Info Track

Cyberattacks Escalated By 76% In Q1 2024

800,000 Cyberattacks Blocked Per Website On Average In Q1 2024

1 Days Ago

Tata AIA Makes Highest Ever Bonus Payout Of Rs14.65 Bn

24% increase in bonus amount paid out in FY24 versus FY23

1 Days Ago

Tier 1 Cities, Age Group 31-45 Show Savings Rates At 72%

Decoding Desi savings: Moneyview Index Unveils Saving and Investment Habits of Modern India

1 Days Ago

Comviva's CNPaaS Enables Advanced Monetization With Network APIs

the global leader in customer experience and data monetization solutions unveils pioneering CNPaaS solution that shall enable advanced 5G network capabilities such as on-demand quality of service

2 Days Ago

Investments In Key Infra Sectors Pegged At Rs15 Tn By Fiscal 2026

Investments in renewables, roads, realty to rise 38% over two fiscals

2 Days Ago

US$ Is Likely To Weaken In Fortnight

As per CME FedWatchTool, there is 61% probability of 25bps rate cut in Sep’24

3 Days Ago

SHGs To Showcase Products At Dilli Haat For 2 Months

This initiative has been taken to create a positive vibe and to make the public at large aware about the contribution of Self-Help Group (SHGs) to our society.

Jun 16, 2024

RBI Imposes Penalty Of Rs96.40 Lakh On Sonali Bank

The action is based on deficiencies in statutory and regulatory compliance

Jun 15, 2024

Creation Of Olympic Esports Games Proposed To IOC Session

International Olympic Committee is taking a major step forward and is keeping up with the pace of the digital revolution.

Jun 14, 2024

MP CM Dr. Yadav Launches Intra State Air Service

“PM Shri Paryatan Vayu Seva” Boosts Connectivity to the captivating destinations of Madhya Pradesh

Jun 13, 2024

Zerodha Equity Investors Booked Profit Of Rs500 Bn Over Last 4+ Years: Kamath

It is unreal how much our markets have expanded post Covid. @zerodhaonline customers now hold Rs4,50,000 crores worth of assets in their Demat accounts: Nithin

Jun 13, 2024

Muthoot Microfin’s $25 Mn Greenshoe Option Oversubscribed

Muthoot Microfin Announces Closure of USD 113 Million ECB

Jun 12, 2024

Motilal Oswal Nifty India Defence Index Fund Launched

The Fund is an open-ended fund replicating/tracking the total returns of the Nifty India Defence Index

Jun 12, 2024

FIDC Seeks Review Of DCCO From RBI On Many Points

FIDC has requested that no limit be placed on maximum cost overrun which can be funded and it should be left on commercial decision-making.

Jun 11, 2024

LTTS- IIT Hyderabad To Drive Advancements In ADAS & C2VX Communication

The strategic partnership will focus on the integration of AI-driven algorithms and sensor technologies to enhance real-time hazard recognition and response capabilities,

Jun 11, 2024

Aditya Birla Sun Life Quant Fund Launched

The Fund is Powered By Tech, Guided By Wisdom

Jun 10, 2024

Consumption Expenditure: Rural Rs3773; Urban Rs6459

Among the states, MPCE is the highest in Sikkim (Rural – Rs. 7,787 and Urban – Rs12,125) and it is the lowest in Chhattisgarh (Rural – Rs. 2,575, Urban – Rs. 4,557)

Jun 09, 2024

Viewpoints Of Experts From MFs, AMCs, Financial Services On RBI Policy

The system liquidity is expected to ease as the government resumes spending

Jun 07, 2024

Adani Capital, Adani HFC Rebranded As Tyger Capital, Tyger HFC

New brands reflect the companies’ speed, reliability, and partnership-driven approach

Jun 07, 2024

Sales Tax Officer Arrested In Bribe Case

CBI registered a case on allegations that accused demanded bribe of Rs1 lakh from complainant practicing tax consultant as reward for having resolved the issue of Input Tax Credit (ITC) of his client Gupta Agency

Jun 07, 2024

HDFC MF Launches Campaign To Combat Climate Change

This year's initiative, titled Generation Restoration, is a long-term effort dedicated to fighting climate change and its devastating impacts

Jun 06, 2024

NIPL-BCRP To Create UPI-Like System In Peru

This collaboration marks a significant milestone, making Peru the first country in South America to adopt the globally renowned Unified Payment Interface (UPI) technology

Jun 05, 2024

Tata Motors Finance Merged With Tata Capital

As consideration for the merger, TCL will issue its equity shares to the shareholders of TMFL resulting in TML effectively holding a 4.7% stake in the merged entity

Jun 04, 2024

Survey On Computer Software, ITES Exports Launched

The format of the ITES survey schedule has been updated for the current round

Jun 04, 2024

$1.76 Bn Pledged For AI-Driven Internet Access & Adoption Solutions

Partner2Connect and AI for Good Announce pledge drive at the AI for Good Global Summit

Jun 03, 2024

Muthoottu Mini Financiers' PBT Grew By 35%

The NBFC's revenue increased from INR 544 crore in FY23 to INR 672 crore in FY24, reflecting a strong growth of 23.4%.

Jun 03, 2024

Gross GST Revenue Collection Is Rs1.73 Tn

Gross GST Revenue Collection In May 2024 Records 10% Y-O-Y Growth

Jun 03, 2024

FIDE World Junior Chess Championship-2024 Starts At GIFT City

46 countries and around 230 chess players participating in the prestigious tournament

Jun 01, 2024

Installation Of SBS Machines Will Start From Current Q1

Agenda for 2024-25: RBI Will Modernize Currency Management Infrastructure; RBI Will Sustain the Self-Sufficiency In Banknote Production

Jun 01, 2024

Kronox Lab Sciences' IPO Opens On June 3

price band set at Rs129 to Rs136 per Equity Share

May 31, 2024

Need For Rs5 Coins Highest, Followed By Rs2 Coins

Survey on the Usage of Coins and Banknotes

May 31, 2024

Cricket Influences Financial Activities

44% of respondents intend to go the extra mile and travel internationally to attend matches

May 30, 2024

Business Restrictions Imposed On Edelweiss ARC, ECL Finance

RBI’s action is based on material supervisory concerns

May 29, 2024

Online Bond Platforms Form OBPP Association of India

This industry body will promote industry growth, represent stakeholders to regulators and exchanges, and enhance retail participation in debt securities markets

May 29, 2024

LIC's PAT At Rs406.76 Bn

Board recommends final dividend of Rs. 6/- Per Share, in addition to Rs. 4 interim dividend declared earlier

May 28, 2024

Garuda Construction & Engineering Refiles DRHP For IPO

Previously, the company had filed its DRHP in the month of February 2024.

May 28, 2024

SaralSCF Lends Rs9.40 Bn

Supply Chain Finance Platform 's Disbursement grew by 30% YoY

May 28, 2024

Govt Directs Blocking Of International Spoofed Calls Displaying Indian Numbers

Such international spoofed calls have been misused in recent cases of fake digital arrests, FedEx scams, drugs/narcotics in courier, impersonation as Govt and police officials, disconnections of mobile numbers by DoT/TRAI officials, etc.

May 26, 2024

Properties Of Rs58.93 Cr Belonging To IREO Group Attached

The total Proceeds of Crime identified in the case is Rs.1780 Crore.

May 26, 2024

AI News Anchors Can Speak In 50 Languages

DD Kisan to launch two AI anchors AI Krish and AI Bhoomi

May 25, 2024

RBI To Transfer Rs2.10 Tn As Surplus To GoI

Approval given at 608th Meeting of Central Board of the Reserve Bank of India held on Wednesday at Mumbai

May 22, 2024

2/3rd Consumers To Save, Invest More In '24-25

‘The Great Indian Wallet’ study by Home Credit India reveals surging confidence in financial well-being

May 22, 2024

Mahindra Finance To Improve Efficiency With Tech Innovation By Insurtechs

Mahindra Finance eyes expansion in Rural & Semi-Urban India for insurance products; receives corporate agency license from IRDAI

May 22, 2024

Kalpana Devnani Is Now Smartworks' CHRO

With over 13 years of distinguished HR leadership experience in industries including FMCG, cosmetics, QSR, and banking, Kalpana brings extensive knowledge to her new role

May 20, 2024

Women Centric Schemes Clearly Ensuring More Women Voting Participation

2024 Election: Absolute Number Voter Turnout So Far show Female Voters outstripping Men...

May 20, 2024

12 Unicorns, 125 Startups To Onboard ONDC

ONDC facilitates 7.22 mn transactions in April 2024, onboards over 5 lakh sellers

May 18, 2024

Gen AI’s Game-Changing Impact on InsurTech

From automating claims processing to predictive risk assessments, a deeper look at some of the Generative AI use-cases that will redefine InsurTech in the years ahead

May 17, 2024

Aurionpro Solutions' Revenue Grows By 35% To Rs8.87 Bn

The Board announces the issuance of Bonus Shares in the ratio of 1:1 & 100% increase in dividend payout

May 16, 2024

Co-operative Bank Fined Rs2.5 lakh

This action on the said coop bank is based on deficiencies in regulatory compliance

May 16, 2024

Mukka Proteins’ Net Profit Up By 141% At Rs29 Cr

EPS improved to stood at 3.10 in FY24 compared to 2.00 in FY23

May 15, 2024

GPT-4o To Reason Thru AV, Text In Real Time

GPT-4o (“o” for “omni”) is a step towards much more natural human-computer interaction. It can respond to audio inputs in as little as 232 milliseconds, with an average of 320 milliseconds, which is similar to human response time in a conversation;

May 14, 2024

Harsh Baweja Takes Charge As REC's Director (Finance)

Baweja's profound understanding of the intricate financial landscape within the energy sector has been instrumental in steering REC's growth trajectory and enhancing its financial performance over the years.

May 14, 2024

A Likely Surge In FPI Flow (Debt)

India is expected to garner total inflows close to US$ 30bn in FY25

May 14, 2024

Waaree Renewable Technologies Records Strong Growth

Orderbook of 2,365 MWp to be executed in next 18 months

May 13, 2024

R. Lakshmi Kanth Rao Appointed As RBI’s ED

Rao has experience of over three decades in the Reserve Bank having worked in the areas of Regulation of Banks and NBFCs, Supervision of Banks and Consumer Protection

May 11, 2024

MFI, HFC, DCCB Penalized

These actions on the 3 entities are based on deficiencies in regulatory compliance

May 11, 2024

BOB’s Net Profit Up 26% To Rs178 Bn

BOB has witnessed improvement in its Asset quality with reduction in GNPA by 87 bps YoY to 2.92% from 3.79% in Q4FY23

May 10, 2024

MFs’ Exposure To NBFCs Rises Faster Compared To That Of Bank Advances

The proportion of NBFC exposure in relation to aggregate credit has reduced from 9.7% in March 2023 to 9.4% in March 2024: CareEdge Ratings

May 10, 2024

Capital SFB’s PAT Increases To Rs1.12 Bn, 5 Yr CAGR 42%

Leading asset quality with GNPA and NNPA of 2.8% and 1.4% respectively

May 09, 2024

NPCI Adds Key Leadership In Information Security Division

NPCI has onboarded Benjamin Ambrose as Chief Information Security Officer, and Pravin Kumar as Chief Market Information Security Officer

May 09, 2024

Max Financial Services’ Revenue Up 48% To Rs466 Bn

Max Life New Sales Grew At 16% Against 8% Private Industry Growth

May 08, 2024

ICSE Marksheets Integrated On Digilocker

CISCE empowers students with convenient access: Declaration of 2024 real-time examination results and availability of marksheets and certificates through DigiLocker

May 07, 2024

Nominations Announced For African Banker Awards 2024

The 2024 edition of the Awards spotlights infrastructure, sustainability, and gender equality.

May 07, 2024

Sanstar Gets SEBI Nod To Float IPO

The IPO comprises Fresh Issue of up to 40 million shares and an Offer for Sale of up to 8 million shares by the selling shareholders.

May 07, 2024

REC Gets RBI Nod To Set Up Subsidiary in GIFT City

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

May 05, 2024

ED Conducted Search In Case Of Ponzi Scheme, Illegal Forex Trading Platforms

ED initiated investigation on the basis of FIR registered by Bharti Vidhyapeeth Station, Pune against the accused persons for duping/cheating common people in the name of ponzi/ multi marketing schemes and forex trading platforms promising exorbitant returns and collected more than Rs100 Cr

May 04, 2024

Bitcoins Worth Rs130.48 Cr Seized During ED’s Search Operation

ED initiated investigation on the basis of MLA request received from the US authorities invoking a unique provision of section 2(ra) of PMLA, 2002 implying offence of cross border implications

May 04, 2024

Amendments Made In MD To Reflect Applicability Of The Provisions To SPDs

Directions on reporting of OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. have been updated

May 03, 2024

CME Fed Watch Tool Indicates 50:50 Chance Of A September Cut

RBI cannot move ahead to the Fed as interest differential between US and India is at an all time low

May 03, 2024

UGRO Capital Raises Rs13 Bn From Institutional Investors & Marquee Family Offices

UGRO raised this capital through an innovative combination of Compulsorily Convertible Debentures with Warrants, ensuring that the capital required for both the current year's growth and next year's growth is effectively locked in today.

May 02, 2024

LTTS & FORVIA Partner For Engineering Development Of €45 Mn

Strategic Partnership Is On Ultra-Low Emissions Engineering In Germany And India

May 02, 2024

Fresh From Farm Gets $2 Mn

The funds will be utilized for talent expansion, tech enhancement, and new product lines.

May 02, 2024

SEBI Takes Steps To Curb Front-Running By MFs

AMCs to have an institutional mechanism for deterrence of potential market abuse including front-running; Association of Mutual Funds in India, in consultation with SEBI, shall specify detailed standards for such an institutional mechanism

Apr 30, 2024

YES BANK & ANQ Launch Co-Branded Credit Cards

Pi and Phi: Bridging Traditional Banking with Fintech Innovation

Apr 30, 2024

PNB HFC's PAT Up 44% Y/y At Rs15 Bn

Corporate GNPA is 3.31% as on 31st Mar 2024 as compared to 22.25% as on 31st Mar 2023 and 3.35% as on 31st Dec 2023.

Apr 29, 2024

ICRA Group Gets SEBI Registration For Its ESG Ratings Entity

This development positions the ICRA Group among the few Indian entities offering holistic risk-monitoring solutions, including ESG ratings and scores.

Apr 29, 2024

SBI Life’s Private Market leadership In NBP Grows 29% To Rs382 Bn

The company’s solvency ratio continues to remain robust at 1.96 as on March 31, 2024 as against the regulatory requirement of 1.50.

Apr 28, 2024

IDFC FIRST Bank’s PAT Up By 21% Y/y to Rs29.57 Bn

Provisions increased 43% YOY from Rs1,665 crore in FY23 to Rs2,382 crore in FY24

Apr 28, 2024

World Economic Forum Convenes Special Meeting on Global Collaboration, Growth and Energy for Development

1,000 government, business and civil society leaders to gather in Riyadh, Saudi Arabia

Apr 27, 2024

HCLTech Will Capitalize AI-Led Propositions, Global Delivery Model, Products Mix

HCLTech reports FY24 revenue of $13.3 billion, up 5.4% YoY; Industry vertical growth was led by Financial Services and Telecommunications, Media, Publishing & Entertainment

Apr 27, 2024

Paisalo Digital's Consolidated PAT Up By 91% To Rs1,790 Mn

Highest ever increase in Customer franchise to 4.29 million in FY24

Apr 26, 2024

Edelweiss MF Launches ‘Nifty Alpha Low Volatility 30 Index Fund’

The New Fund Offer (NFO) is open for subscription from 26th April 2024 to 10th May 2024

Apr 26, 2024

Banks May Fix Limits For Aggregate Exposure To All NBFCs

Banks’ exposure to NBFCs shall be subject to capital charge as per the Risk Weight prescribed

Apr 26, 2024

NSE Academy-Oxford University Press Will Provide Joint Certificate Courses

NAL and OUP will co-certify candidates who successfully complete these short duration self-paced courses

Apr 25, 2024

DCB Bank’s PAT Up By 15% To Rs5.36 Bn Y/y

The Provision Coverage Ratio (PCR) as on March 31, 2024, was at 77.30% and PCR without considering Gold Loans NPAs was at 78.18%

Apr 25, 2024

10 States Contributed To 72% Of Originations For 5 Consumer Lending Products

While Private Banks gain a share in volume, NBFCs gain a share in value from Q3 FY23 to Q3 FY24. Furthermore, the proportion of very low and low-risk borrowers increased from 46.5% in Q3 FY23 to 50.6% in Q3 FY24.

Apr 23, 2024

Perfect ID Gears Up To Meet Surge In Fastags Demand

Approximately 1.8 crore FASTags will need to be replaced swiftly to avoid delays and inconvenience at toll booths.

Apr 23, 2024

Net Profit Of Jio Platforms Crosses Rs 200 Bn Mark

Revenue for JIO PLATFORMS LIMITED (“JPL”) increased by 11.7% Y-o-Y, led by robust subscriber growth of 42.4 million across mobility and homes and benefit of mix improvement in ARPU

Apr 22, 2024

Ex Banker Fined Rs15 Cr With 7 Years’ Jail

The Special Judge for CBI cases, Gandhinagar has sentenced accused Smt. Preeti Vijay Sahjwani, then Sr. Manager, Indian Overseas Bank (IOB) Vastrapur Branch, Ahmedabad to 07 years’ Imprisonment with fine of Rs. 15,06,50,000/- in a case related to offences of Criminal breach of trust, Forgery for valuable security, using forged document as genuine and causing wrongful loss to the bank.

Apr 21, 2024

HDFC AMC’s PAT Grows To Rs19,458 Mn Y/y

HDFC AMC has 11.3% market share in QAAUM of the mutual fund industry

Apr 20, 2024

Wipro’s Net Profit Down 8% Y/Y; Srini: AI Is Transforming Out Clients’ Needs

IT major’s Net income increases 5.2% QoQ; FY 24 Large deal bookings at $4.6 billion, a YoY increase of 17.4%

Apr 19, 2024

Amit Arora Is Equirus' COO & MD

His appointment reflects the company's focus on innovation, client-centricity, and long-term value creation.

Apr 19, 2024

Dialog, Axiata Group, Bharti Airtel Agree To Merge Operations In Sri Lanka

Combined Strengths to deliver superior experience to customers and improve returns to shareholders

Apr 18, 2024

South Indian Bank Signs MOU with Ashok Leyland

With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding.

Apr 18, 2024

SIDBI & GAME Complete 1st Cohort of NGAP

17 NBFCs completed the First NBFC Growth Accelerator Programme cohort.

Apr 17, 2024

Indian-Made iPhones Gain Momentum In USA

Apple's Manufacturing Shift Spurs Surge in India's Smartphone Exports

Apr 17, 2024

NPST Appoints Veteran Banker Ram Rastogi As Independent Director

NPST Strengthens Board

Apr 16, 2024

Submission Of Statutory Returns Now On CIMS Portal

Banks shall, accordingly, submit the fortnightly Form A Return from the Reporting Friday June 14, 2024, monthly Form VIII Return from May 2024 and the annual Form IX (on unclaimed deposits) Return from December 31, 2024 respectively on the CIMS Portal only

Apr 15, 2024

RBI Issues Fresh Directions For Sarvodaya Co-operative Bank

The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI

Apr 15, 2024

ECI: Rs1 Bn Daily Seizure Since 1st March

Rs. 4650 crores seized even before polling begins: Higher than total seizures in 2019 polls; ECI cracks down on money power

Apr 15, 2024

TCS: AI.Cloud, Enterprise Solutions, IOT&DE and Cyber Security Led Q4 Growth

Record Deal Wins and Robust Margins Mark Strong Finish to TCS’ FY24

Apr 13, 2024

o9 Wins 2024 Google Cloud Partner Of The Year Award

The award recognizes o9 for its outstanding innovation, partnership, and dedication to client success in the supply chain management space through Google Cloud.

Apr 10, 2024

­­­­­­­­­­­­­­­­­­­ India's Economic Resilence

Mazars Macro-Tracker Series Reveals 8.4% GDP Surge, US$623.2 Billion Foreign Reserves Peak,

Apr 10, 2024

DBS Bank Leads $100 Mn Syndicated ECB Loan For HDFC Credila

DBS Bank is the sole mandated lead arranger and book-runner for the loan through its IFSC banking unit in GIFT City

Apr 10, 2024

From Prize-Linked Savings to Digital Gold

India’s Trending Investment Themes In 2024

Apr 08, 2024

Outlook For Fixed Income For FY25 Remains Favorable

Monetary Policy Review by HDFC AMC: For investors with a relatively longer investment horizon, it is a good time to increase allocation to longer duration funds in line with individual risk appetite

Apr 08, 2024

One Of “Experimental Licence Module For 100 5G Labs" Launched

Online module available on National Single Window System, simplifying application process by pre-filling technical specifications and schematic details

Apr 06, 2024

Rate Cut Cycle Will Be Shallow At 50-75 BPS

Liquidity to remain in the neutral zone

Apr 06, 2024

RBI Is Possibly Guiding The Market With A Prolonged Rate-Cut Cycle

he C/D ratio of banks has moved past 80 now, as banks continue to meet the robust credit demand from new as also sunrise sectors (climate transition/ start-ups) though pressure on mobilizing liabilities from non-deposits sources remain

Apr 05, 2024

Enhancing Efficiency Of Banks In Handling Currency

The Central Bank’s decision to enable cash deposits in Cash Deposit Machines (CDMs) using the Unified Payments Interface (UPI) signals a positive step for India's financial future

Apr 05, 2024

5 Coop Banks Penalized, Total Fine Rs95 Lakh

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

Apr 04, 2024

RBI Issues Master Circular On Housing Finance For UCBs

Finance provided by the UCBs to the eligible categories of borrowers shall be subject to the prescribed terms and conditions by the RBI

Apr 03, 2024

Monica Jasuja Is Twid's Chief Growth & Partnership Officer

Jasuja will spearhead the company's issuer growth strategy and drive exponential expansion through partnerships that increase market reach, user base, and revenue streams.

Apr 03, 2024

SIDBI: 34 Years Of Fostering Entrepreneurship

Sudatta Mandal, DMD, points out SIDBI's achievement of surpassing a balance sheet milestone of Rs5.2 lakh crore.

Apr 02, 2024

RBI Issues Prudential Norms On Capital Adequacy For UCBs

Tier 1 and Tier 2 to Tier 4 UCBs shall maintain minimum Capital to Risk Weighted Assets Ratio (CRAR) as per prescribed norms

Apr 02, 2024

RBI’s Prospective Rate Cut In Q2FY25 Will Further Support Ongoing Momentum

Stock market movements

Apr 02, 2024

INR Expected To Trade In A Range Of 82.50-83.50/$ In FY25

Currency update: A Stronger Dollar Did Weigh On Most EM Currencies

Apr 01, 2024

Ex Asst Labour Commissioner Sentenced To RI

Designated Court Sentences Then Assistant Labour Commissioner, Hyderabad To 2 Years’ Rigorous Imprisonment With Fine Of Rs 1 Lakh In A Case Related To Disproportionate Assets

Mar 30, 2024

2 Bankers Sentenced To Rigorous Imprisonment In Bank Fraud Cases Of Rs24 Cr

Designated court sentences seven accused including then assistant manager of UCO Bank and then officer of Allahabad Bank to 03-07 years’ rigorous imprisonment with combined fine of Rs8.5 lakh in two separate bank fraud cases

Mar 29, 2024

Zerodha Fund House AuM Crosses Rs10 Bn Milestone, Rs5 Bn Added In 40 Days

Tweet from Vasanth Kamath, Founder and CEO, smallcase

Mar 28, 2024

Gross Market Borrowing Of Rs7.50 Tn Planned In H1

Government’s Borrowing plan shall be completed through 26 weekly auctions

Mar 28, 2024

Crizac Files DRHP For Rs10 Bn IPO

Crizac processed more than 3.82 lakh student applications and collaborated with over 140 global universities.

Mar 27, 2024

India Accumulated 235 Bps In Real Growth During Post-Pandemic

A glimpse into rising competitive federalism that benefits the bottom line with incremental per capita income, vanquishing inequality

Mar 27, 2024

5 Coop Banks Penalized

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

Mar 26, 2024

Cashfree Payments Launches RiskShield

India’s real-time risk management solution empowers merchants curb cyber payment frauds in real-time

Mar 22, 2024

International Gold Prices Touched New Highs In Response To Dovish Hold

Impact on gold prices: Fundamental backdrop of lower interest rates and geopolitical uncertainty looks supportive for gold

Mar 21, 2024

12% Growth Likely For Non-Food Industry Credit

Health of Indian banking sector continues to improve with better asset quality, high credit growth: FICCI-IBA Bankers’ Survey

Mar 21, 2024

All Agency Banks To Remain Open For Public On March 31, 2024

Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday).

Mar 20, 2024

Trust Fintech IPO Opens On March 26

IPO comprises a fresh issue of 62,82,000 equity shares with a face value of Rs10 each through the book-building route

Mar 20, 2024

Retail Pools Display Stable Performance Across Various Asset Classes

Collection efficiencies and delinquencies remain healthy throughout H2 FY2024

Mar 20, 2024

2 Banks Heavily Penalized

The action is based on deficiencies in regulatory compliance

Mar 19, 2024

Arvind Kapil Is New MD & CEO Of Poonawalla Fincorp

Poonawalla Fincorp prepares itself for the next level of growth

Mar 19, 2024

Janasha Finance Gets $2.5 Mn in Debt

Accelerating Financial Access, LoanKuber Secures $2.5 Mn in Debt Funding led by Au Small Finance Bank & Others

Mar 18, 2024

5000 Volunteers Participated In SBI Green Marathon

"SBI Green Marathon" is Run for a greener planet

Mar 18, 2024

ED Conducts Search Operations Under PMLA In Nashik, Thane

The case is against KBC Multitrade Pvt Ltd and their Promoters / Directors

Mar 16, 2024

Minimum Rs41.50 Bn To Be Invested For Manufacturing E-Vehicles

Companies that set up manufacturing facilities for e-vehicles will be allowed limited imports of cars at lower customs duty

Mar 16, 2024

DroneAcharya Receives DGCA Authorization

DroneAcharya Aerial Innovations Becomes Medium Class Drone Pilot Training Organization

Mar 15, 2024

2 Banks, 1 NBFC Penalized

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

Mar 14, 2024

SIDBI’s EWEE Initiative for Rural Women

E-WEE will support inspirational and aspirational SEWA sisters initially in the two states i.e. Rajasthan and Gujarat

Mar 14, 2024

GoI, ADB Sign $181 Mn Loan To Improve Mobility In Ahmedabad

The project will benefit urban poor, women, and migrant workers through improved urban services and urban governance

Mar 14, 2024

AI To Be A Game Changer In Supporting Auditing Techniques: Pandey

NFRA Plans to set-up Innovation Lab or Sandbox for audit innovations

Mar 13, 2024

Regtech Companies Can Be Game-Changer: Ankit

Digital frauds which erodes trust, damage economies, and fuel further fraudulent activity

Mar 13, 2024

P.E. Mathai of Muthoottu Mini Financiers Wins ‘Best CEO’ Award

Under his guidance, the company has achieved significant milestones, including 103% QoQ profit growth in Q1 of this financial year

Mar 12, 2024

Hero FinCorp’s New Look For A Rising Bharat

Hero FinCorp brand identity refresh

Mar 12, 2024

Embedded Finance Will Grow At 50% In Next 3 Years

Rise of Embedded Finance: Transforming Everyday Experiences with Seamless Financial Services

Mar 11, 2024

Assets Of Rs50.20 Cr Of A Sakhar Karkhana Attached

The case is related to illegal sale of sugar mills by Maharashtra State Co-operative Bank

Mar 09, 2024

CBI Registers Case Against 4 Visa Consultancy Firms For Human Trafficking

The trafficked Indian Nationals were trained in combat roles and deployed at front bases in Russia - Ukraine War Zone against their wishes, thus, putting their lives in grave danger; Searches underway at more than 10 locations in 07 cities

Mar 08, 2024

U Gro Capital Launches Loans For Women Entrepreneurs

Simplifying the loan process, offering a 50% discount on processing fees for loans disbursed until March 31, 2024

Mar 08, 2024

Women Have An Average Of 12 Life Goals, Up From 5 In 2019

Bajaj Allianz Life Insurance's Life Goals Preparedness Survey 2023: Work-Life Balance, Fitness, Property Ownership & Financial Security amongst Top Life Goals for Women

Mar 08, 2024

CBI Conducts Searches At 67 Locations: Case Of Rs820 Cr Related To UCO Bank

CBI conducts searches in seven cities in an on-going investigation of a case in connection with suspicious IMPS transactions

Mar 07, 2024

Dvara KGFS Uses LMS Platform, To Track Employees' Training, Proficiency

The specific tools and technologies deployed may vary based on the type of assessment and the skills being evaluated

Mar 07, 2024

Bank of Maharashtra Launches Women Cancer Coverage Program

Mahashakti is powered by ManipalCigna Health Insurance

Mar 07, 2024

Infibeam Avenues Gets Final Authorisation For PA Licence

Monumental boost for our payment business.

Mar 05, 2024

Go Digit General Insurance Gets Sebi Nod For IPO

The public issue is offered at a face value of Rs 10 each is a mix of fresh issue of equity shares worth up to Rs 1250 crore

Mar 05, 2024

Saab (Sweden) To Establish Reliance MET City’s Mfg Plant Of Carl-Gustaf Weapon System

This will be India's first 100% FDI in Defence Manufacturing Sector

Mar 04, 2024

SEA Wants Export Ban On De-Oiled Rice Bran Lifted

Solvent Extractors' Association of India has requested ministers Piyush Goyal and Parshottam Rupala not to extend export ban on De-oiled Rice Bran beyond 31st March, 2024

Mar 04, 2024

Liquidity Conditions Are Still Tight

US 10Y inched up considerably

Mar 04, 2024

NUCFDC Is Security Shield For Small Banks: Shah; Development Of UCBs Will Increase Manifold

Union Minister of Cooperation Amit Shah Inaugurates NUCFDC: Establish UCBs In Every City; NUCFDC will be a support during the crisis of banks and also a means to enhance their modernization and capacity

Mar 02, 2024

NaBFID targets sanctions of Rs3 Tn by March 2026

FM Sitharaman asked NaBFID to introduce a Structured Partial Credit Enhancement facility, create a Data Repository for the infrastructure sector and develop a sector specialisation

Mar 02, 2024

IAMAI Urges Google to Reinstate Delisted Apps

IAMAI has strongly condemned the removal of some of the most prominent consumer digital companies' apps from the Play Store, including those of Bharatmatrimony, Info Edge, Shaadi.com, and TrulyMadly

Mar 02, 2024

IAMAI Advises Google Not To Delist Certain Apps

IAMAI is able to confirm that at least four of its members have received notices from Google.

Mar 01, 2024

ICICI Lombard Appoints Anand Singhi As Chief, Retail & Govt Biz

Singhi's appointment connotes a significant step towards fostering innovation and driving growth for ICICI Lombard

Mar 01, 2024

Consumption Story To Play Second Fiddle To Investment-Led Growth

The annualized numbers show a Amritkaal phase for India especially with investments' underpinning the growth trajectory

Mar 01, 2024

Fello 2.0 Launched With MF, Enhanced Rewards & Returns

Driven by exceptional returns and rewards, Fello has successfully onboarded over 1M users and further projects to onboard over 2 M users by June 2024

Mar 01, 2024

Happiest Minds Partners With Secureworks To Deliver Next-Gen XDR Services

Organizations of all sizes across industries are tackling a litany of cybersecurity challenges as they seek to responsibly manage their cyber risk

Feb 29, 2024

Reliance Consumer Products Partners With Sri Lankan Beverage Brand Elephant House

This association will not only help RCPL bolster its growing beverage portfolio that boasts iconic brands such as Campa, Sosyo and Raskik but will also bring exceptional new products and value propositions to Indian consumers.

Feb 28, 2024

R K SWAMY’s IPO TO OPEN ON MARCH 4

Price Band fixed at Rs 270 to Rs 288 per Equity Share of face value of Rs 5 each

Feb 28, 2024

Consumer Confidence Has Strengthened Further In India

The estimates are corroborated with the in-house developed SBI-ANN (Artificial Neural Network) model, with 30 high frequency indicators

Feb 28, 2024

IFSCA one of the funnels to bring about Viksit Bharat: Ramakrishnan

One thing that is not lost in this whole thing of attracting capital or debt is investor protection or the fact that investors are not short-changed

Feb 28, 2024

Equity Funds Witnessed A 28% Surge In Inflows: Mfs' AUM Reached Rs52.74 Tn

In Jan 2024, FII posted the highest outflows since Feb '23 at USD 3.1 billion. This was offset by USD 3.4 billion of DII investment

Feb 27, 2024

Collins Aerospace Recognizes L&T Technology Services As Top Supplier Of The Year

LTTS sole recipient of this award for delivering high end engineering solutions

Feb 27, 2024

C-DOT Wins For Innovation on Telecom, AI and Social Good

C-DOT bags 3 awards for its indigenously designed & developed innovative Telecom solutions at 14th Annual Aegis Graham Bell Awards

Feb 27, 2024

3 Banks And An NBFC Penalized: Total Penalty Crosses Rs3 Cr

One bank has been penalized for non-compliance with certain directions issued by RBI on ‘Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures’, ‘Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)’ and ‘Resolution Framework - 2.0: Resolution of Covid-19 Related Stress of Individuals and Small Businesses’

Feb 27, 2024

Ex Employee Of A Bank Sentenced To Rigorous Imprisonment

CBI also fined former Chief Manager of the bank Rs4,37,500

Feb 26, 2024

BoB’s Car Loan Interest Rate Reduced To 8.75%

The new rate beginning at 8.75% p.a. is applicable on the purchase of a new car

Feb 26, 2024

PM Launches 18,000 PACS' Computerization: PACS To Be Linked With Software by August: Shah

The accounts of 20 different activities of PACS will be integrated into single software: Amit Shah; PACSs have been strengthened by computerizing them with an outlay of Rs25 Bn; PM inaugurated pilot project of ‘World's Largest Grain Storage Scheme in Cooperative Sector’ in 11 Primary Agricultural Credit Societies (PACSs) in 11 states

Feb 24, 2024

CBI Arrests Senior Railway Railway In Bribe Case

CBI has arrested Chief Office Supdt., DRM Office, Western Railway, Mumbai for demanding and accepting bribe of Rs50,000/- from a complainant (representative of a private company) for processing three bill

Feb 24, 2024

Mumbai-Thane-Surat-Ahemadabad To Become Single Economic Zone Due To High Speed Rail: Vaishnaw

High Speed Rail corridor targeted to begin functioning between Surat and Bilimora by 2026: Minister for Railways visits Bullet train construction sites at Vikhroli and BKC in Mumbai

Feb 23, 2024

RBI Amends Master Direction on Prepaid Payment Instruments

Authorised Banks, Others Permited To Issue POIs For Payments Across Transport Systems

Feb 23, 2024

India Inc’S Profit Growth Has Been Robust, Sales Growth Lags Behind

India Inc.'s financial performance in Q3-FY24 mirrored the trend seen in the last few quarters

Feb 22, 2024

ED Files PC Against Ex Judge In Bribery Case

ED initiated investigation on the basis of FIR registered by Anti-Corruption Bureau, Panchkula (Haryana) under various sections of Indian Penal Code, 1860 and Prevention of Corruption Act, 1988 against the accused

Feb 22, 2024

UHNIs Participated In Equirus InnovateX Fund’s First Close

The fund will invest in at least two companies within the next month. EIF is poised to accelerate its mission of fostering innovation in the tech start-up ecosystem

Feb 22, 2024

3rd Party A/C Takeover: A Bigger Slice Of Fraud Pie

BioCatch releases comprehensive analysis of digital banking fraud trends in India

Feb 21, 2024

Orient Technologies Files DRHP For IPO

The IPO has a face value of Rs 10 and consists of a fresh issue of Rs 120 crore and an offer for sale of up to 4.6 million equity shares by the Promoter Selling Shareholders.

Feb 21, 2024

HDFC Life International Offers Overseas Indian students US $ health plan

'Global Student Health Care' plan is designed for students who are presently pursuing higher education abroad or aspire to pursue higher international education

Feb 20, 2024

We Will Ensure AI Makes Big Impact On Healthcare & Agriculture: Rajeev

Use cases are not about having bragging rights to compete with ChatGPT. We will go ahead and support education and there will be a focus in multiple languages of India, and multiple datasets: MoS Chandrasekhar

Feb 20, 2024

Meenal Maheshwari Shah Is Angel One’s Group General Counsel

Meenal brings 14+ years of established leadership in the legal field

Feb 19, 2024

IBEX INDIA 2024 To Be Held From 21–23 Feb

A Confluence of Innovation, Networking, and Recognition for the BFSI Community, at Jio World Convention Centre, Mumbai

Feb 18, 2024

APEDA drives agri exports to USD 26.7 bn in FY 2022-23

APEDA's 38th Foundation Day marks agricultural export expansion milestone keywords Agricultural and Processed Food Products Export Development Authority (APEDA), export basket, Principal Commodities, Basmati Rice, and Fresh Vegetables.

Feb 17, 2024

Income Tax Dept refunded Rs21,740 Cr to LIC

The Corporation is pursuing for the balance with the Income Tax Department

Feb 17, 2024

New Plan ‘LIC’s Amritbaal’ Launched

Life Insurance Corporation of India’s new Plan 874 is specifically designed to have an adequate corpus to meet the higher education and other needs of the child

Feb 16, 2024

Fintech SROs Can Address Consumer Grievances: Ratan

The RBI governor held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks and applaud them for building resilient domestic financial system. However, banks should continue to maintain their vigil around build-up of risks.

Feb 15, 2024

Global Virtual A/cs Mkt Likely To Reach USD 65.0 Bn By 2030

The crackdown on business credit cards presents an opportunity for stakeholders to innovate with their existing payment methods

Feb 15, 2024

Baroda BNP Paribas Mutual Fund Launches Innovation Fund

Baroda BNP Paribas Innovation Fund aims to invest in disruptive and innovative enterprises An open-ended equity scheme investing in innovation theme

Feb 14, 2024

PM Gives 300 Units Of Free Electricity Per Month: Solar Investment At Rs750 Bn

From substantive subsidies, which will be given directly to people's bank accounts, to heavily concessional bank loans, the Central Government will ensure that there is no cost burden on the people

Feb 14, 2024

RIL Becomes The First Listed Indian Company To Cross Rs20 Trillion Market Cap

Mukesh Ambani led Reliance Industries has reached the 49th rank globally by market capitalization

Feb 13, 2024

Rajkot’s Gopal Snacks Gets Sebi Nod For Rs6.50 Bn IPO

The company sells an average of 8.01 million packets per day, which has a wide range of savouries products, ethnic snacks like namkeen and gathiya

Feb 13, 2024

Patel Engineering’s Net Profit Up By 260% To Rs70 Cr 

Its adaptability and resilience are evident in the increased turnover of Rs 3200 Cr in the nine - month period, marking a 19.17 percent growth

Feb 12, 2024

Paisalo Digital Becomes BoI’s National BC Partner

By joining forces with BOI, Paisalo Digital aims to leverage its respective strengths and resources synergistically, to tap into the vast market and address the unique financial requirements of India's unbanked population

Feb 12, 2024

 Mfg Biz Sentiments Remain Positive in Q3 & 4: FICCI Survey

FICCI's latest QSM assessed the sentiments of manufacturers for Q4 2023-24 for ten major sectors, with Responses drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs3.4 lakh crores

Feb 12, 2024

BALI’s Plankathon Sets Guinness Records: ISRO- Taapsee Pannu Led Fitness Initiative

Thousands pay tribute to the Indian Space Research Organisation (ISRO) by creating the Largest Online Video Album of holding the abdominal plank

Feb 11, 2024

CBT Recommends 8.25 % Interest Rate To EPF Subscribers For ’23-24

The Board has recommended a distribution of historic income amount of Rs1,07,000 crores to EPF members' accounts on a total principal amount of about Rs. 13 lakh crores

Feb 10, 2024

Pentonic Continues Its Growth Journey, Contribution Increases To 33.1%

Total Income in Q3 FY24 stood at Rs 12,467 lacs, a slight degrowth

Feb 10, 2024

No More A Shadow (Of A) Bank: NBFCs Should Mitigate Technology Related Risks

In view of the increasing reliance of NBFCs on delivering their services through digital medium and their partnerships with Fintechs, the sector's exposure towards technology related risks, including cybersecurity threats and operational disruptions, as well as their reliance on third party partnerships has increased significantly

Feb 10, 2024

4 Coop Banks Penalized

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

Feb 09, 2024

“A Rate Cut Is Possible Only In Q2 FY25”

The steady momentum is being witnessed in the investment cycle which will help the economy grow faster

Feb 09, 2024

Global Gold ETFs: 2024 Began With Continued Outflows

Global gold ETFs kicked off 2024 with the eighth monthly outflow (-US$2.8bn), led by North America (-US$2.3bn)

Feb 08, 2024

Decentro Receives Final Payment Aggregator License From RBI

India's leading fintech infrastructure platform becoming the youngest fintech company to receive the permit

Feb 07, 2024

Jana SFB Raises Rs166.95 Cr From 17 Anchor Investors

Price band of issue is Rs 393 - Rs 414 per share

Feb 07, 2024

Nifty Microcap 250 Rose By 9.9% In Jan 2024: MOAMC

Nifty 50 declined by -0.03%, Nifty Smallcap 250 rose by 7.28%, Nifty Midcap 150 rose by 4.73%, Nifty Next 50 rose by 3.66%

Feb 06, 2024

IRMA-NCDEX Launch CoE At Anand

Anand in Gujarat embarks upon a new journey: This time to spearhead the development of Commodity Derivatives ecosystem

Feb 06, 2024

New Unit Linked Plan LIC’s Index Plus Launched

Plan 873 is a Unit Linked, Regular Premium, Individual Life Insurance Plan which offers life insurance cover cum savings throughout the term of the policy

Feb 05, 2024

Slice Opens Up Its UPI First Account Product For Everyone

slice account simplifies the payment process by eliminating cross-selling and prioritising a user-friendly interface designed to save time

Feb 05, 2024

1,700 Fake ITC Cases of Rs180 Bn Detected Through Data Analytics

98 fraudsters/masterminds have been apprehended by the Directorate General of GST Intelligence (DGGI) by using data analytics aided by advanced technical tools

Feb 05, 2024

Residential Solar: Govt Aims To Increase Penetration Of Distributed Renewable Platform

There has been no mention of ESG reporting and assessment, development of a transparent green taxonomy and importantly, the green bond market in India

Feb 03, 2024

Leading HFC Penalized

This action on the housing finance company is based on deficiencies in regulatory compliance

Feb 03, 2024

Amrit Kal Will Indeed Mark A Golden Era For Our Youth

Union Budget demonstrates a clear commitment to stimulating economic growth through strategic investment in infrastructure

Feb 02, 2024

Expenditure In '24-25 Estimated At Rs47,65,768 Cr

Budget At A Glance: Total capital expenditure is estimated at Rs11,11,111 crore

Feb 01, 2024

ED Provisionally Attached Gold Worth Rs.2.16 Crore Of Jeweller

ED initiated investigation on the basis of a show Cause Notice issued by the Commissioner of Customs, Customs Preventive Commissionerate, Ernakulam

Feb 01, 2024

US Fed Kept Policy Rates Unchanged

Further improving global growth prospects, China's manufacturing activity contracted at a slightly slower pace in Jan'24

Feb 01, 2024

Indian Economy Likely To Witness A Moderation In Growth In FY25

Target A Large Quantum From Disinvestment Next FY

Jan 30, 2024

Give Tax Breaks To Fintechs

Collekto anticipates further capital infusion and strategic technological upgradation initiatives

Jan 29, 2024

Zuno Integrates Its Health Insurance Platform With ABHA

Zuno General Insurance's policy management system now facilitates onboarding on the National Health Coverage Exchange (NHCX)

Jan 29, 2024

Debt Market: Case for Bonds in 2024

Indian fixed income managed to deliver healthy returns across all sectors in 2023

Jan 29, 2024

Caret Capital To Enable Industries In Vidarbha To Adopt Emerging Technologies

Startups will receive up to INR 2 cr via the Caret Accelerator Program or up to INR 8 cr from the Caret Capital Fund, depending on their stage and scale

Jan 29, 2024

US$25 Mn Equirus InnovateX Fund Launched For Tech Start-ups

Key investment themes for EIF include Software as a Service (SaaS), Deep Tech, Fintech, and other emerging sectors, with a primary focus on business-to-business (B2B) theme

Jan 27, 2024

Nova Agritech IPO subscribed 109.36 times

Non-Institutional Investors Portion with 224.06 times, Retail Portion was subscribed 77.10 times, whereas Qualified Institutional Buyer Portion subscribed 79.31 times

Jan 26, 2024

Properties Attached In Case Of A Coop Bank

The attached properties consist of immovable properties, a Car & Gold Jewellery

Jan 26, 2024

DCB Bank’s PAT Grows By 11%

The Provision Coverage Ratio (PCR) as on December 31, 2023 was at 76.42% and PCR without considering gold loans NPAs was at 77.27%

Jan 25, 2024

Travel-Tech Bookingjini Raises Pre-Series A Round Led By IPV

Bookingjini secured contracts with 8 State Tourism Development Corporations and surpassed the significant milestone of crossing 1.2 million USD in Annual Recurring Revenue (ARR)

Jan 25, 2024

Credit Cards, Vehicle Loan Portfolios Record Statistically Significant Rise In Stress

Across product categories (barring housing loans), 80 % of the credit is contributed to by size buckets less than Rs10 to 25 lakh, thus reflecting the granular nature of retail credit even at the product level; Between 2017 and 2023, on average 60 % of the incremental credit is contributed by five banks. However, in recent years, the incremental growth contribution from the dominant banks has decreased; the policymakers may also consider using structural prudential tools, viz., debt-service rati

Jan 24, 2024

Route Mobile reports Q3 PAT at Rs113 Cr

Revenue from operations for the quarter ended December 31, 2023, stood at Rs. 1,024.3 cr.

Jan 23, 2024

SMFG Grihashakti Gets Rs3 Bn Long-Tenor Funds From NHB

Opens up another source of long term funding for SMFG Grihashakti, thereby helping diversification of sources of funds and support asset liability management caption Deepak Patkar

Jan 23, 2024

PM Targets Installing Rooftop Solar On 1 Cr Houses

PM chairs a meeting to launch "Pradhanmantri Suryodaya Yojana, which aims to reduce the electricity bill of the poor and middle class, along with making India self-reliant in the energy sector

Jan 23, 2024

Paytm Focuses on AI Led Operating Leverage

Paytm's Revenue up 38% YoY to Rs2,850 Cr; EBITDA before ESOP of Rs219 Cr, margin improved to 8%

Jan 22, 2024

Persistent Delivers Steady Growth, PAT Up 20%

Declares Interim Dividend of Rs32 per share, recommends stock split

Jan 20, 2024

Properties Of Rs8.89 Cr Attached In Satta Matka Betting Case

ED investigation revealed that illegal Online Betting App such as Dhangames and other Satta Matka Apps were being operated in Madhya Pradesh, Karnataka and other parts of the country to lure unsuspecting masses

Jan 20, 2024

Sify Reports Revenues Of INR8659 Mn

Customer experience, business continuity, cyber security, application modernization and overall adoption of AI models are the prime drivers for Sify's recalibration

Jan 19, 2024

SBI Raises Rs50 Bn Through Additional Tier 1 Bond Issuance

The tenor of the bonds is perpetual with a call option after 10 years and every anniversary thereafter.

Jan 18, 2024

Unstoppable Rise Of Indian Startups: $8.4 Bn Funding In 2023

India's Remarkable Decade Of Growth In Tech Startups: Tracxn Data

Jan 17, 2024

Nova Agritech’s IPO Opens On Jan 22

The Floor Price is 19.50 times the face value of the Equity Share and the Cap Price is 20.50 times the face value of the Equity Share. price band set at Rs39/- to Rs41/- per Equity Share

Jan 17, 2024

Tech Cooperation Set to Improve Global Trade

TradeTech Global initiative outlines a vision for collaborative use of technology for global commerce to unlock trillions in trade

Jan 17, 2024

L&T Tech Services’ Double-Digit Growth In Revenue & Profit

Q3 Revenue of Rs2,422 crore, up 12% YoY and 2% QoQ Q3 Net profit of Rs336 crore, up 13% YoY

Jan 16, 2024

HFCs Shall Ensure Availability Of Full Asset Cover For Public Deposits At All Times

RBI releases draft circular on HFCs and NBFCs

Jan 15, 2024

Coca-Cola & Reliance Retail Team Up for Recycling Initiative

Pilot brief initiative commenced in 36 Reliance Retail stores in Mumbai and Delhi

Jan 15, 2024

3 Banks, 1 NBFC Penalized

These actions on all the 4 entities are based on deficiencies in regulatory compliance

Jan 13, 2024

India Is World Bank's Largest Client: Auguste

Gift City and Vibrant Summit the best gift that Gujarat has given to the world: World Bank Country Director

Jan 13, 2024

Submarine Cable System for BSNL Connecting Kochi-Lakshadweep Completed

NEC's System spans approximately 1,870 kilometers, ensuring digital connectivity to the remote islands, giving a boost to its economic and social life

Jan 12, 2024

Tech Unicorn O9 Solutions’ Record 47% ARR Growth

The enterprise AI software platform provider will expand its presence in India with a new Center Of Excellence (COE) in Hyderabad to develop world-class supply chain talent

Jan 11, 2024

B2B Focused SaaS Startup Glamplus Raises 16.5CR

Funds raised in Pre-Series A round from Upsparks, Eagle10 Ventures, ITI Growth Opportunities Fund & Inflection Point Ventures

Jan 10, 2024

IndusInd Bank’s Samman RuPay Credit Card for Govt Employees

Combining UPI flexibility with exclusive benefits for a seamless banking experience

Jan 09, 2024

FM Sanctions Rs52 Cr For NABARD Initiatives in Sikkim

The successful transition of all MPCSs to the 'go live trial' stage in PACS computerization project marks a pioneering achievement

Jan 09, 2024

AU SFB Launches Swadesh Account For Rural, Semi-Urban Customers

AU Swadesh Current Account provides complete flexibility in terms of balance maintenance and monthly transactions taking into account the seasonality of business cycles

Jan 08, 2024

360 ONE Prime To Raise Up To Rs10 Bn Via Public Issue Of Secured, Redeemable, NCDs

Tranche I Issue opens on Thursday, January 11, 2024, and closes on Wednesday, January 24, 2024 with an option of Early Closure

Jan 08, 2024

Skipper partnered with Ekal Abhiyaan for a renowned City Marathon

"Ekal Run"was rolled out successfully on 7th January 2024, Sunday at Godrej Waterside, Kolkata, attended by many celebrities and city residents

Jan 08, 2024

ED Attaches Properties Of Ex DRO Of Haryana

Case of embezzlement of NHAI and HSIIDC funds

Jan 06, 2024

Investment-led FY24 GDP growth estimated at 7.3%

For FY25, India's GDP growth is expected at 6.5%. There is a reason to remain positive on the capex-driven growth to sustain into next year, whereas rural recovery is expected to be slow

Jan 06, 2024

RBI’s Move Hit Growth Of Securitisation Volumes

Securitisation volumes witness modest decline; estimated at Rs380 Bn in Q3 FY2024 compared to Rs460 Bn in Q2 FY2024

Jan 05, 2024

5 Coop Banks Penalized

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

Jan 05, 2024

Grasim Industries Fixes Rights Issue Price At Rs1,812 Per Share

Record date: Wednesday, 10th January 2024

Jan 04, 2024

TATA AIG Pledges: Complete Claims Pay-out

The campaign video, featuring brand ambassador Ranbir Kapoor and renowned filmmaker Rohit Shetty, is crafted to spotlight TATA AIG's holistic approach towards demystifying the claims process

Jan 04, 2024

Sanstar Files DRHP With SEBI For IPO

The IPO comprises Fresh Issue of upto 40 million shares and an Offer for Sale of upto 8 million shares by the selling shareholders

Jan 04, 2024

Social Edutainment platform Maidaan raises Undisclosed Amount

Maidaan is a peer-to-peer edutainment platform hosting LIVE, bite-sized Olympiads & Tournaments for school children

Jan 04, 2024

How It Is In Insurer’s Interest To Pay Claims

R. Madhavan, who is known for his authenticity and intelligence, questions the profit-making model of insurance companies, ACKO in this case, echoing the common consumer sentiment that why would it be in the insurers' interest to settle claims

Jan 03, 2024

Tenure Of PLI Scheme For Automobile Extended By 1 Year

the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24

Jan 02, 2024

5 Years Rigorous Imprisonment To Ex Bank Employee In Fraud Case

CBI had registered a case on 30.03.2011 on complaint from Oriental Bank of Commerce, Indore that then Chief Manager in collusion with other accused, had sanctioned Cash Credit Facilities amounting to Rs8.1cr against forged Ware House Receipts to 7 firms

Jan 01, 2024

Companies Are In Sound Position To Boost Investments: Lunawat

India added $900 Bn in market cap in 2023, equivalent to the entire market cap of countries such as Brazil, Sweden & Netherlands. Expectations are for interest rates to fall in 2024, with the Fed potentially providing hints during upcoming policy meetings based on their evaluation of inflation and economic data

Jan 01, 2024

License Of Faiz Mercantile Cooperative Bank Canceled

The bank does not have adequate capital and earning prospects

Jan 01, 2024

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