Shares Archives - Page 86 of 97

09 Apr

11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

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

#NiftyIndicesJapanKorea Mumbai: In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index. Sl. No. Issuer Name Country Index Name 1 Amundi Asset Management Japan Nifty 50 2 Asset Management One Japan Nifty 50 3 Asset Management One Japan Nifty Midcap 50 4 au Asset Management Corporation Japan Nifty 50 5 Daiwa Asset Management Co. Ltd.…

09 Apr

Poonawalla Fincorp Launches Shopkeeper Loan Business

MFNewsBusiness, Mutual Funds, Shares, Technology

Enabling small retailers and kirana stores with accessible funding to meet evolving business needs Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has today announced the launch of its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies. Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions. Commenting on the launch, Mr. Arvind…

08 Apr

IPO: boAt files draft papers via confidential pre-filing route for Rs 2,000 Cr

MFNewsBrands, Business, Entertainment, Shares, Stocks, Technology

#IPOboAt2000cr Mumbai: Established in 2013 by Aman Gupta and Sameer Mehta, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. Established in 2013 by Aman Gupta and Sameer Mehta, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. Imagine Marketing Ltd, the parent firm of electronics and lifestyle brand boAt, on April 8 announced it has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) via a confidential pre-filing…

08 Apr

Integration of ION Mobility’s assets and IP for TVS Motor’s EV footprint in SE Asian markets

MFNewsBrands, Business, Shares, Technology, Travel

#TVSMotorEV Chandigarh: TVS Motor Company (TVSM), a leading global manufacturer of two and three-wheelers, is set to strengthen its electric vehicle (EV) presence in Southeast Asia through the integration of ION Mobility’s assets, intellectual property, and talent into its operations. Southeast Asia represents one of the world’s fastest-growing regions for motorbike usage, offering a significant opportunity for expansion. TVSM has been a strategic investor in ION Mobility, a full-stack EV company known for its robust in-house capabilities across industrial and product design, mechanical and electrical engineering, embedded and power electronics, firmware, software, and supply chain solutions. This integration, combined with…

08 Apr

Jio Finance Limited forays into Digital Loan Against Securities

MFNewsBreaking News, Business, Opinions, Shares, Technology

#JioFinanceDigitalLoan Customers can get loans of up to Rs. 1 crore in just 10 minutes through the JioFinance AppMumbai: Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited, has introduced fully digital Loan Against Securities (LAS) for its customers. The LAS oﬀering from JFL is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates, all within just ten minutes through a completely digital process. Available through the JioFinance app, a one-stop destination for seamless and digital-ﬁrst ﬁnancial services, LAS – comprising Loan…

08 Apr

Nifty near 22,400, Sensex jumps 750 points; all sectors in green, broader markets shine

MFNewsBreaking News, Business, Shares, Stocks, Technology

#NiftySensexjumps Mumbai: Indian markets opened with a sharp spurt in trade on April 8, leading Nifty 50 and Sensex to gallop over one percent as bulls took over the reins. However, during the first hour of trade, the benchmarks gave up a portion of their gains, as caution weighed. At 10:20 am, the Sensex was up 751.50 points or 1.03 percent at 73,889.52, and the Nifty was up 255.10 points or 1.15 percent at 22,416.40. About 2534 shares advanced, 560 shares declined, and 115 shares unchanged. The broader markets outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 jumping…

07 Apr

Govt increases Excise duty by Rs 2 each on petrol, diesel, No impact on Consumer

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The excise duty on petrol has now been increased to Rs 13 and to Rs 10 on diesel New Delhi: The government has increased the excise duty on petrol and diesel by Rs 2 each amid a sharp fall in global oil prices. The excise duty on petrol has now been increased to Rs 13 and to Rs 10 on diesel. https://twitter.com/PetroleumMin/status/1909186067334361590 According to the latest notification by the Department of Revenue, Ministry of Finance, the change will come into force on 8th April, 2025. However, there will be no burden on the common man as the Ministry of Petroleum…

07 Apr

SEBI allowed registered investment advisers to advertise their performance

MFNewsBrands, Business, Mutual Funds, Opinions, Shares, Technology

#SEBIRIAPerformance Mumbai: In A big move SEBI has allowed registered investment advisers (RIAs) to advertise their past performance. However, they will have to validate their past performance through the SEBI recognised Past Risk and Return Verification Agency (PaRRVA), a credit rating like agency for RIAs. So far, RIAs were prohibited from making a reference to their past performance in their advertisements. In its circular, SEBI said, “In order to enable IAs and RAs to avail the services of PaRRVA and make claims in their advertisements using risk-return metrics verified by PaRRVA, it has been decided to amend the above-mentioned clauses…

07 Apr

Axis Bank first to go live with a Fortune 500 company on NBBL’s Bharat Connect

MFNewsBusiness, Shares, Technology

#AxisBankFortune500NBBL Chandigarh: Axis Bank, one of the largest private sector Banks in India, today announced that it has partnered with a Fortune 500 company in India to provide B2B collections utilising NBBL’s Bharat Connect (Erstwhile BBPS). With this, Axis Bank becomes the first Bank to go live in implementing this pioneering solution, leveraging its best-in-class, robust API stack. The solution can integrate multiple ordering applications across sectors; FMCG, Pharma, Automotives, Healthcare facilitating collections for the company’s wholesale distributors, stockists. Retailers can initiate invoice payments directly from the application. As the Biller Operating Unit capable of offering this unique service, Axis…

07 Apr

Godrej Enterprises Group collaborates with EOS to Advance 3D printing capabilities for Aerospace Manufacturing in India

MFNewsBrands, Business, Shares, Technology, Travel

3D printing can cut material use by 70-80% and processing time by up to 80% Chandigarh: The Aerospace business of Godrej Enterprises Group, is strengthening its commitment to India's self-reliance vision through signing of a significant Memorandum of Understanding (MoU) with the EOS, a global leader in industrial 3D printing solutions, to develop a state-of-the-art Additive Manufacturing (AM)-based manufacturing ecosystem focused on the Indian aviation and space industries. This collaboration represents a critical step in India's technological evolution, enabling the transformation of complex manufacturing processes and positioning the country as a global leader in aerospace innovation. The partnership aims to transform…