Blog - Page 45 of 47

19 Feb

Bajaj Allianz Life Unveils Guaranteed Pension Goal II with Industry-First 30-Year Deferment Option

MFNewsBusiness, Insurance, Mutual Funds

New-age annuity plan offers flexible payout options, lifelong income security, and tailored solutions for evolving retirement needs Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, today announced the launch of Bajaj Allianz Life Guaranteed Pension Goal II, a non-linked, non-participating immediate and deferred annuity plan designed to help customers take control of their retirement planning. With an industry-first feature allowing a deferment of up to 30 years, this innovative pension plan enables individuals as young as 35 years to start securing their financial future, providing unmatched flexibility for early retirement planning. Recent study by Bajaj Allianz Life revealed that 77% of Indians…

19 Feb

98% of Home Security Breach Impact Victims Happiness – Reveals Godrej Enterprise Group’s Happiness Survey

MFNewsBusiness, Technology

The Security Solutions Business of Godrej Enterprise Group Highlights the Deep Connection between Security and True Happiness Chandigarh: Security is more than just a measure of protection—it is the foundation of peace of mind and lasting happiness. The latest ‘Happiness Survey’ conducted by the Security Solutions Business of Godrej Enterprise Group reveals that an overwhelming 98% of individuals who experienced a security breach in their homes reported a direct impact on their overall sense of security and happiness. More alarmingly, 56% of these respondents admitted that the breach had a significant to extreme effect on their well-being. With a concerning…

19 Feb

Bank launches Aadhaar-OTP based account opening facility

MFNewsBusiness, Technology

Bank launches Aadhaar-OTP based account opening facility Mumbai: With the increasing use of the internet, many tasks have become easier these days. Earlier, we had to go to the bank again and again for most of the banking related work, but now they can be done just through a mobile phone. With the entry of technology in the banking sector, opening an account has become easy. Many banks in the country are providing you the facility of opening an account from home. In this series, the public sector Indian Overseas Bank has started Aadhaar-OTP based account opening and application programming…

19 Feb

EPFO board to meet on Feb 28: decide the interest rate for the 2024-25

MFNewsBusiness, Opinions

EPFO board to meet on Feb 28: decide the interest rate for the 2024-25 New Delhi: The Employees’ Provident Fund Organisation (EPFO) will decide the interest rate for the financial year 2024-25 at its central board of trustees (CBT) meeting on February 28. The rate is expected to remain close to 8.25%, according to sources. EPFO raised the interest rate to 8.25% for FY24, the highest in three years. In FY23, it was 8.15%, up from 8.10% in FY22. The lowest rate in recent history was 8.10% in 2021-22, the lowest since 1977-78, when it stood at 8%. Over the past decade,…

19 Feb

SEBI’s new mutual fund rules from April 2025

MFNewsBusiness, Mutual Funds

Faster NFO deployment and more transparency Mumbai: The Securities and Exchange Board of India (SEBI) will implement new mutual fund rules from April 1, 2025. These changes aim to improve transparency, ensure timely fund deployment, and enhance accountability among asset management companies (AMCs). AMCs will have to deploy funds collected through New Fund Offers (NFOs) within a specified time. If they fail to do so, investors can exit without paying an exit load. This rule will prevent AMCs from raising excessive funds during NFOs and ensure proper allocation. SEBI has set a 30-day timeline for Asset Management Companies (AMCs) to deploy…

19 Feb

Jio Introduces JioTele OS: Innovation Operating System for every Smart TV

MFNewsBrands, Business, Entertainment, Technology

India’s own Smart TV operating system Enabling TV OEMs to provide world class experience at affordable price Mumbai: Jio announces launch of JioTele OS, a next-generation Smart TV operating system crafted to meet the unique needs of Indian audiences. With approx. 35 million connected TV households in India, the demand for digital entertainment continues to rise. However, many consumers encounter challenges due to the limited capabilities of their connected TVs, such as restricted customization, limited access to high-quality regional content, and the absence of seamless, premium user experience. Revolutionizing India’s Growing Connected TV Landscape Jio has positioned itself as a leader…

19 Feb

Audi launches the new Audi RS Q8 Performance in India

MFNewsBrands, Entertainment, Technology, Travel

Audi launches the new Audi RS Q8 Performance in India Chandigarh : Audi, the German luxury car manufacturer, today announced the launch of its high-performance luxury SUV, the Audi RS Q8 Performance, in India. The new Audi RS Q8 Performance represents the perfect amalgamation of raw power and sophisticated luxury, setting new benchmarks in the performance SUV segment with its exceptional capabilities and striking design. The new Audi RS Q8 Performance is available in India at a starting price of INR 2,49,00,000 ex-showroom. The car comes with Ownership benefit of 10-year complementary Road Side Assistance and attractive comprehensive maintenance and…

18 Feb

NFO’s Raining: 14 mutual fund NFOs are open for Investment as Today

MFNewsBreaking News, Business, Insurance, Mutual Funds

Chandigarh: Around 14 new mutual fund NFOs are open for subscription. Mutual fund houses launch new funds to complete their bouquet of offerings Four index funds are open for subscription and will close between February 21 to March 3. ITI Bharat Consumption Fund and HSBC Financial Services Fund are open for subscription and both will close on February 20. Invesco India Business Cycle Fund and Nippon India Active Momentum Fund are open for subscription and will close on February 20 and February 24 respectively. Scheme Name Open Date Close Date Scheme Type Bajaj Finserv Multi Cap Fund 06-Feb-2025 20-Feb-2025 Open…

18 Feb

RELIANCE CONSUMER PRODUCTS ENTERS THE UAE WITH THE LAUNCH OF CAMPA AT GULFOOD 2025

MFNewsBrands, Business, Shares, Travel

Partners with Agthia Group to refresh UAE Dubai, UAE / Bengaluru, 18th February 2025: Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, officially launched the Indian legacy brand, Campa, in the UAE at the 30th edition of Gulfood, the world’s largest F&B sourcing event. This debut marks RCPL’s first entry into the United Arab Emirates and reaffirms its long-term commitment to the region. Since acquiring Campa Cola in 2022 and reintroducing it to India in 2023, RCPL has successfully revived the heritage brand that held cult status in India in the 1970s and 1980s. Campa Cola…

18 Feb

Indian investors lose $100 million in Ponzi scheme: Report

MFNewsBusiness, Opinions

Indian investors lose $100 million in Ponzi scheme: Report Mumbai: Falcon collected Rs 1,700 crore (about $196 million) from nearly 7,000 investors since 2021 but has repaid only half, according to a statement from Telangana police. Falcon collected Rs 1,700 crore (about $196 million) from nearly 7,000 investors since 2021 but has repaid only half, according to a statement from Telangana police. Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns, according to a police statement and multiple victims…