Business Archives - Page 28 of 28

16 Feb

Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care

MFNewsBusiness, Health

Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care Mumbai: Bajaj Consumer Care Limited, a leader in India’s consumer care space, has announced the acquisition of company Vishal Personal Care that owned Banjara’s, a well-established and trusted hair and skin care brand. This announcement came on Feb 14, 2025, after the board meeting of Bajaj Consumer Care, that owns the flagship Bajaj Almond Drops brand. This strategic move aligns with Bajaj Consumer Care’s (BCCL) vision to expand its footprint across Indian markets, leveraging the growing demand for natural and Ayurvedic personal care products. Under the terms of…

15 Feb

PM Modi hails US-India ‘mega partnership’ in Trump meeting

MFNewsBusiness

Modi hails US-India 'mega partnership' in Trump meeting New Delhi: India's Prime Minister Narendra Modi has hailed a "mega partnership" with the US, as he and US President Donald Trump agreed on a deal for Delhi to import more American oil and gas. Modi's two-day visit comes as Trump recently ordered that all the US' trading partners - including India - should face sweeping reciprocal tariffs. While both men praised each other's leadership, Trump criticised India for having some of the highest trade tariffs in the world, calling them a "big problem". The Indian leader, seeking to soften impending trade barriers, said…

15 Feb

Exports of electronic products surged to ₹2,411 billion in FY24

MFNewsBusiness, Insurance, Opinions, Technology

Exports of electronic products surged to ₹2,411 billion in FY24 India’s electronics industry is booming! Mumbai: Exports of electronic products surged to ₹2,411 billion in FY24, while consumer electronics production crossed ₹994 billion in 2023. Driven by government incentives, rising domestic demand, and shifts in global supply chains, the sector is transforming rapidly.

15 Feb

Prudential Plc Considering For The listing of ICICI Prudential Asset Management Company

MFNewsBusiness, Insurance, Opinions, Technology

Prudential Plc Considering For The listing of ICICI Prudential Asset Management Company Chandigarh: Prudential Plc is considering the listing of ICICI Prudential Asset Management Company (AMC), India’s second-largest mutual fund (MF) with assets of over -9 trillion.Through the IPO, the London-headquartered financial major plans to divest some of its 49 per cent stake. Shares of Prudential rallied over 6 per cent after the announcement on the London Stock Exchange. In 2016, Prudential had divested its stake in ICICI Prudential Life Insurance Company, another joint venture firm with the ICICI Bank group. Currently, ICICI Bank owns 51 per cent stake in…

15 Feb

Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund for ULIP customers

MFNewsBusiness, Health, Insurance, Opinions, Technology, Travel

Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund for ULIP customers Chandigarh: Bajaj Allianz Life Insurance, one of India's leading private life insurer, today announced the launch of its new index based fund - Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, which will be available along with its ULIP products. Along with a life cover, this new fund offers ULIP customers a unique opportunity to capitalize on the growth potential of multi-cap stocks with momentum and quality factors, to diversify their portfolios, and enjoy the benefits of an index-based investment approach. The Nifty…

15 Feb

Bank of India Raises ₹2,690 Crore through 10-Year Infrastructure Bonds at 7.50% p.a

MFNewsBusiness, Entertainment, Insurance

Bank of India Raises ₹2,690 Crore through 10-Year Infrastructure Bonds at 7.50% p.a Chandigarh: Bank of India, a leading Public Sector Bank, has raised 10 years Infrastructure Bonds of Rs.2,690 crore @ 7.50% p.a, today through NSE Electronic Bidding Platform. The Base Issue size was Rs.1,500 crore with Green Shoe option of Rs.3,500 crore. Bank received total of 94 bids amounting to Rs.8,845 crore, 5.90 times of the Base issue size. Bank accepted bids at cut-off coupon of 7.50% of Rs.2,690 crore. There were 26 successful bids. The funds raised through Long Term Bonds will be used for funding long…

15 Feb

SEBI relaxes timelines to send Consolidated Account Statement for AMCs and RTAs

MFNewsBusiness, Insurance, Technology

SEBI relaxes timelines to send Consolidated Account Statement for AMCs and RTAs SEBI has revised timelines for monthly and half-yearly CAS. Mumbai: In a recircular, SEBI has revised timelines for AMCs and RTAs to send the monthly and half-yearly CAS. Currently, the AMCs provide data of investment of PAN holders to the depositories before 3rd of the next month, following which the CAS are dispatched before the 10th by the depositories. According to the revised timelines, the AMCs and RTAs will now have to share the monthly PAN data to the depositories on or before 5th of the next month.…

15 Feb

Sebi launches MITRA to help investors trace inactive mutual fund folios

MFNewsBusiness, Insurance, Mutual Funds, Opinions, Shares, Technology

Sebi launches MITRA to help investors trace inactive mutual fund folios Mumbai: Sebi on Wednesday introduced a new digital platform, MITRA, to assist investors in tracking and reclaiming inactive or unclaimed mutual fund folios. The objective of the platform, Mutual Fund Investment Tracing and Retrieval Assistant, is to encourage investors to search for forgotten MF investments and update KYC as per the current norms. In a circular, Sebi said the platform addresses a growing concern wherein investors, over time, lose track of their mutual fund investments lack of updated contact information, or unawareness of investments made in their name. Hindenburg's Nate…

15 Feb

Aditya Birla Sun Life Mutual Fund Presents Annual Market Outlook 2025

MFNewsBusiness, Insurance, Opinions

Aditya Birla Sun Life Mutual Fund Presents Annual Market Outlook 2025 Mumbai: The year 2025 is poised to be one of macroeconomic turbulence, with significant policy shifts and global trade uncertainties creating a volatile environment. In the US, Trump’s return to the political stage promises a range of fiscal measures including more tax cuts, stricter immigration policies, and tariffs on imports. While these policies are expansionary and inflationary, they seem to run counter to the current macroeconomic backdrop, characterized by rising bond yields, an appreciating dollar, and concerns over fiscal deficits. With inflation projected to settle at around 2.5%, the…

05 Feb

Planning for Financial Independence in Retirement

MFNewsBusiness, Entertainment, Health, Insurance, Mutual Funds, Opinions, Shares, Sports, Technology

Gaurab Parija, Head- Sales & Marketing, Bandhan AMC Planning for Financial Independence in Retirement Achieving financial independence for retirement is an aspiration that requires careful planning and disciplined execution. It is important to understand that this process is a long-term journey, involving multiple steps and steady adjustments. Considering one’s current financial conditions, setting clear goals, and building a solid savings plan, all make up important parts of what your life after retirement will look like. The main aim of a robust retirement plan is not just about reaching a state where one’s savings and investments cover basic living expenses but…