Finance – Page 2 – THE ECONOMIC INDIA

08 Mar

Anya Polytech and Fertilizers Ltd acquires 60 percent paid-up equity of Polyfilm Packaging Pvt Ltd

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New Delhi [India], March 8: Anya Polytech & Fertilizers Ltd (NSE – ANYA), a company engaged in the business of Fertilizers, has acquired 60% of the paid up equity share capital of Polyfilm Packaging Pvt Ltd. This strategic investment highlights Anya Polytech & Fertilizers Limited’s (Anya) commitment to enhancing production capacity and addressing the growing demand of its customers. This acquisition will lead to the addition of prominent clients to its portfolio including Rastriya Chemicals & Fertilizers Limited (RCF), Hindustan Petroleum & Chemicals Limited (HPCL), and Vizag Steels Limited. Polyfilm Packaging Pvt Ltd has its manufacturing facility located in Bhopal,…

26 Feb

Unlock Momentum Investing with PNB MetLife Nifty 500 Momentum 50 Index Fund for Long-Term Growth

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New Delhi [India], February 26: In today’s dynamic market, prospect/ policy holders seek strategies that optimize returns while maintaining a balanced risk approach. Momentum investing has emerged as a powerful strategy, focusing on stocks that have demonstrated strong upward price movement. Leveraging this strategy, PNB MetLife has introduced the “PNB MetLife Nifty 500 Momentum 50 Index Fund” (ULIF03115/02/25NIFTYMOMEN117), a passively managed fund that will be benchmarked against NIFTY 500 Momentum 50 Index Fund for its performance. This fund tracks the performance of the Nifty 500 Momentum 50 Index Fund, which includes the top 50 stocks demonstrating the highest stock price…

24 Feb

Beezaasan Explotech Limited IPO Closes on February 25, 2025

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New Delhi [India], February 24: Beezaasan Explotech Limited has announced its plan to go public with an Initial Public Offering (IPO) from 21st February 2025 to 25th February 2025, aiming to raise up to ₹59.93 Crores with shares to be listed on the BSE SME platform. The Issue is up to 34.25 Lakh equity shares at a face value of ₹ 10/- each. IPO Details IPO Date February 21, 2025- February 25, 2025 Listing Date – Face Value ₹ 10/- per share Price Band ₹ 165/- to ₹ 175/- per Share Lot Size 800 Shares Total Issue Size Up to 34.25 Lakh Shares…

24 Feb

Gujarat Inject (Kerala) Limited Announces Stock Split Approval and Impressive Q3 FY24-25 Financial Results

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Vadodara (Gujarat) [India], February 24: BSE-listed Gujarat Inject (Kerala) Limited (BSE: 524238), a leading agricultural company, reported a staggering increase of 4,500% in its net profit for the quarter ended December 2024. The company specializes in the trade of bulk vegetables and fruits, sourcing fresh produce directly from farmers and delivering it to shop owners, ensuring quality, freshness, and a seamless supply chain. The Board of Directors of Gujarat Inject (Kerala) Limited approved the sub-division of each equity share of the company having a face value of Rs. 10 into ten equity shares with a face value of Re. 1 each. This move…

20 Feb

Swasth Foodtech India Limited IPO Opens On 20th February 2025

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Kolkata (West Bengal) [India], February 20: Swasth Foodtech India Limited specializes in processing rice bran oil from crude rice bran oil,producing various grades and colours tailored to customer specifications, has announced its plan to go public with an IPO on February 20, 2025, aiming to raise ₹ 14.92 Crores, with shares to be listed on the BSE SME platform. Equity Share Allocation Non-Institutional Investors (NII) – Up to 7,53,600 Equity Shares Retail Individual Investors (RII) – Up to 7,53,600 Equity Shares Market Maker – Up to 80,400 Equity Shares The net proceeds from the issue will be utilized primarily for…

19 Feb

Bajaj Allianz General Insurance Announces Global Insurance Excellence Awards with Asia Insurance Review

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Pune (Maharashtra) [India], February 19: Bajaj Allianz General Insurance, one of the leading private general insurers of India, is thrilled to announce the Global Insurance Excellence Awards (GIEA), which aims to celebrate and honour the outstanding contributions of general insurance and health insurance advisors across Asia, the Middle East, and North Africa. Asia Insurance Review (AIR), a trusted name in the industry, has been chosen to oversee and administer the prestigious Awards for 2025, adding further credibility and international expertise to the event. The event, hosted by Bajaj Allianz General Insurance, will honour exceptional advisors from the insurance industry in India and internationally across eleven…

19 Feb

Mutual Funds and Tax Benefits: What Every Investor Should Know

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New Delhi [India], February 19: Mutual funds are the one-stop investment solution for people looking to invest in stocks or bonds with the expertise of a fund manager. By paying the price of a single mutual fund unit, the investor gets an expert-curated portfolio of equity, debt, and other instruments. While mutual funds provide several advantages such as low cost, diversification, and professional management, there is certainly one major benefit that every investor should know. There is one type of mutual fund that provides a direct benefit of saving taxes and helps in reducing taxable income. From the world of…

18 Feb

ATD Finance Joins Hands with ATD Money to Offer Hassle-Free Instant Salary Advances to Employees

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New Delhi [India], February 18: ATD Finance has announced a strategic partnership with ATD Money to provide instant salary advances for corporate employees, ensuring quick access to emergency funds without employer intervention. This collaboration aims to bridge the gap in financial accessibility by offering seamless, short-term loan solutions through a fully digital process. With many companies restricting salary advances due to internal policies, employees often struggle to manage unexpected expenses. Through this partnership, ATD Finance and ATD Money enable salaried professionals to avail unsecured loans ranging from ₹3,000 to ₹50,000. The loan tenure is flexible, extending from 91 to 365…

14 Feb

5 Ways to Trade Digital Gold for Maximum Profit: VT Markets

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New Delhi [India], February 14: Trading digital gold has grown to be a profitable choice for investors who want to benefit from the price of gold without having to deal with the difficulties of actual ownership. Traders can use price volatility to their advantage by keeping a careful eye on news, market movements, and economic developments that affect gold prices. Profitable trading requires precise market forecasts because gold’s swings might present chances at the right time, particularly for day traders or those holding holdings for several weeks. VT Markets said, selecting a safe and affordable trading platform is equally crucial.…

14 Feb

Turn to Gold: Union MF Launches Dual NFOs

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New Delhi [India], February 14: Union Mutual Fund has announced the launch of two New Fund Offers (NFOs)—Union Gold ETF and Union Gold ETF Fund of Fund (FoF)—providing investors with an opportunity to add gold exposure to their portfolios in a structured and convenient manner. Both NFOs opened on February 10, 2025. The Union Gold ETF closes on February 17, 2025, while the Union Gold ETF Fund of Fund closes on February 24, 2025. Union Gold ETF is an open-ended scheme replicating/tracking domestic price of gold. Units will be listed on both the stock exchanges (NSE and BSE) within five…