Technology Archives - Page 120 of 151

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)

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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

NEW PRIVATE SUBSCRIBERS UNDER NPS CROSS 12 LAKH DURING 2024-25

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#NPS12LAKHGrowth New Delhi: The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total subscriber number to over 165 lakh by March 2025. NPS Vatsalya , a scheme specifically designed for minors, introduced in September 2024 has registered over one lakh subscribers . The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 percent during 2024-25 to Rs 14.43 lakh crore by end-March 2025.

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

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

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

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…

22 Apr

Union Public Service Commission Announces Final Results of Civil Services Exam 2024

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#UPSCResults2024 New Delhi: Based on the result of the written part of Civil Services Examination, 2024 held by the Union Public Service Commission in September, 2024 and the interviews for Personality Test held in January-April, 2025, following is the list, in order of merit, of candidates who have been recommended for appointment to: Among the finally qualified candidates, the top five comprise three women and two men. Top Five Ms. Shakti Dubey (Roll No. 0240782) has secured the first position in the Civil Services Examination, 2024. She qualified the examination with Political Science & International Relations as her optional subject.…