MFNews, Author at MFNews - Page 151 of 200

23 Apr

BHIM Launches UPI Circle with Partial Delegation to Enable Secure Payments by Trusted Users

MFNewsBrands, Business, Health, Opinions, Shares, Technology, Travel

#BHIMUPICircle Users can delegate UPI access to five trusted contacts with real-time approval Chandigarh: NPCI BHIM Services Limited (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), today announced the launch of UPI Circle with partial delegation on the BHIM payments app. It is designed to empower users by enabling them to delegate UPI transaction capabilities to trusted individuals with defined controls and complete transparency. UPI Circle allows a primary user, the UPI account holder, to authorise up to five secondary users to initiate UPI payments from their account. Each transaction initiated by the secondary user…

23 Apr

India Suspend Indus Water Treaty with immediate effect, No water for Pakistan

MFNewsBreaking News, Opinions

#INDIAPakistanwater New Delhi: India on Wednesday suspended the Indus Water Treaty and closed the Integrated Check Post at Attari besides cutting down its diplomatic engagement with Pakistan in a response to its neighbour after the Pahalgam terror attack. It announced the move to lower the strength of the high commission staff in Delhi and Islamabad to 30 as against the present 55. In a special briefing to unveil the decisions taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi in the wake of the terror attack, Foreign Secretary Vikram Misri said the CCS had…

23 Apr

Mutual fund industry AAUM rises 21% in March despite monthly dip: Analytics

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

#MFAAUMrises21percentinMarch New Delhi: Equity-oriented growth schemes continued to dominate with a 53.72% share of total AAUM, followed by debt-oriented schemes (15.06%) and liquid schemes (13.21%), ICRA Analytics said. The Indian mutual fund industry’s average assets under management (AAUM) grew 21.32% year-on-year in March 2025, according to ICRA Analytics. However, AAUM dipped 1.25% from February 2025, reflecting a short-term decline across most categories. Only Gold ETFs and Other ETFs posted positive monthly growth, rising 89.88% and 15.06% respectively. The fall in AAUM was broad-based, affecting most scheme categories. Equity-oriented growth schemes continued to dominate with a 53.72% share of total AAUM,…

23 Apr

NEW PRIVATE SUBSCRIBERS UNDER NPS CROSS 12 LAKH DURING 2024-25

MFNewsBrands, Breaking News, Mutual Funds, Opinions, Technology

#NPS12LAKHGrowth New Delhi: The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total subscriber number to over 165 lakh by March 2025. NPS Vatsalya , a scheme specifically designed for minors, introduced in September 2024 has registered over one lakh subscribers . The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 percent during 2024-25 to Rs 14.43 lakh crore by end-March 2025.

23 Apr

Tira Expands Beyond Beauty with Launch of Lifestyle Merchandise Line

MFNewsBrands, Entertainment, Health

#TiraLifestyleMerchandise ~ Introduces a curated range of beauty-adjacent, lifestyle essentials ~ Mumbai: Reliance Retail’s Tira, the beauty retail disruptor is stepping into an exciting new space and making its debut in lifestyle merchandise. With this category expansion, Tira is building a deeper brand universe, extending its presence beyond beauty shelves and into the everyday lives of its community. The launch introduces a curated range of beauty-adjacent, lifestyle essentials that blend form and function. These are not beauty products – but lifestyle companions crafted to complement the routines of beauty enthusiasts, bringing a sense of joy, self-expression, and design-forward utility into…

23 Apr

Vedanta Biggest Wealth Creator Among Top 100 Nifty Cos

MFNewsBrands, Business, Opinions, Shares, Technology

#VedantaBiggestWealthCreator · Vedanta’s 87% Total Shareholder Return is the highest among Nifty 50 & Nifty Next 50 companies in FY25. Chandigarh: Natural resources giant Vedanta Limited delivered a total shareholder return (TSR) of 87% in fiscal year 2025, creating significant shareholder wealth. This is the highest among the Nifty 50 and Nifty Next 50 companies. Other companies in the top five include pharma major Divi’s Laboratories at 69%, Bajaj Holdings at 52%, Bharat Electronics at 51%, and Interglobe Aviation with a 44% TSR. TSR is the number derived by calculating the total change in stock price and any dividends received…

23 Apr

YES BANK Q4 FY25 Results: Net profit surges 63% YoY to Rs 738 crore, NIM trends upward to 2.5%

MFNewsBrands, Business, Opinions, Shares

#YESBANKQ4FY25ResultsNetprofitsurges · Net Profit for Q4FY25 at INR 738 crore, up 63.3% YoY & 20.6% QoQ. FY25 Net Profit at INR 2,406 crore, up 92.3% Y-o-Y. Chandigarh: YES BANK, India’s sixth-largest private sector bank, has announced its Q4FY25 results, reporting a 63.3% YoY increase in net profit to INR 738 crore, alongside a 20.6% QoQ rise. The Bank’s operating profit increased to INR 1,079 crore, marking a 24.9% YoY and 10.6% QoQ improvement. For the full fiscal year FY25, the Net Profit reached ₹2,406 crore, demonstrating a robust growth of 92.3% over FY24. The Net Interest Income (NII) for Q4…

23 Apr

Poonawalla Fincorp Enters Consumer Durables Loans Market to Accelerate

MFNewsBrands, Business, Entertainment, Health, Opinions, Technology

#PoonawallaFincorp Customer Acquisition and Unlock High-Yield Growth Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC focused on Consumer & MSME Lending, today announced the launch of its Consumer Durables Loans business. The company has also introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently. This launch marks the company’s strategic entry into a fast-growing, high-velocity segment of retail lending, strengthening its ability to build a deeper, more scalable retail franchise while enhancing profitability and lifetime customer value. ConsumerdurableloanspresentPFLwithastrategicopportunitytodrivefastercustomerfranchisegrowth through instant, point-of-sale loans and digital onboarding, enabling real-time customer…

22 Apr

Overall, direct plan constitutes 47% of the MF industry AUM

MFNewsBreaking News, Business, Mutual Funds, Opinions, Shares, Technology

#DirectInvestininMFindustry Investors Investing in direct Mode with SBI MF, ICICI Pru MF, HDFC MF Mumbai: An analysis of AUM data reveals that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of direct plan AUM. SBI MF commands the highest AUM of Rs. 5.98 lakh crore from direct plans. Direct plans constitute 56% of the fund house’s total AUM. Next is ICICI Prudential MF with the second highest AUM of Rs. 4.22 lakh crore from direct plans, constituting about 48% of the fund house’s AUM. HDFC MF is the third on the list…

22 Apr

Ultraviolette Launches iconic motorcycles F77 MACH 2 and F77 SuperStreet in Chandigarh

MFNewsBrands, Business, Entertainment, Technology, Travel

#UltraviolettePortfolioatChandigarh ● Unveils two new products: ‘Tesseract’-World’s first radar integrated Electric Scooter and ‘Shockwave’- Motorcycle. Chandigarh: Ultraviolette, makers of the 'Fastest Indian Motorcycle', proudly announced the debut of its cutting-edge product range in Chandigarh today. With a strong presence across thirteen cities, this showcase marks yet another milestone in Ultraviolette’s remarkable journey and underscores its dedication to serving customers across India. Chandigarh will now be able to experience Ultraviolette’s technologically advanced and performance-driven two-wheelers that have long captivated customers across the country. As part of its commitment to enhancing customer service, Ultraviolette is also set to establish its state-of-the-art experience…