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18 Apr

FIU-IND and RBI sign MoU for enhanced coordination and information exchange

MFNewsBusiness, Opinions, Shares, Technology

#FIU-INDRBIMoU The MoU will facilitate coordinated efforts towards effective compliance with Prevention of Money Laundering Act and Rules framed thereunder New Delhi: The Financial Intelligence Unit- India (FIU-IND) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) at New Delhi, today, as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed thereunder. The MoU was signed by Shri Vivek Aggarwal, Director, FIU-IND and Shri R.L.K. Rao, Executive Director, Department of Regulation, Reserve Bank of India. According to the MoU, FIU-IND and RBI will cooperate with…

18 Apr

Ambuja Cements promotes sports and education through ‘Khel Mahotsav’

MFNewsBrands, Business, Entertainment, Health, Sports

#AmbujaCementsKhel Mahotsav Chandigarh: Ambuja Cements, the cement and building material company of the diversified Adani Group, as part of its CSR commitment, organised the 'Khel Mahotsav' in Kodinar, Gujarat, to promote sports and education. The event saw participation from 250 students and teachers across nine primary schools, including Rampara, Kukras, and Sugala. Through this vibrant sports mela, students showcased teamwork and sportsmanship while gaining valuable physical activity, which is crucial for their holistic development. In addition to organising the sports event, Ambuja Cements' CSR team ensures ongoing support by upgrading sports equipment, improving playgrounds, and offering training opportunities. This empowers students…

17 Apr

Škoda Auto India follows successful launch of Kylaq with the all-new Škoda Kodiaq at the top of the range

MFNewsBrands, Business, Entertainment, Opinions, Sports, Technology, Travel

#ŠkodaAutoIndiaKylaq Second-gen 4x4 SUV enters India with luxury and sportiness in equal measure Chandigarh: After the successful launch of the Škoda Kylaq range, Škoda Auto India is now announcing a new car at the other end of the spectrum - with the launch of the all-new generation of its luxury 4x4 SUV, the Kodiaq. Into its second generation in India and internationally, the brand-new Kodiaq arrives in India with its signature blend of luxury, refinement, off-road ability, on-road dynamics and seven-seat versatility. Petr Janeba, Brand Director, Škoda Auto India shares, “In March, we recorded our biggest ever monthly sales in…

17 Apr

ICICI Prudential Life Insurance Profit After Tax grows by 39.6% to ₹ 1,189 crore in FY2025

MFNewsBrands, Business, Insurance, Shares, Technology

#ICICIPruLifeGrowsby39.6% Final dividend of ₹ 0.85 per share declared Chandigarh: ICICI Prudential Life Insurance registered a strong growth of 39.6% in its Profit After Tax (PAT) to 1,189 crore for FY2025. The Value of New Business (VNB), which represents the present value of future profits, stood at 2,370 crore with a VNB margin of 22.8% in FY2025. The total Annualised Premium Equivalent (APE) grew by 15% year-on-year to 10,407 crore in FY2025. Retail protection business APE grew by 25.1% year-on-year to 598 crore in FY2025. Annuity business grew at a two-year CAGR of 31.4% in FY2025. The Company’s retail New…

17 Apr

India’s Retail Inflation Hits Six-Year Low and Drops to 4.6%

MFNewsBusiness, Opinions, Technology, Travel

#IndiaRetailInflationSixYearLow 2024-25 Retail Inflation Drops to 4.6%, March Sees YoY Dip to 3.34% New Delhi: Retail inflation in India, as measured by the Consumer Price Index (CPI), which reflects the cost of everyday goods and services, fell to a remarkable 4.6% in the fiscal year 2024-25, the lowest since 2018-19. This milestone highlights the effectiveness of the Reserve Bank of India’s pro-growth monetary policy, which has successfully balanced economic expansion with price stability. Notably, the year-on-year inflation rate for March 2025 dropped to 3.34%, a decline of 27 basis points from February 2025, marking the lowest monthly inflation rate since…

17 Apr

Department of Pensions and Pensioners’ Welfare conducts review meeting on NPS Oversight Mechanism

MFNewsBusiness, Opinions, Technology

#NPSOversightMechanism Ministries/Departments to ensure welfare of NPS employees through National Pension System Oversight Mechanism New Delhi: Department of Pensions and Pensioners’ Welfare (DoPPW) is committed towards the welfare of Central Government pensioners including those covered under National Pension System (NPS). In this regard, third review meeting on the status of setting up of NPS Oversight Mechanism was held under the Chairmanship of Shri V. Srinivas, Secretary (Pension) on 16.04.2025 with the Financial Advisor and the Nodal officers of 11 Ministries/Departments. Representative of M/s Protean have also attended the meeting. In the meeting, Secretary (Pension) reviewed and emphasized upon timely credit…

16 Apr

Exports during FY 2024-25 is estimated to grow by 5.50% at $820.93 Billion, $778.13 Billion in 2023-24

MFNewsBreaking News, Business, Opinions, Shares, Technology

Drugs & Pharmaceuticals exports increased by 9.39% from US$ 27.85 Billion in FY 2023-24 (April-March) to US$ 30.47 Billion in FY 2024-25 (April-March) New Delhi: India’s total exports (Merchandise and Services combined) for March 2025* is estimated at US$ 73.61 Billion, registering a positive growth of 2.65 percent vis-à-vis March 2024. Total imports (Merchandise and Services combined) for March 2025* is estimated at US$ 77.23 Billion, registering a positive growth of 4.90 percent vis-à-vis March 2024. Table 1: Trade during March 2025* March 2025 (US$ Billion) March 2024 (US$ Billion) Merchandise Exports 41.97 41.69 Imports 63.51 57.03 Services*…

16 Apr

Over 1.3 Crore Persons Insured through GeM in FY 2024-25

MFNewsBreaking News, Business, Opinions, Technology

GeM facilitates hiring of 1 million people in FY 2024-25 New Delhi: Government e Marketplace (GeM), India's largest e-marketplace for public procurement, sets yet another milestone in services delivery in the FY 24-25. Apart from facilitating hiring of 1 million manpower resources in FY 24-25, GeM has successfully facilitated insurance of more than 1.3 crore individuals covering Health, Life and Personal Accident Insurance policies. The Insurance Services category was introduced on GeM in January 2022 to bring greater efficiency, transparency and cost-effectiveness in procuring insurance policies. By ensuring that only Insurance Regulatory and Development Authority of India (IRDAI) -approved service…

16 Apr

Transforming the Luxury Experience, BMW Group India expands Retail.NEXT in Delhi NCR

MFNewsBrands, Business, Entertainment, Sports, Technology, Travel

#BMWIndiaRetail.NEXT Retail.NEXT - : modern architecture, appealing design and engaging digitalisation. New Delhi: BMW Group India has expanded its Retail.NEXT footprint in India with Deutsche Motoren and Infinity Cars in Delhi NCR. The company aims to create a future-forward retail space that not only showcases its vehicles but also embodies the brand’s commitment to luxury, innovation, and customer satisfaction. Mr. Vikram Pawah, President and CEO, BMW Group India said, "BMW Group India is redefining modern retail by placing the customer at the heart of digitally empowered, design forward experience that reflects the true essence of its brands. Retail.NEXT is transforming…

16 Apr

Jupiter International Limited secures ₹500 Crore investment from ValueQuest SCALE Fund

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#Jupiter₹500CrValueQuestSCALE Funds for its affiliates to accelerate solar manufacturing expansion Chandigarh: Jupiter International Limited (“Jupiter International” / “Company”), a manufacturer of photovoltaic solar cells and a provider of comprehensive solar power solutions, has announced today that it has secured a ₹500 crore investment from ValueQuest SCALE Fund and its affiliates. This marks ValueQuest’s retaining second investment, reinforcing its confidence in Jupiter International’s growth and expansion in the solar energy sector. The Company currently operates at a 1 GW facility in Baddi, Himachal Pradesh and plans to increase the total capacity to 5.6 GW solar cells and 2.4 GW solar modules.…