Business Archives - Page 51 of 56

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%

MFNewsBreaking News, Business, Opinions, Shares

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

MFNewsBreaking News, Business, Insurance, Opinions

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

MFNewsBreaking News, Business, Opinions

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,…

28 Feb

National Stock Exchange of India (NSE) and Government of Goa Join

MFNewsBreaking News, Business, Shares, Technology, Travel

Hands to Launch ‘Student Skilling Program’ in BFSI Sector Goa: The National Stock Exchange of India (NSE) and the Government of Goa have joined forces to launch the ‘Student Skilling Program’ aiming to equip the youth of Goa with industry relevant skills in Banking, Financial Services, and Insurance (BFSI) sector. A Memorandum of Understanding (MoU) has been signed between the two entities, marking a significant step towards empowering young individuals with industry-relevant skills and enhancing their employability in the BFSI sector. Goa is the 5th state after Uttarakhand, Meghalaya, Chhattisgarh and Assam to partner with NSE on skilling youth. The…

27 Feb

PUNJAB’s NEW EXCISE POLICY 2025-26 GENERATE EXCISE REVENUE OF RS. 11020 CRORES, CABINET APPROVES

MFNewsBreaking News, Business, Opinions

NEW POLICY AIMS TO GENERATE EXCISE REVENUE OF RS. 11020 CRORES WITH AN INCREASE OF 8.61% AS COMPARED TO LAST YEAR Chandigarh: The Punjab Cabinet led by the Chief Minister Bhagwant Singh Mann gave nod to the Excise policy 2025-26 which aims to collect excise revenue of Rs. 11020 crores during the financial year 2025-26, projecting an increase of Rs. 874.05 crores (8.61%) over the previous financial year’s targets. A decision to this effect was taken by the Council of Ministers in a meeting held under the chairmanship of the Chief Minister here at his official residence today. Disclosing this…

27 Feb

EPFO: Rationalization of Validations and Partial Withdrawals through simplified processes

MFNewsBreaking News, Business, Technology

EPFO reaffirmed its commitment to digital transformation and faster claim settlements and pension disbursements New Delhi: With the goal of providing ease of living for its members, EPFO is working on a plan for simplification of claim processing, including rationalization of validations for partial withdrawals. EC was also provided an update on the progress. A technical committee has recommended simplification of validations in Form 31 for advance withdrawals. EC decided that the reduction in unnecessary validations and the implementation of simplified partial withdrawals should be carried out in parallel with ongoing IT reforms. It was emphasized that these measures would significantly enhance…

27 Feb

Swaraj in increasing women representation – growing from just 1.5% in 2013 to over 10% in 2024

MFNewsBrands, Business, Technology

Udaiti Foundation Highlights Transformative Progress in Gender Diversity at Swaraj Tractors and Swaraj Engines Mohali: The Udaiti Foundation has released a study showcasing the remarkable strides made by Mahindra’s Swaraj Division and Swaraj Engines Limited (Swaraj) in fostering gender diversity on shop floors. The study highlights the efforts of Swaraj in increasing women representation - growing from just 1.5% in 2013 to over 10% in 2024, thereby setting a benchmark for India’s tractor manufacturing sector. Women employees have lower absenteeism and higher retention rates, contributing to enhanced productivity and operational efficiency, hence making a strong case for their inclusion in the…

27 Feb

Bajaj Allianz Life Becomes the First Insurer to Go Live with Bima-ASBA Facility

MFNewsBreaking News, Business, Health, Insurance, Technology

This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) Chandigarh: Bajaj Allianz Life, one of India’s leading private life insurers, has become the first insurer to go live with the BIMA- Application Supported by Blocked Amount facility (Bima-ASBA). This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) initiative to bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and…