Blog - Page 4 of 47

13 Apr

51 lakh mutual fund SIPs closed in March; 40 lakh new Registrations

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#51lakhMFSIPMarch Reflecting a stoppage ratio of 127.5%. This means that for every 100 new SIPs registered, 127.5 were discontinued. Mumbai: For the third straight month in March, more mutual fund SIPs were discontinued than newly registered. According to the latest AMFI data released on Friday, about 51 lakh SIPs were stopped last month, while 40 lakh new registrations were recorded — reflecting a stoppage ratio of 127.5%. This means that for every 100 new SIPs registered, 127.5 were discontinued. This figure also includes SIPs that may have ended due to the completion of their tenure. In the previous two months…

13 Apr

Bank of Baroda Introduces the ‘bob Square Drive Deposit Scheme’ with a tenor of 444 Days @ 7.15% p.a.

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#BankofBarodaSquareDriveDepositScheme The bob Square Drive Deposit Scheme offers 7.15% p.a. for general citizens; 7.65% p.a. for senior citizens; 7.75% p.a. for super senior citizens and up to 7.80% p.a. on Non-Callable Deposits Ludhiana: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of a new retail term deposit scheme – the ‘bob Square Drive Deposit Scheme’, a 444-day term deposit scheme offering an interest rate of 7.15% p.a. for the general public, 7.65% p.a. for senior citizens, 7.75% p.a. for super senior citizens (aged 80 years & above) and up to 7.80% p.a. on…

13 Apr

DBS Bank India New leadership to head the bank’s Consumer Banking Group and Corporate Banking

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#DBSBankIndiaNewleadership Chandigarh: DBS Bank India has announced two senior-level appointments who will lead core business functions. Ambuj Chandna has been appointed Managing Director & Head of Consumer Banking Group, at DBS Bank India, succeeding Prashant Joshi. Ambuj was formerly the President & Head of Consumer Assets at Kotak Mahindra Bank. Santanu Mitra, the former Managing Director and Head - Digital Economy Group, Institutional Banking at DBS Bank Singapore, takes on the role of Managing Director & Country Head Corporate Banking (Large and Midcap) at DBS Bank India. Both leadership positions will report into the Managing Director and CEO of DBS…

13 Apr

Tata Steel Recognised as 2025 Steel Sustainability Champion by worldsteel for the Eighth Consecutive Year

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#TataSteel2025SteelSustainabilityChampion #TataSteelworldsteel ~ Recognised for outstanding sustainability efforts and performance ~ Chandigarh: Tata Steel has been recognised as a Steel Sustainability Champion 2025 by worldsteel for the eighth consecutive year, reaffirming the Company’s commitment to sustainable development and adherence to global standards. Tata Steel has been a champion every year since the programme’s launch in 2018. The recognition highlights Tata Steel's leadership in the steel industry through its sustainability-driven initiatives and responsible business practices. Tata Steel is among a select group of steel-producing companies that have been named 2025 Steel Sustainability Champions at worldsteel’s Special General Meeting (SGM) of…

13 Apr

Swaraj Tractors Bats for Farmers with MS Dhoni: Longstanding Customer and Brand Endorser

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#SwarajTractorsMS Dhoni Mohali: Swaraj Tractors, a leading brand and part of the Mahindra Group, proudly announced the continuation of its partnership with legendary cricketer and loyal customer, MS Dhoni. This continued collaboration reflects Swaraj’s commitment to empowering Indian farmers with innovative and reliable mechanization solutions. Since the original announcement in June 2023, MS Dhoni’s association has strengthened Swaraj’s connection with the farming community. His personal experience as a farmer and deep-rooted ties to agriculture make him an ideal ambassador for the brand. Dhoni’s influence has not only bolstered Swaraj’s presence but also inspired farmers across generations to embrace modern, tech-driven agricultural…

12 Apr

Rs. 515.31 crore Provided to Asset Disposal Committee for restitution of properties to legitimate investors in Rose Valley Ponzi scam

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#515croreRoseValleyPonziScam Rs. 515.31 crore was attached by ED in the years 2015-17 by investigating money trail and tracing 2,987 different bank accounts New Delhi: Union Minister of State for Finance Shri Pankaj Chaudhary handed over a Demand Draft of Rs. 515.31 crore today to Justice D.K. Seth (Retd.), Chairman of the Asset Disposal Committee formed for the purpose of restitution of properties to legitimate investors in Rose Valley Ponzi scam. Shri Rahul Navin, Director, ED and other senior officials of the government were also present on the occasion. It is estimated that this amount will be used to restitute money to…

12 Apr

JSW Energy Completes the Acquisition of 4.7 GW RE Platform from O2 Power

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#JSWEnergyGWREO2Power Chandigarh: JSW Neo Energy Limited (“JSW Neo”), a wholly owned subsidiary of JSW Energy Limited (“the Company”), has completed the acquisition of 4.7 GW renewable energy platform from O2 Power Pooling Pte. Ltd. a platform jointly established by global investment organisations EQT & Temasek in 2020. The platform is valued at an enterprise valuation of approximately ₹12,468 crores, after adjustments under the share purchase agreements. The Company will have a steady state EBITDA generation of ₹1,500 crores from 2,259 MW capacity (likely to be operational by June 2025). Additionally, ~₹13,500 crores of capital expenditure will be incurred to reach…

12 Apr

Bank of India Withdraws its Special 400 Days Fixed Deposit Scheme

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#BankofIndiaWithdraws400DaysFDScheme And also reduced Interest Rates on other maturities after Repo Rate cut Chandigarh: Bank of India, one of the leading public sector banks in India, has announced to withdraw its special fixed deposit scheme for 400 days where interest rate was at maximum of 7.30%. Also, Bank has reduced Rate of Interest on its short-term & medium-term Fixed Deposits for various maturities w.e.f 15th April 2025. The bank has reduced its rate for Fixed Deposits for amount of less than Rs.3.00 Crs and is now offering 4.25% for deposits maturing between 91 days and 179 days and 5.75% for…

12 Apr

Over 1 Lakh Policyholders Earn Rewards as Aditya Birla Health Insurance’s HealthReturns™ Model Drives 350+ Billion Steps

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#1LakhPolicyholdersHealthReturns Chandigarh, April 08, 2025: On the occasion of World Health Day, Aditya Birla Health Insurance Co. Ltd., (“ABHICL”), the health insurance arm of Aditya Birla Capital, India’s leading diversified financial services company, has announced that over 1 Lakh policyholders have benefited from their first-of-its-kind HealthReturns™ model for making healthier lifestyle choices and maintaining good heart health, monitored by its Healthy Heart Score™ in FY’25 (April 2024-March 2025). The HealthReturns™ model essentially focuses on regular physical activity, with access to expert health guidance which helps deliver improved health outcomes for customers. This commitment to health is evident in their daily…

12 Apr

GCPL Powers Up its 3rd Innovation, HIT Mosquito Aerosol with Thunderbolt Technology

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#GCPLHITMosquitoAerosol Chandigarh: Godrej Consumer Products Ltd (GCPL), a leading player in emerging markets and the household insecticide (HI) category, continues to strengthen its leadership through groundbreaking innovations and category expansion. In early 2024, GCPL introduced India’s first and only government-approved mosquito repellent incense sticks, ‘Goodknight Agarbatti.’ Building on this momentum, the company achieved another milestone in July 2024 with the development of 'Renofluthrin,' India’s first indigenously developed and patented molecule, delivering the most effective liquid vaporizer formulation for superior mosquito control and in just over a year, GCPL is set to launch another latest breakthrough under its pest control brand,…