Business Archives - Page 7 of 40

09 Apr

The RBI rate cut coupled with the revision in stance to accommodative was a swift: CS Setty, SBI

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Chandigarh: C S Setty, State Bank of India Chairman, said on the RBI Monetary Policy - April 09, 2025“The RBI rate cut coupled with the revision in stance to accommodative was a swift, timely move and a forward guidance to the market to stay supportive against evolving global uncertainties. The revision of stance to accommodation will cushion the secondary impact of tariffs on domestic economy. With inflation under check, growth imperatives will take precedence in FY26." He Said that "On the regulation side market-based securitization framework for stressed assets, review of policy on gold lending and non-fund-based facility are timely.…

09 Apr

THIS AKSHAYA TRITIYA, MIA BY TANISHQ PRESENTS ‘FIORA’ INSPIRED BY NATURE’S BLOOMS

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#AKSHAYATRITIYAMIATANISHQFIORA ~Inspired by your bloom, crafted for new beginnings~ Chandigarh: With the arrival of Akshaya Tritiya and Baisakhi, Mia, from the house of Tanishq, introduces its latest collection, Fiora, celebrating the spirit of renewal and prosperity. Fiora – Inspired by Your Bloom is a tribute to the journey of every woman, capturing the essence of self-expression, fresh beginnings, and the vibrant energy of spring. Just as nature awakens with fresh blossoms, these festivals mark the promise of new opportunities—Baisakhi heralding the harvest season and a time of gratitude and abundance, while Akshaya Tritiya signifies endless fortune and success. Like the…

09 Apr

Bank of India is celebrating the 10th anniversary of the launch of PMMY

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#PMantriMudraYojana Chandigarh: The Pradhan Mantri Mudra Yojana (PMMY) has completed 10 years on April 08,2025. The scheme has been instrumental in transforming the MSME financing landscape in India. Over the past decade, PMMY has played a vital role in terms of access to credit for micro enterprises. The scheme’s tiered structure—Shishu, Kishore, and Tarun— has enabled the Bank to disburse affordable, collateral-free loans to entrepreneurs. PMMY has significantly expanded our bank’s outreach to the micro-enterprise segment. During the first five years of the scheme, we disbursed credit facilities aggregating to Rs. 18,923 crores to 11,59,636 borrowers under the scheme. Cumulative…

09 Apr

Mahindra Last Mile Mobility is India’s No.1 electric commercial vehicle manufacturer in FY25

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Chandigarh: Mahindra Last Mile Mobility Limited (MLMML), India's leading commercial electric vehicle (EV) manufacturer, has reaffirmed its market dominance in FY25 – the fourth time in a row. With its flagship brands Treo and Zor Grand, MLMML has driven electrification in the L5 category, contributing to a significant 24.2% EV penetration in the segment. This marks a substantial increase from 16.9% EV penetration in FY24. MLMML's market share in the L5 category stands at an impressive 37.3%, despite stiff competition from legacy players and new entrants. The company has achieved notable milestones, including: - Becoming the first to sell over…

09 Apr

India is emerging as an oasis in a turbulent world: NSE MD & CEO Ashishkumar Chauhan

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#NSEMDMUMBAINXT25 Chandigarh: Shri Ashishkumar Chauhan, MD & CEO of the National Stock Exchange of India (NSE), offered sharp insights into the Indian market's performance amidst global headwinds, investor sentiment, and future prospects. He shared views at the India Global Forum, Mumbai NXT25 Despite a $1.5 trillion dip from the peak, Chauhan emphasized the long-term growth trajectory of Indian capital markets. “In 2014, India’s market cap stood below $1 trillion. Today, it is nearing $5 trillion—demonstrating significant wealth creation,” he noted. Addressing concerns over foreign investor exits, Chauhan attributed the trend to global interest rate movements and a broader 'risk-off' sentiment…

09 Apr

RBI Reduced Repo rate by 25 bps to 6%, Other changes also announced

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#RBIMPCcutRepoRate New Delhi: After a detailed assessment of the evolving macroeconomic and financial conditions and outlook, the MPC voted unanimously to reduce the policy repo rate by 25 basis points to 6.00 per cent with immediate effect; consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) shall stand adjusted to 5.75 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down from 6.25% to 6% - a move expected to ease…

09 Apr

Now Pharmaceutical Imports on Donald Trump Radar, ‘major’ tariffs on the Way

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#PharmaceuticalDonaldTrump Washington DC: US President Donald Trump, on Wednesday, said his administration would soon announce a “major” tariff on pharmaceutical imports, aimed at encouraging drug manufacturers to shift operations back to the US. Speaking at an event hosted by the National Republican Congressional Committee, Trump said the move is intended to reduce American dependence on foreign drug supplies and revitalise domestic pharmaceutical production. “We’re going to be doing something very big on drug imports — a major tariff is coming,” Trump told the audience. “We want these companies to make their products here, in America, not in China or elsewhere.” “Once…

09 Apr

11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

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#NiftyIndicesJapanKorea Mumbai: In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index. Sl. No. Issuer Name Country Index Name 1 Amundi Asset Management Japan Nifty 50 2 Asset Management One Japan Nifty 50 3 Asset Management One Japan Nifty Midcap 50 4 au Asset Management Corporation Japan Nifty 50 5 Daiwa Asset Management Co. Ltd.…

09 Apr

TAJ SAMUDRA, COLOMBO WELCOMES HON’BLE PRIME MINISTER SHRI NARENDRA MODI

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#TAJSAMUDRACOLOMBOPMMODI Chandigarh: Taj Samudra, Colombo, had the honour of welcoming the Hon’ble Prime Minister of India, Shri Narendra Modi, during his recent visit to Sri Lanka. This visit marks a momentous milestone for Taj Samudra, further solidifying its role as a symbol of Indian hospitality in Sri Lanka. Set against the backdrop of the iconic Galle Face Green, Taj Samudra boasts breath-taking views of the mesmerizing Indian Ocean and the vibrant cityscape of Colombo. The Prime Minister was warmly received by the hotel’s leadership and associates, who came together to extend their heartfelt hospitality. During the visit, Prime Minister Modi…

09 Apr

Poonawalla Fincorp Launches Shopkeeper Loan Business

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Enabling small retailers and kirana stores with accessible funding to meet evolving business needs Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has today announced the launch of its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies. Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions. Commenting on the launch, Mr. Arvind…