Business Archives - Page 23 of 36

16 Mar

CPI inflation moderated to a 7-month low of 3.6% in February 2025, sharp decline in vegetable prices.

MFNewsBusiness, Opinions, Shares, Technology

Inflation and Economic Trends in India Core inflation crossed 4% for the first time in 14 months, reaching 4.08%. Industrial growth strengthened, with IIP expanding by 5.0% in January 2025, led by manufacturing and mining. Rural inflation remains higher than urban inflation, influenced by food price trends. Imported inflation surged, rising from 1.3% in June 2024 to 31.1% in February 2025, driven by rising prices of precious metals, oils, and fats. RBI expected to implement at least 75 basis points of rate cuts in 2025, with successive reductions anticipated in April and August. Corporate performance remains strong, with revenue, EBITDA,…

16 Mar

CCI for its impactful role in curbing abusive conduct of dominant enterprises: Harsh

MFNewsBusiness, Opinions, Technology

CCI Organises 10th Edition of National Conference on Economics of Competition Law Minister of State, Shri Harsh Malhotra compliments CCI for its impactful role in curbing abusive conduct of dominant enterprises New Delhi: The Competition Commission of India (CCI) organised the 10th National Conference on Economics of Competition Law in New Delhi today. Shri Harsh Malhotra, Minister of State in the Ministry of Corporate Affairs; and Minister of State in the Ministry of Road Transport and Highways was the Keynote Speaker at the Conference. Smt Ravneet Kaur, Chairperson, Competition Commission of India delivered the Special Address at the Inaugural Session…

16 Mar

India-New Zealand announce launch of FTA negotiations

MFNewsBusiness, Opinions

Both countries have continuously worked towards building their bilateral relationship encompassing trade and investment #India-NewZealandFTA New Delhi: India and New Zealand share a longstanding partnership founded on shared democratic values, strong people-to-people ties, and economic complementarities. Both countries have continuously worked towards building their bilateral relationship encompassing trade and investment. On the eve of the bilateral meeting between the Hon’ble Prime Minister of India, Shri Narendra Modi and the Right Honourable Christopher Luxon, Prime Minister of New Zealand and in the spirit of deepening our economic co-operation, the two nations are pleased to announce the launch of negotiations for a…

16 Mar

PM applauds Reserve Bank of India for Winning Digital Transformation Award 2025

MFNewsBusiness, Opinions, Technology

Central Banking, London, UK, recognizing its innovative digital initiatives—Pravaah and Sarthi—developed by its in-house developer team #RBIaward New Delhi: The Prime Minister, Shri Narendra Modi applauded Reserve Bank of India (RBI) for Winning Digital Transformation Award 2025. RBI has been honored with the Digital Transformation Award 2025 by Central Banking, London, UK, recognizing its innovative digital initiatives—Pravaah and Sarthi—developed by its in-house developer team. Commending the achievement, the Prime Minister wrote on X; https://twitter.com/narendramodi/status/1901185108272398706 “A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance. Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives.”

16 Mar

Electronics Technology for Hyperloop Project to be developed at ICF Chennai, Testing Starts

MFNewsBusiness, Opinions, Technology, Travel

410-meter-long Hyperloop test tube located at IIT Chennai is the longest Hyperloop test facility in Asia #HyperloopIndia #HyperloopICFChennai Chennai: Union Minister for Railways, Information and Broadcasting, and Information Technology, Shri Ashwini Vaishnaw, informed that the electronics component technology for the Hyperloop project will be developed at the Integral Coach Factory (ICF) in Chennai. He visited the Hyperloop testing facility at IIT Madras Discovery Campus and witnessed a live demonstration. Minister Ashwini Vaishnaw, stated that the 410-meter-long Hyperloop test tube located at IIT Chennai is the longest Hyperloop test facility in Asia. Speaking to the journalists, the Minister said that the entire…

16 Mar

Redemption Price for final redemption of SGB 2016-17 Series IV due on March 17, 2025

MFNewsBreaking News, Business

#SGBScheme: Final redemption under Sovereign Gold Bond (SGB) Scheme New Delhi: In terms of GOI Notification F.No.4(16)-W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV - Issue date March 17, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be March 17, 2025. Further, the redemption price of SGB shall be based on the simple average of closing price of gold of 999 purity of the week (Monday-Friday), preceding the date of…

16 Mar

New SIF from 1 April: Specialised Investment Funds, with a minimum investment of Rs 10 lakh

MFNewsBreaking News, Business, Mutual Funds

By: Nandana These investment strategies could include exposure to equity, debt, real estate investment trusts (REITs) or derivatives like futures and options (F&O). Mumbai: a new investment vehicle that sits at the intersection of mutual funds and portfolio management service (PMS). Called ‘Specialised Investment Funds’ or SIF, these products will have a minimum investment threshold of Rs 10 lakh and offer investors exposure to advanced investment strategies. Many mutual fund companies are preparing to launch SIF from April 1 which will give investors an opportunity to invest. These new funds will start getting announced in the coming days. These investment…

15 Mar

IndusInd bank is well-capitalised and the financial position of the bank satisfactory: RBI

MFNewsBreaking News, Business, Mutual Funds, Shares

#IndusIndBank #RBIIndusIndBank The bank’s financial health remains stable and is being monitored closely by Reserve Bank Mumbai: There has been some speculation relating to IndusInd Bank Ltd. in certain quarters, perhaps arising from recent events related to the bank. The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory. As per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank has maintained a comfortable Capital Adequacy Ratio of 16.46 per cent and Provision Coverage Ratio of 70.20 per cent. The Liquidity Coverage Ratio…

15 Mar

6G Spectrum Technology expected to be available by 2030 in India

MFNewsBrands, Business, Shares, Technology

Department of Telecom has facilitated setting up of 'Bharat 6G Alliance #6Ginindia #Bharat6GAlliance New Delhi: Currently, the 6G technology is under development phase at international level and is expected to be available by 2030. Hon'ble Prime Minister has released India's 6G vision "Bharat 6G Vision" document on March 23, 2023 which envisaged India to be a frontline contributor in design, development and deployment of 6G technology by 2030. Bharat 6G Vision is based on principles of affordability, sustainability and ubiquity. Also, Department of Telecom has facilitated setting up of 'Bharat 6G Alliance' which is an alliance of domestic industry, academia,…

15 Mar

BIS cracks down on E-Commerce platforms selling unsafe Non-Certified products

MFNewsBrands, Business, Technology

BIS has carried out search and seizure operations at multiple warehouse locations of leading e-commerce platforms, including Amazon and Flipkart, in cities like Lucknow, Gurugram and Delhi New Delhi: To curb the distribution of non-compliant products through e-commerce platforms, Bureau of Indian Standards (BIS-#BISe-commerce) has carried out search and seizure operations at multiple warehouse locations of leading e-commerce platforms, including Amazon and Flipkart, in cities like Lucknow, Gurugram and Delhi. In a recent raid conducted on 07 March 2025 at an Amazon warehouse in Lucknow, BIS seized 215 toys and 24 hand blenders, all lacking mandatory BIS certification. Earlier, in…