MFNews, Author at MFNews

18 Feb

Airtel Payments Bank reports revenue growth of Rs. 700 crore in Q3 FY25, up 49% YoY

MFNewsBusiness, Shares, Technology

Airtel Payments Bank reports revenue growth of Rs. 700 crore in Q3 FY25, up 49% YoY Chandigarh: Airtel Payments Bank today announced its consolidated results for the third quarter ended on 31 December 2024, marking record growth with quarterly revenue crossing Rs. 700 crore, up by 49% YoY. The Bank’s net profits stood at Rs. 18.5 crore, up by 70% YoY and the EBITDA grew by 66% YoY to INR 87 crore in Q3 FY25. During the quarter, the Bank’s Monthly Transacting Users (MTU) exceeded well above 100 million, up by 62% YoY. The annualised gross merchandise value (GMV) close…

17 Feb

Bajaj Finserv AMC Launches ‘Bajaj Finserv Multi Cap Fund’

MFNewsBusiness, Mutual Funds

The Bajaj Finserv Multi Cap Fund will use a contrarian strategy, going against popular sentiment to identify untapped and undervalued opportunities Chandigarh: Bajaj Finserv AMC has announced the launch of Bajaj Finserv Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks. The fund opens for subscription on February 6, 2025, and closes on February 20, 2025. The Bajaj Finserv Multi Cap Fund will use a contrarian strategy, going against popular sentiment to identify untapped and undervalued opportunities. This strategic approach may include buying assets that are out of favour or selling popular…

17 Feb

Kotak Mutual Fund launches Nifty Commodities Index Fund

MFNewsBusiness, Mutual Funds

Kotak Mutual Fund launches Nifty Commodities Index Fund Mumbai: Kotak Mahindra Asset Management Company (Kotak Mutual Fund) has launched the Kotak Nifty Commodities Index Fund, an open-ended scheme that tracks the Nifty Commodities Index. The New Fund Offer (NFO) will be open from February 17, 2025, to March 3, 2025. The fund provides investors access to 30 companies engaged in commodity-driven businesses. It covers key sectors such as oil, metals, mining, cement, power, and chemicals, which play a crucial role in industrial and economic expansion. By tracking the Nifty Commodities Index, the fund offers investors an opportunity to participate in India's…

17 Feb

SBI and SBI Mutual Fund launch Rs 250 JanNivesh SIP

MFNewsBusiness, Mutual Funds, Shares

SBI and SBI Mutual Fund launch Rs 250 JanNivesh SIP Chandigarh: JanNivesh SIP offers flexible investment options from Rs 250, with daily, weekly, and monthly plans, making investing more accessible. Available on SBI YONO and fintech platforms like Paytm, Groww, and Zerodha, it ensures seamless access and management through familiar digital interfaces, helping individuals start their investment journey with ease. JanNivesh SIP targets first-time investors across rural, semi-urban, and urban areas, offering an easy entry into mutual funds. SBI Mutual Fund, in collaboration with the State Bank of India, announces the launch of JanNivesh SIP, an initiative that aims to…

17 Feb

Campa partners with JioStar as ‘Co-Powered by’ sponsor on TATA IPL 2025

MFNewsBusiness, Entertainment, Shares, Sports

Reliance Consumer Products’ Raskik Gluco Energy & Spinner to debut at TATA IPL 2025 Chandigarh: As the TATA Indian Premier League (IPL) continues to reign supreme as the nation’s most-watched sporting event, Campa from Reliance Consumer Products Limited (RCPL), in partnership with JioStar, is set to elevate its brand presence as a co-powered sponsor across both TV and digital platforms for TATA IPL 2025. This landmark partnership will ensure Campa's visibility across Star Sports Network, including in regional languages (both HD and Standard), and JioStar’s streaming platform, guaranteeing an unparalleled reach, engagement, and impact for the brand. With this strategic…

17 Feb

In This Red Zone Investors should continue SIPs

MFNewsBusiness, Mutual Funds, Opinions

Mutual Fund experts said that as per historical data during market volatility or downturns, instead of stopping or redeeming, holding SIPs for at least seven years has proved to give positive returns. Mumbai: Investors should continue SIPs, keep a balanced approach with higher allocation to large caps, be selective in mid- and small-cap exposure in their portfolio, and avoid panic selling, as per mutual fund experts in the current market. Monthly data from the Association of Mutual Funds in India (AMFI) suggests that contribution to SIPs has dipped from Rs 26,451 crore in December 2024 to Rs 26,400 crore in…

16 Feb

Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care

MFNewsBusiness, Health

Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care Mumbai: Bajaj Consumer Care Limited, a leader in India’s consumer care space, has announced the acquisition of company Vishal Personal Care that owned Banjara’s, a well-established and trusted hair and skin care brand. This announcement came on Feb 14, 2025, after the board meeting of Bajaj Consumer Care, that owns the flagship Bajaj Almond Drops brand. This strategic move aligns with Bajaj Consumer Care’s (BCCL) vision to expand its footprint across Indian markets, leveraging the growing demand for natural and Ayurvedic personal care products. Under the terms of…

15 Feb

PM Modi hails US-India ‘mega partnership’ in Trump meeting

MFNewsBusiness

Modi hails US-India 'mega partnership' in Trump meeting New Delhi: India's Prime Minister Narendra Modi has hailed a "mega partnership" with the US, as he and US President Donald Trump agreed on a deal for Delhi to import more American oil and gas. Modi's two-day visit comes as Trump recently ordered that all the US' trading partners - including India - should face sweeping reciprocal tariffs. While both men praised each other's leadership, Trump criticised India for having some of the highest trade tariffs in the world, calling them a "big problem". The Indian leader, seeking to soften impending trade barriers, said…

15 Feb

Exports of electronic products surged to ₹2,411 billion in FY24

MFNewsBusiness, Insurance, Opinions, Technology

Exports of electronic products surged to ₹2,411 billion in FY24 India’s electronics industry is booming! Mumbai: Exports of electronic products surged to ₹2,411 billion in FY24, while consumer electronics production crossed ₹994 billion in 2023. Driven by government incentives, rising domestic demand, and shifts in global supply chains, the sector is transforming rapidly.

15 Feb

Prudential Plc Considering For The listing of ICICI Prudential Asset Management Company

MFNewsBusiness, Insurance, Opinions, Technology

Prudential Plc Considering For The listing of ICICI Prudential Asset Management Company Chandigarh: Prudential Plc is considering the listing of ICICI Prudential Asset Management Company (AMC), India’s second-largest mutual fund (MF) with assets of over -9 trillion.Through the IPO, the London-headquartered financial major plans to divest some of its 49 per cent stake. Shares of Prudential rallied over 6 per cent after the announcement on the London Stock Exchange. In 2016, Prudential had divested its stake in ICICI Prudential Life Insurance Company, another joint venture firm with the ICICI Bank group. Currently, ICICI Bank owns 51 per cent stake in…