Shares Archives - Page 8 of 10

10 Mar

Bank of India Signs MoU with Indian Army to Offer BOI Rakshak Salary Package

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Chandigarh: Bank of India, one of India’s leading public sector banks, announced the signing of a Memorandum of Understanding (MoU) with the Indian Army to extend the BOI Rakshak Salary Package to Army Personnel, Veterans and Agniveers recruited under the Agnipath Scheme. The MoU covers special benefits including enhanced free comprehensive Personal Accident Insurance Cover (PAI), attractive offers on Debit and Credit Cards and a host of other offers. The ceremony for the exchange of MoUs was held on 4th March, 2025 at the Indian Army Headquarters, New Delhi. Lt. Gen. Rajeev Puri, AVSM, VSM, DG (MP & PS) of…

09 Mar

Kalyani Powertrain partners with Taiwan’s Compal Electronics to manufacture servers in India

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Compal will provide KPTL with technological support related to servers, including overseeing local production, assembly, testing activities Chandigarh: Kalyani Powertrain, a wholly-owned subsidiary of Bharat Forge, entered into a Technology licensing agreement with COMPAL ELECTRONICS, INC for manufacturing of X86 platform Servers in India. The two parties have signed a Memorandum of Understanding (MOU) to develop server business using locally manufactured solution in India, echoing the Indian government’s “Make in India” policy. Compal will provide KPTL with technological support related to servers, including overseeing local production, assembly, testing activities, and final sales. Bharat Forge Vice Chairman & Jt MD Mr.…

08 Mar

Axis Bank Becomes the First Indian Bank to Execute Aircraft Financing Through Its IBU at GIFT City IFSC

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A Landmark Deal with Air India, Paving the Way for Homegrown Aviation Finance Solutions Chandigarh: Axis Bank, one of the largest private sector banks in India, has become the first Indian bank to execute an aircraft financing transaction through its International Banking Unit (IBU) at GIFT City IFSC. The landmark deal was completed for AI Fleet Services Ltd (AIFS), the leasing arm and wholly owned subsidiary of Air India (a Tata Group Company). This milestone marks a major breakthrough in India’s aviation finance sector, traditionally dominated by multinational banks, and reinforces GIFT City’s role as an emerging hub for aircraft leasing…

07 Mar

Bank of Baroda introduces the bob Global Women NRE & NRO Savings Account for Women NRIs

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A first-of-its-kind NRI account among public sector banks specifically tailored for women, offering a host of benefits to empower women Chandigarh: In a first amongst public sector banks, Bank of Baroda announced the launch of the bob Global Women NRE & NRO Savings Account, designed exclusively for women NRIs to meet their global aspirations and unique banking needs. In addition, the Bank has revamped one of its flagship NRI offerings, the bob Premium NRE & NRO Savings Account, enhancing its features and benefits to provide a more rewarding banking experience to customers. The bob Global Women NRE & NRO Savings…

07 Mar

NSE and Divyaj Foundation sign MOU to enhance Financial Literacy and Investor Awareness

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Protecting the interest of investors, especially women, in the securities market is of paramount importance to NSE Chandigarh: In order to enhance financial literacy and investor awareness in the securities market, National Stock Exchange of India (NSE) and Divyaj Foundation have signed a Memorandum of Understanding (MoU) in the presence of its founder Smt. Amruta Devendra Fadnavis and Shri Bhushan Gagrani, Hon’ble Municipal Commissioner, Brihanmumbai Municipal Corporation. Bollywood actor Sharvari Wagh also joined the program. This is indeed a significant step to formalize a partnership that embodies the spirit of financial literacy, investor awareness, investor empowerment and inclusivity. The signing…

07 Mar

Mahindra ranked among top 1% in S&P Global’s 2025 Sustainability Yearbook

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M&M Ltd., become the only car manufacturer in the world to achieve a top 1% CSA ranking in S&P Global's prestigious 2025 Sustainability Yearbook Chandigarh: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that it has become the only car manufacturer in the world to achieve a top 1 percent Corporate Sustainability Assessment (CSA) ranking in S&P Global's prestigious 2025 Sustainability Yearbook. The 2025 Sustainability Yearbook ranks the top sustainability performers across various sectors based on S&P Global's annual CSA. This year's yearbook analysed over 7,690 companies globally, with only 780 earning a place…

06 Mar

Bank of Baroda Pilots Industry-First “Merchant Loyalty/ Cashback Programme”

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Merchant Use Case through Programmable CBDC Chandigarh: Bank of Baroda (Bank), one of India’s leading public sector banks, under the guidance of Reserve Bank of India, today announced the pilot launch of a new functionality for merchants built on the “Programmability” functionality of Central Bank Digital Currency (CBDC) – the “Merchant Loyalty/ Cashback Programme” in collaboration with a fintech company. This industry-first initiative enables small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed by large brands, using Bank of Baroda’s “bob Merchant App”. Merchants such as local retail shops, grocery stores, pharmacies etc…

05 Mar

HPCL and Tata Motors Launch Genuine DEF for Enhanced Commercial Vehicle Performance

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This high-quality DEF solution will drive optimal vehicle performance, boost drivetrain efficiency, and extend vehicle longevity CHANDIGARH/LUDHIANA: Hindustan Petroleum Corporation Ltd. (HPCL), a Maharatna Oil Company, and Tata Motors, India’s largest commercial vehicle manufacturer, have partnered to introduce their co-branded Genuine Diesel Exhaust Fluid (DEF). This high-quality DEF solution will drive optimal vehicle performance, boost drivetrain efficiency, and extend vehicle longevity. Produced in BIS-approved facilities that meet the highest industry standards, this co-branded Genuine DEF is being made available via HPCL’s extensive retail network of 23,000 fuel stations across the country, ensuring ready availability and easy access for customers. An…

05 Mar

Bharat Value Fund (BVF) Invests INR 130 Crore in Veira Electronics

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Veira Electronics Private Limited is one of India’s first contract manufacturer to collaborate with Samsung for their Tizen OS Chandigarh: Veira Group is a prominent Indian manufacturer specializing in consumer electronic products. The company has a diverse portfolio that includes LED TVs, washing machines, air coolers, and multimedia speakers. The investment marks successful closure of its Pre-IPO placement round. Veira Group operates two state-of-the-art facilities in Noida, Uttar Pradesh, enabling the production of up to 3 million TVs annually for both domestic and international markets. These facilities are equipped with modern technologies, including vacuum-controlled, zero-dust clean rooms, AOI machines, and…

03 Mar

SUCCESSFUL IMPLEMENTATION OF DIRECT PAYOUT SETTLEMENT FOR SECURITIES

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The mechanism strengthens market integrity and operational efficiency Mumbai: The Market Infrastructure Institutions (MIIs), comprising Exchanges, Clearing Corporations and Depositories, have successfully implemented the Direct Payout Settlement mechanism for securities on February 25, 2025, under the guidance of Securities and Exchange Board of India (SEBI). This initiative enhances efficiency, transparency, and investor protection, ensuring seamless direct credit of securities to clients’ demat accounts. The mechanism strengthens market integrity and operational efficiency. National Stock Exchange of India (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest…