Breaking News Archives - Page 114 of 133

19 May

SBI cuts fixed deposit interest rates by 20 basis points across all Segments

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#SBIcutsfdratesby20bp New Delhi: SBI's move comes after the Reserve Bank of India (RBI) cut the repo rate in its latest monetary policy review. Since then, several banks have trimmed their FD rates. The State Bank of India (SBI) has reduced its fixed deposit (FD) interest rates by 20 basis points (bps) across all tenors. The revised rates came into effect on May 16, 2025. This marks the second rate cut in just a month, following the previous reduction on April 15. SBI's move comes after the Reserve Bank of India (RBI) cut the repo rate in its latest monetary policy…

18 May

Defence Funds: Mutual funds In Demand after Operation Sindoor

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#DefenceFundsInDemand As of April 30, 2025, the fund held a portfolio of 22 stocks with total assets under management (AUM) amounting to Rs 5,487 crore Mumbai: Defence mutual funds in India have seen a one-month return surge, ranging from 13.67% to 18.75%, primarily due to increased market focus on defence sector investments and geopolitical activities. Indian defence sector-oriented mutual funds are witnessing a notable surge, with one-month returns ranging from 13.67% to 18.75%. This surge is attributed to heightened investor interest, driven by recent geopolitical events such as Operation Sindoor and government policies that favour domestic defence manufacturing. The average…

17 May

Indian Equity Funds hold 2.5 Lakh Crore’s in cash, Waiting for Right Time

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#equityfundsholdcrores PPFAS MF has the highest cash holding of 22%. Mumbai: A New Study report by Motilal Oswal Financial Services shows that the Indian mutual fund industry has cash holding of 7% of the total equity AUM. The data shows that the average cash holding of the top 20 fund houses was 6.9% of the total equity AUM in March 2025. The average cash holding of these fund houses increased from 4.9% of the total equity AUM in March 2024. PPFAS MF, Motilal Oswal MF and SBI MF are the top three fund houses in terms of cash holding in…

17 May

LIC MF re-introduces five flagship equity schemes

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#LICMFiveequityschemes Mumbai: LIC Mutual Fund has re-introduced five equity schemes as its flagship schemes catering to the needs and requirements of modern investors, especially millennial and Gen-Z investors. The fund house said that these schemes are aimed at enhancing product offerings, attracting new investors and aligning the funds with changing market dynamics. These five schemes include LIC MF Value Fund, LIC MF Small Cap Fund, LIC MF Multi-Asset Allocation Fund, LIC MF Dividend yield Fund and LIC MF Focused Fund. Ravi Kumar Jha, MD & CEO of LIC MF said, “The aim is to reach an AUM of Rs.1 lakh…

17 May

Godrej Launches AI-powered side-by-side refrigerators with eye-catching aesthetics

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#GodrejrefrigeratorsAI Chandigarh: Home appliances are no longer just about functionality; they are now an extension of style and smart living. Aligning with this, the Appliances business of Godrej & Boyce, part of the Godrej Enterprises Group has launched AI-powered Eon Velvet Side-by-Side Refrigerators that offers a seamless blend of aesthetics and technology. Powered by AI, this 600L large capacity refrigerator automatically optimizes cooling and energy consumption by sensing food load and usage like door openings, ensuring food stays fresher for longer. Additionally, with intelligent modes like Eco mode for automatic temperature regulation, Holiday mode for energy conservation when you are…

17 May

Bajaj Allianz Life Launches a Super Flexible Market-Linked Pension Plan

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#BajajAllianzLifePensionPlan - Linked to New Fund Offer, Bajaj Allianz Life Nifty 200 Alpha 30 Index Pension Fund to drive long-term wealth creation Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has launched Bajaj Allianz Life Smart Pension — a unit-linked, non-participating, individual pension plan that empowers customers to take greater control of their retirement planning. The plan is designed to help build a retirement corpus, which can be used to generate life-long guaranteed income and support life goals during the retired years. It is linked to the newly launched Bajaj Allianz Life Nifty 200 Alpha 30…

16 May

NFO: SBI MF launches Nifty200 Quality 30 Index Fund

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#SBIMFNifty200Quality30IndexFund #SBIMF200Quality30Fund The New Fund Offer (NFO) will open on May 16, 2025, and close on May 29, 2025 Mumbai: SBI Mutual Fund has announced the launch of the SBI Nifty200 Quality 30 Index Fund, an open-ended scheme designed to replicate or track the Nifty200 Quality 30 Index. The New Fund Offer (NFO) will open on May 16, 2025, and close on May 29, 2025. The fund aims to offer investors exposure to 30 companies selected from the broader Nifty 200 index based on specific quality metrics. These include return on equity (ROE), financial leverage (debt/equity ratio), and earnings growth variability,…

16 May

GINGER BRINGS LEAN LUXE TO DEHRADUN

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#GINGERLUXEDEHRADUN Chandigarh: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of Ginger Dehradun. This new addition to the Ginger portfolio brings the brand’s signature lean luxe philosophy to the capital of Uttarakhand. Ms. Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL, said, “Ginger Dehradun reflects our focused approach to accelerating growth for the brand in high-potential markets. The mid-scale segment continues to see strong demand driven by rising domestic travel. Dehradun, with its mix of leisure, commercial activity as a state capital and presence of multiple educational institutions offers itself as…

16 May

L&T And Cloudfiniti forges Strategic Partnership with Deep-tech StartupQpiAI

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#LandTCloudfinitiStartupQpiAI Chandigarh: To revolutionise the quantum computing landscape globally, L&T- Cloudfiniti has forged a strategic partnership with Bengaluru-based deep-tech company QpiAI. The collaboration will focus on driving quantum computing workloads, including Quantum Computing as a Service (QCAAS), enabling scalable deployment of quantum solutions across domains. L&T-Cloudfiniti and QpiAI will explore collaborative opportunities under India’s National Quantum Mission. QpiAI is the company that has built Indus, India's most powerful 25-qubit quantum computer. Going forward, they will offer 256-qubit quantum computer, followed by a fault-tolerant quantum computer with 100 logical qubits, thus opening up large-scale commercial applications. Combining L&T’s industry leadership with…

15 May

TAJ LAKE PALACE, UDAIPUR IS NUMBER 1 GLOBALLY IN ‘ONE-OF-A-KIND HOTELS’ BY TRIPADVISOR

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#TajLakePalaceUdaipur Chandigarh: Taj Lake Palace, Udaipur has been ranked #1 globally in ‘One-of-a-Kind Hotels’ category by Tripadvisor’s Travelers’ Choice Best of the Best Awards 2025. Tripadvisor unveiled the category this year to honour the most unique and unforgettable stays that go beyond conventional hospitality. This recognition places the hotel in the top 1% globally based on traveller reviews and ratings. Mr. Ashok Rathore, Area Director – Rajasthan, IHCL said, “Taj, for over a century has been the custodian of India’s heritage and culture having restored some of the country’s most celebrated royal palaces that date back to the pre-independence era.…