Business Archives - Page 6 of 36

05 Apr

NFO: ICICI Prudential MF launches EV and New Age Automotive fund FOF Close by 10 April

MFNews0 CommentsBreaking News, Business, Mutual Funds, Technology

#NFOICICIPrudentialMFEVFOF Mumbai: ICICI Prudential Nifty EV & New Age Automotive ETF subscription closing by 10 April, 2025. The open-ended Exchange-Traded Fund will be tracking the Nifty EV & New Age Automotive Index. The fund house is also introducing the ICICI Prudential Nifty EV & New Age Automotive ETF Fund of Funds (FOF), so that investors who don't have a Demat account too can participate in this scheme. "This launch provides investors with an opportunity to gain exposure to India’s rapidly expanding EV and new-age automotive sector, which includes electric two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, battery manufacturers, components, raw materials suppliers,…

05 Apr

PLI SCHEME FOR AUTOMOBILE AND AUTO COMPONENT INDUSTRY WITH ₹25,938 Crore

MFNews0 CommentsBusiness, Shares, Technology, Travel

#PLISCHEMEAUTOINDUSTRY New Delhi: Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry (PLI-Auto Scheme) has an outlay of ₹25,938 crore. During FY 2024- 25, Incentive claims of ₹322.12 crore have been received from 4 (four) applicants. Till 28.02.2025, ₹246.21 crore have been disbursed to 2(two) applicants. Incentive under PLI-Auto scheme is applicable on determined sales value defined as the incremental eligible salesof a particular year over base year (i.e. FY 2019-20).There is no target for increment sales as of February, 2025. Till 31.12.2024, cumulative determined sales of electric vehicles is ₹14,657 crore under the PLI-Auto scheme. This information…

05 Apr

SEBI And NSE Released Revised list of designated Qualified Stock Brokers (QSBs)

MFNews0 CommentsBusiness, Opinions, Shares, Stocks

Chandigarh: Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, occupy a significant position in the Indian securities market, leading to concentration of activity among few stock brokers. In order to further strengthen the compliance and monitoring requirements relating to such stock brokers and to ensure efficient functioning of securities market, SEBI vide Circulars No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 and SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/14 dated March 11, 2024, on “Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)” enumerated the following parameters for designating certain stock brokers, as QSBs. 1. …

05 Apr

AIR INDIA INTEGRATES APPLE AIRTAG LOCATION FEATURE FOR BAGGAGE TRACKING

MFNews0 CommentsBrands, Business, Opinions, Technology, Travel

#AIRINDIAAPPLEAIRTAG · Air India has become the first airline in Asia to integrate this service for its guests Chandigarh: Air India, India’s leading global airline, has integrated Apple AirTag with its baggage-tracking system and mobile app, allowing customers using Apple iPhone, iPad or Mac devices* to securely track the location of their baggage. Air India is the first airline in Asia to offer this integrated tracking service to guests. Air India transports more than 100 million items of baggage annually, with more than 99.6% of items arriving together with the accompanying customer. For the small proportion that does not, due to…

05 Apr

Nikhil Kamath’s Gruhas leads ₹12.5 Cr investment in LehLah

MFNews0 CommentsBrands, Business, Opinions, Technology

#NikhilKamathGruhasLehLah Chandigarh: LehLah, a creator-led content commerce startup, has raised INR 12.5 cr in its seed funding round, led by Gruhas, a company co-founded by Nikhil Kamath and Abhijeet Pai. This investment highlights the growing appeal and market presence of LehLah. The funds will be utilised for product development, increasing brand visibility, and expanding the team. Commenting on the funding, Nikhil Kamath said, “Shopping today isn’t just about products—it’s about trust, influence, and community. People don’t want to be sold to; they want recommendations from those they relate to. The future of commerce may belong to platforms that empower individuals…

05 Apr

Uber launches ‘Uber for Teens’ in Chandigarh

MFNews0 CommentsBrands, Business, Entertainment, Technology, Travel

#UberforTeensChandigarh Dedicated product for teens aged between 13 and 17 years now available across 37 cities Chandigarh: Uber today announced the launch of Uber for Teens, a product designed to provide safe, reliable, and convenient transportation solutions specifically tailored for teenagers in India aged between 13 and 17 years. Uber for Teens has been launched across 37 cities in the country, including Delhi NCR, Hyderabad, Mumbai, Bangalore, Pune, Chennai, Kolkata, Ahmedabad, Jaipur, Kochi, Chandigarh, Lucknow, and Bhubaneswar. Uber for Teens aims to offer peace of mind to parents around the country while also offering their wards greater independence. The product…

05 Apr

PNB Housing achieves Affordable book of INR 5,000 crore

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PNBHousingAffordablebook Chandigarh: PNB Housing Finance Limited is delighted to announce a significant milestone of INR 5,000 crore Affordable book as on 31st March 2025. This remarkable achievement is a testimony of our unwavering commitment to empowering individuals and families in their journey towards owning a home. With the performance of Affordable and Emerging Markets Segment, the Retail segment loan book grew by ~18% YoY as on 31st March 2025. The total loan book of the Company crossed INR 75,000 crore as on 31st March 2025. Commenting on the performance Mr. Girish Kousgi said: With the dedicated efforts of the team…

05 Apr

RuPay Credit Cards on UPI: Simplifying Everyday Payments

MFNews0 CommentsBrands, Business, Opinions, Technology

#RuPayCreditCardsUPI Chandigarh: The integration of RuPay credit cards with UPI is transforming the digital payments landscape in India, allowing users to make payments without carrying a physical card. The linking process is simple and can be done through any UPI-enabled app. To link your RuPay Credit Card to UPI, first, download a UPI-enabled app. Next, register or log in with your bank-linked mobile number and select “Add Account” in the profile section. Then, choose your credit card issuing bank from the list, select your RuPay Credit Card, complete the verification process, and set a UPI PIN. Once done, you can…

05 Apr

L&T Despatches 4th Steam Generator to Kaiga Atomic Power Station

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#L&TSKaigaAtomicPowerStation Chandigarh: The Heavy Engineering arm of Larsen & Toubro (L&T) has despatched the fourth Steam Generator (SG) to the Kaiga Atomic Power Station in Karnataka, thus completing the delivery of a set of four SGs for one unit for the indigenously developed 10x700 MWe Pressurised Heavy Water Reactor Fleet Programme. The fourth SG has been despatched nine months ahead of the contractual schedule, while the full set of four SGs has been delivered in 45 months. Setting a global benchmark, the first of the lot was delivered in just 33 months. These SGs are for Units 5 & 6…

05 Apr

Shree Cement Wins Top Honor in EMHM sector at CAP 2.0 Award 2024

MFNews0 CommentsBusiness, Opinions

#ShreeCementEMHMCAP2.0 Chandigarh: Shree Cement, one of India's leading cement manufacturers, has been honored with the prestigious CAP 2.0 Award 2024 by the Confederation of Indian Industry (CII). Recognized in the ‘Resilient’ category in the Energy, Mining & Heavy Manufacturing sector, this recognition highlights Shree Cement’s strong commitment to climate action, sustainability and future-ready environmental strategies. The CAP 2.0 Award is India’s first dedicated recognition for climate action, evaluating companies based on their maturity in addressing climate-related risks and opportunities. Among 21 winners across industries, Shree Cement has featured among the top 10 companies recognized in the Energy, Mining & Heavy…