Business Archives - Page 9 of 40

08 Apr

Nifty near 22,400, Sensex jumps 750 points; all sectors in green, broader markets shine

MFNews0 CommentsBreaking News, Business, Shares, Stocks, Technology

#NiftySensexjumps Mumbai: Indian markets opened with a sharp spurt in trade on April 8, leading Nifty 50 and Sensex to gallop over one percent as bulls took over the reins. However, during the first hour of trade, the benchmarks gave up a portion of their gains, as caution weighed. At 10:20 am, the Sensex was up 751.50 points or 1.03 percent at 73,889.52, and the Nifty was up 255.10 points or 1.15 percent at 22,416.40. About 2534 shares advanced, 560 shares declined, and 115 shares unchanged. The broader markets outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 jumping…

07 Apr

Govt increases Excise duty by Rs 2 each on petrol, diesel, No impact on Consumer

MFNews0 CommentsBreaking News, Business, Shares

The excise duty on petrol has now been increased to Rs 13 and to Rs 10 on diesel New Delhi: The government has increased the excise duty on petrol and diesel by Rs 2 each amid a sharp fall in global oil prices. The excise duty on petrol has now been increased to Rs 13 and to Rs 10 on diesel. https://twitter.com/PetroleumMin/status/1909186067334361590 According to the latest notification by the Department of Revenue, Ministry of Finance, the change will come into force on 8th April, 2025. However, there will be no burden on the common man as the Ministry of Petroleum…

07 Apr

SEBI allowed registered investment advisers to advertise their performance

MFNews0 CommentsBrands, Business, Mutual Funds, Opinions, Shares, Technology

#SEBIRIAPerformance Mumbai: In A big move SEBI has allowed registered investment advisers (RIAs) to advertise their past performance. However, they will have to validate their past performance through the SEBI recognised Past Risk and Return Verification Agency (PaRRVA), a credit rating like agency for RIAs. So far, RIAs were prohibited from making a reference to their past performance in their advertisements. In its circular, SEBI said, “In order to enable IAs and RAs to avail the services of PaRRVA and make claims in their advertisements using risk-return metrics verified by PaRRVA, it has been decided to amend the above-mentioned clauses…

07 Apr

Kotak Nifty Top 10 Equal Weight Index Fund Open For Subscription

MFNews0 CommentsBrands, Breaking News, Business, Mutual Funds

Investors can invest in this new fund offer till 21st April 2025 Mumbai: Kotak Mahindra Asset Management Company today i.e. on 7th April launched Kotak Nifty Top 10 Equal Weight Index Fund. It is an open-ended index fund designed to track the Nifty Top 10 Equal Weight Index. This NFO of Kotak has opened for subscription from today i.e. 7th April 2025. Investors can invest in this new fund offer till 21st April 2025. In this NFO of Kotak, investors can start investing with a minimum of ₹ 100, and after that can make additional investments in any amount. Investment…

07 Apr

Axis Bank first to go live with a Fortune 500 company on NBBL’s Bharat Connect

MFNews0 CommentsBusiness, Shares, Technology

#AxisBankFortune500NBBL Chandigarh: Axis Bank, one of the largest private sector Banks in India, today announced that it has partnered with a Fortune 500 company in India to provide B2B collections utilising NBBL’s Bharat Connect (Erstwhile BBPS). With this, Axis Bank becomes the first Bank to go live in implementing this pioneering solution, leveraging its best-in-class, robust API stack. The solution can integrate multiple ordering applications across sectors; FMCG, Pharma, Automotives, Healthcare facilitating collections for the company’s wholesale distributors, stockists. Retailers can initiate invoice payments directly from the application. As the Biller Operating Unit capable of offering this unique service, Axis…

07 Apr

Godrej Enterprises Group collaborates with EOS to Advance 3D printing capabilities for Aerospace Manufacturing in India

MFNews0 CommentsBrands, Business, Shares, Technology, Travel

3D printing can cut material use by 70-80% and processing time by up to 80% Chandigarh: The Aerospace business of Godrej Enterprises Group, is strengthening its commitment to India's self-reliance vision through signing of a significant Memorandum of Understanding (MoU) with the EOS, a global leader in industrial 3D printing solutions, to develop a state-of-the-art Additive Manufacturing (AM)-based manufacturing ecosystem focused on the Indian aviation and space industries. This collaboration represents a critical step in India's technological evolution, enabling the transformation of complex manufacturing processes and positioning the country as a global leader in aerospace innovation. The partnership aims to transform…

07 Apr

Godrej Enterprises Group Strengthens Office Furniture Portfolio with Focus on Innovation and Ergonomics

MFNews0 CommentsBrands, Business, Technology

~ Interio Targets 30% growth in institutional segment by 2027 ~ Chandigarh: Interio, a leading home and office furniture brand of Godrej Enterprises Group, announced that they are targeting 30% growth in its B2B business by FY27, as the company expands its presence in the institutional furniture solutions. With the office furniture market projected to grow from USD 5.8 Billion in 2024 to USD 13.0 Billion by 2033 at a CAGR of 8.83%[1], Interio has allocated INR 55 crore to transform its product portfolio and capitalize on the emerging opportunities in workspace solutions. Commenting on the evolving office market, Sameer…

07 Apr

TVS APACHE: 6 MILLION STRONG AND 20 YEARS OF RACING LEGACY

MFNews0 CommentsBrands, Business, Technology, Travel

A motorcycle that revolutionized the racing circuit, is celebrating two decades of excellence, in 2025 Chandigarh: TVS Motor Company (TVSM) - a leading global automaker that operates in the two and three-wheeler segments - is celebrating two significant milestones for its premium motorcycle brand, TVS Apache - the brand’s 20th anniversary and the trust it has garnered of over 6 million customers worldwide. Engineered with cutting-edge racing technology and inspired by TVS Racing’s championship pedigree, TVS Apache has become one of the fastest-growing sports motorcycle brands across 60+ countries. For two decades, it has fuelled the adrenaline of the…

07 Apr

Black Monday! Sensex crashes over 2,500 pts, Nifty hits 10-month low amid global trade war fears

MFNews0 CommentsBreaking News, Business, Opinions, Shares, Stocks

#SensexcrashesNifty10Monthlow Mumbai: Benchmark indices Sensex and Nifty witnessed a sharp fall of 3 percent each on the morning of April 7 — a drop of this magnitude was last seen on June 7, 2024 — as a wave of risk-off sentiment swept across global markets. Investor anxiety intensified following China’s decision to impose retaliatory tariffs on the US, reigniting fears of a renewed global trade war. Amid the widespread selloff, all Nifty 50 constituents slipped into the red. In early trade, the Sensex nosedived by over 3,900 points, or 5 percent, while the Nifty plunged as much as 5 percent…

06 Apr

ITA AIRWAYS SET TO START INTEGRATION INTO STAR ALLIANCE

MFNews0 CommentsBrands, Business, Opinions, Shares, Technology, Travel

#ITASTARALLIANCE · Entry for Italy’s national carrier expected in early 2026 Chandigarh: ITA Airways has officially received approval to start the integration process into Star Alliance following a verdict by the Star Alliance Chief Executive Board (CEB). Building on its induction into the Lufthansa Group earlier this year, this decision paves the way for its much anticipated entry into the world’s largest airline alliance. The onboarding process will now move at full throttle. Celebrating the milestone, Star Alliance Chief Executive Officer Theo Panagiotoulias stated: “In early 2026, ITA Airways is expected to officially join the Star Alliance network as a…