.f. June 12, 2025 Overnight 8.15 8.15 One Month 8.35 8.30 Three Months 8.55 8.50 Six Months 8.80 8.75 One Year…

12 Jun

Surging ahead: Škoda Auto outlines framework to strengthen India growth plan

MFNewsBrands, Business, Entertainment, Travel

#ŠkodaAuto #ŠkodaAutoIndiagrowthplan 2025 to become the ‘Biggest Year’ for Škoda Auto India Chandigarh: The year 2025 marks an important milestone for Škoda Auto worldwide, celebrating 130 years of rich history and 25 exciting years in India. Building on the strategy of getting closer to customers, Škoda Auto India has outlined a slew of key brand, product, network, and customer-centric initiatives to drive momentum in the Indian market. Speaking at the occasion, Ashish Gupta, Brand Director, Škoda Auto India, said, “India is the most important growth market for Škoda Auto outside Europe. We are focused on building a strong, future-ready brand…

12 Jun

BREAKING News: Air India plane crashes near Ahmedabad airport in Gujarat, 242 people aboard the plane

MFNewsBreaking News, Travel

#BREAKINGNews #AirIndiaplanecrashesAhmedabad #AirIndia #AirIndiaPlane Ahmedabad: A plane has crashed in Gujarat's Meghani area near Ahmedabad airport. Visuals of the plane crash site shared by PTI shows thick willow of smoke emanating from the area. Air India's Boeing 787 Dreamliner plane has crashed in Ahmedabad. It had 242 passengers on board, including former Gujarat Chief Minister Vijay Rupani. Among the passengers, there were 53 British, 7 Portuguese and one Canadian citizen. So far 100 bodies have been recovered from the accident site. The building the plane collided with houses doctors of Ahmedabad Civil Hospital. According to information, 15 doctors have been…

12 Jun

Bandhan Mutual Fund Relocates Branch Office in Pune

MFNewsBrands, Breaking News, Business, Mutual Funds, Technology

#BandhanAMC #BandhanAMCPune Pune: Bandhan AMC Limited (Bandhan AMC) has relocated its branch office in Pune to help serve investors and mutual fund distributors (MFDs) better. The branch office is located at First Floor, Signature Building, Above ICICI Bank, Bhandarkar Road, Pune - 411004. The relocated branch in Pune will include a fully equipped meeting cum training room which aims to enhance its customer service and investor awareness activities in Pune. Talking about the branch relocation, Mr. Vishal Kapoor, CEO, Bandhan AMC said that, “Pune has been a high-growth market for us, and we are happy to have received strong feedback and…

12 Jun

Pramerica Life Insurance Recognised as a Great Place to Work® for the Third Consecutive Year

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#PramericaLifeInsurance #PramericaLifeGreatPlacetoWork Chandigarh: Pramerica Life Insurance, one of the fastest growing life insurers in India has been certified as a Great Place to Work® for the third consecutive year, reaffirming its commitment to building a workplace rooted in trust, and excellence. This year, the company has also earned a spot among the Top 50 Best Workplaces in India within the BFSI sector, a prestigious recognition that highlights its continued investment in people first practices and workplace culture. The company’s GPTW Trust Index Score has consistently improved, rising to 90 in 2025, up from 88 in 2024 and 83 in 2023,…

12 Jun

NSE Academy collaborates with ACAMS to strengthen Anti Money Laundering education in India

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#NSEAcademyACAMS #NSEstrengthenAntiLaunderingeducation #NSEIndia Chandigarh: NSE Academy Limited (NAL), a subsidiary of the National Stock Exchange of India Ltd., has partnered with ACAMS, the largest international membership organization for Anti-Financial Crime professionals, to offer a range of certification courses designed to equip participants to effectively prevent financial crime and ensure compliance with regulatory standards. Together, NSE Academy Limited and ACAMS will provide training for Certified Anti-Money Laundering Specialist (CAMS) Certification in addition to offering certificate courses in AML frameworks. CAMS will deliver comprehensive insights into AML, risk assessment, and current regulations, equipping professionals to excel and contribute to a safer financial…