Business

PUNJAB’s NEW EXCISE POLICY 2025-26 GENERATE EXCISE REVENUE OF RS. 11020 CRORES, CABINET APPROVES
27 Feb

PUNJAB’s NEW EXCISE POLICY 2025-26 GENERATE EXCISE REVENUE OF RS. 11020 CRORES, CABINET APPROVES

MFNewsBreaking News, Business, Opinions
NEW POLICY AIMS TO GENERATE EXCISE REVENUE OF RS. 11020 CRORES WITH AN INCREASE OF 8.61% AS COMPARED TO LAST YEAR Chandigarh: The Punjab Cabinet led by the Chief Minister Bhagwant Singh Mann gave nod to the Excise policy 2025-26 which aims to collect excise revenue of Rs. 11020 crores during the financial year 2025-26, projecting an increase of Rs. 874.05 crores (8.61%) over the previous financial year’s targets. A decision to this effect was taken by the Council of Ministers in a meeting held under the chairmanship of the Chief Minister here at his official residence today. Disclosing this…
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EPFO: Rationalization of Validations and Partial Withdrawals through simplified processes
27 Feb

EPFO: Rationalization of Validations and Partial Withdrawals through simplified processes

MFNewsBreaking News, Business, Technology
EPFO reaffirmed its commitment to digital transformation and faster claim settlements and pension disbursements New Delhi: With the goal of providing ease of living for its members, EPFO is working on a plan for simplification of claim processing, including rationalization of validations for partial withdrawals. EC was also provided an update on the progress. A technical committee has recommended simplification of validations in Form 31 for advance withdrawals. EC decided that the reduction in unnecessary validations and the implementation of simplified partial withdrawals should be carried out in parallel with ongoing IT reforms. It was emphasized that these measures would significantly enhance…
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Swaraj in increasing women representation – growing from just 1.5% in 2013 to over 10% in 2024
27 Feb

Swaraj in increasing women representation – growing from just 1.5% in 2013 to over 10% in 2024

MFNewsBrands, Business, Technology
Udaiti Foundation Highlights Transformative Progress in Gender Diversity at Swaraj Tractors and Swaraj Engines Mohali: The Udaiti Foundation has released a study showcasing the remarkable strides made by Mahindra’s Swaraj Division and Swaraj Engines Limited (Swaraj) in fostering gender diversity on shop floors.  The study highlights the efforts of Swaraj in increasing women representation - growing from just 1.5% in 2013 to over 10% in 2024, thereby setting a benchmark for India’s tractor manufacturing sector.  Women employees have lower absenteeism and higher retention rates, contributing to enhanced productivity and operational efficiency, hence making a strong case for their inclusion in the…
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Bajaj Allianz Life Becomes the First Insurer to Go Live with Bima-ASBA Facility
27 Feb

Bajaj Allianz Life Becomes the First Insurer to Go Live with Bima-ASBA Facility

MFNewsBreaking News, Business, Health, Insurance, Technology
This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) Chandigarh: Bajaj Allianz Life, one of India’s leading private life insurers, has become the first insurer to go live with the BIMA- Application Supported by Blocked Amount facility (Bima-ASBA). This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) initiative to bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and…
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Pharmazz, Inc. showcased the groundbreaking potential of its lead drug, Sovateltide
26 Feb

Pharmazz, Inc. showcased the groundbreaking potential of its lead drug, Sovateltide

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Technology
#Sovateltide #Pharmazz #StrokeTreatment #Neuropharmacology #CriticalCare #DrugDiscovery #NIPERMohali #ProfAnilGulati #BrainHealth Mohali: In a landmark event highlighting the future of neurotherapeutics, Pharmazz, Inc., a biopharmaceutical company focused on critical care, showcased the discovery and clinical success of its novel stroke treatment drug, Sovateltide, at a two-day workshop organized by the Department of Pharmacology and Toxicology, NIPER, SAS Nagar (Mohali). The workshop, titled “Drug Discovery and Development in New Millennium - 4 (D3NM-4),” brought together leading researchers, students, and pharmaceutical professionals under the theme “Interfacing with Emerging Neuroprotective Strategies & Neuropharmacological Techniques.” Delivering the keynote address was Prof. Anil Gulati, Founder and CEO…
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NSE and Government of Assam sign MOU to skill youth in BFSI sector at Advantage Assam 2.0
26 Feb

NSE and Government of Assam sign MOU to skill youth in BFSI sector at Advantage Assam 2.0

MFNewsBreaking News, Business, Mutual Funds, Shares, Technology
This project will enhance employability and self-employment opportunities in the BFSI sector. Mumbai: National Stock Exchange (NSE), India’s leading stock exchange and the Government of Assam signed a Memorandum of Understanding (MoU) to implement a student skilling program for the youth of Assam in the Banking, Financial Services and Insurance (BFSI) sector at the Advantage Assam 2.0 Summit. Assam is the 4th state after Uttarakhand, Meghalaya and Chhattisgarh to partner with NSE on skilling youth. The MOU was exchanged between Shri Narayan Konwar, Secretary, Higher Education Department, Government of Assam and Shri Sriram Krishnan, Chief Business Development Officer, NSE, in…
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Tata Motors Launches Exclusive STEALTH Edition limited to just 2700 units
25 Feb

Tata Motors Launches Exclusive STEALTH Edition limited to just 2700 units

MFNewsBrands, Breaking News, Business, Technology, Travel
Tata Motors Launches Exclusive STEALTH Edition limited to just 2700 units Mumbai: Tata Motors, India’s leading SUV manufacturer, proudly celebrates 27 iconic years of the Tata Safari with the launch of the exclusive, limited STEALTH Edition—a bold and sophisticated embodiment of luxury, power, and exclusivity. Limited to just 2,700 units, this premium edition will be available in both the Harrier and Safari redefining exclusivity and finest SUV aesthetics. With sleek, monotone finishes leading the charge, this STEALTH lineup sparks a fresh wave of desirability showcasing the evolving customer preferences of owning a vehicle which is one its kind. With just…
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SEBI has issued consultation paper on technology-based measures to create secure trading environment
25 Feb

SEBI has issued consultation paper on technology-based measures to create secure trading environment

MFNewsBreaking News, Business, Shares, Stocks, Technology
to prevent unauthorized transactions in trading/demat account of investors Mumbai: SEBI has issued consultation paper on technology-based measures to create secure trading environment and to prevent unauthorized transaction in trading and demat account, on February 18, 2025. The said consultation paper is available on SEBI website. In continuation to the said consultation paper, stock exchanges shall be issuing detailed guidelines w.r.t. procedure, process and manner of implementation of the framework proposed in the said SEBI consultation paper. The draft guidelines on procedure & process on implementation is attached as Annexure – 1. In this regard all stakeholders are requested to…
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Auction for Sale (re-issue) of (i) ‘6.79% GS 2031’ (ii) ‘6.92% GS 2039’ and (iii) ‘7.09% GS 2054’
25 Feb

Auction for Sale (re-issue) of (i) ‘6.79% GS 2031’ (ii) ‘6.92% GS 2039’ and (iii) ‘7.09% GS 2054’

MFNewsBreaking News, Business
The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 28, 2025 (Friday) New Delhi: The Government of India (GoI) has announced the sale (re-issue) of (i) “6.79% Government Security 2031” for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method, (ii) “6.92% Government Security 2039” for a notified amount of ₹12,000 crore (nominal) through price based auction using multiple price method and (iii) “7.09% Government Security 2054” for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method. GoI will have…
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22nd EGM: IREDA Shareholders Approve up to ₹5,000 Crore Fundraising via QIP
25 Feb

22nd EGM: IREDA Shareholders Approve up to ₹5,000 Crore Fundraising via QIP

MFNewsBreaking News, Business, Technology
fundraising plan on January 23, 2025, which includes the dilution of the Government of India’s shareholding in the company by up to 7% post-issue equity New Delhi: Shareholders of Indian Renewable Energy Development Agency Ltd. (IREDA) have approved the company’s proposal to raise up to ₹5,000 crore through Qualified Institutions Placement (QIP) of equity shares, in one or multiple tranches. The approval was granted by the shareholders in favour of the resolution via remote e-voting during the 22nd Extra-Ordinary General Meeting (EGM) held today through video conferencing. The meeting was chaired by Shri Pradip Kumar Das, Chairman and Managing Director,…
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