Business Archives - Page 42 of 56

18 Mar

RBI says IndusInd Bank stable

MFNewsBusiness, Opinions, Shares

Chandigarh: In a reassuring update for IndusInd Bank’s customers, the Reserve Bank of India (RBI) has confirmed that the bank’s financial health remains robust. RBI emphasized that there is no cause for depositors to be concerned, urging them to remain confident as the situation is being addressed swiftly. RBI also assured that the bank’s capital adequacy ratio, liquidity coverage ratio, and provision coverage ratio remain strong, indicating that the financial position of the bank continues to be stable. For depositors, this means that their funds remain secure. IndusInd Bank has a comfortable capital adequacy ratio of 16.46% and a solid…

18 Mar

Sintex honors plumbers with ‘Sintex Nalkaar’

MFNewsBrands, Business, Opinions, Technology

Chandigarh: Sintex, India’s leading and most trusted manufacturer of quality water management solutions has launched a community campaign to express heartfelt gratitude and respect to plumbers, the unsung heroes of the nation’s water infrastructure. The campaign started from Plumbers' Day 2025 – 11th March 2025 and will conclude on 22nd March 2025 – ‘World Water Day’. This community campaign aims to recognize and spotlight the tireless efforts of plumbers through digital hoardings and various meet-and-greet events across Chhattisgarh and Punjab. During the 11 day campaign, Sintex will express gratitude to the plumbers associated with them through digital hoardings across high-traffic…

18 Mar

Empowering Women Through Aarohi: Godrej Capital’s Commitment to Inclusive Growth

MFNewsBrands, Breaking News, Business, Stocks, Technology

· Aarohi is a dedicated initiative that goes beyond enabling credit to drive inclusivity and create meaningful opportunities for women in India. #GodrejCapitalAarohi Chandigarh: Godrej Capital, the financial services arm of Godrej Industries Group, has launched Aarohi, an initiative to empower women beyond enabling credit. Aarohi will drive inclusive growth by expanding financial access, strengthening community initiatives, and increasing opportunities for women. It focuses on empowering women as customers, collaborating with channel partners, promoting inclusive hiring, and addressing well-being and representation. With a goal to positively impact 100,000 women over the next five years, Aarohi aims to foster meaningful growth.…

17 Mar

Government e Marketplace Surpasses ₹5 Lakh Crore GMV Before FY 2024-25 Year-End

MFNewsBrands, Business, Technology

#GEMGMV #GMV GeM enhances market accessibility with key policy reforms, benefiting MSEs, startups, and women-led enterprises New Delhi: The Government e Marketplace (GeM) has achieved a significant milestone by surpassing ₹5 lakh crore in Gross Merchandise Value (GMV) on its portal, more than 18 days before the close of the financial year 2024-25. This achievement highlights GeM's rapid expansion as a primary tool for public procurement, serving a buyer base of over 1.6 lakh government entities. Notably, the leap from ₹4 lakh crore to ₹5 lakh crore was accomplished in less than 50 days since crossing the previous benchmark on…

17 Mar

Cosmo Specialty Chemicals Boosts High-Speed Manufacturing with Advanced Heat Seal Technology

MFNewsBrands, Business, Technology

Chandigarh: Cosmo Specialty Chemicals, a 100% subsidiary of Cosmo First and a one-stop solution for a range of Adhesives, Masterbatches, and Coating Chemicals, has announced the launch of its innovative COSEAL-601 heat seal coating solution. The company’s heat seal coating technology has demonstrated remarkable market performance, consistently outperforming industry benchmarks across various temperature ranges. Recent performance data shows COSEAL-601 achieving superior sealing strength compared to market alternatives, particularly in the crucial 120-160°C temperature range. The product has demonstrated exceptional versatility across both 2-ply and 3-ply aluminium foil laminated structures, making it ideal for diverse packaging applications. Backed by strong financial…

17 Mar

The cumulative exports during April-Feb 24-25 is estimated at USD 750.53 Billion, growth of 6.24%

MFNewsBusiness, Opinions, Shares, Technology

#Indiaexports As compared to USD 706.43 Billion in April-February2023-24, an estimated growth of 6.24% New Delhi: India’s total exports (Merchandise and Services combined) for February2025* is estimated at USD 71.95 Billion, registering a positivegrowth of 3.16 percent vis-à-vis February2024.Total imports (Merchandise and Services combined) for February2025 is estimated at USD 67.52 Billion, registering a negative growth of (-)11.34 percent vis-à-vis February2024. The data for February2025 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-February2023-24 and April-September2024 has been revised on pro-rata basis using quarterly balance of payments data. India’s total exports during April-February2024-25*…

17 Mar

Mahindra Launches XUV700 Ebony Limited Edition

MFNewsBrands, Business, Entertainment, Sports, Technology, Travel

Designed to ‘Outshine the Dark’ Chandigarh: Mahindra & Mahindra Ltd., India’s leading SUV manufacturer, today launched the XUV700 Ebony Limited Edition—a striking new avatar that amplifies the XUV700’s unmissable presence and sophisticated design. Starting at ₹ 19.64 Lakh (ex-showroom), this exclusive variant is set to outshine the dark with its captivating dual black-and-silver aesthetic. Crafted for those who refuse to blend in, the Mahindra XUV700 Ebony Edition embraces a Stealth black exterior accentuated by brushed silver skid plates. Black-on-black grille inserts and blacked-out ORVMs create an imperious front profile, while the R18 black alloy wheels lend a refined edge to…

17 Mar

Ambuja Cements transforms agriculture in Maharashtra’s dry terrains through terrace farming

MFNewsBrands, Business, Opinions, Technology

Chandigarh: Ambuja Cements, #AmbujaCements the cement and building material company of the diversified Adani Portfolio, is driving agricultural transformation in the dry, hilly regions of Jiwati Taluka, Nagpur, and Chandrapur through its CSR efforts. To combat soil erosion, water scarcity, and low farm yields, the CSR team introduced terrace farming, enabling 15 farmers to convert 6 hectares of fallow land into cultivable fields. In Jiwati, farmer Ananadrao Kodape had faced severe cultivation challenges on his uneven land earlier. With support from Ambuja Cements’ CSR team, he adopted terrace farming, improved soil moisture retention, and diversified his crops, doubling his income…

17 Mar

EPFO has taken several steps to streamline the process of claim settlement

MFNewsBusiness, Opinions, Technology

Steps Taken by EPFO to Streamline Process of Claim Settlement New Delhi: EPFO has taken several steps to streamline the process of claim settlement. The auto-mode claims are processed within three days. EPFO achieved a historic high of 2.16 crore auto-claims settlement as on 06.03.2025 during the current financial year, up from 89.52 lakh in FY 2023-24. For Auto mode processing of advance claims, the amount limit has been enhanced to Rupees One lakh. Further, in addition to illness / hospitalization advances, the advances for housing, education and marriage are also enabled for auto mode processing. Now, 60% of advance…

17 Mar

India recorded 9.52 million Foreign Tourist Arrivals in 2023, 47.90% increase compared to 2022

MFNewsBusiness, Entertainment, Travel

FTAs have recovered to 87.1% of the pre-pandemic levels closely aligning with the global recovery rate of 88.8% and surpassing the Asia-Pacific region's recovery rate of 65.4%. #BoostingofLeisureTourisminIndia New Delhi: As per data from the Bureau of Immigration, India recorded 9.52 million Foreign Tourist Arrivals (FTAs) in 2023, reflecting a 47.90% increase compared to 2022. The number of FTAs for Leisure, Holiday, and Recreation in 2023 was 4.40 million, registering an 86.96% growth compared to 2022. Similarly, FTAs for Business and Professional purposes stood at 0.98 million in 2023, marking a 49.66% increase from the previous year. FTAs have recovered…