Breaking News Archives - Page 8 of 9

28 Feb

MOU: Renewal of the Bilateral Swap Arrangement between Japan and India

MFNewsBreaking News, Business, Opinions

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,…

28 Feb

National Stock Exchange of India (NSE) and Government of Goa Join

MFNewsBreaking News, Business, Shares, Technology, Travel

Hands to Launch ‘Student Skilling Program’ in BFSI Sector Goa: The National Stock Exchange of India (NSE) and the Government of Goa have joined forces to launch the ‘Student Skilling Program’ aiming to equip the youth of Goa with industry relevant skills in Banking, Financial Services, and Insurance (BFSI) sector. A Memorandum of Understanding (MoU) has been signed between the two entities, marking a significant step towards empowering young individuals with industry-relevant skills and enhancing their employability in the BFSI sector. Goa is the 5th state after Uttarakhand, Meghalaya, Chhattisgarh and Assam to partner with NSE on skilling youth. The…

27 Feb

PUNJAB’s NEW EXCISE POLICY 2025-26 GENERATE EXCISE REVENUE OF RS. 11020 CRORES, CABINET APPROVES

MFNewsBreaking News, Business, Opinions

NEW POLICY AIMS TO GENERATE EXCISE REVENUE OF RS. 11020 CRORES WITH AN INCREASE OF 8.61% AS COMPARED TO LAST YEAR Chandigarh: The Punjab Cabinet led by the Chief Minister Bhagwant Singh Mann gave nod to the Excise policy 2025-26 which aims to collect excise revenue of Rs. 11020 crores during the financial year 2025-26, projecting an increase of Rs. 874.05 crores (8.61%) over the previous financial year’s targets. A decision to this effect was taken by the Council of Ministers in a meeting held under the chairmanship of the Chief Minister here at his official residence today. Disclosing this…

27 Feb

EPFO: Rationalization of Validations and Partial Withdrawals through simplified processes

MFNewsBreaking News, Business, Technology

EPFO reaffirmed its commitment to digital transformation and faster claim settlements and pension disbursements New Delhi: With the goal of providing ease of living for its members, EPFO is working on a plan for simplification of claim processing, including rationalization of validations for partial withdrawals. EC was also provided an update on the progress. A technical committee has recommended simplification of validations in Form 31 for advance withdrawals. EC decided that the reduction in unnecessary validations and the implementation of simplified partial withdrawals should be carried out in parallel with ongoing IT reforms. It was emphasized that these measures would significantly enhance…

27 Feb

Bajaj Allianz Life Becomes the First Insurer to Go Live with Bima-ASBA Facility

MFNewsBreaking News, Business, Health, Insurance, Technology

This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) Chandigarh: Bajaj Allianz Life, one of India’s leading private life insurers, has become the first insurer to go live with the BIMA- Application Supported by Blocked Amount facility (Bima-ASBA). This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) initiative to bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and…

26 Feb

NSE and Government of Assam sign MOU to skill youth in BFSI sector at Advantage Assam 2.0

MFNewsBreaking News, Business, Mutual Funds, Shares, Technology

This project will enhance employability and self-employment opportunities in the BFSI sector. Mumbai: National Stock Exchange (NSE), India’s leading stock exchange and the Government of Assam signed a Memorandum of Understanding (MoU) to implement a student skilling program for the youth of Assam in the Banking, Financial Services and Insurance (BFSI) sector at the Advantage Assam 2.0 Summit. Assam is the 4th state after Uttarakhand, Meghalaya and Chhattisgarh to partner with NSE on skilling youth. The MOU was exchanged between Shri Narayan Konwar, Secretary, Higher Education Department, Government of Assam and Shri Sriram Krishnan, Chief Business Development Officer, NSE, in…

25 Feb

Tata Motors Launches Exclusive STEALTH Edition limited to just 2700 units

MFNewsBrands, Breaking News, Business, Technology, Travel

Tata Motors Launches Exclusive STEALTH Edition limited to just 2700 units Mumbai: Tata Motors, India’s leading SUV manufacturer, proudly celebrates 27 iconic years of the Tata Safari with the launch of the exclusive, limited STEALTH Edition—a bold and sophisticated embodiment of luxury, power, and exclusivity. Limited to just 2,700 units, this premium edition will be available in both the Harrier and Safari redefining exclusivity and finest SUV aesthetics. With sleek, monotone finishes leading the charge, this STEALTH lineup sparks a fresh wave of desirability showcasing the evolving customer preferences of owning a vehicle which is one its kind. With just…

25 Feb

OTT platform ‘Oceaniek Stream’ launched with premiere of its new show ‘Wedding India The Culture Love’

MFNewsBrands, Breaking News, Entertainment, Technology

“We will present family oriented infotainment in an OTT landscape filled with ‘black humour’ & unwarranted content,” Jaspreet Preeti Shahid, Producer, Wedding India The Culture Love’ Show Chandigarh: To make a wave in the digital entertainment world, a new OTT platform, Oceaniek Stream, was formally unveiled with its logo by Oceaniek International at a grand launch event held at Hyatt Regency, Chandigarh. The evening was filled with glamour and excitement, as a galaxy of stars from the Pollywood and Bollywood industries graced the grand launch, adding their sparkle to the event. In addition to the launch, on this momentous occasion, an…

25 Feb

Changes in Nifty Fixed Income indices

MFNewsBreaking News, Stocks

The above replacements will also be applicable to Nifty India Government Fully Accessible Route (FAR) Select 7 Bonds Index (INR) Mumbai: The Index Maintenance Sub-Committee (Debt) of NSE Indices Limited has decided to make changes as listed hereunder. These changes shall become effective from February 28, 2025. Nifty India Government Fully Accessible Route (FAR) Select 7 Bonds Index (USD) The following security is being Excluded: Sr. No. ISIN Security Maturity 1 IN0020230036 7.17% GOVT. STOCK 2030 17-Apr-30 The following security is being Included: ISIN Security Maturity IN0020220037 7.38% GOVT. STOCK 2027 20-Jun-27 The above replacements will also be applicable to…

25 Feb

SEBI has issued consultation paper on technology-based measures to create secure trading environment

MFNewsBreaking News, Business, Shares, Stocks, Technology

to prevent unauthorized transactions in trading/demat account of investors Mumbai: SEBI has issued consultation paper on technology-based measures to create secure trading environment and to prevent unauthorized transaction in trading and demat account, on February 18, 2025. The said consultation paper is available on SEBI website. In continuation to the said consultation paper, stock exchanges shall be issuing detailed guidelines w.r.t. procedure, process and manner of implementation of the framework proposed in the said SEBI consultation paper. The draft guidelines on procedure & process on implementation is attached as Annexure – 1. In this regard all stakeholders are requested to…