Breaking News Archives - Page 124 of 133

06 Apr

Spice Money Academy Digital Training Equips 5.28 Lakh Adhikaris

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#SpiceMoneyAcademy Chandigarh: Spice Money (a subsidiary of DiGiSPICE Technologies), India’s pioneering rural fintech transforming the way Bharat banks, continues to bridge the financial literacy gap through its flagship learning platform, Spice Money Academy. Accessible via web and mobile app, the Academy empowers Adhikaris to operate as Non-Bank Business Correspondents (BCs) and has digitally trained 5,28,000 Adhikaris/Merchants, equipping them with essential skills and knowledge to facilitate seamless financial inclusion and digital transactions in the country’s most underserved regions. This initiative has driven a transformational impact to strengthen Adhikaris’ proficiency in providing financial inclusion products. This has led to a 6.9% growth…

05 Apr

NFO: ICICI Prudential MF launches EV and New Age Automotive fund FOF Close by 10 April

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#NFOICICIPrudentialMFEVFOF Mumbai: ICICI Prudential Nifty EV & New Age Automotive ETF subscription closing by 10 April, 2025. The open-ended Exchange-Traded Fund will be tracking the Nifty EV & New Age Automotive Index. The fund house is also introducing the ICICI Prudential Nifty EV & New Age Automotive ETF Fund of Funds (FOF), so that investors who don't have a Demat account too can participate in this scheme. "This launch provides investors with an opportunity to gain exposure to India’s rapidly expanding EV and new-age automotive sector, which includes electric two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, battery manufacturers, components, raw materials suppliers,…

04 Apr

Kotak MF launches Energy Opportunities Fund Open for Public Subscription

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NFO will be open for public subscription from April 3, 2025, to April 17, 2025 #KotakMFEnergyOpportunitiesNFO Chandigarh: Kotak Mutual Fund has launched the Kotak Energy Opportunities Fund, an open-ended equity scheme focused on the energy sector. The new fund offer (NFO) will be open for public subscription from April 3, 2025, to April 17, 2025. India's energy sector is projected to expand significantly over the next decade. Rising demand from industries such as electric vehicles, data centers, and urbanisation is driving this growth. India is also contributing to global energy research, including its role in France’s ITER nuclear fusion project.…

04 Apr

Groww MFund launches Nifty 500 Momentum 50 ETF, NFO is open from April 3 to April 17

MFNewsBreaking News, Business, Mutual Funds

#GrowwMFundNFO Chandigarh: Groww Mutual Fund has launched the Groww Nifty 500 Momentum 50 ETF, an open-ended exchange-traded fund (ETF) designed to track the Nifty 500 Momentum 50 Index. The New Fund Offer (NFO) is open for subscription from April 3 to April 17, 2025. The Nifty 500 Momentum 50 Index selects 50 stocks from the Nifty 500 based on their momentum score. This score is calculated using 6-month and 12-month price returns, adjusted for volatility. The index is rebalanced semi-annually to reflect changing market conditions and capture stocks with the strongest price momentum. Momentum investing follows the principle of buying stocks…

03 Apr

India Post Partners with Nippon India Mutual Fund to Enhance KYC Verification Services

MFNewsBreaking News, Business, Mutual Funds, Technology

#IndiaPostNipponIndiaMFKYC New Delhi: In a significant move to facilitate the Mutual Fund industry's customer onboarding process, Department of Posts (DoP) has signed a Memorandum of Understanding (MoU) with Nippon India Mutual Fund to provide door-to-door KYC verification services for their investors. This partnership aims to streamline the KYC process, ensuring convenience, security, and compliance for investors across India. The MoU (Memorandum of Understanding) was signed between Ms. Manisha Bansal Badal, General Manager, Business Development Directorate, Department of Post, and Mr. Sundeep Sikka Executive Director & Chief Executive Officer Nippon Life India Asset Management Ltd. India Post’s unparalleled reach, with a…

03 Apr

Profit Booking: Mutual funds sold equities worth over Rs 16,000 crore in last six sessions

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#ProfitBookingMFoffloaded equities Mumbai: Between March 20 and 28, mutual funds offloaded equities worth over Rs16,000 crore, which analysts attribute to profit booking following recent gains. Mutual funds have been net sellers in Indian equities over the past six sessions, as they capitalized on the recent market rally to book profits, experts said. Between March 20 and 28, mutual funds offloaded equities worth over Rs 16,000 crore, which analysts attribute to profit booking following recent gains. In contrast, they were net buyers earlier in the month, purchasing over Rs22,900 crore worth of equities between March 1 and 19. In March, benchmark…

03 Apr

Reliance breaks ground on first of 500 CBG plants in Andhra Pradesh, investing Rs. 65,000

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Plans to invest Rs. 65,000 crores in developing integrated CBG hubs in AP Kanigiri (Andhra Pradesh): Andhra Pradesh IT & Electronics Minister, Chairman of the Group of Ministers on Job Creation Mr. Nara Lokesh laid the foundation stone of the first Reliance Compressed Bio-Gas (CBG) plant at Kanigiri in Prakasam district in Andhra Pradesh, today. The project is being developed with a capital investment of Rs. 139 crores and is the first in a series of 500 projects involving a total capital outlay of Rs. 65,000 crores for AP. The plant will be developed with innovative technology and utilise Napier…

03 Apr

Tarriff War: Donald Trump announces 26% ‘discounted reciprocal tariff’ on India

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#TrumpreciprocaltariffIndia U.S. President held up a chart that indicated that India charged 56% tariffs “including currency manipulation and trade barriers” White House, USA: U.S. President Donald Trump on Wednesday (April 2, 2025) listed the high tariffs charged by India on American products as he announced reciprocal tariffs on countries across the board, declaring a 26% “discounted reciprocal tariff” on India. “This is Liberation Day, a long-awaited moment. 2nd April 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again. We are going…

02 Apr

एचडीएफसी म्यूचुअल फंड ने लॉन्च की व्हाट्सऐप बेस्ड इनवेस्टमेंट फेसिलिटी

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#HDFCMFTap2Invest चंडीगढ़: एचडीएफसी म्यूचुअल फंड ने Tap2Invest के नाम से एक नया व्हाट्सऐप-बेस्ड इनवेस्टमेंट प्लेटफॉर्म लॉन्च किया है, जो KYC-वेरीफाइड निवेशकों को केवल टैप करके म्यूचुअल फंड में निवेश करने की सुविधा देगा। HDFC Mutual Fund WhatsApp-based investment facility : एचडीएफसी म्यूचुअल फंड ने निवेशकों की सुविधा के लिए Tap2Invest नामक एक नया व्हाट्सऐप-बेस्ड इनवेस्टमेंट प्लेटफॉर्म लॉन्च किया है। यह इंडस्ट्री का पहला ऐसा फीचर है, जो KYC-वेरीफाइड निवेशकों को बिना टेक्स्ट टाइप किए, केवल टैप करके म्यूचुअल फंड में निवेश करने की सुविधा देता है। इस सेवा के जरिए निवेशक आसानी से एसआईपी शुरू कर सकते हैं या एकमुश्त…

01 Apr

$17.60 per hour New Minimum Wage In Ontario Effective October 1, 2025

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Student Minimum Wage In Ontario Also Increases to $16.60 per hour Toronto/Chandigarh: On April 1, 2025, Ontario announces a significant update that’s set to impact workers across the province: a new minimum wage increase of 40 cents, effective October 1, 2025. This adjustment, raising the general minimum wage to $17.60 per hour, reflects the provincial government’s ongoing efforts to ensure fair pay amid rising living costs. Aimed at supporting low-income earners, this 2.33% hike aligns with the Ontario Consumer Price Index (CPI) and signals a commitment to keeping wages in step with inflation. But this isn’t just about numbers—it’s about people.…