Business

26 Nov

CDSL unveils student ideathon to reinvent investor education, targets next-gen financial innovators

Business BureauBusiness

Central Depository Services (India) Limited (CDSL) has announced the launch of its first-ever Reimagine Ideathon, inviting students across the country to propose innovative solutions that could transform investor education and engagement. The initiative, unveiled on November 20 in Mumbai, is part of the 3rd edition of CDSL’s Annual Reimagine Symposium. With over 16.7 croredemat accounts under its custodianship and a secured depository ecosystem serving more than 21 crore investors, CDSL highlighted the need to deepen participation in India’s growing securities market. The Ideathon aims to tap young minds to address barriers that restrict citizens from fully benefitting from market-led economic…

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25 Nov

 Axis Mutual Fund introduces multi-asset active FoF, strengthen investor diversification options

Business BureauBusiness

Axis Mutual Fund has officially launched the Axis Multi-Asset Active Fund of Fund (FoF), a hybrid investment solution designed to provide equity, debt, gold, and silver exposure in a single portfolio. The New Fund Offer (NFO) will open on November 21 and close on December 5, 2025, with a minimum application of ₹100 and in multiples of ₹1 thereafter. Managed by Shreyash Devalkar, Devang Shah, Mayank Hyanki, and Aditya Pagaria, the fund employs a model-driven, dynamic allocation strategy that leverages market valuations, macroeconomic indicators, commodity trends, and geopolitical developments. The FoF structure allows seamless rebalancing across funds without additional tax…

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25 Nov

On 40th Foundation Day, Kotak Mahindra Bank announces stock split

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Kotak Mahindra Bank has announced a major stock split to mark its 40th Foundation Day, with the Board approving the sub-division of its equity shares to make them more affordable and enhance market liquidity. The decision, taken at a board meeting in Mumbai, will see each existing equity share of face value ₹5 split into five shares of face value ₹1 each, subject to regulatory and statutory clearances. Part-time Chairman C S Rajan said the milestone reflects Kotak’s long-term commitment to shareholder value. “To encourage wider investor participation by making the Bank’s equity shares more affordable and liquid, the Board…

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25 Nov

Gold price today!

Purbalee DuttaBusiness

Gold prices surged over 1% in early MCX trades on Tuesday (November 25), supported by expectations of a US Federal Reserve rate cut in December and strong domestic demand during the wedding season. Around 9:15 am, MCX Gold December futures were up 1% at ₹1,25,106 per 10 grams, while MCX Silver December futures rose 1.34% to ₹1,56,551 per kg. Globally, gold gained nearly 2% in the previous session as hopes for lower US interest rates boosted appetite for safe-haven assets. Reuters cited New York Fed President John Williams, who indicated that a rate cut may come soon, arguing it would…

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25 Nov

Midea enters Mizoram, brings full range of smart home appliances

Business BureauBusiness

Midea, the world’s No.1* smart home appliances brand, has officially expanded its footprint in Mizoram, marking a major step in strengthening its presence across India’s North-Eastern region. The company announced on 24 November that consumers in the state will now have access to its complete range of home appliances, including refrigerators, washing machines, microwave ovens and major domestic appliances. The brand said the expansion is aimed at making high-quality, energy-efficient and smart products more accessible by building a strong dealer network along with dedicated after-sales service support. It also reflects Midea’s strategy of combining global innovation with local insights to…

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24 Nov

GE Aerospace announces a USD 14 million investment to expand Pune manufacturing capability

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GE Aerospace has announced a USD 14 million investment to expand its Pune manufacturing facility, coinciding with the site’s tenth anniversary. The move follows last year’s USD 30 million expansion and aims to enhance the plant’s capabilities in advanced engine components through upgraded manufacturing processes and automation. “Our Pune team has delivered components for some of our most advanced commercial jet engines with safety and quality at the forefront,” said Vishwajit Singh, Managing Director of GE Aerospace Pune. “This investment underscores our commitment to the Make in India initiative and advancing India’s role in global aerospace manufacturing.” Since its inception,…

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24 Nov

Bajaj Life joins ‘Aapki Punji, Aapka Adhikar’ campaign to help citizens reclaim unclaimed assets in Tripura

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Bajaj Life Insurance has extended its support to the Government of India’s national campaign, “Aapki Punji, Aapka Adhikar,” aimed at helping citizens identify and recover unclaimed financial assets across Tripura. The three-month initiative, running from October to December 2025, brings together banks, insurers, regulators, and state administrations to ensure dormant financial assets are returned to rightful owners. As part of the campaign, Bajaj Life coordinated with the State Level Bankers’ Committee (SLBC), State Level Insurance Committee (SLIC), and district administrations to strengthen outreach. The company deployed citizen help-desks and participated in camps across West Tripura, North Tripura, and South Tripura,…

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24 Nov

Samsung in partnership with the UN GCNI, launches ‘DigiArivu – Empowering Students Through Tech’

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Samsung, India’s largest consumer electronics brand, in partnership with the United Nations Global Compact Network India (UN GCNI), has launched ‘DigiArivu – Empowering Students Through Tech’, an education programme aimed at strengthening digital and Science, Technology, Engineering, and Mathematics (STEM) education in Tamil Nadu. Through this initiative, Samsung will upgrade school infrastructure, enable STEM and digital learning, train teachers, and support holistic student development across 10 government schools in Kancheepuram and Ranipet districts of Tamil Nadu — benefiting over 3,000 students. As part of DigiArivu, Samsung will deploy a multi-layered, community-centric model to transform the learning ecosystem in tier-2 and…

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24 Nov

Aon Survey: Cyber threats and data privacy top risk agenda for Indian companies in 2025

Business BureauBusiness

Aon plc (NYSE: AON), a leading global professional services firm, has released the India findings of its 2025 Global Risk Management Survey, revealing the country is navigating a landscape marked by digital disruption, talent challenges and regulatory complexity. The biennial survey, which gathered insights from nearly 3,000 risk managers, C-suite leaders and executives across 63 countries, highlights how risk priorities are evolving globally in response to technological, economic and geopolitical forces. While “Cyber Attacks/Data Breach” remains the top risk for Indian businesses, “Data Privacy Requirements/Non-Compliance” has emerged as a top concern reflecting the growing influence of global and local regulatory…

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24 Nov

Rupee opens 0.4% stronger against US Dollar

Purbalee DuttaBusiness

The Indian rupee gained 0.4% against the U.S. dollar on Monday after the Reserve Bank of India (RBI) stepped in to stabilise the currency. The rupee was trading at 89.15 per dollar, compared with Friday’s close of 89.48. According to four traders cited by Reuters, the RBI likely intervened in the market before trading began, helping the currency recover from the record low hit late last week. They added that the central bank appeared active in both the spot market and the non-deliverable forwards market. Concerns remain that, without continued RBI support, the rupee could slide further. Ritesh Bhansali of…

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