MFNews, Author at MFNews

09 Apr

Now Pharmaceutical Imports on Donald Trump Radar, ‘major’ tariffs on the Way

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#PharmaceuticalDonaldTrump Washington DC: US President Donald Trump, on Wednesday, said his administration would soon announce a “major” tariff on pharmaceutical imports, aimed at encouraging drug manufacturers to shift operations back to the US. Speaking at an event hosted by the National Republican Congressional Committee, Trump said the move is intended to reduce American dependence on foreign drug supplies and revitalise domestic pharmaceutical production. “We’re going to be doing something very big on drug imports — a major tariff is coming,” Trump told the audience. “We want these companies to make their products here, in America, not in China or elsewhere.” “Once…

09 Apr

11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

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#NiftyIndicesJapanKorea Mumbai: In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index. Sl. No. Issuer Name Country Index Name 1 Amundi Asset Management Japan Nifty 50 2 Asset Management One Japan Nifty 50 3 Asset Management One Japan Nifty Midcap 50 4 au Asset Management Corporation Japan Nifty 50 5 Daiwa Asset Management Co. Ltd.…

09 Apr

TAJ SAMUDRA, COLOMBO WELCOMES HON’BLE PRIME MINISTER SHRI NARENDRA MODI

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#TAJSAMUDRACOLOMBOPMMODI Chandigarh: Taj Samudra, Colombo, had the honour of welcoming the Hon’ble Prime Minister of India, Shri Narendra Modi, during his recent visit to Sri Lanka. This visit marks a momentous milestone for Taj Samudra, further solidifying its role as a symbol of Indian hospitality in Sri Lanka. Set against the backdrop of the iconic Galle Face Green, Taj Samudra boasts breath-taking views of the mesmerizing Indian Ocean and the vibrant cityscape of Colombo. The Prime Minister was warmly received by the hotel’s leadership and associates, who came together to extend their heartfelt hospitality. During the visit, Prime Minister Modi…

09 Apr

Poonawalla Fincorp Launches Shopkeeper Loan Business

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Enabling small retailers and kirana stores with accessible funding to meet evolving business needs Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has today announced the launch of its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies. Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions. Commenting on the launch, Mr. Arvind…

09 Apr

Spinny Post Q1 2025: Digital Transactions, Women Buyers, and Automatic Cars are Shaping India’s Growing Used Car Market

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Spinny Post Q1 2025: Digital Transactions Chandigarh: As India’s urban expansion continues and mobility needs evolve, car ownership remains the preferred solution for millions of Indians. Spinny, the country’s leading full-stack used car platform, has released its Q1 2025 report, revealing significant shifts in the pre-owned car market. The report highlights the dominance of digital-first transactions, value-added services, rising demand for automatic cars, and the growing influence of women buyers, all pointing to a transformation in how Indians approach car ownership. Additionally, the report identifies Bengaluru, Hyderabad, and Delhi as the top car-buying cities, reflecting the strong demand in these…

08 Apr

IPO: boAt files draft papers via confidential pre-filing route for Rs 2,000 Cr

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#IPOboAt2000cr Mumbai: Established in 2013 by Aman Gupta and Sameer Mehta, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. Established in 2013 by Aman Gupta and Sameer Mehta, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. Imagine Marketing Ltd, the parent firm of electronics and lifestyle brand boAt, on April 8 announced it has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) via a confidential pre-filing…

08 Apr

Integration of ION Mobility’s assets and IP for TVS Motor’s EV footprint in SE Asian markets

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#TVSMotorEV Chandigarh: TVS Motor Company (TVSM), a leading global manufacturer of two and three-wheelers, is set to strengthen its electric vehicle (EV) presence in Southeast Asia through the integration of ION Mobility’s assets, intellectual property, and talent into its operations. Southeast Asia represents one of the world’s fastest-growing regions for motorbike usage, offering a significant opportunity for expansion. TVSM has been a strategic investor in ION Mobility, a full-stack EV company known for its robust in-house capabilities across industrial and product design, mechanical and electrical engineering, embedded and power electronics, firmware, software, and supply chain solutions. This integration, combined with…

08 Apr

Jio Finance Limited forays into Digital Loan Against Securities

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#JioFinanceDigitalLoan Customers can get loans of up to Rs. 1 crore in just 10 minutes through the JioFinance AppMumbai: Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited, has introduced fully digital Loan Against Securities (LAS) for its customers. The LAS oﬀering from JFL is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates, all within just ten minutes through a completely digital process. Available through the JioFinance app, a one-stop destination for seamless and digital-ﬁrst ﬁnancial services, LAS – comprising Loan…

08 Apr

PUNJAB’S “SCHOOL MENTORSHIP PROGRAM”: 100 BUREAUCRATS ENROL IN JUST 3 DAYS

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#PUNJABSCHOOLMENTORSHIPPROGRAM • 50% application received from young officers (2015-2024 batch), says Harjot Bains CHANDIGARH: The Chief Minister Bhagwant Singh Mann led Punjab Government’s groundbreaking “School Mentorship Program” has received an extraordinary response, with 100 top bureaucrats—including IAS, IPS, and PCS officers—volunteering as mentors within just three days of its launch on April 4, said the School Education Minister S. Harjot Singh Bains here on Tuesday. Pertinently, the Punjab Government has introduced one-of-its-kind “School Mentorship Program” wherein top brass bureaucrats are being roped in to inspire and guide young minds to aim high in life. The initiative aims to bridge aspirations and…

08 Apr

Vi 5G Goes Live at Maharaja Yadavindra Singh Cricket Stadium, Chandigarh

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#Vi5GChandigarh Spectators can enjoy unlimited high-speed Vi 5G free of cost Chandigarh: As the T20 cricket fever grips the nation, Vi has brought its 5G services to the Maharaja Yadavindra Singh Cricket Stadium, Chandigarh. Ensuring that cricket lovers in the Chandigarh can experience ultra-fast speeds while soaking in live cricket action, Vi has strengthened its network infrastructure to provide seamless 5G connectivity at the stadium. To ensure high-speed connectivity to the thousands of spectators gathering at Chandigarh Cricket Stadium for live action, Vi has deployed additional 5G network sites and strengthened its network with technologies like BTS and Massive MIMO.…