Shares Archives - Page 81 of 97

24 Apr

Axis Bank reporting annual net profit of Rs. 26,373 crores, up 6% YOY

MFNewsBusiness, Shares, Technology

#AxisBanknetprofit26373crores CASA growth of 10% QOQ and total deposits growth of 7% QOQ Chandigarh: Axis Bank, announced its Q4FY25 and annual results today, reporting annual net profit of Rs. 26,373 crores, up 6% YOY as compared to profit of Rs. 24,861 crores in FY24. The Bank’s Net Interest Income (NII) grew 6% YOY to Rs 13,811 crores. Net Interest Margin (NIM) for Q4FY25 stood at 3.97% and grew 4 bps QOQ. CASA grew 10% QOQ with CASA ratio at 38% QAB basis. As on 31st March 2025, the Bank’s reported Gross NPA and Net NPA levels were 1.28% and 0.33% respectively as…

24 Apr

AIR INDIA RECEIVES GDP CERTIFICATION FOR CARGO BUSINESS

MFNewsBrands, Business, Health, Shares, Technology, Travel

#AIRINDIAGDPCERTICARGOBUSI SETTING NEW BENCHMARK IN PHARMA LOGISTICS Becomes the first Indian airline certified for Good Distribution Practices (GDP) Chandigarh: Air India, India’s leading global airline, has been awarded the Good Distribution Practices (GDP) certification for its Cargo business, reinforcing its commitment to delivering world-class logistics solutions for pharmaceutical products. Air India is the first and only Indian carrier, and among a few in Asia, to have achieved this global standard for excellence in handling, storage, and transportation of time and temperature-sensitive pharmaceutical shipments. The GDP certification validates Air India’s compliance with international guidelines for the safe and secure distribution of…

24 Apr

Neeraj Kumar Gupta (ex-IAS) joins NSE International Exchange as Chairman

MFNewsBusiness, Opinions, Shares, Technology

#NeerajGuptaNSEInternationalExchange Chandigarh: Neeraj Kumar Gupta (Ex-IAS) joins NSE International Exchange as Chairman and Public Interest Director, effective on 19th April 2025. The International Financial Services Centres Authority (IFSCA) has approved his appointment as Chairman & Public Interest Director (PID) on the Governing Board of NSE IX with effect from 1st April 2025. Neeraj Kumar Gupta is an accomplished and highly experienced retired Indian Administrative Service (IAS) officer (1982 Batch, UP Cadre). He retired as Secretary, Ministry of Finance (Department of Investment & Public Asset Management, Government of India) in 2018 and was re-appointed by the President of India as Central…

24 Apr

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

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Shares, Technology, Travel

#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)

MFNewsBrands, Breaking News, Business, Opinions, Shares, Technology, Travel

#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

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…

22 Apr

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

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

#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

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

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#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…