Extra News

ANZ, DBS BANK & EDC Close Sustainability Loan For Tata Communications

The three lenders will jointly finance a five-year USD 250 million facility under Tata Communications' sustainability-linked loan framework.

1 Days Ago

RBI Cancels License Of City Co-operative Bank

The Mumbai based bank does not have adequate capital and earning prospects

1 Days Ago

69% Central Banks Reveal: Gold’s Share Of Reserves Will Be Higher In 5 Years

29% Central Banks say they will add more gold in the next 12 months

2 Days Ago

Talks Increasingly Focus On Cost To Decide Study Abroad

International Students Applying To Record Number Of Universities And Destinations, Survey By INTO University Partnerships Reveals; INTO’s survey signals a major shift in student behavior and the emergence of new study-abroad destinations

2 Days Ago

Gold Prices To Limit Jewellery Consumption Growth To 6-8%

Share of exchange of old gold jewellery pegged to rise by 400-600 bps in FY2025 amidst rising gold prices

2 Days Ago

CBIC Campaigns Against Digital Frauds

Immediately report such cases to www.cybercrime.gov.in or helpline number 1930; CBIC urges public to discern the modus operandi of fraudsters, protect their information, verify antecedents of caller and report such acts by staying alert

Jun 16, 2024

CBI Apprehends EPFO Officer: Case Of Rs1.10 Lakh Bribe

CBI apprehends total three accused

Jun 15, 2024

G7 Will Launch Action Plan On Use Of AI In The World

G7 will launch Extraordinary Revenue Acceleration (ERA) Loans for Ukraine, in order to make available approximately USD 50 billion in additional funding to Ukraine by the end of the year; G7 remain committed to strengthening the rules-based multilateral trading system; fostering strong and inclusive global economic growth, maintaining financial stability and investing in its economies to promote jobs and accelerate digital and clean energy transitions

Jun 15, 2024

Meloni, Biden Met Private Sectors Representing Digital/Technology, Finance

G7 Partnership for Global Infrastructure and Investment

Jun 14, 2024

RBI, SEBI, IRDAI, Banks, Access Providers Strategize Control On Spam Calls

The Digital Consent Facility (DCA), established by Telecom Service Providers under TRAI’s TCCCPR-2018 Regulations was discussed in detail in the meeting convened by TRAI

Jun 14, 2024

FM: Reforms Will Continue

Government fully committed to ensure ‘Ease of Living’ for its citizens and will continue to take further steps in this direction, says Nirmala Sitharaman

Jun 13, 2024

Dee Development Engineers’ IPO To Open On June 19

Price Band fixed at Rs 193 to Rs 203 per equity share of face value of Rs 10 each

Jun 12, 2024

BCT Digital- FPT akaBot To Drive Digital Innovation

Both companies will offer products and joint solutions to enterprises in the region, charting new paths in automation and digitalization.

Jun 12, 2024

Pramerica Life Unveils Flexi Income Plan

It Enhances Financial Security for Indians

Jun 12, 2024

Nirmala Retains Fin, Ashwini IT, Goyal CIM; Nadda Gets Health, Shivraj Agri, Jitan MSME

Nadda Gets Health, Ministry of Skill Development and Entrepreneurship Given to Jayant Chaudhary; Jitin Prasada becomes MoS MEITY; Smt. Annpurna Devi Allotted Ministry of Women and Child Development; Nimuben Bambhaniya Made MoS of Consumer Affairs, Food and Public Distribution

Jun 10, 2024

Interesting Perspectives On AMFI Data

MF inflows reveal strategic shift by investors towards higher growth opportunities

Jun 10, 2024

Bajaj HFC Files DRHP With SEBI For Rs70 Bn IPO

The Public Offer aggregating up to Rs7,000 crore comprises a fresh issue of equity shares of up to Rs4,000 crore and an offer for sale of up to Rs3,000 crore by the Selling Shareholder

Jun 09, 2024

10,000 FPOs Will Be Converted Into CSCs

The CSC has always strived to improve the lives of citizens in rural areas through various initiatives

Jun 08, 2024

Lenders’ Insights On RBI Measures

The moderation in unsecured lending growth highlights the sector's commitment to prudent financial practices

Jun 07, 2024

Bajaj Housing Finance Board Approves IPO

The Board of Directors of the Company has approved an IPO of equity shares of Rs 10 each, which comprises of fresh issue of Equity Shares aggregating up to Rs 4,000 crore

Jun 06, 2024

Foster Critical Thinking, Global Citizenship Skills In Students: Dr Kareer

Need to foster strong, symbiotic relationship between industry and academia in tier 2,3 institutions: Chandrakant Patil

Jun 06, 2024

DoT To Support MSMEs & Startups By 5G/6G Technologies

Key recommendations will form platform for policy interventions to achieve transformative adoption of Industry 4.0

Jun 05, 2024

77% Indians Choose EVs For Sustainability

ICICI Lombard’s new study highlights how Electric Vehicles are driving the future Transforming Motor Insurance

Jun 05, 2024

LTIMindtree Expands Strategic Partnership With SAP

Pioneering Digital Solutions for Complex Manufacturing

Jun 04, 2024

2 Coop Banks Fined

These actions on 2 coop banks are based on deficiencies in regulatory compliance

Jun 04, 2024

PNB Signs MoU With IIFCL

The MoU is to provide long-term financial assistance to viable infrastructure projects

Jun 03, 2024

Survey On Foreign Liabilities & Assets Of MFs & AMCs Launched

The survey results are disseminated in the public domain besides being used in compilation of India’s external sector statistics.

Jun 03, 2024

Axis Bank And Bajaj Allianz GI Forges Alliance

The partnership is to boost Insurance Penetration and Financial Inclusion

Jun 03, 2024

India GDP: Continues Surge Story

FY25 real GDP growth expected at 7.1% YoY

May 31, 2024

Clix Capital's AUM Crosses Rs58 Bn

The new-age NBFC announces 125% increase in FY’24 PAT

May 31, 2024

IIFL Fintech Fund Delivers 9.5x Revenue Growth

It has a 0% Deadpool till now and 40% of its portfolio is EBIDTA positive

May 31, 2024

Promoter Share In NSE Listed Companies At 5-Quarter High

While DMF shareholding reached fresh all-time highs

May 30, 2024

"IRDAI's Directive For Cashless Approval, Claim Settlement Achievable"

Delays arise from both insurer-related issues and hospital-related issues, such as hospitals not adhering to all insurance provider requirements

May 30, 2024

Muthoot Finance's PAT Up By 22% At Rs44.68 Bn

Highest Ever Consolidated Loan Assets Under Management at Rs. 89,079 crore, up by 25% YoY

May 30, 2024

Aadhar HFC's PAT Up By 33%

The company ended FY24 with AUM of INR 21,121Cr, a robust growth of 23% YoY

May 30, 2024

FPI Share Drops To 12Y Lows: US$5tn Market Cap And Beyond

Market Pulse May 2024

May 29, 2024

Airpay Partners With Wix

It will be enabling Seamless Digital Payments for Business Owners in India

May 29, 2024

3 Coop Banks Penalized

RBI actions on these 3 banks are based on deficiency in regulatory compliance

May 28, 2024

AMFI To Elevate Investor Engagement Through Mirum India & WebEngage

The partnership is set to drive AMFI’s MarTech strategy for their ‘Mutual Fund Sahi Hai Campaign’ which aims to educate and spread awareness about the concept and working of mutual funds

May 28, 2024

Aimtron Electronics’ SME IPO Opens On May 30

The price band set at Rs153 to Rs161 per Equity Share

May 28, 2024

WIPO Treaty, A Big Win For India And Global South

For the first time the system of knowledge and wisdom which have supported economies, societies and cultures for centuries are now inscribed into the global IP system.

May 26, 2024

One Person Arrested In Case Of Masters Finserv

Directorate of Enforcement (ED), Kochi Zonal Office has arrested Ebin Varghese on 15.05.2024 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002

May 26, 2024

Trained Women Have Emerged As Cyber Security Ambassadors

Navigating Cyber Insecurity: Building Resilience in an interconnected world

May 25, 2024

360 ONE Prime To Raise Up To Rs5 Bn

Public Issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures

May 24, 2024

More Durable Improvement In Systemic Liquidity, Better Alignment Of Shorter End Rates

Prudent cash management exercise by the Govt/RBI

May 24, 2024

Highest Ever Dividend Transfer Expected To Ease Fiscal Deficit By 30 To 40 Bps

Big Bang Dividend Reflects RBI Managing Volatility Deftly In An Uncertain World

May 22, 2024

Export Of Oilmeals Down By 6%

Increased in export of Soybean meal

May 21, 2024

India’s PC Market Recovery Likely To Start By 2024 End

India’s traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in 1Q2024, up 2.6% YoY

May 21, 2024

ED Arrested One In IT Refund Fraud Case Of Rs2.63 Bn

ED initiated investigation on the basis of FIR registered by CBI for fraudulently generating and issuance of TDS refunds from Income Tax Department

May 20, 2024

Swaminathan Highlights Supervisory Concerns In Functioning Of ARCs

‘Governance in ARCs – Towards Effective Resolutions’

May 18, 2024

In Next Fortnight, Weakness Expected In INR To Continue Amidst FPI Outflows

FPI inflows into Indian equities expected to stage a comeback post the election results

May 17, 2024

5G FWA, IoT, Gen AI & Cloud AI, AR/VR, 6G Will Drive Next Wave Of Tech Advancements

India's telecom sector has emerged as a key driver of economic growth and development, contributing 6.5% to the nation's GDP

May 16, 2024

Merchandise Trade Deficit Widened Sharply To $19.1 Bn

The highest merchandise trade deficit print in four months

May 16, 2024

Medi Assist’s Q4 PAT Is Rs25 Cr

Market share of health insurance premiums (Group + Retail) is 19.6%, a growth of 186 bps y-o-y

May 15, 2024

DSP Nifty Bank Index Fund Launched

It offers an opportunity to invest in liquid and large Indian Banking stocks at reasonable valuations

May 15, 2024

Review Of Validation Of KYC Records By KRAs Under Risk Management Framework

As a part of risk management framework, the KRAs shall verify the following attributes of records of all clients within 2 days of receipt of KYC records: PAN, Name, Address; SEBI

May 14, 2024

L&T Technology Services Named Top 15 Sourcing Standout By ISG

LTTS was among the leading providers in the Breakthrough 15 category globally based on annual contract value (ACV) won over the last 12 months, according to the 1Q 2024 Global ISG Index

May 14, 2024

Randhir Singh To Be Appointed As IndoStar's Executive VC

Randhir Singh was most recently Joint CEO of APAC Financial and brings 29 years of experience in Financial Services with leadership roles at Citibank, Deutsche Bank and Edelweiss Financial Services

May 13, 2024

CBI Registers Case Against 3 Accused Of Postal Department

Allegations are of demanding Rs 25 lakh bribe for appointment of 10 contingent labourers as MTS

May 13, 2024

Piramal Alternatives Invests Rs6 Bn In Annapurna Finance

The strategic investment will drive the company's AUM growth, support market expansion and reinforce its position as a leading player in the microfinance segment

May 13, 2024

Celebrating India's Technological Achievements

National Technology Day

May 11, 2024

LTTS' Engg Hackathon Honors Innovation

503 renowned institutes across India participated at TECHgium 2024 with 4,426 concepts received across Mobility, Sustainability and Hi-Tech

May 11, 2024

Bank of India's Net Profit Increased By 57% To Rs63 Bn

Gross NPA ratio down by 233 bps YoY

May 10, 2024

SBI’s FY24 Net Profit Grows By 21.59% To Rs610.77 Bn

Gross NPA ratio at 2.24% improved by 54 bps YoY

May 09, 2024

Responsive's AI-Powered SRM Platform Will Drive Faster Revenue Growth

Organizations of all sizes can now respond to a broad set of information requests with a single unified platform.

May 09, 2024

Startup Treacle Raises Rs4 Cr Led By IPV

Treacle specializes in AI-Based Deception Tech solution

May 09, 2024

CreditAccess Grameen's PAT Up 75% To Rs14 Bn

Completion of 25 years of Inclusive Finance Journey

May 07, 2024

LTIMindtree & IBM To Set Up Watsonx CoE For Gen AI

It is a co-innovation center combining the power of the IBM Watsonx AI and data platform and the engineering skills of LTIMindtree

May 07, 2024

NPCI Bharat BillPay Onboards Disney+ Hotstar As A New Biller

Providing existing and new users of Disney+ Hotstar a hassle-free solution for subscription management through BBPS-enabled channels

May 06, 2024

Kotak Mahindra Bank Will Step-Up Investments To Fortify Its IT Systems

KMB’s Standalone PAT Up 26% To Rs138 Bn; As at March 31, 2024, GNPA was 1.39% & NNPA was 0.34% (GNPA was 1.78% & NNPA was 0.37% at March 31, 2023)

May 04, 2024

Norms For Project Loans Tightened

RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’

May 04, 2024

3 Mainboard IPOs Are Set To Be Launched To Raise Rs63.92 Bn

Banks Might Need To Adjust Their Lending Rates; IPOs of Indegene, TBO Tek and Aadhar Housing Finance are set to be launched next week to raise Rs6,392 crores

May 04, 2024

97.76% Of Rs2000 Banknotes Has Been returned

The total value of Rs2000 banknotes in circulation, which was Rs3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs2000 banknotes was announced, has declined to Rs7961 crore at the close of business on April 30, 2024

May 02, 2024

CME Group Reports Record April ADV of 26.5 Mn Contracts

Double-Digit Growth Across All Asset Classes

May 02, 2024

Angel One: Among Top 3 Most Visible & Recalled Brands Of IPL 2024

The findings revealed that Angel One was among an average of 15 brands being recalled by viewers across all properties.

May 02, 2024

Dalmia Bharat Foundation & Karur Vysya Bank To Empower Youth

DBF to train 400 rural youth through its DIKSHa centres in South India

May 01, 2024

Ex Branch Manager of Vijaya Bank Given 3 Years’ RI

It was revealed during the investigation that accused in conspiracy with private persons sanctioned and disbursed said 05 (five) housing loans without verifying the genuineness of various documents which resulted into wrongful loss to the bank

Apr 30, 2024

Demonetisation: Ex Banker, Ex LIC Agent Sentenced TO 4 Years' Jail

Designated Court Sentenced 2 To Imprisonment With Total Fine Of Rs3.70 LAKH

Apr 30, 2024

Asirvad Micro Finance Gets Sebi Nod For IPO

The IPO has a face value of Rs 10 per share and is a fresh issue of equity shares up to Rs 1500 crore with no offer for sale (OFS) component.

Apr 30, 2024

RBI Cancelled CoR Issued To Acemoney (India)

The CoR of the abovementioned company has been cancelled on account of violation of RBI guidelines on managing risks and code of conduct in outsourcing of financial services in its digital lending operations undertaken through third party apps

Apr 29, 2024

Jana SFB’s PAT Up 162% To Rs6.70 Bn

GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023

Apr 29, 2024

‘Optimism About Potential Of Upcoming Public Issues’

Indian Market will remain volatile ahead of Geopolitical tensions & due to Q4 FY2024 earning season

Apr 28, 2024

SBFC Finance Soars In Q4FY24, Ending Year On A High

The Gross Non-Performing Asset (NPA) ratio is at 2.43% as at March 31, 2024 in comparison to 2.57% same time last year

Apr 28, 2024

Tata AIA's Social Media Campaign Encourages Gen Z To Vote

#VoteKarneKoTaiyaar; ‘Register to Vote’

Apr 26, 2024

REC Avails SACE-Covered Green Loan Facility For JPY 60.536 Bn

Participation From Banks Across Asia, America And Europe

Apr 26, 2024

SMIORE Sigs SPA With ADV Partners To Acquire Controlling Interest In Arjas

Arjas has been valued at an Enterprise Value of ? 3,000 Crore

Apr 26, 2024

India Continues To Exhibit Robust Economic Performance: FinMin

Going forward, India’s trade deficit may further decline as the PLI scheme deepens its coverage and extends to other sectors

Apr 26, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Apr 26, 2024

Prateek Agrawal Elevated As MD & CEO Of Motilal Oswal AMC

Leadership changes to Drive Growth Strategy: Akhil Chaturvedi elevated as Executive Director

Apr 25, 2024

RBI Directs KMB: Don't Onboard New Customers Through Online, Mobile Banking Channels

RBI directs Kotak Mahindra Bank to cease and desist, with immediate effect, from issuing fresh credit cards; Supervisory Action against the private bank under Section 35A of the Banking Regulation Act, 1949

Apr 24, 2024

BharatPe One Launched

India’s first All-in-One Payment Device

Apr 23, 2024

IndusInd Bank Successfully Executes RBI’s Programmable CBDC Pilot

For this pilot, the bank collaborated with Circularity Innovation Hub

Apr 22, 2024

HDFC Manufacturing Fund Launched

NFO Period – April 26, 2024 – May 10, 2024; Fund’s investment strategy emphasizes on a core portfolio comprising at least 80% investment in stocks representing diverse sectors under the Manufacturing theme.

Apr 22, 2024

Direct Tax Collections Up By 18% Y/Y At Rs23.37 Tn

Refunds aggregating to Rs3.79 lakh crore issued in FY 2023-24; Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs1.35 lakh crore i.e. by 7.40%

Apr 21, 2024

Shares Of Rs81.03 Cr Attached In Case Of Bank Fraud

ED initiated investigation on the basis of FIR registered by Central Bureau of Investigation on complaint filed by Central Bank of India against M/s SEL Textiles Limited and its directors for cheating and illegal diversion of loan amount to the tune of Rs1530.39 Crore

Apr 20, 2024

IOC Launches Olympic AI Agenda

The Working Group is composed of many global experts, which include, amongst others, Soumitra Dutta: Peter Moores Dean and Professor of Management, Saïd Business School at the University of Oxford; Amit Joshi: Professor & AI Expert, IMD Business School; Nitin Mittal: Principal and Global AI Leader, Deloitte LLP and Agni Orfanoudaki: Associate Professor of Operations Management, Saïd Business School at the University of Oxford

Apr 19, 2024

6 Coop Banks Penalized: Total Fine Rs63 Lakh

These actions on 6 coop banks are based on deficiencies in regulatory compliance

Apr 18, 2024

RIIL’s Net Profit Rs3.69 Cr

Total Income is Rs 2,070.05 Lakh as compared to Rs 2,080.83 Lakh on Y-o-Y basis, on account of lower utilisation of infrastructure assets, partly offset by other income from higher average cash and marketable securities

Apr 18, 2024

Sapience Automata Raises Rs1.75 Cr Led by IPV

The funds will be used to boost sales, forge partnerships, advance ADAS technology, and secure international patents

Apr 18, 2024

Angel One’s PAT Up 31% YoY

Ranked 2nd in India in incremental NSE Active Client base with 6.1 Million an increase of 42.7% YoY

Apr 17, 2024

Cropin Launches Micro Language Model For Climate Smart Agri

Ak?ara Will Be Targeting Underserved Farmers in the Global South

Apr 16, 2024

Mutual Fund Assets Grew 35% Y/y

Individual investors played a pivotal role in driving the growth trajectory, particularly in equity, hybrid, and solution-oriented schemes, which collectively accounted for nearly 58% of industry assets and 80% of folio count by March 2024.

Apr 16, 2024

IVCA Elects Committee To Guide Alternate Capital Ecosystem

Executive Committee is for a Two-Year Term

Apr 15, 2024

RBI Expected To Maintain Status Quo Till August 2024

The concerns around food inflation remain given the prediction of an intense summer over the next 2-3 months

Apr 15, 2024

Dvara Kshetriya GFS, Tally Solutions Not Found Suitable To Set Up SFB

RBI has received 13 applications to set up bank under the Guidelines for 'on tap' Licensing of Universal Banks and SFBs

Apr 13, 2024

Inflation, Credit, Currency, Bond Yields, Stock Markets Have Not Shown Specific Tendency In Last Elections In Polling Months

It does look like that during the Elections there is a watchful stance taken by the government on capex. This is also witnessed for company investment announcements as well as foreign investors

Apr 12, 2024

Domestic Air Passenger Traffic Grows By 13% YoY

The airlines’ capacity deployment in March 2024 was higher by 2% than that of March 2023 and was higher by 9% over February 2024

Apr 12, 2024

FICCI Celebrates 97th Foundation Day

FICCI Celebrates 97th Foundation Day, Felicitates First 33 Past Presidents 1927-1959

Apr 10, 2024

Bank of America Securities Buys Stake In TAC Security

Anchor investor NAV Capital VCC – NAV Capital Emerging Star Fund also adds more shares of TAC Security to its portfolio

Apr 10, 2024

Can You Ever Imagine 500 Mn People Getting Into Banking Industry? : VP

Across various frontiers of cutting-edge technology, including quantum computing, machine learning, 6G technology, and green hydrogen, India is prominently positioned as a front runner.

Apr 09, 2024

Piramal Alternatives Invests Rs1.10 Bn In Biodeal Pharmaceuticals

The strategic investment will fuel Biodeal's development of innovative solutions, enhance its production capabilities with advanced technology, and expand operations, positioning it as a leading nasal spray manufacturer.

Apr 08, 2024

Gold, Growth, India’s Valuation, Return Dynamics

The extraordinary decline in loss making companies is a result of broad easing of financial conditions, high fiscal deficit led government spending and stable external situation for India coupled with resilient economic growth in India. If these factors continue to remain aligned, the long-term trend of higher corporate profitability will remain strong

Apr 08, 2024

Wipro Appoints Srini Pallia As CEO & MD

Srini succeeds Thierry Delaporte, who, after spearheading a significant transformation at Wipro for the last four years, is stepping down to pursue passions outside the workplace

Apr 06, 2024

FY25 Headline CPI Likely To Be In Range Of 4.5-5% With Risks Tilted To The Upside

9 out of 20 commodities have registered some momentum in prices; BoB Essential Commodity Index increased at the fastest pace in Mar’24

Apr 06, 2024

Core Sector, Manufacturing Sector Likely To Be Key Drivers Of Economy Over Medium Term

In the current fiscal, the estimated growth is likely to be over 7.0% in line with the NSO GDP growth estimates of 7.6% for FY24

Apr 06, 2024

Rural Demand Remains Upbeat

Rajiv Sabharwal: The Indian rupee's resilience, being among the least volatile currencies, amplifies the positive sentiment and demonstrates India's economic resilience on the global stage

Apr 05, 2024

SFBs Allowed To Use Permissible Rupee Interest Derivative Products

Consumption Is Expected To Support Economic Growth In 2024-25

Apr 05, 2024

LTIMindtree & Aforza Unite For Digital Transformation in CRM & TPM

Training Academy will be setup to deliver across consumer products industry, globally

Apr 04, 2024

PFC Pays Interim Dividend of Rs20.33 Bn

Highest-ever Interim Dividend to Government of India

Apr 03, 2024

INR Expected To Undergo A Mild Depreciation In FY25

An analysis of the CAD - Q3FY24

Apr 02, 2024

RBI Revises Penalties For Bank Branches, Currency Chests For Deficiency In Customer Service

Reserve Bank of India issues guidelines / instructions for realising the objectives of Clean Note Policy and enhancing the operational efficiency as part of currency management

Apr 01, 2024

Tata AIA Launches Payment On WhatsApp

New introduction is an outcome of a partnership with Meta and Infobip; Tata AIA adopts an Analytics-driven, Decile based approach to improve its renewal premium collections.

Apr 01, 2024

Passport Officer Sentenced To 5 Years RI

Designated court sentences then Passport officer with fine of Rs3.10 lakh in a bribery case

Mar 30, 2024

GeM Crosses Rs4 Trillion In GMV

21 lakh sellers and service providers onboarded on GeM

Mar 29, 2024

Transactions Of Central / State Governments: Special Measures For Current FY

Annual Closing of Government Accounts

Mar 29, 2024

Bajaj Allianz Life Offers Instant Loan Against Policy In 24 Hours

No Credit Score Check, quick processing and assistance via the customer portal – Life Assist

Mar 29, 2024

BoP: Q3 CAD Improves; Seen At -0.7% Of GDP For FY24

Capital flows were in surplus to the tune of USD 17.4 bn (or 2.0% of GDP) supported by net FPI flows and banking capital

Mar 27, 2024

Y/Y Degrowth In Net FDI Inflows During April-December 2023

Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2023-24

Mar 27, 2024

DCB Bank Integrates With GST Portal

The Bank enables the taxpayer to make GST payment using online & branch over the counter options

Mar 26, 2024

SpiceJet Reaches Settlement to Resolve $90.8 Mn Liabilities

Settlement to Generate Savings of $68.3 million (INR 567 Crore) for SpiceJet; Complete Ownership of 13 Q400 Planes Transfers to SpiceJet

Mar 26, 2024

12-Month Flow For India (Equity) Only Next To Flows To The US And Japan

How has the equity market performed?

Mar 21, 2024

LIC Clarifies On Employee’s Role In Front Running Of A Client’s Trades

Yogesh Garg has been removed from the services of the Corporation consequent to his involvement in the front running

Mar 20, 2024

82% of Indian Finance Professionals Prioritize Diversity

ACCA calls for action on Neurodiversity

Mar 20, 2024

Axis MF Deploys AI-Powered Learning Program For Employees

The AMC Collaborates with Enparadigm for an Experiential Program

Mar 19, 2024

Indian Tourists Will Spend More And Use Travel Hacks

American Express 2024 Global Travel Trends Report reveals many interesting findings

Mar 19, 2024

India Shelter Finance Celebrates 14th Founder's Day

The company Marks Founder's Day with the special theme 'Leading to serve'

Mar 18, 2024

6 Schools Sign Up For Atal Tinkering Labs

ATLs to ignite innovation amongst students in Thiruvananthapuram schools

Mar 15, 2024

64% Of Equity MFs Outperform Respective Benchmarks In Feb’24

PL Wealth Management study is based on the analysis of 277 open-ended equity diversified funds

Mar 14, 2024

Tata AIA Investment Plans: Versatile Spectrum Of Funds

The robust economic growth of India, despite global uncertainty, offers stability and attractive investment opportunities

Mar 13, 2024

TAC Security Appoints Altaf Halde As APAC & ME’s CBO

The company strengthens its top leadership team ahead of its growth plans by floating an IPO

Mar 13, 2024

Nifty 500 Tops Key Global Indices Peer Chart Over Last 10 Years: MOAMC

Nifty 500, India's broadest index, outperformed most of the world's leading indices except the Nasdaq 100 over the last 10 years, according to the study by Motilal Oswal Asset Management Co.

Mar 12, 2024

STPI’s Finglobe Will Raise Startups In Fintech & Banking

Software Technology Parks of India launches 24th Centre of Entrepreneurship in Gandhinagar

Mar 12, 2024

Aditya Birla Finance Amalgamated With Aditya Birla Capital

The amalgamation will create a large unified operating NBFC

Mar 11, 2024

LIC's Group Premium Doubles, Total Premium Rises 67% For Feb 2024

In February 2024, LIC saw a notable rise in Group Yearly Renewable Premium and Individual Premium, experiencing an increase of 36.10% and 11.69% respectively

Mar 09, 2024

FGII Urges Women DontBeAPlus1

The insurer's campaign encourages them to break free from the traditional norm of being added as a secondary beneficiary and opt for comprehensive health insurance solutions suited to their needs

Mar 08, 2024

SIP Contribution At All-Time High Of Rs191.86 Bn In Feb 2024

AMFI Mutual Fund Industry Monthly Data for February 2024

Mar 08, 2024

UPI Is Now Accepted In Nepal

Indian citizens can seamlessly conduct QR-code-based UPI transactions in Nepal

Mar 08, 2024

RBI & Bank Indonesia Will Promote Use Of Local Currencies For Bilateral Transactions

The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Bank Indonesia, Mr. Perry Warjiyo

Mar 08, 2024

Health Insurance Plans Too Generic To Merit Women’s Attention

75% of women believe that existing health insurance policies fall short of addressing women-specific needs; Future Generali India Insurance launched HEALTH POWHER – one of the most comprehensive policies to empower women and cater to their varied health needs

Mar 07, 2024

PM Modi Has Made 40 Policies In 10 Years To Shape Economy: Shah

Union Home Minister and Minister of Cooperation, Shri Amit Shah, addresses IGF Annual Investment Summit – NXT10 in Mumbai

Mar 07, 2024

Card Issuers Shall Give Option Of Multiple Networks To Customers

Arrangements with Card Networks for issue of Credit Cards

Mar 06, 2024

Motilal Oswal Midcap Fund Celebrates 10yrs Of Launch

Generated AUM of Rs. 8,490 crores with 6.09 lakh unique investors from 185 cities

Mar 06, 2024

Platinum Industries Lists At 33.33% Premium

The Company makes an impressive debut on the exchange

Mar 06, 2024

Bandhan Long Duration Fund To Open On 5 March

The Fund is meant for investors seeking long-term debt investments with high-quality focus

Mar 04, 2024

There Are Pockets Of Opportunities, Which Appear Reasonable On PEG Basis: Chirag

SEBI is looking to ensure that during phases of market downturns and the resultant surge in outflows, the first set of investors shouldn't be at an advantage to leaving those staying invested with low liquidity

Mar 04, 2024

REC Will Provide Rs10 Cr For Education Of Children In UP

REC and UNISED Agreement signed to strengthen the education of children in Siddharthnagar, Uttar Pradesh

Mar 04, 2024

S.Ravindran’s Appointment As Part-Time Chairman Of TMB Approved

The RBI approval is subject to S. Ravindran, stepping down from his Directorships in Shriram Finance and Bandhan AMC Limited, prior to assuming charge

Mar 01, 2024

5 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 29, 2024

Canara HSBC LI Unveils Digital Campaign

It Spotlights iSelect Guaranteed Future Plus; "Fulfilling Financial Aspirations, Securing Milestones: Essence of the campaign"

Feb 29, 2024

MSME Credit Grows Across Semi Urban, Rural Geographies

Facilitating wider adoption of online loan applications, financial management tools, digital payment platforms along with utilization of robust analytics, can enhance the lending to the MSMEs and help fortify India's businesses for sustained growth

Feb 28, 2024

Mixed Macro Data Has Raised Uncertainty Around Timing Of Fed’s Rate Cuts

Sensex opened higher today, while other Asian stocks are trading lower.

Feb 28, 2024

43% of DPIIT-Recognised Startups Have At Least One Woman On BoD: Singh

Would love unicorns in agritech, energy transition, clean tech: Secretary, DPIIT

Feb 28, 2024

We’ll Soon Have Double The Number Of AIFs And Many More Great Companies Getting Formed: Ramann

Challenges and opportunities in private capital and the role of regulatory entities

Feb 27, 2024

Women Possess Entrepreneurial Talent, With 95% Success Rate In Start-Ups: Ghosh

Bandhan Bank's Managing Director and CEO, Chandra Shekhar Ghosh: More Women Taking Lead In Family Decision-Making

Feb 26, 2024

Mukka Proteins’ IPO Opens On Feb 29

Price band set at Rs26 to Rs28 per Equity Share

Feb 26, 2024

ACKO Provides Insurance For Removable Batteries In EVs

As per ACKO's EV report, 49% of EV owners believe battery replacement costs are a significant part of EV ownership

Feb 26, 2024

IDS 2024: Digitise, Monetise, Democratise

IDS To Focus On Digital Advertising & Martech, Gaming, eCommerce, Edutech, Fintech; MeitY, MIB, DPIIT Secretaries, Over 60 Founders to Address India Digital Summit 2024 in Mumbai, February 27-28

Feb 24, 2024

Pivotal Moment In Journey Towards Modernizing Transit Systems: PCI

Bipin Preet Singh: Industry welcomes the recent amendments by RBI Allowing banks and non-banks to issue Prepaid Payment Instruments for public transport

Feb 24, 2024

Esconet Technologies Stock Lists At 245% Premium Over IPO price

Stock listed at Rs290/- on NSE Emerge

Feb 23, 2024

Clix Capital Launches Jazba As Its New Marketing Campaign

The new-age NBFC salutes the determination of Indian MSMEs

Feb 23, 2024

Biz2X Appoints Mandeep Singh as Head, Product Management

His vision for the company entails a future where digital lending transcends traditional boundaries, strengthening financial inclusion and growth opportunities.

Feb 22, 2024

Agri startup Indic Wisdom raises Rs4 Cr

Money raised in Pre-Series A Round led by Inflection Point Ventures, Funds will be used to boost visibility, expand distribution, and enhance production capacity

Feb 22, 2024

GDP Growth To Moderate To 6% In Q3 FY2024: ICRA

ICRA has projected the year-on-year (YoY) growth of the GDP to moderate sequentially to 6.0% in Q3 FY2024 from 7.6% in Q2 FY2024.

Feb 21, 2024

Giving Wings to Entrepreneurial Aspirations for Drone Enthusiasts

DroneAcharya and JAIN (Deemed-to-be-University) Join Forces

Feb 21, 2024

DIFENZ & Signzy To Bring AI Compliance Tool To FIs

The new offering will leverage No-code capability for faster GTM and AI engine for compliance automation

Feb 20, 2024

PolicyGPT Gets 1500 Inquiries A Week

India's leading insurtech platform, offering group health insurance and business insurance solutions, sees threefold adoption; with 68% of queries now being handled autonomously

Feb 20, 2024

NIIF Commits Rs2.07 Bn To Amicus Capital

Amicus Capital Fund II expects to support businesses that leverage technology to scale, early in their growth journey, across sectors such as speciality manufacturing, technology & business services, healthcare, financial services and other sectors

Feb 20, 2024

Senior Citizens Get PNB HFC’s FD At 8.30%

The special interest rates are applicable on all new and renewed fixed deposits booked until 31st March 2024

Feb 19, 2024

REC Gets 'Innovative Technology Development Award' At IIT Madras

The solar plant generates around 3.15 million units of clean energy every year and thus helping IIT Madras reduce carbon footprint

Feb 19, 2024

Quantum Multi Asset Allocation Fund Launched

The fund will be investing in a diversified portfolio of Equity, Debt and Gold Investment

Feb 19, 2024

SBM Bank India Appoints Ashish Vijayakar as MD & CEO

He is a veteran banker with a proven track record spanning around three decades, in the banking and financial services sector

Feb 16, 2024

SBI Customers Can Digitally Enroll Under PMJJBY & PMSBY

The facility will provide impetus to the Government of India's drive of covering all eligible citizens under PMJJBY & PMSBY schemes

Feb 16, 2024

NeoGrowth’s AUM Jumps 51% To Rs24.56 Bn

The MSME-focused digital lender continues its growth streak in Q3, with double-digit Return on Equity

Feb 16, 2024

India’s merchandise exports registers 3% growth at USD 36.92 Bn

Main drivers of merchandise export growth in Jan 2024 include Petroleum Products, Engineering Goods, Iron Ore, Electronic Goods, Drugs & Pharmaceuticals, etc.

Feb 16, 2024

RBI Instructs Card Network To Stop Unauthorized Payments Though Business Cards

The intermediary in the said arrangement pooled large amount of funds into an account which is not a designated account under Payment and Settlement Systems (PSS) Act

Feb 15, 2024

Virendra Bansal Is Now Managing Director & CEO of SBICAPS

Prior to this, he was the Country Head for the US Operations of SBI, which included its offices in New York, Chicago, Los Angeles, Sao Paulo and Washington DC

Feb 14, 2024

Many Banks Won Multiple Awards At IBA Banking Technology Conference

SBI, Bank of Baroda, Union Bank of India, Bank of Maharashtra, IndusInd Bank, City Union Bank won multiple Awards

Feb 14, 2024

Angel One’s Clients Up 58.5% To 20.43 Mn

The brief company experienced a remarkable 17.3-fold year-on-year increase in Unique Mutual Fund SIPs registered

Feb 13, 2024

Fulcrum Digital Disrupts Gen AI Landscape with Ryze

Ryze, an advanced Generative AI platform, revolutionizes content generation and data processing with seamless integration of advanced AI components, empowering businesses worldwide to embrace the future of innovation and growth

Feb 12, 2024

Kotak Technology Fund Launched

NFO opens on 12th Feb 2024 and closes on 26th Feb 2024

Feb 12, 2024

SINGLE.ID Addresses ‘Rewards Payment’ Challenges For Retailers

Brand ambassador MS Dhoni graced the event where Sarvatra Technologies launched their new app in association with Enigmatic Smile.

Feb 10, 2024

Bank Credit To MSMEs Remains Strong

With the government's announcement of a new affordable housing scheme for the middle class in the Interim Budget, there is hope for small businesses in the housing and homes value chain in the years to come

Feb 09, 2024

New Framework Will Combat Financial Frauds, Bolstering Digital Security: Rahul Jain

The new framework will streamline user experience while empowering them with choice and convenience

Feb 09, 2024

RBI To Enhance Security Of AePS Transactions

RBI proposes to adopt a principle-based "Framework for authentication of digital payment transactions"; RBI proposes to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by banks

Feb 08, 2024

Cashinvoice Closes $3.4 Mn In Series A Round

The strategic round comprised primary and secondary participation from HDFC Bank, Pravega Ventures and existing investor Accion Venture Lab

Feb 07, 2024

RBI Imposes Penalty Of Rs8.80 Lakh On Power Finance Corporation

The action is for non-compliance with certain provisions of the RBI's directions on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies'

Feb 06, 2024

Zerodha Liquid ETF crosses Rs150cr AUM in 7 trading sessions

How LIQUIDCASE works: NAV changes daily. It started from 100, but is changing daily to reflect the scheme's performance. Over a period of time, NAV should move to 105-110 and so on.

Feb 06, 2024

Banks Should Engage With Exporters & Importers: Dr Joshi

DFS Secretary chairs meeting to review banking and insurance related international trade matters; Functionaries of RBI, IRDAI, SBI Chairman, and senior executives of major commercial banks were present in meeting

Feb 06, 2024

 Except China (lower), global yields closed higher

On macro front, US ISM services PMI data rose to its 4 month high of 53.4 in Jan'24 from 50.4 in Dec'23

Feb 06, 2024

SEBI Nod for Juniper Hotels’ Rs18 Bn IPO

The IPO with a face value of Rs10 is entirely through a fresh issue of equity shares with no Offer for Sale (OFS) component

Feb 05, 2024

Affle’s PAT Up By 15% At Rs Rs209 Cr

Robust performance for Q3 & 9M FY2024

Feb 05, 2024

3 Indigenous Developed Technologies Transferred To 12 Industries

It is a step towards Innovation, Science and Technology theme of Vikshit Bharat @2047

Feb 05, 2024

Paytm Denies Investigation By ED On Its Associates Or Executive For Money Laundering

One 97 Communications (OCL) will work with banks, other than Paytm Payments Bank; OCL and Paytm Payments Services Limited (PPSL) will move the nodal to other banks by February 29, 2024.

Feb 04, 2024

Budget Has Laid Out Reinforced Architecture Of Big Possibilities: Dinesh Khara

'Nari Shakti' Takes Center Stage; Vaccination To Prevent Cervical Cancer; Government To Bring Synergy Of Various Schemes For Maternal And Childcare; U-Win Platform To Further Strengthen Digital India Initiative; Healthcare Cover For Asha Workers, Anganwadi Workers And Helpers

Feb 01, 2024

Budget Will Foster Innovation: Fintechs Will Help Women-Led MSMEs To Access Formal Credit

FIBE's vision of empowering and upskilling the youth to fulfil their aspirations are aligned well with the initiatives

Feb 01, 2024

RBI-Digital Payments Index Has Increased Across All Parameters

The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI)

Feb 01, 2024

RBI Takes Stern Action against Paytm Payments Bank

No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime

Jan 31, 2024

A Deep Dive Into Global Indebtedness: A 100-Year History

Average gross public debt for advanced economies (AEs) increased from 66.7% in 2001-10 to 95% in the last decade and is expected to rise to 108.8% in the ongoing decade (2021-28)

Jan 31, 2024

Risks To India’s Growth: Energy Imports, Quality Of Fiscal Spending, Tight liquidity conditions

Domestic resilience is expected to offset global headwinds

Jan 30, 2024

Improve Tax Benefits To Enhance Insurance Coverage

No taxation for annuity plans will benefit both retirees and the industry

Jan 30, 2024

5 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Jan 30, 2024

BoB’s 7 Current Accounts Cater to Businesses

Customised and feature-rich business banking solutions to meet the requirements of a range of enterprises – from individuals & small proprietorship firms to large business houses

Jan 29, 2024

Capri Global Capital’s PAT Up 81% To Rs680 Mn

The NBFC-ND-SI is looking to generate at least Rs200mn in net fee income from insurance distribution in FY25E

Jan 28, 2024

Data Privacy Audits: A Proactive Approach for Indian Companies in Ensuring Compliance

Identifying and rectifying inefficiencies in data processing and storage during audits can lead to improved operational efficiency and cost savings

Jan 28, 2024

Long-Term Rural Coops Have Disproportionately Higher NPAs


Jan 27, 2024

Kfin Technologies’ PAT At Rs668.3 Mn, Up 25%

KFin Technologies’ strong performance across segments leading to robust revenue growth and margin expansion

Jan 26, 2024

Fund Diversion From Religare Finvest: ED's Searches In Mumbai

ED initiated investigation on the basis of FIR registered by EOW, Delhi Police wherein Religare Finvest Ltd (RFL) made allegations against the 4 companies of hatching a criminal conspiracy for causing wrongful loss to RFL by defaulting on a loan of Rs150 Crore

Jan 26, 2024

Amber Group & Titagarh Rail Systems Forge An Alliance

Agreement is to enter Train components and subsystems business in India and Italy

Jan 25, 2024

Bajaj Capital & WebEngage Partner For Positive CX

Within the new world order, elevated customer experience (CX) becomes an imperative

Jan 24, 2024

Infibeam Avenues Records Highest Ever PAT At Rs421Mn

Payments business incrementally added over INR 1 billion Gross Revenue in a single quarter

Jan 23, 2024

300% Growth In Demand For Veefin's SCF in FY23-24

Global uptake in demand as SCF becomes crucial for MSMEs across Southeast Asia, Middle East and Europe to power economic growth

Jan 23, 2024

Startup India: Every Second Startup Has A Woman Director

55,816 startups (48%) out of a total of 1,17,254 startups in India have at least one woman director (till December 2023)

Jan 23, 2024

IndiaMART’s Revenue Grows By 21% Y/Y

Net Profit for the quarter was at Rs. 82 Crore representing margin of 24% caption Dinesh Agarwal, Chief Executive Officer, IndiaMART

Jan 22, 2024

Reliance Industries’ Q3 Net Profit Up 10.9% at Rs196.41 Bn

Revenue for JPL increased by 11.4% Y-o-Y, led by robust subscriber growth across mobility and homes, and benefit of mix improvement in ARPU

Jan 20, 2024

Public Holiday on Jan 22, VRR Auction On Jan 23

The 3-day Variable Rate Repo (VRR) auction conducted on Friday with date of reversal on January 22, 2024 will now be reversed on January 23, 2024

Jan 20, 2024

Drone Startup Bonv Aero Raises INR 6 Cr

BonV Aero pioneers cutting-edge electric aerial vehicles for challenging terrains, catering to critical logistics needs with a focus on safety and convenience

Jan 19, 2024

IndusInd Bank’s Net Profit Up By 17%

Bank's NIM at 4.29%, Net NPA at 0.57%, Provision Coverage Ratio at 71%, Capital Adequacy Ratio (CRAR) at 17.86%

Jan 19, 2024

AIGA Calls For Inclusive Access To Advanced Artificial Intelligence

Cathy Li, Head, AI, Data and Metaverse, World Economic Forum: We must collaborate among governments, private sector and communities to ensure future of AI benefits all

Jan 18, 2024

Tap Capital To Fund Businesses Up To Rs20 Bn By 2025

Tap, has helped to raise INR 250 Cr for over 70 businesses across India via asset leasing and invoice discounting products.

Jan 18, 2024

Infibeam Avenues Appoints Rajesh Kumar as Phronetic.AI CEO

Strategic appointment underscores Infibeam's unwavering commitment to technological advancements within the AI landscape

Jan 17, 2024

ICICI Prudential Nifty50 Value 20 Index Fund launched

NFO opened on 15th Jan, 2024 and closes on 29th Jan, 2024

Jan 16, 2024

RBI Issues Draft Framework For Recognising SROs For Fintech Sector

The draft framework lays down the characteristics of a FinTech SRO, and includes, inter-alia, functions, governance standards, etc

Jan 15, 2024

Motilal Oswal Large Cap Fund Launched

An open-ended equity scheme predominantly investing in large-cap stocks

Jan 15, 2024

Startups Have Become A Way Of Life In Last 10 Years: Sharma

Puneet Chandok, President, Microsoft India: Make full use of AI and learn it

Jan 15, 2024

RBI Cancels License of 2 Coop Banks

Both the coop banks do not have adequate capital and earning prospects

Jan 13, 2024

Bharat Ratnam Mega CFC in SEEPZ Mumbai Inaugurated For Gem & Jewellery

The first-of-its-kind Centre with all facilities under one single roof is a boon for MSME and small-medium exporters; Enhancing competitiveness through the latest in 3-Ts (Technology, Techniques and Training) from across the globe at a single facilitation centre

Jan 13, 2024

Reimagining Insurance With Predictive Analytics

The insurance sector is witnessing several use cases for advanced data and analytics capabilities and predictive modeling-based applications

Jan 12, 2024

SEC's Approval For Spot Bitcoin ETFs Adds Optimism: Rahul Pagidipati

Chair Gary Gensler: We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed

Jan 11, 2024

Adani Group To Invest Rs2 Trillion In Next 5 Years In Gujarat

Gautam Adani announced an investment of Rs55,000 crore in the state by 2025. Adani Group will be expanding towards a green supply chain for an Atmanirbhar Bharat and creating the largest integrated renewable energy ecosystem including solar panels, wind, green ammonia, PVC, and expansion in copper and cement projects

Jan 11, 2024

Medi Assist Healthcare’s IPO Opens On Jan 15

Price Band fixed at Rs 397 to Rs 418 per equity share of face value of Rs 5 each of Medi Assist Healthcare Services Limited

Jan 10, 2024

Sectoral/Thematic Funds Category Saw Highest Inflows

The equity segment was aided by 6 new fund launches in December which garnered INR 6,321 crores

Jan 09, 2024

India’s 10Y yield could see some downward bias going forward

On domestic front, Bloomberg Index proposed to include Indian bonds (FAR) to be part of the EM local currency Index from Sep'24, which would support more flows

Jan 09, 2024

Fino Payments Bank Has Applied For ‘On Tap’ Licensing Of SFB

Major changes done in the earlier Guidelines on Small Finance Banks

Jan 08, 2024

Drone Survey Completed In 2.90 Lac Villages

SVAMITVA Scheme wins Best Award for Innovation Sandbox presentation during Public Policy Dialogues–2024 at Indian School of Business, Hyderabad

Jan 06, 2024

Demand Side Pull Of Inflation Does Not Seem To Be Much Of A Concern Now

7 out of 20 commodities have registered softening of prices

Jan 06, 2024

MobiKwik Refiles DRHP For Rs7 Bn IPO

The proceeds from the fresh issue, to the extent of Rs 250 crore will be used for funding growth in the financial services business, Rs 135 crore for funding growth in the payment services business, Rs 135 crore for investment in data, ML and AI and product and technology, Rs 70.28 crore for Capital expenditure for the payment devices business, and general corporate purposes

Jan 05, 2024

Fintech Platform Indivest Will Make Investments Easy

Internovo Ventures' Platform educates users how to make investment decisions through user-friendly videos

Jan 04, 2024

BoI’s Attractive FD Rate For Rs 2 Cr & Above

The Super Special Fixed Deposit offers a very lucrative rate of 7.50% p.a. for 175 days, which is high yielding avenue for HNIs & Corporates

Jan 02, 2024

Signs of a moderate slowdown in H2F24

Sequential contraction in most indicators, however, seasonal post festive season

Jan 02, 2024

PIDF Scheme Extended Up To 2025 End: Guidelines For Enhancements

It has been decided to enable other contemporary devices, viz., (i) Soundbox devices – providing instant audio payment confirmation along with payment acceptance by "scan & pay" and Near Field Communication (NFC), and (ii) Aadhaar-enabled biometric devices – certified biometric scanner devices facilitating Aadhaar authentication for acceptance of payment by merchant through BHIM Aadhaar Pay, would be eligible for subsidy under the Scheme, for installations made from October 01, 2023 onwards

Jan 02, 2024

How transmission of interest rates has fared on deposits and lending sides of PSBs and PVBs?

For PVBs the increase on fresh deposits was lower 195 bps and that on loans was 154 bps

Jan 01, 2024

License Of Musiri UCB Canceled

The bank does not have adequate capital and earning prospects

Dec 30, 2023

Invest India, DPIIT & SCALE Committee Deliberate On 11 Focus Sectors

DPIIT hosts Chintan Shivir for Manufacturing

Dec 29, 2023

RBI imposes monetary penalty on 5 Coop Banks

These actions against 5 Coop banks are based on deficiencies in regulatory compliance

Dec 29, 2023

Shiprocket-DGFT Sign MOU To Enhance E-Commerce Outreach

Piyush Goyal announces implementation of RoDTEP benefit on Courier and Postal E-Commerce exports

Dec 29, 2023

Rise of Digital Transactions in Ayodhya

Donations are effortlessly made through QR codes at the counters, streamlining the process for devotees; Ayodhya is experiencing a digital rejuvenation and a technological leap; From sublime spirituality to digital transcendence

Dec 27, 2023

Innovation, Govt Support Will Accelerate Digital Transformation Of MSMEs

Tier 2, 3 and beyond cities have emerged as a hotbed of digitization, with MSMEs in these regions actively adopting fintech solutions to streamline operations, enhance customer experiences, and expand their reach

Dec 27, 2023

Services Exports Lower Q2 CAD; Capital Flows Weaken On FPI, FDI

"We continue to expect USD/INR to trade in the range 83-83.50 by March 2024"

Dec 27, 2023

147 MoUs, with potential investments Of Rs2.91 Tn, signed Under VGGS 2024

A total of 47 MoUs were concluded in a single day In the run up to the Vibrant Gujarat Global Summit 2024

Dec 25, 2023

‘Pandemic Fund’s Half-a-Billion-$ Envelope

Eligible countries can submit proposals through May 17, 2024 for the Fund, hosted by the World Bank

Dec 23, 2023

FinMin Rebuts IMF Report On India’s Debt Situation

Factual position vis-à-vis IMF's Article IV consultations with India

Dec 23, 2023

API Banking's Potential & Power Of Automation Offer A Glimmer Of Hope

Rohit Taneja: India's future lies in the strength and adaptability of its fintech & banking infrastructure

Dec 23, 2023

Major Leap Expected In Multimodal AI In Customer Support

Raghu Ravinutala: The Indian market will also see a surge in multilingual LLMs, bridging language barriers and enhancing AI accessibility like never before

Dec 23, 2023

Reliance Retail’s JioMart, to on-board NRLM’s SHGs

The mission of Ministry of Rural Development is working to increase the income of SHGs on sustainable basis and this step will add to our initiatives towards it: Charanjit

Dec 22, 2023

Azad Engineering’s IPO Subscribed 11.57 times

The Issue to close tomorrow, Friday, December 22, 2023

Dec 21, 2023

HDFC Life & NKGSB UCB Form Corporate Tie-up

NGKSB customers will be able to avail a bouquet of traditional, term, pensions and annuity products of HDFC Life

Dec 21, 2023

AI-led Automation Transformed Contact Center Performance: Ozonetel

With 41% improvement in customer engagement and 20% higher agent efficiency, contact centers now play a vital role in driving business growth

Dec 21, 2023

Include gender view in voluntary sustainability standards: Sirohi

Advancing the Role of Women in Agriculture Supply Chain

Dec 21, 2023

Improvements In Appliance Energy Efficiency Could Lead To Net Zero Emissions

Looking forward to 2024, the world is counting on India's continued leadership on energy efficiency

Dec 21, 2023

There can Be negative impact on AIF industry: Punit

The RBI seeks to address regulatory concerns and enhance transparency in lending practices to prevent the masking of bad loans

Dec 20, 2023

Cashfree Payments and Razorpay can operate as payment aggregators

RBI has granted the final authorisation to Cashfree Payments to operate as a payment aggregator

Dec 19, 2023

EbixCash Operations Insulated from the US-Only Chapter 11 Filing

All worldwide operations of the Company will continue to operate in the ordinary course and without any interruption

Dec 19, 2023

Credo Brands Marketing raises Rs1.65 Bn from Anchor Investors

Foreign and Domestic Institutions participated

Dec 19, 2023

IRB Infra Trust: Preferred Bidder for NHAI’s TOT-13 Concession

This project will add Rs1,800 Crs (without GST) to order book of IRB

Dec 18, 2023

Rs10 Bn Invested In Space Startups In 9 Months

We have almost 190 private Startups after opening up of the Space sector and the earlier ones have now turned entrepreneurs: Dr Jitendra Singh

Dec 18, 2023

Relief Measures undertaken by ICICI Lombard in Chennai

ICICI Lombard Mobilizes Task Force for Chennai's Flood Relief Efforts

Dec 16, 2023

Credo Brands Marketing’s IPO Opens On Dec 19

The Mumbai-based company sets price band at Rs.266 to Rs.280 per Equity Share; The Floor Price is 133 times the face value of the Equity Share and the Cap Price is 140 times the face value of the Equity Share

Dec 15, 2023

Infibeam Avenues Picks Up 49% Stake in Pirimid Fintech

The Listed Fintech Makes Strategic Foray into Capital Market Tech Space

Dec 14, 2023

IDFC FIRST Bank, LIC Cards-Mastercard launch co-branded credit card

Available in two variants — LIC Classic and LIC Select, the credit cards will provide more than 27 crores policyholders

Dec 14, 2023

Bajaj Allianz Life’s AUM Crosses Rs1 Tn

Achieved impressive growth in new business premium and market share

Dec 13, 2023

Computerization of 1,851 ARDBs Approved At Outlay Of Rs1.19 Bn

NABARD is the implementing agency for the project and will develop a common national level software for Agricultural and Rural Development Banks

Dec 13, 2023

Hemen Bhatia Is Now CEO of Angel One’s AMC Biz

Hemen has played a pivotal role in the evolution of the ETF market in India and has facilitated the growth of passive fund management industry

Dec 13, 2023

Veeam Broadens Data Protection & Ransomware Recovery Capabilities for Microsoft 365

Veeam adds Backup-as-a-Service capabilities for Veeam Backup for Microsoft 365, which protects close to 18 million Microsoft 365 users around the world

Dec 13, 2023

Capri Global Capital Receives Corporate Agency License From IRDAI

CGCL aims to leverage its robust branch network^ in the North and West India to cross-sell insurance products

Dec 12, 2023

Focus On Supply Side Actions To Regain Consumer Share Of Wallet: Singhi

CII Held National FMCG Summit 'Re-igniting Growth' in Mumbai on Monday

Dec 11, 2023

ACKO Supports Chennai Amidst Floods

ACKO has witnessed an increase in total monthly claims with 1,000 claims reported from Chennai and Andhra Pradesh last week alone

Dec 11, 2023

Draft Rules For Privacy & Security Of Personal Data Will Be Enlisted Soon

Bhupinder Singh Bhalla: We need about 27 lakh crores of investment in Renewable Energy capacities, much of it will have to come from within India

Dec 11, 2023

Nainital Bank Will Offer Baroda BNP Paribas AMC’s Products

The partnership will enable Baroda BNP Paribas AMC to serve NBL's customer base covering all 5 states across its 169 branches

Dec 09, 2023

U.S. Consulate General Mumbai Sets New Record For Visitor Visas

So far in 2023, the U.S. Mission to India has processed over 1.2 million non-immigrant visas, of which U.S. Consulate General Mumbai processed more than 400,000– an all-time record

Dec 09, 2023

RBI policy: Creating Right Expectations

Even if the RBI resort to OMO sales, we see the probability of it only in February 2024

Dec 09, 2023

RBI cancels license of A Coop Bank

The bank does not have adequate capital and earning prospects

Dec 08, 2023

AI For Enhanced Customer Centricity & Ease Of Business

Marketing Evolution: CII Deloitte Report Unveils Six Key Themes for Future-ready Organisations

Dec 07, 2023

Paytm To Target Higher Ticket Loans

Paytm expands credit distribution biz for consumers and merchants in partnership with banks and NBFCs

Dec 07, 2023

IT & Financial Services: The largest contributor to the S&P 500’s rise

Global Market Snapshot Nov 2023 by Motilal Oswal Asset Management Company

Dec 06, 2023

DSP Nifty Smallcap250 Quality 50 Index Fund launched

SIP-recommended smart beta Smallcap Fund offers investors access to 'Quality' small cap companies with better fundamentals

Dec 05, 2023

RBI Penalizes 4 Coop Banks

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Dec 05, 2023

Corporate bond market to more than double by FY 2030

Capex push, attractiveness of infrastructure sector, financialisation of savings key drivers

Dec 04, 2023

National Deep Tech Startup Policy will enhance ecosystem: Sood

Principal Scientific Advisor Lays Down Six Key Areas for Industry 4.0 & Technology Development for India Manufacturing; PSA Invites Industry to Partner with Government in Quantum Mission and National Research Foundation

Dec 04, 2023

Positive surprise led by manufacturing and investment

Nominal GDP growth at 8.7% in H1 FY24, however, was much lower than an average growth of 13.4% for this period in the previous 17 years, reflecting the impact of negative wholesale inflation this year

Dec 02, 2023

Positive surprise led by manufacturing and investment

Nominal GDP growth at 8.7% in H1 FY24, however, was much lower than an average growth of 13.4% for this period in the previous 17 years, reflecting the impact of negative wholesale inflation this year

Dec 02, 2023

Positive surprise led by manufacturing and investment

Nominal GDP growth at 8.7% in H1 FY24, however, was much lower than an average growth of 13.4% for this period in the previous 17 years, reflecting the impact of negative wholesale inflation this year

Dec 02, 2023

Clix Capital’s PAT Up By 200%

H1 FY24 Revenue at INR 458 crores; an increase of 40% YoY; Total AUM clocked INR 5016 crore, an increase of 26% YoY

Dec 01, 2023

Fractional Ownership Platform Hbits Acquires Property In Mumbai

The platform will create a retail investment opportunity worth 27.31 crore

Dec 01, 2023

Service aggregator Onedios raises Rs 6 Cr led by IPV

The funds will be utilised for technology, operations, marketing & sales

Nov 30, 2023

Sophos Anticipates AI-Based Attack Techniques and Prepares Detections

a global leader in innovating and delivering cybersecurity as a service, today released two reports about the use of AI in cybercrime

Nov 29, 2023

9 X Performance Rise for Amazon FSx for NetApp ONTAP

New FSx for ONTAP scale-out file systems help organizations migrate or extend high-performance data-intensive workloads to the cloud

Nov 29, 2023

Tata AIG Health Supercharge has 5X Coverage

Extra premium discount of 5% at the time of first inception as well as on renewals for younger families of age 40 years or below

Nov 28, 2023

Indel Money’s Q2 Net Profit up by 127%

The company is planning Tranche IV of Rs200 crore NCD in Q4 of the current financial year

Nov 27, 2023

Will See Tectonic Shifts In Cybersecurity: Sinha

Impact Of AI On Adaptability And Velocity Of Cyberattacks: DigiCert Unveils APAC Predictions for Digital Trust in 2024

Nov 27, 2023

Brokerage houses give uptick to LIC, share price soars

Cumulative traded volume on BSE and NSE has increased from 7,62,275 to 8,50,732 over the past 3 days

Nov 24, 2023

NSE Academy-AICPA- CIMA will offer joint certificate courses

100+ online certificate courses and programs of AICPA & CIMA will be offered to students and professionals to deliver vital skills in the finance and allied technology domain

Nov 24, 2023

RBI’s Directions To 2 Coop Banks For Extension of Period

RBI extends the Directive for a further period of 3 months to close of business

Nov 24, 2023

Investors now have early credit and liquidity for investment

IPO Commentary for the week of November 18 to November 24, 202

Nov 24, 2023

Dell Technologies & Hugging Face to Simplify GenAI with On-Premises IT

Hugging Face's Dell portal will include custom, dedicated containers and scripts to help users easily and securely deploy open-source models available on Hugging Face with Dell servers and data storage systems

Nov 22, 2023

Cashfree Payments’ KYC Link Empowers Businesses’ Digitalization

A seamless way for merchants to verify user identity eliminating the need for technical expertise thereby enhancing accuracy and reducing drop offs

Nov 21, 2023

Cybercriminals Disabled Or Wiped Out Logs in 82% of Attacks with Missing Telemetry

Interesting Cases Analyzed for Sophos Active Adversary Report

Nov 20, 2023

PNB’s 'Deepawali Dhamaka 2023

Customers can now avail home loans at a reduced rate of 8.40%

Nov 04, 2023

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