Business Archives - Page 136 of 176

22 Apr

MF NFO: SBI Mutual Fund launches Income Plus Arbitrage Active FOF

MFNewsBrands, Breaking News, Business, Mutual Funds, Shares

#NFOSBIMFOF #FIncomePlusArbitrageActiveFOF The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025. Chandigarh: SBI Mutual Fund has launched the SBI Income Plus Arbitrage Active Fund of Fund (FOF). This is an open-ended fund that invests in a mix of actively managed debt-oriented and arbitrage mutual fund schemes. The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025. The scheme follows a Fund of Fund structure. It will invest in mutual fund schemes of SBI Mutual Fund and/or other mutual funds. The investment objective is to generate regular income and capital…

22 Apr

Centre imposes 12% safeguard duty to shield Indian steel sector

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#12percentdutyonsteelimports Relief for domestic producers amid surge in steel imports New Delhi: The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, welcomed the decision to impose a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products. This measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market. “This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help…

22 Apr

Gold Price: सोना हुआ 1 लाख रुपए प्रति तोला के पार, समय से पहले भरी उड़ान

MFNewsBreaking News, Business, Mutual Funds, Opinions

#GoldPricealltimeHigh #Goldat1lakhper10gram मुंबई: संभावित अनुमानों को पीछे छोड़ते हुए देश में सोना (Gold) एक लाख रुपए प्रति 10 ग्राम के पार पहुंच गया है। हालांकि, सोने की यह कीमत खरीदारी पर जीएसटी के साथ है। यह सोने की कीमतों का उच्चतम स्तर है। इसके साथ ही सोने की कीमतों को लेकर लगाए जा रहे सारे अनुमान सही साबित हुए हैं। दरअसल, कई नेशनल और इंटरनेशनल एक्सपर्ट्स ने गोल्ड पर एक लाख रुपये का टारगेट प्राइस दिए थे। हालांकि, इसके लिए समय सीमा इस साल के आखिरी तक की बताई थी। लेकिन, सोने ने इससे पहले ही यह जबरदस्त तेजी दिखा दी…

22 Apr

EPFO Adds 16.10 Lakh Net Members during February 2025

MFNewsBreaking News, Business, Insurance, Opinions, Technology

#EPFOAdds16LakhMembers 7.39 Lakh New Members Enrolled with EPFO New Delhi: The Employees' Provident Fund Organization (EPFO) has released provisional payroll data for February 2025, revealing a net addition of 16.10 lakh members. The year-on-year analysis reveals a growth of 3.99% in net payroll additions compared to February 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives. Key highlights of the EPFO Payroll Data (February 2025) are as follows: New Subscribers: EPFO enrolled around 7.39 lakh new subscribers in February 2025. This addition of new subscribers can be attributed to growing employment opportunities,…

21 Apr

JSW ENERGY BREAKS GROUND ON 1600 MW ULTRA SUPERCRITICAL THERMAL POWER PLANT IN SALBONI, WEST BENGAL

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#JSWEnergy Chandigarh: JSW Energy Limited, a leading private-sector power producer in India and a part of the $24 Billion JSW Group, today commenced construction of its state-of-the-art 1,600 MW (2x800 MW) ultra supercritical thermal power plant in Salboni, West Bengal. The groundbreaking ceremony was graced by the Hon'ble Chief Minister of West Bengal, Ms. Mamata Banerjee, along with JSW Group Chairman Mr. Sajjan Jindal, JSW Foundation Chairperson Ms. Sangita Jindal, and Mr. Parth Jindal of the JSW Group, as well as other dignitaries from the government. This ₹16,000 crore project is Company’s largest greenfield project till date. The plant is…

20 Apr

Suzlon secures a 100.8 MW Wind Order from Sunsure Energy

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#SuzlonSunsureEnergy Chandigarh: Suzlon is accelerating renewable energy adoption among large corporations through Independent Power Producers (IPPs), supporting India's clean energy transition and the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. Strengthening this commitment, Suzlon has secured a 100.8 MW EPC wind power order from Sunsure Energy, marking their maiden foray into wind energy. The project is set to be executed in Maharashtra’s Jath region. Under this agreement Suzlon will supply 48 state-of-the-art S120 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 2.1 MW capacity. It will supply the wind turbines,…

20 Apr

Tata Steel Tubes Division Crosses One Million Tonne Milestone in FY25

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#TataSteelTubesMilestone ~ Positions Tata Steel as the most diversified tubes manufacturer in India ~ Chandigarh: Tata Steel’s Tubes Division has crossed a significant milestone of one million tonnes of production and sales in FY25, making Tata Steel the most diversified tubes player in the country. With applications ranging from large-scale construction, infrastructure projects, including metros, airports, and railways, to industrial ventures such as warehouses, Tata Steel Tubes continues to set industry standards. Its products cater to a wide array of sectors, including the automotive industry, serving both two-wheeler and four-wheeler manufacturers, the oil and gas sector, and various retail applications…

20 Apr

Knowledge transfer and technology sharing are key pillars to collective growth

MFNewsBrands, Business, Opinions, Technology

#Knowledgetransfercollectivegrowth Chandigarh: Africa’s largest tech and startup show, GITEX provided a platform for policy leaders, changemakers and visionaries to collectively discuss and deliberate on the opportunities to collaborate and further the imperative of inclusive and equitable growth of the global economy. India, where the pace of digitalization is higher relative to some other developing economies, with established open-source Digital Public Infrastructure systems, have the potential to catalyze speed of digitalization in other developing countries seeking to develop such systems through collaboration and knowledge sharing. Also, India has is a key resource talent hub for AI professionals leading the way with…

20 Apr

Mahindra Tractors flags off ‘Ashwamedh’ as part of its Nationwide ‘Rag Rag Laal Hai’

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#MahindraTractorsAshwamedh #RagRagLaalHai Campaign to Commemorate Four Decades of Market Leadership Chandigarh: Mahindra Tractors, a part of the Mahindra Group and the world’s largest tractor manufacturer by volume, today flagged off ‘Ashwamedh’ – a key initiative as part of its inspiring national campaign ‘Rag Rag Laal Hai’. This campaign marks four decades of Mahindra’s unmatched leadership in the Indian tractor industry and its enduring commitment to the nation’s farmers. The campaign commenced with a ceremonial flag-off from Mahindra’s mother plant in Nagpur, where six specially designated tractors, began a symbolic and spirited journey. Over the course of 45 days, the Ashwamedh…

19 Apr

Jio Financial Services Limited AUM crosses Rs. 10,000 crore, FY25 PPoP at Rs. 1,594 crore

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#JioJFSLAUMcrossesRs10000crore Mumbai: The Board of Directors of Jio Financial Services Limited (“JFSL”), at its meeting held in Mumbai today, approved the audited ﬁnancial results for the fourth quarter and ﬁnancial year ended March 31, 2025. Consolidated ﬁnancial highlights for the ﬁnancial year ended March 31, 2025, were as follows: ● Assets under Management (AUM) of Jio Finance Ltd. (JFSL’s NBFC subsidiary) stood at Rs. 10,053 crore as of March 31, 2025, up from Rs. 173 crore as of March 31, 2024, and Rs. 4,199 crore as of December 31, 2024. ● Income from Business Operations stood at Rs. 349 crore.…