MFNews, Author at MFNews

06 Apr

ITA AIRWAYS SET TO START INTEGRATION INTO STAR ALLIANCE

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#ITASTARALLIANCE · Entry for Italy’s national carrier expected in early 2026 Chandigarh: ITA Airways has officially received approval to start the integration process into Star Alliance following a verdict by the Star Alliance Chief Executive Board (CEB). Building on its induction into the Lufthansa Group earlier this year, this decision paves the way for its much anticipated entry into the world’s largest airline alliance. The onboarding process will now move at full throttle. Celebrating the milestone, Star Alliance Chief Executive Officer Theo Panagiotoulias stated: “In early 2026, ITA Airways is expected to officially join the Star Alliance network as a…

06 Apr

Spice Money Academy Digital Training Equips 5.28 Lakh Adhikaris

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#SpiceMoneyAcademy Chandigarh: Spice Money (a subsidiary of DiGiSPICE Technologies), India’s pioneering rural fintech transforming the way Bharat banks, continues to bridge the financial literacy gap through its flagship learning platform, Spice Money Academy. Accessible via web and mobile app, the Academy empowers Adhikaris to operate as Non-Bank Business Correspondents (BCs) and has digitally trained 5,28,000 Adhikaris/Merchants, equipping them with essential skills and knowledge to facilitate seamless financial inclusion and digital transactions in the country’s most underserved regions. This initiative has driven a transformational impact to strengthen Adhikaris’ proficiency in providing financial inclusion products. This has led to a 6.9% growth…

06 Apr

Bank of Baroda Announces 3 New Zones – Surat, Varanasi and Jodhpur

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#BoBNewZonesSuratVaranasiJodhpur Chandigarh: Bank of Baroda (BoB), one of India’s leading public sector banks, has announced a strategic realignment of its zonal structure with the creation of 3 new zones that will help the Bank drive sustainable business growth, enhance customer service and improve operational efficiencies. Effective 1st April, 2025, the Bank has established the following new zones: Surat Zone (earlier part of Baroda Zone) Varanasi Zone (earlier part of Lucknow Zone) Jodhpur Zone (earlier part of Jaipur Zone) The 3 zones were virtually inaugurated by Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda, along with the Bank’s Executive…

06 Apr

The Good Bug Innovates A Ground-breaking Clinically proven Natural GLP-1 Weight Loss Solution

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#TheGoodBugGLP1 ~ Based on natural GLP-1 science available at an affordable price of ₹2000 per month Chandigarh: India is at the cusp of a major health crisis as obesity rates surge across all age groups, driving an alarming rise in early mortality linked to diabetes, cardiovascular diseases, and cancer. As per the National Family Health Survey (NFHS-5), nearly 24% of women and 22.9% of men are now classified as obese. The Good Bug, a pioneering gut health brand in India, has launched a path breaking scientific innovation poised to disrupt the weight loss landscape. The Good Bug’s Advanced Metabolic System…

06 Apr

Ratul Puri Strengthens Hindustan Power’s Renewable Push with 425MWp UPPCL Win

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In line with the company’s vision to achieve a 5GW Portfolio Chandigarh: Ratul Puri’s Hindustan Power has been awarded a 425MWp solar power project by Uttar Pradesh Power Corporation Limited (UPPCL) as part of its 2,000MWac grid-connected solar PV power procurement initiative through a tariff-based competitive bidding process. This strategic win aligns with the company’s ambitious vision of achieving a 5GW renewable energy portfolio by 2028. The Letter of Award (LoA) was issued by UPPCL following a transparent and competitive e-Reverse Auction. The project will be supplying power to UPPCL with a delivery point at STU – UP substation. As…

06 Apr

Shree Cement commissions state-of-the-art grinding unit in Etah, Uttar Pradesh

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#ShreeCementUP The state-of-the-art facility entails an investment of ~₹850 Crore Chandigarh: Shree Cement, one of India’s leading cement manufacturers, announced the commissioning of its new grinding unit in Etah. With an annual capacity of 3 million tonnes per annum (MTPA), the Etah unit from Shree will be one of the largest grinding units in the region, adding to the growth journey of the state of Uttar Pradesh. The project, entirely funded through internal accruals, entails an investment of ~₹850 crore and is expected to create more than 500 direct and indirect employment opportunities. Speaking on the occasion, Neeraj Akhoury, Managing…

05 Apr

NFO: ICICI Prudential MF launches EV and New Age Automotive fund FOF Close by 10 April

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#NFOICICIPrudentialMFEVFOF Mumbai: ICICI Prudential Nifty EV & New Age Automotive ETF subscription closing by 10 April, 2025. The open-ended Exchange-Traded Fund will be tracking the Nifty EV & New Age Automotive Index. The fund house is also introducing the ICICI Prudential Nifty EV & New Age Automotive ETF Fund of Funds (FOF), so that investors who don't have a Demat account too can participate in this scheme. "This launch provides investors with an opportunity to gain exposure to India’s rapidly expanding EV and new-age automotive sector, which includes electric two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, battery manufacturers, components, raw materials suppliers,…

05 Apr

PLI SCHEME FOR AUTOMOBILE AND AUTO COMPONENT INDUSTRY WITH ₹25,938 Crore

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#PLISCHEMEAUTOINDUSTRY New Delhi: Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry (PLI-Auto Scheme) has an outlay of ₹25,938 crore. During FY 2024- 25, Incentive claims of ₹322.12 crore have been received from 4 (four) applicants. Till 28.02.2025, ₹246.21 crore have been disbursed to 2(two) applicants. Incentive under PLI-Auto scheme is applicable on determined sales value defined as the incremental eligible salesof a particular year over base year (i.e. FY 2019-20).There is no target for increment sales as of February, 2025. Till 31.12.2024, cumulative determined sales of electric vehicles is ₹14,657 crore under the PLI-Auto scheme. This information…

05 Apr

SEBI And NSE Released Revised list of designated Qualified Stock Brokers (QSBs)

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Chandigarh: Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, occupy a significant position in the Indian securities market, leading to concentration of activity among few stock brokers. In order to further strengthen the compliance and monitoring requirements relating to such stock brokers and to ensure efficient functioning of securities market, SEBI vide Circulars No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 and SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/14 dated March 11, 2024, on “Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)” enumerated the following parameters for designating certain stock brokers, as QSBs. 1. …

05 Apr

AIR INDIA INTEGRATES APPLE AIRTAG LOCATION FEATURE FOR BAGGAGE TRACKING

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#AIRINDIAAPPLEAIRTAG · Air India has become the first airline in Asia to integrate this service for its guests Chandigarh: Air India, India’s leading global airline, has integrated Apple AirTag with its baggage-tracking system and mobile app, allowing customers using Apple iPhone, iPad or Mac devices* to securely track the location of their baggage. Air India is the first airline in Asia to offer this integrated tracking service to guests. Air India transports more than 100 million items of baggage annually, with more than 99.6% of items arriving together with the accompanying customer. For the small proportion that does not, due to…