Technology

13 Jun

Gold Prices Breach ₹1 Lakh Mark on MCX for First Time Ever

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#Gold #GoldPrice #Gold1lakh Geopolitical tensions, weak rupee, and global safe-haven demand drive record rally Mumbai: Gold prices in India soared to an all-time high on Friday, crossing the historic ₹1 lakh per 10-gram level on the Multi Commodity Exchange (MCX) for the first time. The sharp rally reflects a perfect storm of international and domestic economic factors, including geopolitical instability, currency depreciation, and heightened demand for safe-haven assets. 🔺 Prices Hit ₹1,00,403 in Early Trade Domestic gold futures rose by over 2% in morning trade, peaking at ₹1,00,403 per 10 grams. This psychological breakthrough comes amid increasing investor concern over…

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13 Jun

NPCI and IDRBT Sign MoU to Jointly Advance Payment Security and Cyber Resilience

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#NPCI  #NPCIIDRBTMoU #NPCIAdvancePaymentSecurity  #CyberResilience Chandigarh: National Payments Corporation of India (NPCI) and The Institute for Development and Research in Banking Technology (IDRBT) have signed a Memorandum of Understanding (MoU) to collaborate on initiatives that aim to strengthen the cyber security and resiliency across India’s digital payment ecosystem. As part of the agreement, the two organisations will jointly conduct targeted training programmes for tech and cyber professionals in the banking and digital payment services sector. These programmes will focus on key areas such as cyber security, resiliency and data privacy. The partnership will also lead to the development of an exclusive…

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13 Jun

Bank of Baroda Implements Broad-Based MCLR Cut

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#BankofBaroda #BOBMCLRCut Chandigarh/Ludhiana: Bank of Baroda (Bank), one of India’s leading public sector banks, has announced a reduction in its Marginal Cost of Funds Based Lending Rate (MCLR), effective June 12, 2025. The revised rates will apply to new as well as existing loans linked to the MCLR benchmark. The Bank has reduced MCLR by 5 basis points across tenors from One Month to One Year. The new rates are as follows: Tenor Existing MCLR (%) Revised MCLR (%) w.e.f. June 12, 2025 Overnight 8.15 8.15 One Month 8.35 8.30 Three Months 8.55 8.50 Six Months 8.80 8.75 One Year…

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12 Jun

Bandhan Mutual Fund Relocates Branch Office in Pune

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#BandhanAMC  #BandhanAMCPune Pune: Bandhan AMC Limited (Bandhan AMC) has relocated its branch office in Pune to help serve investors and mutual fund distributors (MFDs) better. The branch office is located at First Floor, Signature Building, Above ICICI Bank, Bhandarkar Road, Pune - 411004. The relocated branch in Pune will include a fully equipped meeting cum training room which aims to enhance its customer service and investor awareness activities in Pune. Talking about the branch relocation, Mr. Vishal Kapoor, CEO, Bandhan AMC said that, “Pune has been a high-growth market for us, and we are happy to have received strong feedback and…

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12 Jun

NSE Academy collaborates with ACAMS to strengthen Anti Money Laundering education in India

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#NSEAcademyACAMS #NSEstrengthenAntiLaunderingeducation #NSEIndia Chandigarh: NSE Academy Limited (NAL), a subsidiary of the National Stock Exchange of India Ltd., has partnered with ACAMS, the largest international membership organization for Anti-Financial Crime professionals, to offer a range of certification courses designed to equip participants to effectively prevent financial crime and ensure compliance with regulatory standards. Together, NSE Academy Limited and ACAMS will provide training for Certified Anti-Money Laundering Specialist (CAMS) Certification in addition to offering certificate courses in AML frameworks. CAMS will deliver comprehensive insights into AML, risk assessment, and current regulations, equipping professionals to excel and contribute to a safer financial…

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12 Jun

Jana Small Finance Bank Applies to RBI for Universal Banking License

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#JanaSmallFinanceBank #JanaSFBankAppliestoRBI #JanaSFBankBankingLicense Chandigarh: Jana Small Finance Bank (Jana SFB), one of India’s leading small finance banks, is pleased to announce that it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank. This strategic move marks a significant milestone in Jana Bank’s growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking. Over the past several years, Jana SFB has successfully built a strong retail and MSME franchise, expanded its digital and physical footprint across the country, and consistently delivered on key financial and governance metrics. “Applying…

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11 Jun

NFO: ICICI Prudential Mutual Fund Unveils Two New Funds Tracking Nifty Top 15 Equal Weight Index

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#NFO #ICICIPrudentialMutualFund #ICICIPRUNiftyTop15  #ICICIPRUEqualWeightIndexFund Mumbai: ICICI Prudential Mutual Fund has launched two new passive investment schemes — the ICICI Prudential Nifty Top 15 Equal Weight ETF and the ICICI Prudential Nifty Top 15 Equal Weight Index Fund — offering investors a unique opportunity to gain exposure to India's top-performing large-cap companies through a diversified, rules-based approach. The New Fund Offer (NFO) for both schemes opened on June 10 and will remain available until June 24, 2025. Equal Weight Strategy for Balanced Exposure Both funds track the Nifty Top 15 Equal Weight Total Return Index (TRI), which includes the top 15…

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11 Jun

NFO: Star Union Dai-ichi Life with Policybazaar to offer SUD Life NIFTY Alpha 50 Index Pension Fund

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#NFO #StarUnionDaiichiLife  #Policybazaar #SUDLifeNIFTYFund #StarUniDaiPensionFund  #Alpha50IndexPensionFund #PensionFund Chandigarh: Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) has partnered with Policybazaar to offer SUD Life NIFTY Alpha 50 Index Pension Fund, a new, high-potential equity fund designed for its ULIP Pension product, SUD Life Pension Plus. This innovative fund is set to empower customers by offering a strategic avenue for long-term wealth creation, aiming to deliver superior returns that can significantly bolster their retirement savings and help build a more resilient financial future. SUD Life NIFTY Alpha 50 Index Pension Fund brings a focused approach to long-term wealth creation by…

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11 Jun

Uber Reserve bookings nearly triple on year as more Indians use journey planning option

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#Uber #UberReservebookings  #UberRBtriple  #UberIndia Chandigarh: Uber today released key 2024 trends for Uber Reserve, its pre-scheduled ride option, showing a sharp rise in usage across Indian cities as more riders explore the advance-travel-booking feature. With bookings growing close to 200% year-on-year, Reserve is becoming the preferred choice for riders looking for reliability, especially for odd-hour airport trips, festival travel, and business commutes. Nearly one in four airport drop-offs now happen via Reserve, showing growing demand for certainty when timing matters most, with Delhi, Bangalore, Mumbai, Hyderabad, and Chennai leading in usage. Airport drop-offs were the primary use case for Reserve…

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11 Jun

TANISHQ HONOURED WITH DIAMONDS DO GOOD AWARD FOR EXEMPLARY PURPOSE-DRIVEN LEADERSHIP

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#TANISHQ  #TANISHQDIAMONDSDOGOODAWARD #DIAMONDSDOGOODAWARD #TANISHQLEADERSHIP The prestigious award recognizes Tanishq & Mia by Tanishq’s leadership in ethical sourcing, community upliftment, and sustainability in the natural diamond industry Chandigarh: Tanishq and Mia by Tanishq, leading jewellery brands from the House of Tata, are proud to be honored with the Diamonds Do Good Purpose-Driven Business Leadership Award at the prestigious Diamonds Do Good Awards 2025, held in Las Vegas. The award was received by Mr. Ajoy Chawla, CEO, Jewellery Division, Titan Company Ltd on behalf of Tanishq and Mia by Tanishq.  The award acknowledges the brands’ exemplary leadership in embedding ethics, sustainability, and community…

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