Business Archives - Page 128 of 177

05 May

Indian Mutual Fund industry adds 3.5 lakh new unique investors in March

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

#IndianMFundsadds3.5lakh The industry has added 22 lakh new folios during the month Mumbai: The latest industry data shows that the MF industry added 3.50 lakh new unique investors in March 2025. With this increase, the number of unique investors in MFs increased from 5.39 crore in February 2025 to 5.43 crore in March 2025. This number grew by 97 lakhs in FY25. The industry also added 22 lakh new MF folios in March taking its total folio count to 23.45 crore. The industry added a record 5.66 crore folios during FY25. Here are other key data of the industry: AUM…

04 May

NFO: Mirae Asset MF launches equal weight ETF

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions

#MiraeMFequalweightETF The NFO opens on April 30 and closes on May 6 Mumbai: Mirae Asset Mutual Fund has launched Mirae Asset Nifty50 Equal Weight ETF, a smart beta fund focusing on equal weight strategy. The underlying benchmark for this fund is the Nifty50 Equal Weight Total Return Index (TRI). The Nifty50 Equal Weight TRI gives equal weightage to all Nifty 50 large cap companies, which reduces concentrated exposure to individual stocks. Each stock weight is around 2%. “The ETF seeks to capitalise on opportunities in large cap segment when market is driven by a wider set of companies typically during…

04 May

NPCI Bharat BillPay onboards Airtel Payments Bank for NCMC enabled RuPay On-The-Go cards as a biller on Bharat Connect

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#NPCIBharatBillPayAirtel Chandigarh: NPCI Bharat BillPay (NBBL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), has partnered with Airtel Payments Bank to enable recharges for the bank’s RuPay On-The-Go cards enabled with NCMC (National Common Mobility Card). With this integration on the Bharat Connect (BBPS) platform, users can conveniently top up their cards using any Bharat Connect-enabled apps. The NCMC program simplifies public transit across multiple cities in India. It offers travelers a seamless, hassle-free, and contactless experience on metros and buses with a single card. This integration aims to offer convenience to daily commuters by eliminating the…

04 May

Essar Energy Transition’s Hydrogen-Ready Furnace now Powering EET Fuels’ Stanlow Site

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#EssarEnergyEETFuels · UK’s-first hydrogen-ready furnace replacing three existing furnaces at Stanlow commissioned – reducing CO2 emissions by c. 16,600 tonnes per annum while using refinery off gas Chandigarh: EET Fuels (the trading name of Essar Oil (UK) Ltd), which plans to create the world’s leading low carbon process refinery, has successfully completed the installation and connection of its new hydrogen-ready furnace to the refinery system at its Stanlow site in Ellesmere Port, Cheshire. Following delivery at the Stanlow site in August 2022, the hydrogen-ready furnace is now fully operational and will be capable of running on 100% refinery off gas…

04 May

Mahindra Auto sells 52330 SUVs, a growth of 28% and 19% Up in April 2025

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#MahindraAutosells52330SUV Chandigarh: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of April 2025 stood at 84170 vehicles, a growth of 19%, including exports. In the Utility Vehicles segment, Mahindra sold 52330 vehicles in the domestic market, a growth of 28% and overall, 54860 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 22989. According to Veejay Nakra, President, Automotive Division, M&M Ltd., “Building on the strong momentum of last year's performance, we began the year on a strong note in April by achieving SUV sales of…

04 May

Cars Are the New Gold: Spinny Delivers 800+ Retail Cars Across India on Akshay Tritiya

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#SpinnyAkshayTritiya Bengaluru, Maharashtra, and Delhi lead festive deliveries; Baleno, Grand i10, and Kwid top the charts; SUVs and automatics see rising demand Chandigarh: Spinny, India’s leading used car retail platform, marked Akshay Tritiya 2025 with a record-breaking 800+ car deliveries in a single day across the country — symbolising a new era where cars are the new gold for Indian families embracing progress, prosperity, and new beginnings. Celebrated as an auspicious time for major purchases, Akshay Tritiya saw a surge in demand across key cities. Bengaluru, Maharashtra (Mumbai + Pune), and Delhi-NCR . Other major contributors included Ahmedabad and Chennai.…

04 May

AIR INDIA WINS GLOBAL RECOGNITION FOR EXCELLENCE IN INFLIGHT SERVICE AND ENTERTAINMENT

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#AIRINDIAGLOBALRECOGNITION Chandigarh, 02 May, 2025: Air India, India’s leading global airline, has won two prestigious international awards for its in-flight offerings. Vista Verve received the Gold Award for Business Class Meal Serviceware at the TravelPlus Airline Awards, while the airline’s in-flight entertainment system, Vista, was named Best IFEC South Asia 2025 at the PAX Readership Awards. Gold Award for Business Class Meal Serviceware at The TravelPlus Airline Awards 2025 At the esteemed TravelPlus Airline Awards held in Hamburg, Air India received the Gold Award for Business Class Meal Serviceware 2025. This accolade celebrates the airline's thoughtfully crafted Vista Verve dining…

03 May

India’s Total Exports Grow by 6.01% to Reach Record $824.9 Billion in 2024–25

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#IndiaExports825BillionUSD Up from $778.1 Billion in 2023–24:RBI Report New Delhi: India’s total exports have touched an all-time high of US$824.9 billion in the financial year 2024–25, as per the latest data released by the Reserve Bank of India on services trade for March 2025. This marks a growth of 6.01% over the previous year’s export figure of US$778.1 billion, setting a new milestone in the country’s trade trajectory. Services exports continued to drive the growth momentum, reaching a historic high of US$387.5 billion in 2024–25, up 13.6% from US$341.1 billion in the previous year. For March 2025, services exports stood…

03 May

BML Munjal University Celebrates Power, Progress, and Possibilities through its Women in Leadership Conference

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#BMLMunjalUniversity Chandigarh: BML Munjal University (BMU), a Hero Group initiative, hosted the third edition of its flagship Women in Leadership (WIL) Conference. Centered around the theme “Power, Progress, and Possibilities,” the event brought together gathering of leaders, experts, academicians, and young professionals to champion and celebrate women in leadership. Organized in partnership with the NHRDN Rewari-Alwar Chapter, the conference served as a dynamic platform for knowledge sharing, collaboration, and inspiration. The conference commenced with a welcome address by Ms. Swati Munjal, President of BML Munjal University, and opening remarks by Vice Chancellor Prof. Shyam Menon. Ms. Tanu Kashyap, Director General…

03 May

GIFT Nifty Sets an All-Time High Monthly Turnover of US $100.93 billion for April 2025

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#GIFTNiftyTurnoverUS100billion Chandigarh: GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving All-Time High Monthly Turnover of US $100.93 billion in the month of April 2025. This remarkable feat surpasses its previous record of US $100.7 billion set in September 2024. This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story. We are glad to witness the success of GIFT Nifty and express our sincere gratitude…