Breaking News Archives - Page 126 of 133

28 Mar

Ardee Engineering Limited files DRHP with SEBI to raise Rs. 580 crore

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

#ArdeeEngineeringLimitedIPO Chandigarh: Ardee Engineering Limited, an integrated design, engineering and manufacturing company having three primary business lines - pre-engineered buildings (PEB), material handling systems (MHS) and engineering services has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs. 580 crore through an initial public offering (IPO). According to the DRHP, the Initial Public Offering of the Hyderabad headquartered company consists of a Fresh Issue of equity shares aggregating up to Rs. 500 crore and an Offer for Sale of equity shares aggregating up to Rs. 80 crore by the Promoter Selling Shareholder, Chandra Sekhar…

28 Mar

अब म्यूचुअल फंड में महिलाएं पुरुषों से ज्यादा निवेश कर रहीं: एम्फी-क्रिसिल की रिपोर्ट

MFNewsBreaking News, Business, Mutual Funds, Opinions, Technology

One In Four Unique Mutual Fund Investors In India Is A Woman, Says AMFI-Crisil Report #WomanInvestorMF #WomenInvestorMFAMFICrisil महिलाओं की हिस्सेदारी बढ़कर एक चौथाई हुई, एयूएम 11 लाख करोड़ के पार Mumbai मुंबई: म्यूचुअल फंड में निवेश करने वाले कुल इन्वेस्टर में महिलाओं की हिस्सेदारी एक चौथाई यानी 25% हो गई है। वहीं, इंडिविजुअल इन्वेस्टर एसेट में महिला निवेशकों की हिस्सेदारी एक-तिहाई पहुंच गई है। इसका मतलब यह कि महिलाएं पुरुषों के मुकाबले ज्यादा निवेश कर रही है। एसोसिएशन ऑफ म्युचुअल फंड्स इन इंडिया (AMFI) और क्रिसिल की रिपोर्ट के मुताबिक महिला निवेशकों का एसेट अंडर मैनेजमेंट (AUM) मार्च 2019 में 4.59…

28 Mar

41% of First-Time Borrowers Are Gens Z According to TransUnion CIBIL’s Latest CMI Report

MFNewsBrands, Breaking News, Business, Opinions, Technology

#GensZCreditTransUnionCIBILCMI Report #UnionCIBILCMI Report Chandigarh: India’s retail credit growth continued to moderate in the quarter ending December 2024, particularly among New-to-Credit (NTC)1 consumers. This was most evident for consumption-led credit products originated by NTC consumers, which saw a 21% year-over-year (YoY) decline in loan originations, compared to a decline of 2% for consumers with existing credit. Consumption-led products are defined as credit cards, personal loans and consumer durable loans. Originations are a measure of new accounts opened and are driven by both consumer demand and lender supply. Lenders’ cautious approach to the origination of consumption-led credit products disproportionately affected NTC…

27 Mar

RBI Executive Director Shri Vivek Deep launches BHIM 3.0

MFNewsBreaking News, Business, Shares, Technology, Travel

#RBIlaunchesBHIM3.0 #RBIBHIM3.0 The launch took place in the presence of Shri Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director, NPCI New Delhi: The Reserve Bank of India (RBI) Executive Director Shri Vivek Deep launched NPCI BHIM Services Limited’s BHIM 3.0 in the presence of Mr. Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director, NPCI and senior leaders from the banking and fintech industry. BHIM 3.0 represents its third evolution since its launch in 2016 by Prime Minister Narendra Modi. BHIM 3.0 now offers: · More Languages – Available in 15+ Indian languages for better accessibility · Works in Low Internet…

27 Mar

Bandhan Mutual Fund Reimagines Systematic Withdrawal Plan as ‘#Salary Wala Plan’ with its New IAP Campaign

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#SalaryWalaPlan #BandhanMFSalaryWalaPlan Chandigarh: Bandhan Mutual Fund unveils #Salary Wala Plan, an IAP campaign that reimagines “Systematic Withdrawal Plan” (SWP) as a structured, salary-like income stream—helping investors to generate a regular cash flow from their own mutual fund investments while allowing the remaining corpus to stay invested. This campaign aims to raise awareness around SWP, encouraging investors to see it as a smart and accessible way to create a pipeline of cashflow post-retirement. Vishal Kapoor, CEO, Bandhan AMC, shares, “While SIPs have gained widespread acceptance as a disciplined way to invest, SWPs remain underutilised as a strategy to sustain financial independence. Through…

27 Mar

Punjab Unveils Transformative Budget for FY 2025-26: Rs 2,36,080 crore allocated

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- Deploying 5,000 home guards alongside the BSF to fortify national security -Fastest Response Time: Punjab's 112 emergency response service to boast fastest response time in India Chandigarh: The Punjab Government, under the leadership of Chief Minister Bhagwant Singh Mann, unveiled its transformative budget for the financial year 2025-26, marking a historic milestone in Punjab's progress. With an unprecedented allocation of Rs 2,36,080 crore, the "Badlda Punjab" budget reflects the state's commitment to social reform, infrastructure development, and public welfare. Presented by Finance Minister Advocate Harpal Singh Cheema in the Punjab Assembly today, this budget highlights a multifaceted approach towards addressing…

25 Mar

81% of Indians Underestimate Their Life Cover Needs: Bajaj Allianz Life Survey

MFNewsBreaking News, Business, Insurance, Opinions, Technology

#BajajAllianzLifeSurvey2025 · The actual coverage held by Indians was just 3.1 times their income, significantly below the industry-recommended 10x benchmark. · 1 in 3 Indians have never reviewed their life insurance coverage, even after major life events like marriage, childbirth, or income growth. · Despite inadequate coverage, 82% of Indians are confident that their life insurance will sufficiently secure their family's financial future Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has released a comprehensive study titled ‘Underinsurance Survey 2025’, conducted in collaboration with NielsenIQ. The survey covered 2,000 individuals across metro, tier 1, and tier…

25 Mar

From May 1 Pay More ATM withdrawal fees, RBI hikes higher charges

MFNewsBreaking News, Business, Technology

#May1PayMoreATMRBI New Delhi: The Reserve Bank of India (RBI) has announced an increase in interchange fees on ATM withdrawals, making cash withdrawals more expensive from May 1, according to a report by Doordarshan News. This change will impact frequent ATM users, leading to higher withdrawal costs. An ATM interchange fee is the amount one bank pays another for facilitating ATM transactions. Banks typically pass this cost on to customers. For example, if a customer of HDFC Bank withdraws money from an SBI ATM in Delhi, HDFC Bank may charge a fee after the third transaction at an SBI ATM in…

25 Mar

MF: Aditya Birla Sun Life Mutual Fund unveils campaign to push SIP awareness

MFNewsBreaking News, Business, Mutual Funds

The campaign aims to encourage investors to adopt structured financial planning for their future goals #ABSLAMCSabseImportantPlan New Delhi: Aditya Birla Sun Life AMC (ABSLAMC) has launched the 'Sabse Important Plan' (SIP) campaign to highlight the importance of systematic investment plans (SIPs). The campaign aims to encourage investors to adopt structured financial planning for their future goals. The first ad shows Saini, a regular office goer dreaming about opening a chain of café’s in “Khayali Pulao” style while the other shows Simran, a working professional dreaming about traveling the world in “Hawai Baatein” style. However, in both cases, it dawns on…

25 Mar

Not considering holding exams for investors to test suitability for F&O trading: SEBI

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#F&OTradingSEBI #SEBIF&OTradingTest Mumbai: The market regulator is not considering conducting exams for investors to determine their eligibility for trading in futures and options (F&O), said the Securities and Exchange Board of India's Whole-time Member (WTM) Ananth Narayan. Narayan was answering a question on the subject at a press conference following a SEBI board meeting on March 24. He said, "Are we specifically looking at anything (as entry barriers like the National Institute of Securities Markets (NISM) exams for investors) at this point in time? No." This confirmed a report by Moneycontrol that was published following reports that such an exam…