Technology Archives

19 Apr

Jio Financial Services Limited AUM crosses Rs. 10,000 crore, FY25 PPoP at Rs. 1,594 crore

MFNews0 CommentsBusiness, Mutual Funds, Opinions, Shares, Technology

#JioJFSLAUMcrossesRs10000crore Mumbai: The Board of Directors of Jio Financial Services Limited (“JFSL”), at its meeting held in Mumbai today, approved the audited ﬁnancial results for the fourth quarter and ﬁnancial year ended March 31, 2025. Consolidated ﬁnancial highlights for the ﬁnancial year ended March 31, 2025, were as follows: ● Assets under Management (AUM) of Jio Finance Ltd. (JFSL’s NBFC subsidiary) stood at Rs. 10,053 crore as of March 31, 2025, up from Rs. 173 crore as of March 31, 2024, and Rs. 4,199 crore as of December 31, 2024. ● Income from Business Operations stood at Rs. 349 crore.…

19 Apr

Everyone’s Favourite little Piggy, ‘PEPPA PIG’s Adventure’ Returns

MFNews0 CommentsBrands, Entertainment, Technology, Travel

#PEPPAPIGAdventureReturns CHANDIGARH: Get ready to join everyone's favourite little piggy, Peppa Pig, on an unforgettable adventure filled with laughter, friendship and fun. After a successful run in 2024 ‘PEPPA PIG’s Adventure’, the live stage show, produced and promoted by BookMyShow Live, the live entertainment experiential division of BookMyShow, licensed from leading toy and game company, Hasbro, Inc. and presented by Kotak White Credit Card, is set to return to India with an exciting journey across five cities this summer. Get ready to oink with excitement as Peppa Pig and her friends head to Chandigarh on 10th and 11th May 2025…

19 Apr

KFintech to acquire Ascent Fund Services to expand into fast growing Global Fund Administration market

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

#KFintechAscentFundServices Chandigarh: KFin Technologies Limited ("KFintech”), a leading provider of investor and issuer solutions to global asset managers, has entered into a definitive agreement with Ascent Fund Services Pte. Ltd (“Ascent”) to acquire controlling stake of 51% for US$ 34.7 million, with a path to 100% ownership over the next five years. Post this transaction, KFintech will become the sole promoter of Ascent, and the residual 49% stake will be acquired in three equal tranches of 16.33% each after the end of fiscal year 2028, 2029, and 2030 respectively. The transaction is subject to customary regulatory approvals. Headquartered in Singapore,…

19 Apr

Groww contributed by 40% to NSE’s 84 Lakh New Accounts in FY25

MFNews0 CommentsBreaking News, Business, Mutual Funds, Shares, Technology

#GrowwNSE ~Groww emerges as India’s fastest-growing brokerage platform, leading in active client growth and market share gains~ Chandigarh: India’s investing landscape continues to evolve rapidly, with FY25 witnessing the addition of over 84 lakh new active demat accounts on the National Stock Exchange (NSE), reflecting an annual growth of 20.5%. The total number of active demat accounts stands at 4.92 crore. At the forefront of this shift is Groww, which alone accounted for over 40% of these net additions – reinforcing its position as the country’s fastest-growing brokerage platform. As per NSE data, Groww’s active client base surged from 95…

18 Apr

SEBI is looking to ease AMC’s business activity restrictions, streamline MF scheme categorisation

MFNews0 CommentsBreaking News, Business, Mutual Funds, Opinions, Technology

#SEBIAMCMFschemecategorisation Overhaul of mutual fund regulations, possible relaxations are in process Mumbai: The Securities and Exchange Board of India (SEBI) is working on a review of mutual fund (MF) regulations, including possible relaxations on clause 24 (b) restrictions on business activities, the scheme categorisation framework, and other recent operational changes, said Executive Director Manoj Kumar. Speaking at the CII’s 18th Mutual Fund Summit 2025, Kumar said, “We are doing a significant review of regulation 24. Those who are familiar with the regulation may recall that this is the only respective clause of the entire mutual fund regulation. We are also…

18 Apr

FIU-IND and RBI sign MoU for enhanced coordination and information exchange

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#FIU-INDRBIMoU The MoU will facilitate coordinated efforts towards effective compliance with Prevention of Money Laundering Act and Rules framed thereunder New Delhi: The Financial Intelligence Unit- India (FIU-IND) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) at New Delhi, today, as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed thereunder. The MoU was signed by Shri Vivek Aggarwal, Director, FIU-IND and Shri R.L.K. Rao, Executive Director, Department of Regulation, Reserve Bank of India. According to the MoU, FIU-IND and RBI will cooperate with…

17 Apr

Škoda Auto India follows successful launch of Kylaq with the all-new Škoda Kodiaq at the top of the range

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#ŠkodaAutoIndiaKylaq Second-gen 4x4 SUV enters India with luxury and sportiness in equal measure Chandigarh: After the successful launch of the Škoda Kylaq range, Škoda Auto India is now announcing a new car at the other end of the spectrum - with the launch of the all-new generation of its luxury 4x4 SUV, the Kodiaq. Into its second generation in India and internationally, the brand-new Kodiaq arrives in India with its signature blend of luxury, refinement, off-road ability, on-road dynamics and seven-seat versatility. Petr Janeba, Brand Director, Škoda Auto India shares, “In March, we recorded our biggest ever monthly sales in…

17 Apr

ICICI Prudential Life Insurance Profit After Tax grows by 39.6% to ₹ 1,189 crore in FY2025

MFNews0 CommentsBrands, Business, Insurance, Shares, Technology

#ICICIPruLifeGrowsby39.6% Final dividend of ₹ 0.85 per share declared Chandigarh: ICICI Prudential Life Insurance registered a strong growth of 39.6% in its Profit After Tax (PAT) to 1,189 crore for FY2025. The Value of New Business (VNB), which represents the present value of future profits, stood at 2,370 crore with a VNB margin of 22.8% in FY2025. The total Annualised Premium Equivalent (APE) grew by 15% year-on-year to 10,407 crore in FY2025. Retail protection business APE grew by 25.1% year-on-year to 598 crore in FY2025. Annuity business grew at a two-year CAGR of 31.4% in FY2025. The Company’s retail New…

17 Apr

India’s Retail Inflation Hits Six-Year Low and Drops to 4.6%

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#IndiaRetailInflationSixYearLow 2024-25 Retail Inflation Drops to 4.6%, March Sees YoY Dip to 3.34% New Delhi: Retail inflation in India, as measured by the Consumer Price Index (CPI), which reflects the cost of everyday goods and services, fell to a remarkable 4.6% in the fiscal year 2024-25, the lowest since 2018-19. This milestone highlights the effectiveness of the Reserve Bank of India’s pro-growth monetary policy, which has successfully balanced economic expansion with price stability. Notably, the year-on-year inflation rate for March 2025 dropped to 3.34%, a decline of 27 basis points from February 2025, marking the lowest monthly inflation rate since…

17 Apr

Department of Pensions and Pensioners’ Welfare conducts review meeting on NPS Oversight Mechanism

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#NPSOversightMechanism Ministries/Departments to ensure welfare of NPS employees through National Pension System Oversight Mechanism New Delhi: Department of Pensions and Pensioners’ Welfare (DoPPW) is committed towards the welfare of Central Government pensioners including those covered under National Pension System (NPS). In this regard, third review meeting on the status of setting up of NPS Oversight Mechanism was held under the Chairmanship of Shri V. Srinivas, Secretary (Pension) on 16.04.2025 with the Financial Advisor and the Nodal officers of 11 Ministries/Departments. Representative of M/s Protean have also attended the meeting. In the meeting, Secretary (Pension) reviewed and emphasized upon timely credit…