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30 Apr

Embassy REIT Grows Distributions by 8% in FY2025 and Projects Double-Digit Distribution Growth in FY2026

MFNewsBreaking News, Business, Shares, Technology, Travel

#EmbassyREITGrowth · Delivers distributions of ₹2,181 crores (₹23.01 per unit), exceeds mid-point distribution guidance by 1.1% · Grows Revenue and Net Operating Income by 10% YoY to annual record of ₹4,039 crores and ₹3,283 crores, respectively Chandigarh: Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2025. Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, “We’re delighted to report another excellent year for Embassy REIT as we mark six years since our listing in April 2019. In FY2025,…

30 Apr

Capital Small Finance Bank PAT increases 18% Y-O-Y, Rs. 132 crore for FY25

MFNewsBusiness, Opinions

#CapitalSmallBankPAT132cr PAT increases 18% Y-O-Y, Rs. 132 crore for FY25 NIM for FY25 4.2%, improved from 3.9% in FY24 Chandigarh, April 29, 2025: Capital Small Finance Bank Ltd, India’s first small finance bank to commence operation in 2016, declared its audited financial results for Q4 FY25 and year ended on March 31, 2025. Celebrating nine years of pioneering banking access in rural and semi-urban India as a small finance bank, the Bank continues to deliver consistent performance across all key metrics, with a sharp focus on profitability, asset quality, and inclusive growth. Mr. Sarvjit Singh Samra, MD & CEO of…

30 Apr

NFO: DSP MF launches DSP Silver ETF FoF

MFNewsBrands, Breaking News, Mutual Funds, Technology

#DSPMFDSPSilverETF The NFO opens on April 28 and closes on May 9. Mumbai: DSP Mutual Fund has launched DSP Silver ETF Fund of Fund (FoF) for investors who don’t have demat account. This FoF will primarily invest in units of DSP Silver ETF. In a press release, Anil Ghelani, CFA, Head of Passive Investments & Products at DSP Mutual Fund said, "During geopolitical tensions and uncertainties, precious metals like silver and gold present a safe haven for investors. Precious metals are also a good inflation hedge for investors who fear that trade wars and tariff tensions would cause high inflation.…

30 Apr

Vi expands 5G network to Chandigarh Region

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#Vi5GnetworkChandigarh Following strong launch performance in Mumbai Chandigarh: Leading telecom operator Vodafone Idea (Vi), announced the launch of its 5G services in Chandigarh Region including Chandigarh, Mohali, Zirakpur and Kharar. This expansion follows the successful 5G rollout in Mumbai this March, where over 70% of eligible users are already experiencing 5G services, and contributing up to 20% of the total data traffic on the network. Vi has also expanded its 5G services to Patna recently. As part of the expansion, Vi users with 5G devices in the Chandigarh region will gain immediate access to Vi’s 5G services. This rollout will…

30 Apr

Mahindra to acquire 58.96% stake in SML Isuzu for INR 555 crore to strengthen position in the Trucks and Buses segment

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#MahindrastakeSMLIsuzu Chandigarh: Mahindra & Mahindra Ltd (“M&M”) today announced that it has entered into an agreement to acquire 58.96% stake in SML Isuzu Ltd. (“SML”) at INR 650 per share, which is an outlay of INR 555 crore. In addition, M&M will make an open offer in accordance with SEBI Takeover Regulations. The proposed acquisition is a step towards establishing a strong presence in the >3.5T CV segment, where M&M has a 3% market share today, as compared to a 52% market share in the <3.5T LCV segment. M&M’s Trucks and Buses Division has made meaningful progress over the past…

30 Apr

AIR INDIA EXPRESS TO SHOWCASE NEW EXPERIENCE TOGETHER AT ARABIAN TRAVEL MARKET, DUBAI 2025

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#AIRINDIADUBAI2025 Chandigarh: Air India and Air India Express are set to participate in the Arabian Travel Market (ATM) 2025, to be held from 28 April to 1 May at the Dubai World Trade Centre (DWTC), UAE. Located at booth numbers AS7290 and AS7295 in the Asia pavillion of hall 8, the two airlines will present their complementary strengths in a modern, immersive space, designed to reflect the bold new era of the two airlines. The Arabian Travel Market has been a gateway to global travel and tourism growth, unlocking business potential for the industry for over three decades. Spanning over…

29 Apr

Poonawalla Fincorp Implements AI-Powered Debt Management Platform

MFNewsBrands, Breaking News, Business, Mutual Funds, Technology

#PoonawallaFincorpAIDebt Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has announced the implementation of advanced AIpowered debt management platform to transform its debt management processes, redefining the collections journey in the lending sector. This aims to enhance efficiency across processes, strategic designs, and governance framework. Central to this transformation is an advanced engine that autonomously analyzes data from customer interactions, including digital communications, tele-calling, and field operations. It offers a multi-layered, multi-channel intervention mechanism that enhances efficiency, reducing 4-5 days of manual effort typically needed for managing collection communications. The platform…

29 Apr

Karnataka High Court Quashes FIR Against Infosys Co-founder Kris Gopalakrishnan

MFNewsBusiness, Opinions, Technology

#FIRInfosysKrisGopalakrishnan · Grants liberty to initiate criminal contempt proceedings against the complainant Chandigarh: The Karnataka High Court has quashed an FIR registered against Infosys co-founder Kris Gopalakrishnan and others under the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act, 1989. The Court termed the complaint “an abuse of the process of law” and granted liberty to initiate criminal contempt proceedings against the complainant. Justice Hemant Chandangoudar, who passed the order on April 16, observed that the complaint was a “vexatious attempt to harass the petitioners.” The FIR was based on a private complaint filed by D. Sanna Durgappa,…

29 Apr

Nita M Ambani: “ESA match is a day of celebration of hope, of dreams and of joy, children can dream and be what they want to be”

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#NitaMAmbaniESA Mumbai: As Mumbai Indians took on Lucknow Super Giants at the historic Wankhede Stadium on Sunday, all you could see in the stands was a sea of blue as over 19,000 kids from across the city packed out the stadium with their exuberant cheers and rooted for their very own Mumbai Indians. Mrs. Nita M. Ambani spoke about what makes the annual Education and Sports for All (ESA) day match a huge favourite among the players. “This is not just a match. It is a celebration of hope, of dreams and of joy. It is MI’s favourite matchday for…

29 Apr

NFO: Motilal Oswal MF launches infrastructure fund

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#MotilalOswalMFinfrafund The NFO is currently open and will close on May 7, 2025 Chandigarh: Motilal Oswal Mutual Fund has launched Motilal Oswal Infrastructure Fund, an open-equity fund. The fund will invest in companies engaged directly or indirectly in infrastructure sector. Ajay Khandelwal, Fund Manager – Equity, Atul Mehra, Fund Manager – Equity, Bhalchandra Shinde Associate Fund Manager – Equity, Rakesh Shetty Fund Manager Debt and Sunil Sawant, Fund Manager - Overseas Securities will co-manage the fund. In a press release, Prateek Agrawal, MD & CEO, Motilal Oswal MF said, "India's infrastructure growth is gaining momentum. Motilal Oswal Infrastructure Fund provides…