Breaking News Archives

15 May

TAJ LAKE PALACE, UDAIPUR IS NUMBER 1 GLOBALLY IN ‘ONE-OF-A-KIND HOTELS’ BY TRIPADVISOR

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Opinions, Shares, Travel

#TajLakePalaceUdaipur Chandigarh: Taj Lake Palace, Udaipur has been ranked #1 globally in ‘One-of-a-Kind Hotels’ category by Tripadvisor’s Travelers’ Choice Best of the Best Awards 2025. Tripadvisor unveiled the category this year to honour the most unique and unforgettable stays that go beyond conventional hospitality. This recognition places the hotel in the top 1% globally based on traveller reviews and ratings. Mr. Ashok Rathore, Area Director – Rajasthan, IHCL said, “Taj, for over a century has been the custodian of India’s heritage and culture having restored some of the country’s most celebrated royal palaces that date back to the pre-independence era.…

15 May

Farmley Completes $40 Million Series C Fundraise Led by L Catterton

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Opinions, Technology

#Farmley40MillionLCatterton Transaction positions Farmley to strengthen its foothold in India’s burgeoning healthy snacking market by leveraging L Catterton’s sector expertise and operating capabilities Chandigarh: Farmley, a rapidly-growing healthy snacking brand in India, today announced that it has completed a $40 million Series C fundraise led by L Catterton, a leading global consumer-focused investment firm. Existing shareholders such as DSG Consumer Partners also participated in the fundraise. The investments position Farmley to further scale the briskly-evolving dried fruits and nuts segment of the country’s healthy snacking market. The dried fruits and nuts segment of India’s healthy snacking market is expected to expand…

14 May

Shree Cement announces Q4 EBITDA surge 46% QoQ led by focus on pricing and operational efficiency

MFNews0 CommentsBreaking News, Business, Shares, Technology

#ShreeCementQ4FY25results Chandigarh: Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter and year ended on 31st March, 2025, reflecting a robust performance. On sequential quarter basis, the Company reported a 142% rise in profit after tax to ₹556 crore, 24% rise in revenue to reach an all-time high of ₹5,240 crore while EBITDA surged by 46% to ₹1,381 crore. Financial Highlight ₹ in crore Particulars Quarter ended 31st March, 2025 31st March, 2024 31st December, 2024 Net Revenue from Operations 5,240 5,073 4,235 Operating Profit (EBITDA) 1,381 1,327 947 Profit after Tax…

14 May

Reliance Nippon Life Insurance Delivers profits before taxes of ₹247 crore leading to a 25% increase in PBT

MFNews0 CommentsBrands, Breaking News, Business, Health, Insurance, Technology

#RelianceNipponLifeProfitUp Chandigarh: Reliance Nippon Life Insurance Company Ltd. (RNLIC), one of India’s leading life insurance companies, today announced its audited financial results for the financial year ended March 31, 2025. The company delivered a steady performance across key metrics while continuing to strengthen its customer focus and operational resilience. For FY2024-25, RNLIC reported a Profit Before Tax (PBT) of ₹247 crore, reflecting a strong growth of 25% over the previous year (₹198 crore in FY2023-24). The company’s Assets Under Management (AUM) stood at ₹38,725 crore, marking a 9% year-on-year growth. New Business Premium (NBP) grew to ₹1,245 crore, and Total…

14 May

Entrepreneurial Spirit Strong among Indian Accountants; 63% Eye Starting up: ACCA Global Talent Trends Survey 2025

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Opinions, Technology

#EntrepreneurialIndianAccountants Majority of Indian accountants see accountancy as a launchpad for entrepreneurship, with 80% planning a career move within two years Chandigarh: ACCA’s (the Association of Chartered Certified Accountants) latest annual Global Talent Trends Survey 2025 alerts employers to changing perspectives among accountancy and finance professionals, providing a unique view of how people feel about their life at work and future career aspirations Now in its third year, this is the largest annual talent survey of accountancy and finance professionals across the world. Over 10,000 individuals from 175 countries including India responded to our survey on issues ranging from career…

14 May

IIFL Fintech Fund Announces the Second Exit From The Fund Clocks More than 100% Return for Investors

MFNews0 CommentsBreaking News, Business, Mutual Funds, Shares, Technology

#IIFLFintechFundReturn Chandigarh: IIFL Fintech Fund, India’s leading early-stage fund dedicated to fintech sector, today said that it has exited the financial data analytics firm - Finarkein Analytics – at more than double the valuation in three years of investment. This is IIFL Fintech Fund’s second exit after TrustCheckr, a fraud detection firm, which was bought by global caller identification app Truecaller in October 2023. IIFL Fintech Fund made ~80% returns on TrustCheckr investment within 18 months, when it was sold. Finarkein’s data and workflow orchestration platform allows enterprises to co-create data products on India’s emerging digital public infrastructure (DPI) like…

14 May

UPL LTD Announced 8% Revenue Growth, 175% Growth in Net Profits

MFNews0 CommentsBreaking News, Business, Health, Shares, Technology

#UPLLTDRevenueGrowth Net Debt Reduction of $1.04 Bn Chandigarh: UPL Ltd, announced its financial results for the fourth quarter and full year ended March 31, 2025. Revenue increased to ₹155.7 Bn, compared to ₹140.8 Bn in Ǫ4 FY24, led by 11% volume growth and robust performance across all businesses. Commenting on the Ǫ4FY25 and full year performance, Jai Shroff, Chairman G Group CEO, UPL Ltd., said: “Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. The significant improvement in profitability and operational efficiency, alongside consistent revenue growth,…

13 May

PNB Housing Finance Expands its Portfolio with new Fixed Rate Non-Home Loan Product

MFNews0 CommentsBreaking News, Business, Opinions, Shares, Technology

#PNBHousingFinanceLoanProduct Chandigarh: PNB Housing Finance Limited, India’s third-largest housing finance company, today announced the launch of its new Fixed Rate Non-Home Loan (NHL) product, a high-yielding financial solution designed to cater to diverse customer needs. Applicable on non-housing loan products such as loan against property, commercial plot purchase, loan against plot, and lease rental discounting, this new solution aims at enabling customers avail easy access to credit at fixed interest rates starting 10.00%, depending on their eligibility criteria. A fixed rate of interest on mortgage solutions will help customers plan their financial journey with certainty, avoiding market fluctuations and extended loan…

12 May

Angel One AMC launches two new passive funds, Close on May 16

MFNews0 CommentsBreaking News, Business, Health, Mutual Funds, Opinions, Technology

#AngelOneAMC2passivefunds Chandigarh: Angel One Asset Management Company (Angel One AMC) has launched two new passive funds - Angel One Nifty 50 Index Fund and Angel One Nifty 50 ETF. The funds aim to provide investors with exposure to India's top 50 large-cap companies across 15 key sectors including telecom, oil & gas, financial services, healthcare, and automobile, among others. Both the funds are designed to track the Nifty 50 Index, with an aim to replicate the Index performance by providing returns, before expenses, the closely monitoring the total return of the index. The New Fund Offer (NFO) for both funds…

12 May

Golden Day: Sensex zooms nearly 3,000 points, Nifty jumps 900 points in biggest-ever day

MFNews0 CommentsBreaking News, Business, Mutual Funds, Opinions, Shares, Stocks

#GoldenDaySensexzooms2975 Mumbai: On A Golden Day In percentage terms, both indices surged 3.4 percent, notching up their second-highest gains in four years. The only bigger jump in percentage terms took place on February 1, 2021, when both indices rose by more than 4.7 percent. Benchmark indices saw a record rally on May 12, with the Sensex soared nearly 3,000 points and the Nifty 50 advanced by over 910 points, marking their biggest single-day gains in absolute terms ever. Easing border tensions between India and Pakistan significantly boosted investor sentiment, along with a significant progress in trade negotiations between US and…