Shares Archives - Page 4 of 35

10 Jun

AIR INDIA EXTENDS SELF CHECK-IN & BAGGAGE DROP FACILITIES TO DESTINATIONS IN EU, UK, CANADA

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#AIRINDIA #AirIndiaSELFCHECKIN #AirIndiaBAGGAGEDROP #AirIndiaEUUKCANADA · Initiative to benefit passengers flying to all airports in the UK, Europe, USA, Canada, Australia from India; more international airports to be added shortly Chandigarh: Air India has rolled out an integrated self-check-in and baggage-drop service for its passengers flying from India to all destinations operated by the airline in Europe, the UK and Canada. Air India was the first airline to have introduced this service from India to international destinations in the US and Australia, besides airports in the domestic network. Air India is now extending the facility to a total of 19 airports…

09 Jun

Gold Rush: 3.4 MT of smuggled gold refined, handed to RBI

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#GoldRush #34QsmuggledgoldtoRBI #RBI #GoldtoRBI New Delhi: Finance Minister Nirmala Sitharaman on June 9 said that as much as 3.4 metric tonnes of gold confiscated through smuggling was refined by the Security Printing and Minting Corporation of India Limited (SPMCIL) and subsequently handed over to the Reserve Bank of India (RBI) in 2024–25. GoI seized 4,869 kg of smuggled gold in 2023–24, with the Myanmar border emerging as a major trafficking route. “In 2024–25, 3.4 metric tonne [MT] of such gold was delivered to RBI,” Sitharaman said, while inaugurating the new corporate headquarters of SPMCIL in New Delhi. "All gold confiscated through…

09 Jun

Bajaj Allianz Life Achieves 99.29% Claim Settlement Ratio in FY 2024-25

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#BajajAllianzLife #BajajAllianzLife99CSRatio Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, achieved an individual death Claim Settlement Ratio (CSR) of 99.29% in FY 2024–25. During the year, the Company settled 13,994 individual life insurance claims, disbursing ₹ 862.79 crores in claim payouts. This milestone underscores Bajaj Allianz Life’s continued commitment to being there for its customers’ families when it matters the most. By ensuring a swift, transparent, and reassuring claims experience, the Company helps policyholders’ Life Goals stay on track—even in the most difficult times. Bajaj Allianz Life continues to strengthen its claims process to make it more…

09 Jun

Poonawalla Fincorp Launches Industry-First 24/7 Fully Digital Business Loans for MSMEs

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#PoonawallaFincorp #PoonawallaFinDigiLoansMSMEs #DigitalLoansforMSMEs Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, today announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs). This innovative offering provides instant approval with a risk-first approach and flexible repayment options. Designed to address the credit needs of MSMEs with speed, convenience, and simplicity, Business Loan 24/7 offers a fully digital onboarding and approval journey through a Straight Through Processing (STP) model. This eliminates the need for branch visits…

09 Jun

Bank of Baroda reduces Repo Linked Lending Rate by 50 basis points

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#BankofBarod #BankofBarodacutLR50bp #BankofBarodcutLR Chandigarh/Ludhiana: Pursuant to the Reserve Bank of India reducing the policy repo rate, Bank of Baroda (Bank), one of India’s leading public sector banks, announces the reduction in its Repo Linked Lending Rate by 50 basis points with immediate effect (from 07.06.2025). The Bank’s Repo Linked Lending Rate now stands at 8.15%. With this, Bank of Baroda has fully effected on the RBI rate cut in its Repo Linked Lending Rate.

09 Jun

JioBlackRock AM Launches Exclusive Early Access Initiative, Introduces Website and Leadership Team

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#JioBlackRockAM #JioBlackRockEarly #JioBlackRockWebsite Introduces and showcases a preview of the business proposition, providing valuable insights for investor education and engagement. Mumbai: Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 joint venture between Jio Financial Services Limited (JFSL) [BSE, NSE: JIOFIN] and BlackRock* [NYSE: BLK], announces the appointment of its executive leadership team and the launch of its website along with an exclusive early access initiative. JioBlackRock Asset Management’s leadership team brings together asset management experience, digital innovation and customer-centric product design. Together, the team is set to deliver JioBlackRock’s mission to transform investing in India by making it…

09 Jun

New Stock: Lenskart converts to public entity ahead of potential $1-billion IPO

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#Lenskart #Lenskart1billionUSDIPO #LenskartIPO Mumbai: Indian Global Eyewear retailer Lenskart has officially become a public company, a key milestone as the Gurugram-based company prepares to launch its initial public offering (IPO). The company’s board passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited during an extraordinary general meeting on May 30. The move signals Lenskart’s intent to list on one or more Indian stock exchanges, though the company has not yet disclosed the size or the timing of the issue. In its filing, Lenskart said the name change would allow it to proceed…

08 Jun

Vedanta’s NCDs issue oversubscribed, Co. to repay high-cost loan saving ₹350 Cr annually

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#Vedanta #VedantaNCDsissue · Company received final bids of more than Rs. 6500 crore, indicating 60% oversubscription on the base issue of ₹4100 crores. Chandigarh: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the person added. The NCD offering,…

08 Jun

No Easy Loan On Gold: RBI issues New harmonised guidelines for Lending against gold, silver loans

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#RBI #RBIGOLDLOAN #GoldLoans #RBINewGuidelineonGoldLoans #NewGuidelineonGoldLoans RBI restricts lending against gold bullion In Indian Markets New Delhi: The Reserve Bank of India (RBI) on Friday restricted lending against primary gold, such as gold bullion, citing broader macro-prudential concerns and the speculative and non-productive nature of such assets. However, regulated entities (REs) are permitted to extend loans against collateral in the form of gold jewellery, ornaments, and coins to meet the short-term financing needs of borrowers. The RBI noted that prudential and conduct-related regulations for such loans have been issued over time for various types of REs. While the RBI’s core regulatory…

07 Jun

New Deribative: MCX gets SEBI greenlight to launch electricity derivatives

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#MCX #SEBI #MCXSEBIelectricityderivatives #electricityderivatives #derivatives Chandigarh: India’s largest commodity exchange, MCX, has received SEBI approval to launch electricity derivatives, offering power firms and large consumers a regulated tool to hedge price volatility amid evolving energy dynamics. The Multi Commodity Exchange of India (MCX) on Friday announced it has secured approval from the Securities and Exchange Board of India (SEBI) to introduce electricity derivatives—a significant development for India's energy and commodities market. The contracts will provide power generators, distribution companies, and large industrial consumers with a transparent, regulated platform to hedge against price volatility and manage market risks more effectively. This move comes…