Business Archives - Page 35 of 40

03 Mar

SEBI would be initiating appropriate legal steps to challenge the Order of ACB Court

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Order in respect of allegations pertaining to the listing of a Company Mumbai: A Miscellaneous Application was filed before the ACB Court, Mumbai against the former Chairperson of SEBI, three current Whole Time Members of SEBI and two officials of the BSE. The application sought directions for the Police to register an FIR and investigate into the alleged irregularities in granting listing permission to a Company on the Bombay Stock Exchange in 1994, without complying with the provisions of the SEBI Act, 1992, SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015. Even though these officials were not holding…

01 Mar

AMFI Summit 2025: Domestic investors will shape India’s future, not Foreign Institutional Investors

MFNewsBreaking News, Business, Mutual Funds, Opinions

Union Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry's role in India's growth at AMFI Summit 2025 Shri Goyal urges industry to safeguard small investors and minimise market volatility Mumbai: The mutual funds industry has played a pivotal role in India’s growth story by encouraging financial literacy and taking innovative financial ideas to the industry and the investors. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal during his address as a Chief Guest at the Association of Mutual Funds in India (AMFI) Mutual Fund Summit 2025 today in Mumbai. The Minister…

01 Mar

₹2000 banknotes: ₹6,471 crore worth notes still in market, 98.18% back to RBI

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New Delhi: The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹6,471 crore at the close of business on February 28, 2025. Thus, 98.18% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned. The ₹2000 banknotes continue to be legal tender. The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by…

01 Mar

बाजार में गिरावट के दौरान म्यूचुअल फंड लॉन्गटर्म में फायदेमंद

MFNewsBreaking News, Business, Mutual Funds, Opinions

बाजार की गिरावट और उसमें रिकवरी के समय का अंदाज न लगाए, एसआईपी जारी रखें मुंबई: बीते पांच सालों में भारतीय म्यूचुअल फंड सेक्टर जितनी तेजी से बढ़ा है, उतना बीते 30 सालों में नहीं बढ़ा था। हालांकि मौजूदा गिरावट के चलते इस समय म्यूचुअल फंड्स में निवेश करने वाले नए निवेशक डरे हुए हैं और बीते साल में शुरुआत करने वाले निवेश किया गया पैसा रिटर्न की बजाए घट जाने से घबराए हुए हैं। ऐसे में ये बात ध्यान में रखें कि दशकों से म्यूचुअल फंड्स में एसआईपी या अन्य माध्यम से निवेश करने वालों ने इस गिरावट में…

01 Mar

Safe Investment: External Reasons and Domestic Fall

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Downfall in Indian Stocks and Mutual Funds, wealth of Indian retail investors badly hits Lavanya Singla Chandigarh: The Indian share market has witnessed a significant downfall in recent times, driven by a combination of domestic and global factors. This decline has led to considerable volatility, affecting investor sentiment and economic outlook. One of the primary reasons behind this downturn is global economic uncertainty. Rising inflation across major economies, aggressive interest rate hikes by central banks like the US Federal Reserve, and fears of a global recession have created a ripple effect on emerging markets like India. As foreign institutional investors…

01 Mar

60% of Indian retailers see technology as key to competitiveness: PwC India Report

MFNewsBrands, Business, Opinions, Technology

Despite a strong demand for in-store interactions, 53% of traditional retail stores surveyed have yet to adopt technology solutions. Chandigarh: PwC India has launched a report titled, "The Retail Reinvention Paradigm: How brands could up their game," at the Retailers Association of India’s (RAI) Retail Leadership Summit in Mumbai today. According to the report, 60% of brick-and-mortar retailers surveyed believe that improved access to technology can empower them to enhance their competitiveness in this evolving market. The report emphasises the use of AI-driven analytics for personalised experiences, mobile apps for consumer engagement, and modern POS (Point of Sale) systems for…

28 Feb

GDP: In Q3 India’s GDP grows at 6.2%, FY25 forecast revised to 6.5%

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Real GDP has been estimated to grow by 6.5% in FY 2024-25. New Delhi: India’s real gross domestic product (GDP) growth for the third quarter (Q3) of financial year 2024-25 (FY25) was 6.2%. The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), released these Statistics on Friday. Real GDP has been estimated to grow by 6.5% in FY 2024-25. Nominal GDP is expected to witness a growth rate of 9.9% in FY 2024-25. Both the growth rates are revised upward from their respective First Advance Estimates. This growth has been contributed by double-digit growth rates in ‘Manufacturing’ sector (12.3%),…

28 Feb

वित्तीय वर्ष 2024-25 के लिए ईपीएफ पर मिलेगा 8.25% की दर से ब्याज

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ईडीएलआई योजना में प्रमुख संशोधनों को अनुमति; इससे सदस्यों के परिवार को अधिक वित्तीय सुरक्षा और सहायता मिलेगी नई दिल्ली: वित्तीय वर्ष 2024-25 के लिए सीबीटी ने सदस्यों के खातों में ईपीएफ संचय पर 8.25% वार्षिक ब्याज दर जमा करने की सिफारिश की है। केंद्र सरकार द्वारा ब्याज दर को आधिकारिक रूप से अधिसूचित करने के बाद बाद ईपीएफओ ग्राहकों के खातों में ब्याज दर जमा करेगा। ये फैसला केंद्रीय श्रम एवं रोजगार तथा युवा कार्यक्रम एवं खेल मंत्री डॉ. मनसुख मांडविया ने आज नई दिल्ली में कर्मचारी भविष्य निधि (ईपीएफ) के केंद्रीय न्यासी बोर्ड (सीबीटी), की 237 वीं बैठक…

28 Feb

The new BMW 3 Series Long Wheelbase launched in India.

MFNewsBrands, Breaking News, Business, Entertainment, Technology, Travel

Most Powerful Petrol engine in its segment, with the iconic BMW B48 engine pushing out 258 hp and 400 Nm of Torque Gurugram. The new BMW 3 Series Long Wheelbase was launched in India today. Locally produced at BMW Group Plant Chennai, the car is available in the petrol variant at all BMW India dealerships. The diesel variant will be launched later. Mr. Vikram Pawah, President, BMW Group India said, “The new BMW 3 Series Long Wheelbase has set new standards in its segment with an elongated design, enhanced space, luxurious comfort and dynamic performance. Impressive in every way, it…

28 Feb

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

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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,…