Blog - Page 56 of 62

01 Mar

₹2000 banknotes: ₹6,471 crore worth notes still in market, 98.18% back to RBI

MFNewsBreaking News, Business, Opinions

New Delhi: The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹6,471 crore at the close of business on February 28, 2025. Thus, 98.18% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned. The ₹2000 banknotes continue to be legal tender. The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by…

01 Mar

बाजार में गिरावट के दौरान म्यूचुअल फंड लॉन्गटर्म में फायदेमंद

MFNewsBreaking News, Business, Mutual Funds, Opinions

बाजार की गिरावट और उसमें रिकवरी के समय का अंदाज न लगाए, एसआईपी जारी रखें मुंबई: बीते पांच सालों में भारतीय म्यूचुअल फंड सेक्टर जितनी तेजी से बढ़ा है, उतना बीते 30 सालों में नहीं बढ़ा था। हालांकि मौजूदा गिरावट के चलते इस समय म्यूचुअल फंड्स में निवेश करने वाले नए निवेशक डरे हुए हैं और बीते साल में शुरुआत करने वाले निवेश किया गया पैसा रिटर्न की बजाए घट जाने से घबराए हुए हैं। ऐसे में ये बात ध्यान में रखें कि दशकों से म्यूचुअल फंड्स में एसआईपी या अन्य माध्यम से निवेश करने वालों ने इस गिरावट में…

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

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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

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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.

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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,…