Business Archives - Page 135 of 176

24 Apr

NSDC and Rapido launch initiative to boost gig economy opportunities

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#NSDCRapidolaunchinitiative Chandigarh: National Skill Development Corporation (NSDC) and one of the India’s leading bike taxi aggregators Rapido today signed a Memorandum of Understanding (MoU) to facilitate skill development for gig workers. The partnership aims to bridge the gap between skilling and employability by integrating trained individuals into the gig economy, providing them with both part-time and full-time job opportunities. It will combine NSDC’s expertise and infrastructure in skilling and training with Rapido’s bike taxi fleet and network to provide sustainable earning opportunities for candidates, accompanied by access to vehicles, skill development programmes, and stable income prospects. Emphasising their shared commitment to…

24 Apr

SBI General Insurance PAT zooms at 112% YoY to Rs. 509 crores

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#SBIGeneralInsurancePAT509crores Topline (GDP) shows strong growth at 10.6 %, growing 1.7 times faster than the industry Chandigarh: SBI General Insurance, one of India’s leading general insurance companies, today announced its financial results for FY25, marking a milestone as the company completes 15 years of operations. Continuing its robust growth trajectory, the company reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YOY growth of 11.1%. Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 14.5% for FY25. SBI General Insurance has grown at 70% faster than the industry growth of 6.2%. Profit…

24 Apr

Paytm Money Introduces Reduced Interest Rates and Revised Brokerage for Pay Later (MTF)

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#PaytmMoneyMTF Paytm to Drive Affordability and Accessibility for Investors Chandigarh: Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a leading wealth-tech platform that simplifies wealth management and equity investments through a technology-first approach, has today announced new cost-effective interest rates and brokerage structure for its recently launched Pay Later (MTF - Margin Trading Facility) offering. With this, the platform hopes to drive affordability for both retail and high-value investors. The newly introduced slab-based interest rates, starting at 9.75% per annum (p.a.), down from the current flat 14.99% p.a., are based on funding book size. The platform has…

23 Apr

BHIM Launches UPI Circle with Partial Delegation to Enable Secure Payments by Trusted Users

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#BHIMUPICircle Users can delegate UPI access to five trusted contacts with real-time approval Chandigarh: NPCI BHIM Services Limited (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), today announced the launch of UPI Circle with partial delegation on the BHIM payments app. It is designed to empower users by enabling them to delegate UPI transaction capabilities to trusted individuals with defined controls and complete transparency. UPI Circle allows a primary user, the UPI account holder, to authorise up to five secondary users to initiate UPI payments from their account. Each transaction initiated by the secondary user…

23 Apr

Mutual fund industry AAUM rises 21% in March despite monthly dip: Analytics

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#MFAAUMrises21percentinMarch New Delhi: Equity-oriented growth schemes continued to dominate with a 53.72% share of total AAUM, followed by debt-oriented schemes (15.06%) and liquid schemes (13.21%), ICRA Analytics said. The Indian mutual fund industry’s average assets under management (AAUM) grew 21.32% year-on-year in March 2025, according to ICRA Analytics. However, AAUM dipped 1.25% from February 2025, reflecting a short-term decline across most categories. Only Gold ETFs and Other ETFs posted positive monthly growth, rising 89.88% and 15.06% respectively. The fall in AAUM was broad-based, affecting most scheme categories. Equity-oriented growth schemes continued to dominate with a 53.72% share of total AAUM,…

23 Apr

Vedanta Biggest Wealth Creator Among Top 100 Nifty Cos

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#VedantaBiggestWealthCreator · Vedanta’s 87% Total Shareholder Return is the highest among Nifty 50 & Nifty Next 50 companies in FY25. Chandigarh: Natural resources giant Vedanta Limited delivered a total shareholder return (TSR) of 87% in fiscal year 2025, creating significant shareholder wealth. This is the highest among the Nifty 50 and Nifty Next 50 companies. Other companies in the top five include pharma major Divi’s Laboratories at 69%, Bajaj Holdings at 52%, Bharat Electronics at 51%, and Interglobe Aviation with a 44% TSR. TSR is the number derived by calculating the total change in stock price and any dividends received…

23 Apr

YES BANK Q4 FY25 Results: Net profit surges 63% YoY to Rs 738 crore, NIM trends upward to 2.5%

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#YESBANKQ4FY25ResultsNetprofitsurges · Net Profit for Q4FY25 at INR 738 crore, up 63.3% YoY & 20.6% QoQ. FY25 Net Profit at INR 2,406 crore, up 92.3% Y-o-Y. Chandigarh: YES BANK, India’s sixth-largest private sector bank, has announced its Q4FY25 results, reporting a 63.3% YoY increase in net profit to INR 738 crore, alongside a 20.6% QoQ rise. The Bank’s operating profit increased to INR 1,079 crore, marking a 24.9% YoY and 10.6% QoQ improvement. For the full fiscal year FY25, the Net Profit reached ₹2,406 crore, demonstrating a robust growth of 92.3% over FY24. The Net Interest Income (NII) for Q4…

23 Apr

Poonawalla Fincorp Enters Consumer Durables Loans Market to Accelerate

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#PoonawallaFincorp Customer Acquisition and Unlock High-Yield Growth Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC focused on Consumer & MSME Lending, today announced the launch of its Consumer Durables Loans business. The company has also introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently. This launch marks the company’s strategic entry into a fast-growing, high-velocity segment of retail lending, strengthening its ability to build a deeper, more scalable retail franchise while enhancing profitability and lifetime customer value. ConsumerdurableloanspresentPFLwithastrategicopportunitytodrivefastercustomerfranchisegrowth through instant, point-of-sale loans and digital onboarding, enabling real-time customer…

22 Apr

Overall, direct plan constitutes 47% of the MF industry AUM

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#DirectInvestininMFindustry Investors Investing in direct Mode with SBI MF, ICICI Pru MF, HDFC MF Mumbai: An analysis of AUM data reveals that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of direct plan AUM. SBI MF commands the highest AUM of Rs. 5.98 lakh crore from direct plans. Direct plans constitute 56% of the fund house’s total AUM. Next is ICICI Prudential MF with the second highest AUM of Rs. 4.22 lakh crore from direct plans, constituting about 48% of the fund house’s AUM. HDFC MF is the third on the list…

22 Apr

Ultraviolette Launches iconic motorcycles F77 MACH 2 and F77 SuperStreet in Chandigarh

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#UltraviolettePortfolioatChandigarh ● Unveils two new products: ‘Tesseract’-World’s first radar integrated Electric Scooter and ‘Shockwave’- Motorcycle. Chandigarh: Ultraviolette, makers of the 'Fastest Indian Motorcycle', proudly announced the debut of its cutting-edge product range in Chandigarh today. With a strong presence across thirteen cities, this showcase marks yet another milestone in Ultraviolette’s remarkable journey and underscores its dedication to serving customers across India. Chandigarh will now be able to experience Ultraviolette’s technologically advanced and performance-driven two-wheelers that have long captivated customers across the country. As part of its commitment to enhancing customer service, Ultraviolette is also set to establish its state-of-the-art experience…