Business Archives - Page 26 of 28

20 Feb

Good News: New insurance premium payment facility via UPI from March 1

MFNewsBusiness, Insurance, Technology

This feature will allow policyholders to block funds in their bank accounts for premium payments, ensuring transactions without immediate debits. New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new premium payment mechanism, Bima-ASBA (Applications Supported by Blocked Amount), using the Unified Payments Interface (UPI). This feature will allow policyholders to block funds in their bank accounts for premium payments, ensuring transactions without immediate debits. As per IRDAI's circular issued on February 18, 2025, all insurers must offer the Bima-ASBA facility by March 1, 2025. This directive is part of the Master Circular on 'Protection of…

20 Feb

New Gold Fund: 360 ONE Asset’s new Gold ETF

MFNewsBusiness, Mutual Funds

The scheme will re-open for continuous sale and repurchase from March 10, 2025 Chandigarh: Good News! 360 ONE Mutual Fund (formerly known as IIFL Mutual Fund) introduced the 360 ONE Gold ETF on February 20, 2025. This open-ended exchange-traded fund (ETF) is designed to mirror returns linked to domestic gold prices while accounting for potential tracking errors. The NFO, which monitors gold prices within the country, will be accessible until February 28, 2025. The scheme will re-open for continuous sale and repurchase from March 10, 2025. The 360 ONE Gold ETF is a fund that is managed passively and aims…

20 Feb

Public Sector General Insurance Companies(PSGICs), become profitable again

MFNewsBusiness, Insurance

Government infuses Rs. 17,450 crore into PSGICs between 2019-20 and 2021-22 to support reforms, improve efficiency, and drive profitability New Delhi: Indian Public Sector General Insurance Companies (PSGICs), that historically reported losses, witnessed a major turn around with all of them having become profitable again. While Oriental Insurance Company Ltd. (OICL) and National Insurance Company Ltd. (NICL) started posting quarterly profits from Q4 of F.Y. 2023-24 and Q2 of F.Y. 2024-25 respectively, United India Insurance Company Ltd. (UIICL) posted profit in Q3 of FY 2024-25 after a gap of 7 years. Notably, New India Assurance Company Ltd. (NIACL) has consistently…

19 Feb

Bajaj Allianz Life Unveils Guaranteed Pension Goal II with Industry-First 30-Year Deferment Option

MFNewsBusiness, Insurance, Mutual Funds

New-age annuity plan offers flexible payout options, lifelong income security, and tailored solutions for evolving retirement needs Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, today announced the launch of Bajaj Allianz Life Guaranteed Pension Goal II, a non-linked, non-participating immediate and deferred annuity plan designed to help customers take control of their retirement planning. With an industry-first feature allowing a deferment of up to 30 years, this innovative pension plan enables individuals as young as 35 years to start securing their financial future, providing unmatched flexibility for early retirement planning. Recent study by Bajaj Allianz Life revealed that 77% of Indians…

19 Feb

98% of Home Security Breach Impact Victims Happiness – Reveals Godrej Enterprise Group’s Happiness Survey

MFNewsBusiness, Technology

The Security Solutions Business of Godrej Enterprise Group Highlights the Deep Connection between Security and True Happiness Chandigarh: Security is more than just a measure of protection—it is the foundation of peace of mind and lasting happiness. The latest ‘Happiness Survey’ conducted by the Security Solutions Business of Godrej Enterprise Group reveals that an overwhelming 98% of individuals who experienced a security breach in their homes reported a direct impact on their overall sense of security and happiness. More alarmingly, 56% of these respondents admitted that the breach had a significant to extreme effect on their well-being. With a concerning…

19 Feb

Bank launches Aadhaar-OTP based account opening facility

MFNewsBusiness, Technology

Bank launches Aadhaar-OTP based account opening facility Mumbai: With the increasing use of the internet, many tasks have become easier these days. Earlier, we had to go to the bank again and again for most of the banking related work, but now they can be done just through a mobile phone. With the entry of technology in the banking sector, opening an account has become easy. Many banks in the country are providing you the facility of opening an account from home. In this series, the public sector Indian Overseas Bank has started Aadhaar-OTP based account opening and application programming…

19 Feb

EPFO board to meet on Feb 28: decide the interest rate for the 2024-25

MFNewsBusiness, Opinions

EPFO board to meet on Feb 28: decide the interest rate for the 2024-25 New Delhi: The Employees’ Provident Fund Organisation (EPFO) will decide the interest rate for the financial year 2024-25 at its central board of trustees (CBT) meeting on February 28. The rate is expected to remain close to 8.25%, according to sources. EPFO raised the interest rate to 8.25% for FY24, the highest in three years. In FY23, it was 8.15%, up from 8.10% in FY22. The lowest rate in recent history was 8.10% in 2021-22, the lowest since 1977-78, when it stood at 8%. Over the past decade,…

19 Feb

SEBI’s new mutual fund rules from April 2025

MFNewsBusiness, Mutual Funds

Faster NFO deployment and more transparency Mumbai: The Securities and Exchange Board of India (SEBI) will implement new mutual fund rules from April 1, 2025. These changes aim to improve transparency, ensure timely fund deployment, and enhance accountability among asset management companies (AMCs). AMCs will have to deploy funds collected through New Fund Offers (NFOs) within a specified time. If they fail to do so, investors can exit without paying an exit load. This rule will prevent AMCs from raising excessive funds during NFOs and ensure proper allocation. SEBI has set a 30-day timeline for Asset Management Companies (AMCs) to deploy…

19 Feb

Jio Introduces JioTele OS: Innovation Operating System for every Smart TV

MFNewsBrands, Business, Entertainment, Technology

India’s own Smart TV operating system Enabling TV OEMs to provide world class experience at affordable price Mumbai: Jio announces launch of JioTele OS, a next-generation Smart TV operating system crafted to meet the unique needs of Indian audiences. With approx. 35 million connected TV households in India, the demand for digital entertainment continues to rise. However, many consumers encounter challenges due to the limited capabilities of their connected TVs, such as restricted customization, limited access to high-quality regional content, and the absence of seamless, premium user experience. Revolutionizing India’s Growing Connected TV Landscape Jio has positioned itself as a leader…

18 Feb

NFO’s Raining: 14 mutual fund NFOs are open for Investment as Today

MFNewsBreaking News, Business, Insurance, Mutual Funds

Chandigarh: Around 14 new mutual fund NFOs are open for subscription. Mutual fund houses launch new funds to complete their bouquet of offerings Four index funds are open for subscription and will close between February 21 to March 3. ITI Bharat Consumption Fund and HSBC Financial Services Fund are open for subscription and both will close on February 20. Invesco India Business Cycle Fund and Nippon India Active Momentum Fund are open for subscription and will close on February 20 and February 24 respectively. Scheme Name Open Date Close Date Scheme Type Bajaj Finserv Multi Cap Fund 06-Feb-2025 20-Feb-2025 Open…