MFNews, Author at MFNews

23 Apr

Vedanta Biggest Wealth Creator Among Top 100 Nifty Cos

MFNewsBrands, Business, Opinions, Shares, Technology

#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%

MFNewsBrands, Business, Opinions, Shares

#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…

23 Apr

Poonawalla Fincorp Enters Consumer Durables Loans Market to Accelerate

MFNewsBrands, Business, Entertainment, Health, Opinions, Technology

#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

MFNewsBrands, Business, Entertainment, Technology, Travel

#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

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

MFNewsBrands, Breaking News, Business, Mutual Funds, Shares

#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…

22 Apr

On World Earth Day, Dabur Revives 24,000 KL Local Pond in Ghaziabad

MFNewsBrands, Entertainment, Health, Opinions, Travel

#WorldEarthDayDabur Moves Closer to Achieving Water Positivity Ghaziabad: Dabur India Limited, a leading name in natural and Ayurvedic healthcare, today announced the successful revival and rejuvenation of the Matawala pond and community well in Muradnagar block of Ghaziabad, Uttar Pradesh. The revived water body was dedicated to the community on World Earth Day today. The revival of this water body, which now has a capacity to collect and harvest over 24,570 KL of rainwater, was undertaken as part of Dabur's ongoing Corporate Social Responsibility (CSR) efforts and takes the company closer to its ambitious mission to become Water Positive by…

22 Apr

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

MFNewsBreaking News, Entertainment, Opinions, Technology

#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.…

22 Apr

Centre imposes 12% safeguard duty to shield Indian steel sector

MFNewsBusiness, Opinions, Shares, Stocks

#12percentdutyonsteelimports Relief for domestic producers amid surge in steel imports New Delhi: The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, welcomed the decision to impose a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products. This measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market. “This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help…

22 Apr

Gold Price: सोना हुआ 1 लाख रुपए प्रति तोला के पार, समय से पहले भरी उड़ान

MFNewsBreaking News, Business, Mutual Funds, Opinions

#GoldPricealltimeHigh #Goldat1lakhper10gram मुंबई: संभावित अनुमानों को पीछे छोड़ते हुए देश में सोना (Gold) एक लाख रुपए प्रति 10 ग्राम के पार पहुंच गया है। हालांकि, सोने की यह कीमत खरीदारी पर जीएसटी के साथ है। यह सोने की कीमतों का उच्चतम स्तर है। इसके साथ ही सोने की कीमतों को लेकर लगाए जा रहे सारे अनुमान सही साबित हुए हैं। दरअसल, कई नेशनल और इंटरनेशनल एक्सपर्ट्स ने गोल्ड पर एक लाख रुपये का टारगेट प्राइस दिए थे। हालांकि, इसके लिए समय सीमा इस साल के आखिरी तक की बताई थी। लेकिन, सोने ने इससे पहले ही यह जबरदस्त तेजी दिखा दी…