Breaking News Archives - Page 3 of 9

25 Mar

From May 1 Pay More ATM withdrawal fees, RBI hikes higher charges

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#May1PayMoreATMRBI New Delhi: The Reserve Bank of India (RBI) has announced an increase in interchange fees on ATM withdrawals, making cash withdrawals more expensive from May 1, according to a report by Doordarshan News. This change will impact frequent ATM users, leading to higher withdrawal costs. An ATM interchange fee is the amount one bank pays another for facilitating ATM transactions. Banks typically pass this cost on to customers. For example, if a customer of HDFC Bank withdraws money from an SBI ATM in Delhi, HDFC Bank may charge a fee after the third transaction at an SBI ATM in…

25 Mar

MF: Aditya Birla Sun Life Mutual Fund unveils campaign to push SIP awareness

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The campaign aims to encourage investors to adopt structured financial planning for their future goals #ABSLAMCSabseImportantPlan New Delhi: Aditya Birla Sun Life AMC (ABSLAMC) has launched the 'Sabse Important Plan' (SIP) campaign to highlight the importance of systematic investment plans (SIPs). The campaign aims to encourage investors to adopt structured financial planning for their future goals. The first ad shows Saini, a regular office goer dreaming about opening a chain of café’s in “Khayali Pulao” style while the other shows Simran, a working professional dreaming about traveling the world in “Hawai Baatein” style. However, in both cases, it dawns on…

25 Mar

Not considering holding exams for investors to test suitability for F&O trading: SEBI

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#F&OTradingSEBI #SEBIF&OTradingTest Mumbai: The market regulator is not considering conducting exams for investors to determine their eligibility for trading in futures and options (F&O), said the Securities and Exchange Board of India's Whole-time Member (WTM) Ananth Narayan. Narayan was answering a question on the subject at a press conference following a SEBI board meeting on March 24. He said, "Are we specifically looking at anything (as entry barriers like the National Institute of Securities Markets (NISM) exams for investors) at this point in time? No." This confirmed a report by Moneycontrol that was published following reports that such an exam…

25 Mar

Navigating Retail’s AI Future: KPMG’s Report ‘Intelligent Retail’ Reveals 83% Leader Confidence in AI

MFNews0 CommentsBrands, Breaking News, Business, Opinions, Technology

#KPMGAIeportIntelligentRetail #KPMGLeaderConfidenceinAI New Delhi: KPMG International has unveiled a new report titled, 'Intelligent Retail: A Blueprint for Creating Value through AI-Driven Transformation'. This comprehensive study delves into the transformative power of artificial intelligence (AI) in the retail sector, offering strategic insights for retailers to harness AI's potential and drive sustainable growth. As consumer expectations continue to escalate, the report highlights how AI is revolutionizing retail by enabling hyper-personalized customer experiences, optimizing inventory management, and automating customer service with near-human precision. The retail industry is at a pivotal moment, where traditional operating models are being pushed to their limits by the collision…

24 Mar

APEDA Flags-off of Goli Pop Soda – India’s Iconic Goli Soda for Global Markets

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#APEDAGoliPopSoda #GoliPopSodaforGlobalMarkets Revival of Goli Soda marks a major step in promoting India's homegrown beverages globally Goli Pop Soda successfully enters USA, UK, Europe, and Gulf markets with strong consumer response New Delhi: The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, Government of India, proudly announced the global resurgence of the traditional Indian Goli Soda, rebranded as Goli Pop Soda. This iconic beverage, once a household staple, is making a remarkable comeback on the global stage, driven by its innovative reinvention and strategic international expansion. The product has already made strong inroads…

24 Mar

Kotak Mutual Fund launches Rs 250 ‘Choti SIP’, Minimum of 60 Monthly SIP

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#KotakMutualFund250ChotiSIP #KotakMFund250ChotiSIP Nilesh Shah captions it as 'Choti Rakam, Bada Kadam' Mumbai: Kotak Mutual Fund has launched ‘Choti SIP’, a new initiative aimed at making mutual fund investments more accessible to a wider pool of investors, offering the Rs 250 investment option for all eligible schemes of the AMC. According to the AMC, the primary objective of Choti SIP is to lower the entry barrier for first-time investors and make mutual fund investments more inclusive. Nilesh Shah, Managing Director, Kotak Mutual Fund said the Choti SIP facility offers the chance to tap into the vast potential for mutual fund investment. Currently, only…

23 Mar

Ashwani Bhatia, SEBI Member launches NSE’s dedicated website for Indian Municipal Bonds

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#SEBINSEMCBonds #NiftyIndiaMunicipalBondIndex Chandigarh: Ashwani Bhatia, SEBI Whole-Time Member, today launched NSE’s dedicated website for municipal bonds. The website will serve as a centralized hub for market participants, offering comprehensive data on Indian municipal bonds market including issuances, credit ratings, trading volumes, intrinsic yields, and prices along with historical performance of India’s first municipal bond index – the Nifty India Municipal Bond Index. This initiative aims to enhance transparency, accessibility, and investor awareness in the municipal bonds market in India. By providing structured information and relevant updates, the initiative is set to strengthen confidence in municipal bonds as a viable investment…

22 Mar

AIR INDIA INAUGURATES CENTRE OF DIGITAL INNOVATION IN KOCHI

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CENTRE TO POWER INNOVATIVE DIGITAL TOUCHPOINTS AND ENHANCE CUSTOMER EXPERIENCE · Centre was inaugurated by Chairman of Tata Group N. Chandrasekaran, who is also the Chairman of Air India · CODi (pronounced Code-eye) will play a key role in shaping Air India as a modern, world-class airline Chandigarh: Air India, India’s leading global airline, has announced the inauguration of its newly created Air India Centre of Digital Innovation (CODi) #AirIndiaCODI in Kochi. The centre will focus on developing customer-facing digital touchpoint technologies and cutting-edge data and Artificial Intelligence capabilities, which are playing a key role in shaping Air India as a modern,…

22 Mar

SSF Plastics files draft papers for Rs 550-cr IPO

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Chandigarh: SSF Plastics India Ltd has filed preliminary papers with capital markets regulator SEBI to raise Rs 550 crore through an initial public offering (IPO). The proposed #IPOSSFPlastics #SSFPlasticsIPO IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities, according to the draft red herring prospectus (DRHP) filed on Thursday. At present, promoters and promoter group entities hold 100 per cent stake in the company. Proceeds from the fresh issue will be utilised for payment of debt, funding capital expenditure requirements for purchase…

21 Mar

CFA Institute Publishes India Finfluencer Report

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#CFAInstituteIndiaFinfluencerReport MOHALI: CFA Institute, the global association of investment professionals, today unveiled its much-anticipated India Finfluencer Report titled 'Clicks and Credibility: Understanding Finfluencers' Role in Investment Decisions', offering a comprehensive analysis of the evolving role of financial influencers, or "finfluencers," in shaping investment decisions across India's retail investor landscape. The study, based on a survey of over 1,600 investors and an in-depth analysis of 51 prominent financial influencers, reveals both the potential and the pitfalls of this growing phenomenon. Notably, only 2% of the financial influencers analysed in the report are registered with SEBI, yet 33% still offer explicit buy…