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01 Mar

Safe Investment: External Reasons and Domestic Fall

MFNewsBreaking News, Business, Shares

Downfall in Indian Stocks and Mutual Funds, wealth of Indian retail investors badly hits Lavanya Singla Chandigarh: The Indian share market has witnessed a significant downfall in recent times, driven by a combination of domestic and global factors. This decline has led to considerable volatility, affecting investor sentiment and economic outlook. One of the primary reasons behind this downturn is global economic uncertainty. Rising inflation across major economies, aggressive interest rate hikes by central banks like the US Federal Reserve, and fears of a global recession have created a ripple effect on emerging markets like India. As foreign institutional investors…

01 Mar

60% of Indian retailers see technology as key to competitiveness: PwC India Report

MFNewsBrands, Business, Opinions, Technology

Despite a strong demand for in-store interactions, 53% of traditional retail stores surveyed have yet to adopt technology solutions. Chandigarh: PwC India has launched a report titled, "The Retail Reinvention Paradigm: How brands could up their game," at the Retailers Association of India’s (RAI) Retail Leadership Summit in Mumbai today. According to the report, 60% of brick-and-mortar retailers surveyed believe that improved access to technology can empower them to enhance their competitiveness in this evolving market. The report emphasises the use of AI-driven analytics for personalised experiences, mobile apps for consumer engagement, and modern POS (Point of Sale) systems for…

28 Feb

GDP: In Q3 India’s GDP grows at 6.2%, FY25 forecast revised to 6.5%

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Real GDP has been estimated to grow by 6.5% in FY 2024-25. New Delhi: India’s real gross domestic product (GDP) growth for the third quarter (Q3) of financial year 2024-25 (FY25) was 6.2%. The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), released these Statistics on Friday. Real GDP has been estimated to grow by 6.5% in FY 2024-25. Nominal GDP is expected to witness a growth rate of 9.9% in FY 2024-25. Both the growth rates are revised upward from their respective First Advance Estimates. This growth has been contributed by double-digit growth rates in ‘Manufacturing’ sector (12.3%),…

28 Feb

वित्तीय वर्ष 2024-25 के लिए ईपीएफ पर मिलेगा 8.25% की दर से ब्याज

MFNewsBreaking News, Business, Insurance, Opinions

ईडीएलआई योजना में प्रमुख संशोधनों को अनुमति; इससे सदस्यों के परिवार को अधिक वित्तीय सुरक्षा और सहायता मिलेगी नई दिल्ली: वित्तीय वर्ष 2024-25 के लिए सीबीटी ने सदस्यों के खातों में ईपीएफ संचय पर 8.25% वार्षिक ब्याज दर जमा करने की सिफारिश की है। केंद्र सरकार द्वारा ब्याज दर को आधिकारिक रूप से अधिसूचित करने के बाद बाद ईपीएफओ ग्राहकों के खातों में ब्याज दर जमा करेगा। ये फैसला केंद्रीय श्रम एवं रोजगार तथा युवा कार्यक्रम एवं खेल मंत्री डॉ. मनसुख मांडविया ने आज नई दिल्ली में कर्मचारी भविष्य निधि (ईपीएफ) के केंद्रीय न्यासी बोर्ड (सीबीटी), की 237 वीं बैठक…

28 Feb

Results for the prestigious Reliance Foundation Postgraduate Scholarships 2024-25 announced

MFNewsBrands, Health, Technology

Nurturing aspirations and celebrating excellence, 100 postgraduate scholars from select future-ready courses have been selected The scholars will get a grant of up to Rs. 6 lakhs along with comprehensive capacity-building throughout their academic journey Mumbai: Reliance Foundation has announced results of the prestigious Reliance Foundation Postgraduate Scholarships 2024-25. In-line with organisation’s commitment to nurturing India’s brightest minds in science and technology, the results are declared on National Science Day. Reliance Foundation offers postgraduate scholarships to 100 exceptional first-year students in India pursuing select degrees in Engineering, Technology, Energy, and Life Sciences. These scholarships provide financial assistance, mentorship, networking opportunities,…

28 Feb

Strand Life Sciences Launches Portal to Help Doctors with Rare Disease Diagnosis

MFNewsBrands, Health, Technology

Offers Discounted Testing for Low-Income Patients Bengaluru: On the occasion of Rare Disease Day, Strand Life Sciences, a Reliance Industries subsidiary and leading genomics company, today launched the StrandOmics Portal to improve diagnosis of rare diseases. This new online portal gives clinicians quick and easy access to information on genetic variants, giving them a comprehensive view for each case. This means faster and more accurate diagnosis for patients. In addition to the portal, Strand Life Sciences will offer rare disease genetic testing at a reduced cost for patients from economically disadvantaged backgrounds, making these crucial tests more accessible. The StrandOmics…

28 Feb

The new BMW 3 Series Long Wheelbase launched in India.

MFNewsBrands, Breaking News, Business, Entertainment, Technology, Travel

Most Powerful Petrol engine in its segment, with the iconic BMW B48 engine pushing out 258 hp and 400 Nm of Torque Gurugram. The new BMW 3 Series Long Wheelbase was launched in India today. Locally produced at BMW Group Plant Chennai, the car is available in the petrol variant at all BMW India dealerships. The diesel variant will be launched later. Mr. Vikram Pawah, President, BMW Group India said, “The new BMW 3 Series Long Wheelbase has set new standards in its segment with an elongated design, enhanced space, luxurious comfort and dynamic performance. Impressive in every way, it…

28 Feb

MOU: Renewal of the Bilateral Swap Arrangement between Japan and India

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Both authorities can swap their local currencies in exchange for the US Dollar New Delhi: Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2025). The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the second Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars. Japan and India believe that the BSA,…

28 Feb

National Stock Exchange of India (NSE) and Government of Goa Join

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Hands to Launch ‘Student Skilling Program’ in BFSI Sector Goa: The National Stock Exchange of India (NSE) and the Government of Goa have joined forces to launch the ‘Student Skilling Program’ aiming to equip the youth of Goa with industry relevant skills in Banking, Financial Services, and Insurance (BFSI) sector. A Memorandum of Understanding (MoU) has been signed between the two entities, marking a significant step towards empowering young individuals with industry-relevant skills and enhancing their employability in the BFSI sector. Goa is the 5th state after Uttarakhand, Meghalaya, Chhattisgarh and Assam to partner with NSE on skilling youth. The…

27 Feb

PUNJAB’s NEW EXCISE POLICY 2025-26 GENERATE EXCISE REVENUE OF RS. 11020 CRORES, CABINET APPROVES

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NEW POLICY AIMS TO GENERATE EXCISE REVENUE OF RS. 11020 CRORES WITH AN INCREASE OF 8.61% AS COMPARED TO LAST YEAR Chandigarh: The Punjab Cabinet led by the Chief Minister Bhagwant Singh Mann gave nod to the Excise policy 2025-26 which aims to collect excise revenue of Rs. 11020 crores during the financial year 2025-26, projecting an increase of Rs. 874.05 crores (8.61%) over the previous financial year’s targets. A decision to this effect was taken by the Council of Ministers in a meeting held under the chairmanship of the Chief Minister here at his official residence today. Disclosing this…