News at a Glance

37 GW Of Offshore Wind Energy Will Be Developed At Investment Of Rs.4.50 Tn

Cabinet approves Viability Gap Funding (VGF) scheme for implementation of Offshore Wind Energy Projects

1 Days Ago

Employment Fairs Will Be Held To Make Maharashtra Skill-ready: Lodha:

Arya Chanakya Skill Development Centers will be set up in 1000 colleges in the next three months

1 Days Ago

CCI Approves Godrej Family Settlement

CCI approves realignment of interests, legal ownership, and management of various entities within the Godrej group

2 Days Ago

Products Of Bahwan Cybertek, napID Cybersec, Trusting Social Found Viable

Regulatory Sandbox: Fourth Cohort on ‘Prevention and Mitigation of Financial Frauds’ – Exit

2 Days Ago

BLS E-Services to Acquire Controlling Interest In ASPL

BLSE signs definitive agreement to Acquire 55% interest in Aadifidelis Solutions Pvt. Ltd. and its affiliates, one of the leading players in India in the distribution and processing of loans

3 Days Ago

Woman-led Start-up Develops AI Tool ‘Divya Drishti’

DRDO Unveils the Power of AI

Jun 15, 2024

RBI Cancels License Of Purvanchal Coop Bank

About 99.51% of the depositors are entitled to receive full amount of their deposits from DICGC; The bank does not have adequate capital and earning prospects

Jun 15, 2024

CBI Takes Over Loan Default Case Of Rs57 Bn

Searches Conducted In Bank Fraud Case Against 28 Accused Including Directors & Promoters Of Various Private Companies

Jun 15, 2024

4 Coop Banks Penalized

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

Jun 13, 2024

Aurionpro Payments Gets Final Authorisation For Online PA License

This is a significant milestone in achieving Aurionpro’s long-term goals as a payment service provider

Jun 13, 2024

Weights Of Technology, NBFCs, PSU Banks, Retail Moderated

FUND FOLIO (June 2024) report by Motilal Oswal Financial Services: Equity inflows accelerate amid volatilities, supported by higher NFOs ; The month saw notable changes in the sector and stock allocation of funds. On a MoM basis, the weights of Capital Goods, Automobiles, Telecom, Metals, Consumer Durables, Real Estate, and Infrastructure increased

Jun 13, 2024

360 ONE WAM To Acquire ET MONEY

360 ONE WAM forays into WealthTech

Jun 12, 2024

Kotak Alt Invests Rs14.45 Bn For Acquisition Of API Biz Of Viatris By Matrix Pharma

The Acquisition has been consummated by the Kotak Strategic Situations Fund II

Jun 11, 2024

3 Coop Banks, 1 NBFC Penalized By RBI

These actions on 3 coop banks and 1 NBFC are based on deficiencies in regulatory compliance

Jun 11, 2024

SIP Contribution At All-Time High Of Rs 209.04 Bn In May

Mutual Fund Industry’s Net AUM stands at Rs 58,91,160.48 crores for the month of May 2024

Jun 10, 2024

CASHe Crosses Rs100 Bn In Loan Disbursals

The company expands digital financial solutions to over 2 million customers nationwide

Jun 10, 2024

RBI@100: Use of AI / ML In Leveraging RegTech/SupTech

Aspirational Goals in a Multi-Year Time Frame

Jun 07, 2024

TCS Launches GenAI Aggregation Platform WisdomNext

The industry-leading platform is designed to remove barriers for customers to develop and launch business solutions, allowing for real-time experimentation across vendor, internal, and open-source LLM models

Jun 07, 2024

Bulk Deposit Limit Revised To Rs3 Cr And Above:

A few REs still charge fees, etc. that are not specified or disclosed in the Key Facts Statement (KFS)

Jun 07, 2024

Boards Of Banks Should Re-Strategise Business Plans

Gap between credit and deposit growth rates warrants a rethink by the banks

Jun 07, 2024

Muthoot Microfin-SBI To Co-lend Women Entrepreneurs

The loan amounts will range from a minimum of Rs 10,000 to a maximum of Rs 3,00,000, providing a substantial boost to women entrepreneurs from rural regions

Jun 06, 2024

Yoma Bank Partners With Integro Technologies

Yoma Bank has piloted Integro’s SmartLender Commercial, a market-leading solution designed to optimize the SME lending process

Jun 06, 2024

Bank of India Signs MOU With PCDA (P)

Through this MoU, Bank of India’ s selected 433 branches will act as Service Centres to provide last mile connectivity to pensioners, especially those in remote areas/ without access to SPARSH/ no technical knowledge

Jun 06, 2024

Investors Are Now Concerned About Pace Of Reforms

Profit Booking May Continue For Some More Time

Jun 04, 2024

Tech Mahindra-Cisco To Give AI-Powered Firewall Modernization Solution

The partnership between Cisco and Tech Mahindra elevates standard firewall functions with sophisticated features such as unified policy management across on-premises and cloud environments

Jun 04, 2024

Cashfree Payments Appoints Hota As Ind Director

Hota is a veteran in the Indian banking and payments industry and has spent close to three decades in the Reserve Bank of India. He was the Former Managing Director & CEO of National Payments Corporation of India

Jun 04, 2024

Poonawalla Fincorp's GNPA Below 1%

The NBFC continued to register robust financial performance, demonstrating strong growth in AUM, profitability, and superior asset quality.

Jun 01, 2024

Get Ready For A Wave Of IPOs From New-Age Business, Traditional Sectors

We may see volatility in the market in short term ahead of election Results & surge in US 10 year treasury yields: Lunawat

Jun 01, 2024

Frauds Occurred Mainly In Digital Payments

An assessment of bank group-wise fraud cases over the last three years indicates that while private sector banks reported maximum number of frauds, public sector banks continued to contribute maximum to the fraud amount

Jun 01, 2024

FY25 Could See Growth Topping 7.5%

India has grown at an average of 8.3% post-pandemic

Jun 01, 2024

BoI Offers 666 Days FD

Senior Citizen will get 7.80% & others will get 7.30% returns

May 31, 2024

Policybazaar For Business' Premium Grows By 40%

The brand has a rapidly expanding client base exceeding 25,000, including industry giants such as Axis, Delhivery, Quess Corp, Info Edge, Cars24, Saxo Group, Manipal Cigna, Spinny, IGT, Mahindra DIE, Celebi, and JM Baxi.

May 30, 2024

TAC Infosec Wins ‘Best Enterprise Cybersecurity Solutions’ Award

The World Future Awards are renowned for spotlighting groundbreaking products, software, and services

May 30, 2024

eMigrate Services To Be Provided Through Common Services Centres

MEA, MeitY and CSC e-Governance Services India Ltd sign MoU

May 30, 2024

DGFT Holds Revised Wastage Norms For G & J Exports

DGFT Gives GJEPC Time Until 31st July to Provide Inputs on Standard Input Output Norms (SION)

May 29, 2024

InCred Capital Appoints Vikram Agarwal As COO

Vikram played a pivotal role in Julius Baer's acquisition of its wealth management business from Bank of America Merrill Lynch in India.

May 28, 2024

RBI Fines ICICI Bank (Rs1 Cr), Yes Bank (Rs91 Lakh)

The action against 2 banks is based on deficiencies in regulatory compliance

May 28, 2024

If Asset Allocation Is Key, HDFC MF Makes It Easy: Munot

HDFC Multi-Asset Fund - Roadmap to Smart Asset Allocation

May 27, 2024

Bajaj Allianz Life's Claim Settlement Ratio Is 99.23%

Bajaj Allianz Life continues to deliver on its Customer First promise in FY24

May 27, 2024

Macro-Economic Buffers Will Help Economy Navigate Challenges Smoothly

Early indications suggest a continuation of the economic momentum during the first quarter of FY25

May 26, 2024

Dvara KGFS Gets $10 Mn In Debt Financing

Debt Is To Bolster Financial Inclusion In Rural India

May 24, 2024

Government’s Effort Towards Fiscal Consolidation Will Be Boosted

RBI dividend at record high

May 24, 2024

Kiwi On-boards 1 Lac Virtual Rupay Credit Cards In 10 Months

UPI Integration Spurs Growth In Rupay Credit Cards

May 23, 2024

Vilas Transcore’s SME IPO To Open On May 27

The Floor Price is 13.9 times the face value of the Equity Share and the Cap Price is 14.7 times the face value of the Equity Share

May 21, 2024

Unified Logistics Interface Platform Leads Charge In Transforming India

Start-ups urged to continue their innovative efforts and explore new ideas to leverage the platform

May 21, 2024

DAHD-UNDP Sign MoU On Digitalization of Vaccine Cold Chain Management

The vaccine cold chain management process, she added will be monitored with the help of new age technology and artificial intelligence through the Animal vaccine Intelligence Network (AVIN) developed by UNDP.

May 21, 2024

Heads Of Assurance Advised To Proactively Update Systems & Practices To Remain Ahead Of Curve

Swaminathan J: The frenzy of some of the UCBs to acquire large corporate exposures which are beyond their bite size, is to be strictly avoided

May 18, 2024

Reliance Retail To bring ASOS Brands To India

Reliance Retail will establish multi-channel presence for ASOS own brands in India

May 18, 2024

Plain Gold Jewellery Exports Grew 27%

Plain Gold Jewellery Exports Shine Bright in April: GJEPC

May 18, 2024

Varachha Coop Bank’s Net Profit Up By 114% At Rs36 Cr

The leading USB of Gujarat is going to organize its AGM on 4-6-2024 at Surat

May 17, 2024

AI, International Business To Boost FY25 Outlook For Infibeam Avenues

Infibeam Avenues' Results Exceed Estimates on Digital Payments Strength

May 16, 2024

SBI General Unveils Bima Central: Seamless Servicing On Mobile App

A Revolutionary Step in Customer Experience

May 16, 2024

YES Grandeur Introduced For Elite, Emerging Affluents

With Indian middle class nearly doubling to 61% by 2046-47 as per PRICE Report, rising incomes and the expansion of middle-class and high-income segments will reshape future consumption

May 16, 2024

Allied Blenders And Distillers Gets Sebi Nod For Rs15 Bn IPO

The shares are offered at a face value of Rs 2 and is a mix of fresh issue of up to Rs 1000 crore and an offer for sale of up to Rs 500 crore by Promoters and Promoter Group

May 14, 2024

Gold ETFs Gain Traction

Investors Seek Safe Haven and Strong Returns: ICRA Analytics

May 14, 2024

Zomato’s Q4 Net Profit Is Rs1.75 Bn: Aiming For 1000 Stores By March 2025

Quick commerce business (Blinkit) turned Adjusted EBITDA profitable in the month of March’24

May 13, 2024

Risk Profile Weighs on Indian Banks' Viability Ratings

Asset quality pressures from the previous credit cycle are subsiding, creating a favorable business environment

May 13, 2024

Bajaj Allianz Life’s Profitable Growth Trend Picks Pace

IRNB surges by 21% in FY2024 vs. FY2023 making it the fastest growing life insurer (amongst top 10 private players)

May 13, 2024

Promoting Green Tech For Sustainable Future

“Technology Development Board(TDB)-Department of Science and Technology celebrates National Technology Day, 2024"

May 13, 2024

Tech And Data Enables Neogrowth To Process 90% Of Loans Within 3 Days

Synergy between technology and business objectives is pivotal in fostering an inclusive credit ecosystem tailored to the unique needs of India's MSMEs

May 11, 2024

Go Digit General Insurance’s IPO Opens On May 15

price band set at Rs258 to Rs272 per Equity Share

May 10, 2024

Zeta Eyes 50% Of $1Tn Credit On UPI Banking Tech Opportunity By 2030

Zeta Launches Digital Credit As A Service For Banks In India

May 10, 2024

PNB's Net Profit Up By 229% To RsRs82.45 Bn

Bank's GNPA ratio improved by 301 bps on Y-o-Y basis to 5.73% as on March’24 from 8.74% as on March’23

May 09, 2024

Zaggle Re-appoints Avinash Godkhindi As MD & CEO

Godkhindi has been at the helm of Zaggle since February 2012, demonstrating exceptional leadership as the Co-Promoter, MD & CEO

May 08, 2024

SIB-Northern Arc Capital To Co-lend By nPOS

The alliance will focus on co-lending and partnership lending activities, as well as facilitate seamless loan transfers between banks and originators.

May 08, 2024

Up to 20% AI Initiatives Fail Without Intelligent Data Infra

NetApp sponsored research by leading market research firm identifies key components of implementing successful AI initiatives, citing data infrastructure as foundational to scaling AI responsibly

May 08, 2024

Domestic Bond Issuance To Rise To Rs10.6 Tn: ICRA

Incremental total credit (bonds, non-food bank credit and CPs) expansion projected to moderate to Rs24.5 trillion in FY2025 from Rs. 25.4 trillion in FY2024

May 07, 2024

Odisha RRB Penalized

Monetary penalty is of Rs1,50,000 for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms - Provisioning, Asset Classification and Exposure Limit’ and ‘Regional Rural Banks - Income Recognition, Asset Classification and Provisioning Norms - Non-Performing Assets (NPAs)’

May 06, 2024

ICICI Bank's NRI Customers Can Make UPI Payments In India By Mobile

NRI customers residing in 10 countries can pay utility bills and merchants in India through iMobile Pay

May 06, 2024

CBI Arrests IT Officer While Accepting Rs4 Lakh Bribe

The accused initially demanded undue advantage of 2% of the total deal value of the property worth Rs5.04 crore and after negotiation, reduced it to 1% of the deal value of the property

May 04, 2024

Titan’s PBT Flat At Rs9.91 Bn

Titan Clocks 23% Growth For FY24

May 03, 2024

WALR On Fresh Rupee Loans Of SCBs Stood At 9.37%

The WALR on outstanding rupee loans of SCBs was at 9.85 per cent in March 2024 (9.83 per cent in February 2024)

May 03, 2024

Personal Loans Growth Moderated To 17.7%

On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 16.3 per cent in March 20243 as compared with 15.4 per cent a year ago.

May 03, 2024

NIPL To Deploy UPI Stack For Bank of Namibia

This collaboration marks a strategic leap towards strengthening Namibia’s financial infrastructure and fostering inclusive economic growth

May 02, 2024

American Express To Open Campus In Gurugram

The campus reflects American Express’ dedication to fostering a dynamic work environment

May 01, 2024

IndoStar Retail AUM Grows 49% To Rs78.64 Bn

The company has demonstrated improvement in asset quality over the last year, with consolidated Gross Stage 3 assets at 4.10% in FY24

Apr 30, 2024

Equirus InnovateX Fund Makes First Investment

The Fund Leads PointO's INR 6.2 Cr Seed Round

Apr 30, 2024

RBI Issues MD For Entities Operating Electronic Trading Platforms

These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) on which transactions in eligible instruments, as defined under these Directions, are contracted

Apr 29, 2024

Co-Working Firm EFC (I) Will Be Managing SM REIT

Real Estate Leasing market in India witnessing an accelerated pace of growth backed by regulatory support

Apr 29, 2024

Erratic Weather, Geopolitical Conflicts Could Push Inflation Higher

Market Pulse April 2024

Apr 29, 2024

Sensex Is Trading Higher Today

Global currencies depreciated against a stronger dollar

Apr 29, 2024

Onion Exports Allowed To 6 Countries

NCEL sourced the domestic onions to be exported through e-platform at L1 prices and supplied to the agency or agencies nominated by the government of the destination country at the negotiated rate on 100% advance payment basis

Apr 28, 2024

LSP Shall Provide Digital View Of All Loan Offers Available To Borrower

The content displayed by the lending service providers shall be unbiased and shall not directly/indirectly promote or push a product of a particular RE; Draft Circular on “Digital Lending, lending service providers; RBI,

Apr 27, 2024

SBI Card's PAT Up By 7% at Rs24.08 Bn

SBI Card's Impairment losses & bad debts expenses up by 50% at Rs944 Cr in Q4 FY24 vs Rs630 Cr in Q4 FY23

Apr 26, 2024

BoM’s Net Profit Up By 55.84 % to Rs40.55 Bn

Gross NPA declined to 1.88 % as on 31.03.2024; Total Business grew by 15.94 % to Rs 474,411 crore

Apr 26, 2024

Talkcharge Technologies Directed To Refund Prepaid Amt In Customers’ Wallets

RBI cautions public against Prepaid Payment Instruments issued by unauthorised entities

Apr 25, 2024

Authorized Economic Operator Status Accorded To Gem & Jewellery Sector

The AEO program has been instrumental in simplifying export operations across various sectors, resulting in significant time and cost savings for exporters

Apr 25, 2024

PFPDL Will Distribute Products Of HDFC Life

HDFC Life and Peerless Financial Products Distribution Ltd. (PFPDL) enter into a Corporate Agency Tie-up

Apr 25, 2024

AJIO Unveils Collection Inspired By Netflix & Sanjay Leela Bhansali’s Series

Heeramandi: The Diamond Bazaar: Launched under AJIO’s House of Ethnics, the limited-edition collection will have over 250+ styles

Apr 24, 2024

EY Parthenon Will Drive Tamilnadu Petroproducts' Initiative For Sustainability Goals

TPL aims to develop an integrated and inclusive carbon-neutral roadmap

Apr 24, 2024

SFBs Allowed To Deal In Rupee Interest Rate Derivative Products

This is done for hedging interest rate risk

Apr 23, 2024

HDFC Bank Parivartan Unveils Initiative To Tackle Plastic Pollution

Effective waste management, community-led upcycling key to tackling plastic pollution

Apr 23, 2024

Nium Appoints Alexandra Johnson As Chief Payments Officer

Banking Industry Expert Johnson will oversee strategy, day-to-day activities, and the evolution of Nium’s payments network team.

Apr 22, 2024

HDFC Bank’s Q4 PAT Up 40%

Domestic retail loans grew by 108.9%, commercial and rural banking loans grew by 24.6% and corporate and other wholesale loans (excluding non-individual loans of eHDFC Ltd of approximately Rs807 billion) grew by 4.2%

Apr 21, 2024

JFS’ Q4 Net Profit Up By 5.7%: Leveraging AA, Bureau & Alternate Data

JFS has recorded multi-fold increase in its net profit of Rs1605 cr for full FY2023-24 against net profit of Rs31 cr in the previous FY

Apr 20, 2024

RBI Imposes Penalty Of Rs10 Lakh On NABFINS

This action is based on the deficiencies in regulatory compliance

Apr 19, 2024

Kronox Lab Sciences Gets SEBI Nod For IPO

The offer represents upto 26 per cent of the paid-up equity share capital of Kronox Lab Sciences

Apr 19, 2024

Raj Kundra’s Properties Of Rs97.79 Cr Attached

The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa Shetty, Residential Bunglow situated in Pune and Equity shares in the name of Raj Kundra

Apr 19, 2024

NPCI Bharat BillPay Partners With SBI

he Initial phase is live with SBI NCMC cards for – Noida Metro, Nagpur Metro, MMRDA Line 2A & 7, Chennai Metro, Kanpur Metro, and Parliament Canteen via SBI Unipay

Apr 18, 2024

Klub & U GRO Capital Will Lend Rs1.50 Bn To MSMEs

Klub's innovative investment platform combines financial product innovation, deep data-driven analytics, high-frequency collections, and community engagement, providing tailored funding solutions to SMEs and startups

Apr 17, 2024

Jump In MF Investments (86%), Insurance Payments (56%), Trading (62%)

Wealth, Wellness, and Wanderlust: Razorpay’s Annual Payments Report Analyses India’s Spending Behavior in 2023

Apr 16, 2024

Increased Demand For Safe-Haven Assets Such As Gold, Dollar

Risk Aversion Visible In Global Markets

Apr 16, 2024

BoI Partners With IMGC For Mortgage Guarantee-backed Home Loans

IMGC has guaranteed home loans worth 25,000 + Crores to more than 1 lac + Home Loan Borrowers

Apr 16, 2024

Equity AUM Jumps 4th Consecutive Year To Rs25.7 Tn

52% YoY Growth in Equity AUM; At INR53.4 Tn MF industry’s AUM declines 2.1% MoM: Motilal Oswal Fund Folio Report

Apr 15, 2024

CPI: Eases To A 10-Month Low; Risks Remain

While an August rate cut remains possible, we see a larger probability of the first cut in October, given our expectation for the Fed to start moving in September 2024.

Apr 14, 2024

TRAI Recommends To Encourage Innovative Technologies, Use Cases, Business Models

Providing sandbox framework for live testing in India will encourage more entrepreneurs to develop solutions for the digital communication industry of the country as well as the world

Apr 13, 2024

75% Drop In Seed Funding For FinTech In Q1

Tracxn Geo Quarterly: India’s FinTech Q1 2024 reveals a 59% surge from Q4 2023; Bengaluru led the funding in the Indian FinTech space, followed by Mumbai and Hyderabad

Apr 12, 2024

Certain Fund Houses Temporarily Halted Inflows Due To Concerns About Rich Valuations In Mid & Small-Caps: Akhil

Hybrid funds experienced an uptick in net inflows on a month-on-month basis

Apr 10, 2024

ICICI Lombard Partners With Policybazaar

Access to 10 Million Customers through the Partnership

Apr 10, 2024

NBFC Co-lending AUM Closing In On Rs1 Tn mark

NBFC Co-lending AUM Closing In On Rs1 Tn mark Share of personal loans in the co-lending book, however, likely to moderate

Apr 08, 2024

PNB Housing Finance Widens Distribution Footprint To 300 Branches

The HFC expands presence in 150+ unique cities to cater to diverse needs of customers

Apr 08, 2024

RECPDCL Awards 2 SPVs

RECPDCL hands over Kallam Transco Limited SPV to IndiGrid and Jalpura Khurja Power Transmission Limited SPV to Tata Power

Apr 07, 2024

Need For Strengthening Cyber Security, Operational Resilience In UCBs: RBI ED

RBI Executives Guide Directors of Northern UCBs On Governance, Risk Management,

Apr 06, 2024

Yet Another Pause, Inflation Remains In Focus

Liquidity deficit eases in the face of nimble management

Apr 06, 2024

SIDBI Partners with Fintech KarmaLife For Micro Loans To Gig Workers

With the gig economy rapidly growing in India, there is a pressing need to provide affordable and accessible financial support to non-salaried gig workers providing their services through gig platform aggregators for livelihood.

Apr 05, 2024

Customers Will Have Wide Array Of CBDC Wallets

The move widens the playing field and can turn CBDC into a mainstream payment option in the foreseeable future

Apr 05, 2024

Suryoday SFB’s Disbursements Grew 36% Y/Y

Suryoday Small Finance Bank has provided Q4 FY 24 Pre Results Quarterly Update.

Apr 04, 2024

Highest Ever Quarterly Disbursement Of Rs96.80 Bn By Poonawalla Fincorp

The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters

Apr 04, 2024

EbixCash Wins Bus Exchange Contract From KSRTC

EbixCash’s Intelligent Transport Management System (ITMS) serves to automate all aspects of fare ticketing and collection including Electronic Ticketing Machines & the software

Apr 03, 2024

Sanjay Nayar Takes Over As ASSOCHAM President

The Founder and Chairman of Sorin Investment Fund Mr Nayar has extensive experience in international finance

Apr 02, 2024

6 Enterprises, Shown In Shark Tank India, Gets DBS Foundation's Grants Of Rs45 Lakhs

The grant size for each individual enterprise ranges from INR 5 lakh to 15 lakh and will be utilised by the respective winners to build consumer awareness, scale operations, and deploy technology to enhance productivity.

Apr 01, 2024

Credit Profiles Continue To Show Strength Amidst Strife

Performance of ICRA-Assigned Ratings in FY2024

Apr 01, 2024

Ambani, Bais Present GJEPC's 50th Awards

Russell Mehta (Rosy Blue) bestowed with Lifetime Achievement Award

Mar 31, 2024

Share Of EBLR Linked Loans In Outstanding Floating Rate Rupee Loans Is 56%

Lending and Deposit Rates of Scheduled Commercial Banks – March 2024

Mar 29, 2024

Afcons Infrastructure Files DRHP For Rs70 Bn IPO

The IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of shares of Rs 1,250 crore and an offer for sale of up to Rs 5,750 crore by Goswami Infratech

Mar 29, 2024

Sections 68/56 Should Not Be Used In Cases Of Receipt Of Capital From Credible Investors: Punit

Tax department has issued show-cause notices to a number of startups in connection with the share premium money received by them

Mar 29, 2024

“RBI Relaxation Will Help AIF, Financial Services Industry”

There is adequate case for exempting CCPS investments as well: Punit Shah

Mar 28, 2024

Downstream Investments Shall Exclude Investments In Shares Of Debtor Company Of RE

Proposed deduction from capital shall take place equally from both Tier-1 and Tier-2 capital

Mar 27, 2024

R K Swamy’s PAT Up By 27% For 9 Months

Shekar Swamy, Group CEO, R K Swamy: “Our listed journey has begun and we are looking forward to the next phase of our growth journey.”

Mar 27, 2024

Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules

The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings

Mar 25, 2024

CII Western Region Gets New Leadership For 2024-2025

Swati Salgaocar – New Chairperson of CII Western Region and Rishi Kumar Bagla takes over as Deputy Chairman

Mar 22, 2024

Dvara KGFS Secures $14.4 Mn Investment

Investment Is From IIX’s Women's Livelihood Bond 6

Mar 21, 2024

5 Including Bank Manager Sentenced To RI With Fine Of Rs62 Lakh

Designated court sentences five accused to Rigorous Imprisonment of 05 years in a bank fraud case

Mar 19, 2024

DBS Bank India Lends $250 Mn For Start-Ups

The bank introduces future-focused funding program to fuel growth aspirations of tech-focused enterprises

Mar 19, 2024

SC Directs SBI To Make A Complete Disclosure Of All Details On Electoral Bonds

The Election Commission of India shall upload the details forthwith on receipt of the communication by SBI: Supreme Court

Mar 19, 2024

CBI Arrests Income Tax Officer, Bank Manager In Cases Of Bribery

CBI arrested Branch Manager, Aryavart Bank, Ajnar Branch, Mahoba, U.P. while accepting bribe of Rs. 6000/- from the complainant

Mar 18, 2024

Opportunities For NBFCs For Viksit Bharat 2047 Discussed

Rajendra Setia: Leveraging technology and data analytics, there are ample opportunities to address the unique needs of Rajasthan's populace, especially within the vital MSME and Vehicle finance sector

Mar 16, 2024

Muthoot Microfin Starts Operations in Telangana

The first phase of the expansion will see the inauguration of 4 branches across Telangana in March 2024

Mar 15, 2024

India, Europe’s EFTA Free Trade Pact to Triple Gem & Jewellery Exports: GJEPC

India-EFTA $100 bn FTA Indicates potential and paves the way for more & larger FTAs with European countries

Mar 14, 2024

Shivalic Power Control Files DRHP With NSE Emerge

IPO comprises a fresh issue of 64.32 lakh equity shares with a face value of Rs10 each

Mar 14, 2024

Cumulative Recovery Rate For ARCs To Rise 500-700 Bps In ’24-25

Cumulative Recovery Rate For ARCs To Rise 500-700 Bps In ’24-25

Mar 13, 2024

Fundalogical Ventures Invests In Indicold

Early growth stage focused fund announces maiden investment in cold chain company

Mar 13, 2024

Leveraging Geospatial Technologies & AI To Manage Assets Under MGNREGA

Ministry of Rural Development signs a MoU with IIT Delhi to formalize their partnership in applications of geospatial technology and artificial intelligence

Mar 12, 2024

Share Of Women Folios, Assets In B-30 Cities Shows Prominent Growth

AMFI Celebrates Women's Day: Showcasing Remarkable Rise in Women's Participation in Mutual Funds

Mar 11, 2024

CFOs Must Identify Sustainability Factors During Investment & Divestment Cycles

ACCA and Chartered Accountants ANZ report sets out inter-relationship between sustainability and mergers, acquisitions and divestments and the key role played by accounting and finance professionals

Mar 11, 2024

Largest Inflows Have Been In Liquid Fund Category

The Credit Risk category continued to witness 11th straight month of outflows

Mar 09, 2024

Media & Entertainment Is Growing At CAGR Of 13%

Atul Kumar Tiwari: Role of skilling, education in media and entertainment sector critical in realizing vision of Viksit Bharat: Secretary, Skill Development & Entrepreneurship, GoI

Mar 08, 2024

Analytics Have Enhanced Operational Efficiency, Customer Service And Mitigated Risks For Dvara KGFS

Predictive models developed through analytics assess the risk of customer default, aiding in managing credit risk and customizing financial solutions for at-risk customers: Vidya Sambasivam, Chief Information Officer, Dvara KGFS

Mar 08, 2024

BoB Offers Benefits To Open Accounts Designed For Women

bob Mahila Shakti Savings Account or bob Women Power Current Account

Mar 08, 2024

Mufin Green Finance Secures USD 5 Mn Sanction

The company announces the raising of a significant debt from BlueOrchard

Mar 07, 2024

Popular Vehicles & Services’ IPO Opens On Monday

The Price Band of the Offer has been fixed at Rs 280 to Rs 295 Per Equity Share. The floor price is 140 times the face value of the Equity Shares and the Cap price is 147.50 times the face value of the Equity Shares;

Mar 06, 2024

Bank of India Strengthens its Leadership

M R Kumar and Rajiv Mishra Appointed

Mar 06, 2024

Digital Likely To Propel Media & Entertainment’s Growth To Rs3 Tn By 2026

Online gaming is expected to reach INR388 billion by 2026; The FICCI-EY report titled '#Reinvent: India's media & entertainment sector is innovating for the future', launched at the FICCI FRAMES 2024, revealed that the Indian M&E sector grew by 8% in 2023, reaching INR2.3 trillion (US$27.9 billion)

Mar 05, 2024

Merger Of Fincare SFB With AU SFB Approved

All-stock merger with shareholders of Fincare SFB to receive 579 equity shares in AU SFB for every 2,000 equity shares held in Fincare SFB

Mar 05, 2024

CBI Arrests 2 Project Directors Of NHAI

Taking total arrests to 8 in an on-going investigation of a case related to bribery of rs20 lakh; After further searches cash recovery/seizure comes to over Rs2 crore (approx) including bribe money

Mar 05, 2024

RBI Directs IIFL Finance To Stop Sanctioning Gold Loans

The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes

Mar 04, 2024

Bill Gates In X Post: Statue Of Unity Is Engineering Marvel

Prime Minister Narendra Modi expresses happiness on Bill Gates visiting Statue of Unity

Mar 03, 2024

Srikanth Subramanian, Joins Angel One To Lead Its Tech-Led Wealth Management

Angel One joins hands with seasoned team of wealth managers to lead its omnichannel wealth management business

Mar 02, 2024

Record 4,10,61,337 NEFT Transactions Processed In A Day

Progress of NEFT & RTGS system

Mar 02, 2024

RBI Cancels License Of Sumerpur Mercantile UCB

The Registrar of Cooperative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

Feb 29, 2024

Don’t Chase AI, Chase Business Problems: Avnish Bajaj

Experienced Founders Come Out on Top: Founder & Managing Director, Matrix Partners India

Feb 29, 2024

Semiconductors Is The Next Big Space for India: Krishnan

A $2 billion digital economy is what India seriously needs: Secretary, MeitY

Feb 28, 2024

Platinum Rush: Retail, NII Investors Make Hurry

Issue subscribed 8.06 times on Day 1

Feb 28, 2024

10.8 Tn In Commitments Reached, A 44% Increase Y/Y: Ananth

In terms of investments, it's about 35% foreign and 65% domestic. Actual investments are still heavily weighted towards domestic: Whole-Time Member of the SEBI

Feb 27, 2024

707 Mn People Enjoy OTT Audio & Video Services

86% Indian Internet Users Use OTT Entertainment Services

Feb 27, 2024

Suryoday RBL School Inaugurated For Children With Special Needs

The initiative will educate over 100 children

Feb 26, 2024

Conceived By Anant Ambani, Vantara Aims To Be A Leading Contributor To Global Conservation Effort

Anant Ambani: "Vantara is a combination of the age-old ethical value of compassion with the excellence of modern scientific and technological professionalism

Feb 26, 2024

Reforms Needed For Labour Laws, Privatization Of PSUs: Panagariya

Chairperson, 16th Finance Commission at ABP Network’s ‘Ideas of India’ Summit 3.0: “The conditions are perfectly there for India to take the world by storm. India is now the only economy, which is growing strongly.”

Feb 24, 2024

Coop Bank Penalized

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

Feb 22, 2024

Happiest Minds awarded ‘Top Firms to Work for in AI & Analytics’

Sridhar Mantha recognized as 'AI Leader of the Year' at the 3AI ACME Awards

Feb 22, 2024

Maharashtra Tech Startup Funding In 2023 Lowest In 5 Years: Tracxn

Maharashtra is the 2nd highest-funded state in 2023 in the Indian Tech startup space; Retail, HealthTech and Transportation & Logistics Tech are the top-funded sectors

Feb 22, 2024

Govt To Give Rs50 Lakh Subsidy To Entrepreneurs For Horse, Donkey, Mule, Camel

Cabinet approves inclusion of additional activities in National Livestock Mission

Feb 22, 2024

ICICI Lombard Appoints Priya Deshmukh As Head, Health Products, Operations

She will also be responsible for the IL TakeCare App

Feb 21, 2024

IREDA’s Retail Subsidiary Will Finance Rooftop Solar, EV & B2C Segments

Das stressed IREDA's commitment to making various Renewable Energy technologies bankable, including emerging ones like Electric Vehicles, Green Hydrogen, and Offshore Wind

Feb 21, 2024

Goa Govt & PFC To Pioneer Subnational Blended Finance Facility For Climate Action

The Government of Goa is setting up the sub-national Blended Finance Facility in partnership with the World Bank, aiming to foster low-carbon, climate-resilient development

Feb 21, 2024

IEPFA Will Spread Safety Info On Investment Via DBS Bank’s Platform

MoU signed to spread awareness on investment and fraudulent schemes

Feb 20, 2024

IT Budgets Accelerating For SMEs: Realities Creating Headwinds

61% of India respondents cite security as their biggest challenge, which was higher than the other countries surveyed. 96% of India respondents intend to adopt artificial intelligence (AI) but more than half (54%) are worried about the impact AI will have on their jobs

Feb 19, 2024

GPT Healthcare’s IPO Opens On Feb 22

Price band set at Rs177/- to Rs186/- per Equity Share

Feb 19, 2024

CBI Arrests Passport Officers; Searches Lead To Recovery Of Rs20 Lakh Cash

CBI apprehended accused APO red handed while accepting bribe of Rs 25,000. RPO and another APO of Regional Passport Office, Jalandhar were also apprehended

Feb 17, 2024

Surge in Export of Soybean Meal

Export of Oilmeals Up by 21% in Jan.'24

Feb 17, 2024

Zerodha Gold ETF Launched

The scheme opens for public subscription on February 16, 2024, and will close on February 21, 2024

Feb 16, 2024

70% Choose Health Insurance Beyond Tax Benefits

ICICI Lombard Study: Health Over Wealth

Feb 16, 2024

PayNearby launches Digital Naari platform to create self-employment

Aims to onboard and uplift over 1 lakh women 'Lakhpati Didis' by 2025

Feb 15, 2024

Net Equity Inflows Pick Up Underpinned By Lower Redemptions

Jan'24, FIIs posted the highest outflows of USD3.1b since Feb'23. Conversely, DIIs recorded the sixth consecutive month of inflows at USD3.2b

Feb 15, 2024

Explurger Secures USD 4.5 Mn in Series-A Funding Led by Affle

The homegrown social media platform will use the fresh capital for future growth

Feb 15, 2024

GeM Records Rs3 Tn In GMV: Order Value From States At Rs493 Bn

392 new categories created under 'One District One Product', improves visibility of arts and crafts products

Feb 13, 2024

4 Coop Banks Penalized

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

Feb 13, 2024

Personal Loans Are Largely Concentrated In 9-11% Bucket

The average ticket size of personal loans across population group is higher for Sep'23 than for Dec'18

Feb 12, 2024

SWATI Portal Launched For Women & Girls In STEMM

Prof Ajay Kumar Sood: The database of SWATI Portal will serve in policy making to address the challenges of Gender-gap

Feb 12, 2024

NSE’s Q3 Profit Up By 8% Y/Y At Rs19.75 Bn

NSE Contributed Rs28,131 crores to the exchequer in 9M FY24, which comprised of STT Rs.23,137 crores, Income tax Rs.1,490 crores, Stamp duty Rs.1,456 crores, GST Rs.1,257 crores and SEBI charges Rs791 crores

Feb 11, 2024

Fiscal Consolidation To Hold Key

INR to continue to trade in a tight range

Feb 10, 2024

RBI Allows Hedging of Gold Price Risk In OTC Market In IFSC

This will provide resident entities more flexibility and easier access to derivative products in hedging their exposure to gold prices

Feb 08, 2024

RBI Introduces Programmability, Offline Functionality In CBDC Pilot

Corporates will be able to program specified expenditures like business travel for their employees; Validity period or geographical areas can be programmed

Feb 08, 2024

LazyPay Migrated To Cloud-Native Core Banking Platform Vault Core

PayU partners with Thought Machine to shape the future of credit solutions in India

Feb 08, 2024

Tribeca Developers Appoints Simantika Mukherjee As CHRO

This is a strategic move by the largest branded luxury developer in India aimed at strengthening the company's commitment to building a high-performing organisation

Feb 07, 2024

SBI partners with Flywire for Indian – International Students

This partnership integrates Flywire technology directly into the bank's platform, offering Indian students an advanced digital checkout experience for their international educational payments

Feb 06, 2024

Godrej Properties’ Net Profit Grows By 6% To Rs 62 Cr

Sales Bookings grew by 76%YoY to INR 5,720 crore in Q3FY24 and 59%YoY to INR 13,008 crore in 9M FY24. Booking value in 9M FY24 was 106% of booking value for the entire FY23, which was GPL' s previous best ever year

Feb 06, 2024

NeGD Organises Deep Dive Training Programme For CISOs

MeitY's Cyber Surakshit Bharat Initiative

Feb 06, 2024

InsideFPV Unveils Elevate V1 Series Drone

ELEVATE V1 SERIES DRONE IS COMPETITIVELY PRICED AT INR 1.5 LAKH AND TO CELEBRATE THE LAUNCH, THE FIRST 100 CUSTOMERS WILL GET IT AT A SPECIAL PRICE OF INR 95,000

Feb 06, 2024

Unity SFB’s Q3 Net Profit grows 79% at Rs1.10 Bn

The Bank will soon introduce new products such as Credit Cards, Personal Loans; CENTRUM Promoted SFB Delivers Robust Performance in Q3FY24 with Sustained Growth in Profitability, Deposits and Advances

Feb 05, 2024

SBI’s Net Profit At Rs403.78 Bn Improved By 20%

Gross NPA ratio at 2.42% improved by 72 bps YoY keywords SBI, Net Profit, Gross NPA ratio, Net Interest Income, Credit growth, Domestic Advances

Feb 05, 2024

“Target For Fiscal Consolidation Has Been Slightly Ambitious”

With the expected moderation in GDP growth in the next few quarters, there is a likelihood of a more moderate tax revenue growth and the dependence on non-tax revenues like disinvestment will be clearly higher

Feb 03, 2024

Strong Emphasis On Technology, Research Will Have Multiplier Impact On Entrepreneurship

Players utilising Digital Public Infra will drive growth

Feb 03, 2024

Indian Fuel Retailers’ Leverage to Rise After Near-Term Improvement

Fitch Ratings believes the OMCs' significantly improved profitability may have contributed to the government's recent decision to halve its budgeted equity support to the OMCs to INR150 billion from INR300 billion, and postpone it to FY25 from FY24

Feb 02, 2024

India Is Poised To Bridge The Digital Divide

Building a More Inclusive & Sustainable India

Feb 02, 2024

Digital Trust Will Promote Responsible Innovation While Risk-Proofing Businesses From Cybersecurity Concerns

We wholeheartedly embrace the Lakhpati Didi initiative, aligning with the Government's vision to create 3 crores self-reliant Lakhpati Didis

Feb 02, 2024

Perfect 10 For Interim Budget: Ashishkumar Chauhan

Overall, this is a positive budget for the markets, with continued focus on growth, prudence and transparency

Feb 02, 2024

Punjab & Sind Bank’s Net Profit At Rs114 Cr Down By 69.44% Y/Y

Bank's total business stood at Rs201914 as on 31.12.2023

Feb 01, 2024

Import Duty On Smartphone Spare Parts Reduced

In a notification issued by the union finance ministry just ahead of the union budget, the import duty on the spare parts, used in mobile phones manufacturing has been reduced from 15% to 10%

Jan 31, 2024

Production & Price Data Of Consumer Goods Reflect Interesting Points

The fall in production is more pronounced for fruit Juice including concentrates, chocolate & cocoa powder, spices, coffee, jams, jellies, marmalades and skimmed milk

Jan 31, 2024

North East SFB Appoints Shrimohan Yadav As Independent Director

Mr Yadav played a pivotal role in major initiatives, including ownership and licensing of private sector banks, mergers and acquisitions in the banking and financial sector, reconstruction of weak banks, and governance-related matters

Jan 31, 2024

‘Startupshala’ Program Launched To Encourage Investments, Networking

Piyush Goyal chairs roundtable with 40 unicorns

Jan 30, 2024

Make Retirement Planning More Attractive And Accessible

Create a more level playing field, fostering healthy competition within the insurance industry

Jan 30, 2024

Female Employees/ Pensioners Can Grant Pension To Children

Govt amends CCS (Pension) Rules, 2021

Jan 29, 2024

1 Out Of Every 10 U.S. Visa Applicants In The World Is Indian     

U.S. Sets Visa Records in India in 2023 through Innovations, and Increased Efficiency; The U.S. consular team in India issued over 140,000 student visas in 2023 – more than in any other country in the world setting a record for the third year in a row

Jan 29, 2024

Establish Low-Cost Funding Window For Equity Support To MFIs

Kuldip Maity, MD & CEO of Kolkata-based NBFC-MFI, VFS Capital, shares his expectation from the budget.

Jan 29, 2024

CBI Apprehends GST Superintendent In Bribe Case

CBI laid a trap and caught the accused red handed while accepting partial bribe amount of Rs20,000/- from the complainant

Jan 27, 2024

UCBs Need Good Governance, Adoption Of Technology

RBI Holds Conference Of Directors Of Select Southern Zone UCBs

Jan 25, 2024

‘Finances Of Panchayati Raj Institutions’ Report Released

An assessment of the fiscal health of Panchayati Raj Institutions (PRIs) is challenging due to the uneven availability of data on their revenues and expenditures

Jan 25, 2024

Bank Credit To Expand By Robust 15% In FY2024

Incremental bank credit growth as well as corporate bond issuances to reach all-time high in FY2024

Jan 24, 2024

CAFRAL’s Learning Program

Forensic Audit, which involves specialized skills, identifies control failures, uncovers trails and gathers legally tenable evidence to trace funds and achieve final resolution

Jan 24, 2024

Zaggle Partners With Hyperface For Corporate Credit Cards

The partnership will strengthen Zaggle's product suite, and will add to its unmatched expense management solutions with multi-wallet functionalities

Jan 23, 2024

Comprehensive Resolution Framework For Financial Service Providers Needed: Swaminathan

Need to look at resolution of conglomerates and addressing resolution of corporate groups: Deputy Governor, RBI

Jan 22, 2024

CreditAccess Grameen’s PAT Up 64%

The NBFC-MFI's Gross Loan Portfolio of INR 23,382 crore, up 31.5% YoY Pre- provision Operating Profit of INR 602 crore, up 58.6% YoY Profit After Tax of INR 353 crore, ROA of 5.5%, ROE of 23.6%, GNPA of 0.97%, NNPA of 0.29%

Jan 20, 2024

RBL BANK’s Net Profits Grows 12%

5.75 Lakhs credit cards issued in this quarter; Total cards outstanding at 5.04mn

Jan 19, 2024

Surge In Options Trading On Indian Exchanges Main Contributor To Global Increase

Global Futures & Options Volume Hits Record 137 Bn Contracts In 2023; Double-digit increases in volume and open interest in most commodity markets

Jan 19, 2024

Equitas SFB Expands In Kochi, Thrissur

Equitas SFB aims to make banking accessible for Kerala's business, local and NRI community via the 5 branches in the state

Jan 19, 2024

IT Solutions Major Rashi Peripherals Raises Rs1.50 Bn

The company, in consultation with the lead bankers had undertaken a further issue of specified securities, for cash consideration of 4.81 million shares at an issue price of Rs 311 per equity share, which saw participation from institutional investors, including Volrado Venture Partners Fund and Madhuri Madhusudan Kela

Jan 19, 2024

Adoption Rate Of Fintech In India (87 %) Well Above Global Average (67%): Das

4 million customers have onboarded e-Rupee; the success is visible with more than 12 billion transactions carried out through UPI in December 2023; Reserve Bank’s composite Digital Payment Index which has increased almost four-fold in the last 5 years

Jan 17, 2024

Shiprocket & Truecaller Empower Sellers With Seamless E-Commerce Transactions

Mobile commerce in India is projected to reach $46.4 billion in 2023

Jan 17, 2024

Hitachi Money Spot Plus Launched

Hitachi Payment Services launches its new financial inclusion initiative to expand to hinterland

Jan 16, 2024

Net Profit of RIIL iIncreased To Rs 363.23 Lakh

Net Profit of RIIL increased to Rs 363.23 Lakh

Jan 15, 2024

Ayodhya Gets SIDBI’s EV Service: GI Tag For Ayodhya Laddus

SIDBI EV initiatives are geared up to spread across cities, towns and unserved segments. Besides metros, SIDBI's endeavour is to reach tourist clusters and pilgrimage centres like Mathura, Varanasi, Agra and other rural parts of India shortly

Jan 15, 2024

YES BANK Deploys Smartfin, Powered By Veefin’s SCF Solution

SmartFin facilitates digital SCF loans for dealers and suppliers of corporate clients, enabling them to achieve their strategic business objectives, that includes working capital efficiency, market expansion, sales acceleration, and strengthening supply chain partnership

Jan 15, 2024

6 winners of Infosys Prize 2023 Felicitated

The laureates were awarded with a pure gold medal, a citation, and a prize purse of USD 100,000 by Nobel laureate Prof. Brian Schmidt

Jan 15, 2024

VGGS: MoUs For Rs26.33 Tn Investments Signed

Investor Facilitation Portal (IFP) has registered total MoUs for 98,540 projects, with proposed investments of Rs45.20 lakh crore, that have been inked between duration of conclusion of 9th and 10th VGGS.i.e. during 2019 to 2024

Jan 12, 2024

RBI Has Strengthened Supervisory Data Analytics To Capture Potential And Emerging Risks: Das

RBI has issued differentiated cybersecurity baseline control frameworks for the varied entities; A graded approach for the co-operative banks has been implemented, depending upon the digital services they offer

Jan 12, 2024

Microchip Will Manufacture 1st Made In India Semiconductor Chip In Gujarat In 2024

A green energy plant with a 30,000-MW capacity is currently under construction in Gujarat, aiming to supply environmentally friendly energy to various industries, including semiconductors

Jan 11, 2024

StoxBox Elevates Trading With Cutting-Edge Solutions And Expert Programs

StoxBox plans to reach a subscriber base of 1 lakh in the span of next 3 to 6 months through AI-powered StoxBox WhatsApp Trader (SWT) platform

Jan 11, 2024

82% MSMEs To Harness Power Of Online Tools In 2024

91% MSMEs expect their profits to increase in 2024 supported by government initiatives & a resilient economy: by NeoGrowth Study

Jan 10, 2024

LTIMindtree Launches Hybrid Cloud Management Platform

SaaS based platform Canvas CloudXperienz, is powered by Artificial Intelligence for IT Operations

Jan 09, 2024

Fuel Credit Cards Top Demand In Tier-2 & 3 Cities

Demand for travel credit cards see a 27% (YOY) growth, e-commerce 24%, & fuel 17%, New-To-Credit (NTC) consumers rise by 19% during 2023

Jan 09, 2024

Bizongo To Finance MSMEs Through Mobile App

It aims to increase disbursements via the platform by over $3Bn in four years

Jan 09, 2024

Land Parcel Of Rs37 Cr, 3 Flats Attached In Bank Fraud Case

The FIR was registered by CBI on the complaint against Associate High Pressure Technologies by Union Bank of India for defrauding them

Jan 09, 2024

India Post's Franchisee Scheme from Feb 1: Kiranas, Shops, Paanwalas Can Be Engaged

69 Dak Ghar Niryat Kendras made operationalized in Maharashtra and Goa State

Jan 08, 2024

EbixCash Payment Solutions’ Exceptional Revenue Growth in 2023

Retains Dominant Leadership Role in Foreign Exchange, Inward and Education Money Remittance Sectors

Jan 08, 2024

Central Banks Bought Net 44 Tonnes Of Gold

Gross purchases (60t) heavily outweighed gross sales (15t) as central bank demand maintained its momentum

Jan 08, 2024

Gadkari inaugurates 12 National Highway projects of Rs14.64 Bn in Kerala

The proposed projects aim to enhance seamless connectivity between Tamil Nadu and Kerala, ensuring swift and trouble-free transportation

Jan 06, 2024

85 Students Of IIT-B Get Offers With CTC > Rs1 Cr

388 organizations participate in phase-I of placement season 2023-24 at IIT Bombay

Jan 05, 2024

Nifty Next 50 rose by 11.09% in Dec’23: MOAMC

Globally, both emerging and developed markets saw positive performance, with an exception to China which shown a negative 2.5%

Jan 05, 2024

3 IIJS Shows Likely To Create Biz of Rs1.25 Trillion

Fashion Jewellery makes India a wedding destination for world: Goyal

Jan 04, 2024

Medway Hospitals Raises $5m Led By Kyra Ventures

Chennai based Multispecialty Hospital Chain also saw participation from family offices

Jan 04, 2024

Indian FinTech funding declined by 63% in 2023

Tracxn's India Fintech Report 2023; Peak XV Partners, Y Combinator, and LetsVenture emerged as the leading investors in the sector

Jan 04, 2024

6 properties, 61 gold coins, Rs3 Cr Cash, Of Ex- JCEE, provisionally attached

ED initiated investigation on the basis of two FIRs registered by Directorate of Vigilance and Anti-Corruption (DVAC), Vellore, Tamil Nadu, against M. Pannirselvam for corruption and acquiring assets to the tune of ? 7.54 Crore through ill gotten money which is disproportionate to his known sources of income

Jan 03, 2024

Asian Indices Started The Year On A Mixed Note

Sensex is trading lower today, while Asian markets are trading mixed

Jan 02, 2024

NEDFi disburses Rs5.47 Bn in NE

NEDFi assists grass-root small borrowers in unserved and underserved areas of the NE Region through “NEDFi Micro Finance Scheme”

Jan 01, 2024

70% Firms Focus On Skills For Cloud Computing, AI/ ML, Mobile & Web Development

52% Organizations Spend 60-100 Hours A Year Digital Learning

Dec 30, 2023

67% Companies Not Prepared To Face Even Top Risks

Empowering India Inc. - ICICI Lombard & IRM India Risk Index Report Elevates Risk Management; Close to one third of respondents, do not have any solution or any insurance to face identified top risks

Dec 29, 2023

RBI Approves 9.95% Stake Acquisition In RBL Bank

The approval has been granted with reference to the application made by I-Pru AMC and IPru Life to RBI

Dec 29, 2023

Facial Analytics, AA Models To Lead To Customer-Focused Insurance Services

The IRDAI's expansion of the 'Use and File' scope has further empowered insurance companies to innovate, offering tailor-made products that cater to individual needs and preferences

Dec 28, 2023

Services Exports Grew Due To Software, Business And Travel Services

Net outgo on the primary income account, primarily reflecting payments of investment income, increased to US$ 12.2 billion from US$ 11.8 billion a year ago

Dec 27, 2023

71% Respondents Want Loan Of Rs30K to Rs2 Lac

46% of those intending to take a loan have increased within the last two months, indicating dynamic financial planning

Dec 27, 2023

RBI'S Reverse Gear On AIFs, Action Is Disproportionate

The blanket ban on all investments in AIFs with downstream investments in debtor companies suggests a misplaced notion that all such investment are tantamount to "evergreening"

Dec 27, 2023

AD Category-I Banks Shall Upload LRS Daily Return On CIMS Portal

LRS for Resident Individuals- Reporting of monthly return and daily transactions

Dec 25, 2023

CBI Arrests Post Official For Taking Bribe

The Central Bureau of Investigation has arrested a Senior Superintendent of Post Offices, Bhimavaram Division, West Godavari District (Andhra Pradesh) for demanding & accepting bribe of Rs. 2.5 lakh from the Complainant

Dec 25, 2023

Property Of Rs35 Cr Provisionally Attached In Bank Fraud Case

ED investigation revealed that the loan amount had been diverted to various bogus firms

Dec 23, 2023

Ola Electric Files DRHP For IPO

The Issue is a fresh issue of equity shares up to ? 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of ? 10

Dec 22, 2023

Address Mounting Concerns In Fintechs, NBFCs And Stock Market: Jaya

A strategic shift is imperative. In 2024, Indian banks will stand at a pivotal juncture

Dec 22, 2023

SBI Ladies' club celebrates Christmas with underprivileged children

The SBI Ladies' Club Mumbai is committed to making a positive impact on the lives of those less fortunate, especially during the holiday season

Dec 22, 2023

Fello Aims To Be India’s Top Prize Linked Banking App

The company aims to make finance fun and rewarding, thereby helping India's youth build better financial health

Dec 22, 2023

BoB Raises Rs25 Bn Via Tier II Bonds

These bonds are Unsecured, Listed, Rated, Subordinated, Non-Convertible, Taxable, Redeemable having a tenor of 10 years from deemed date of allotment with a 5-year call option.

Dec 22, 2023

India should take leadership in Large Language Models: Krishnan

Use of Indian languages in programming for AI will bring down biases in the next gen technology: Secretary MEITY

Dec 21, 2023

DigiYatra To Be Promoted In Festive Seasons

To explore best practices, the airport operators are tasked with presenting biometric enabled models being successfully used in other countries

Dec 20, 2023

Employer-sponsored health insurance costs can rise by 11%  

Digital transformation key to managing rising organisational healthcare costs

Dec 20, 2023

RBI imposes monetary penalty on 5 Coop Banks

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

Dec 20, 2023

India’s DPI, Strong Govt Infra Program Will Sustain Growth: IMF

India's growth is expected to remain strong, supported by macroeconomic and financial stability. Real GDP is projected to grow at 6.3% in FY2023/24 and FY2024/25

Dec 20, 2023

Health Tech Booms, Social Bonds Strain

ICICI Lombard's Wellness Index Maps India's Well-being

Dec 19, 2023

Quick correction in deficit

India's merchandise trade deficit mean reverted in Nov-23 to USD 20.6 bn from a record level of USD 29.9 bn in Oct-23

Dec 18, 2023

Students Empowerd With Bob BRO Savings Account

BOB teams up with IIT Bombay's Mood Indigo, Asia's largest college festival, as the Exclusive Banking Partner, to promote bob BRO

Dec 18, 2023

IndiaBonds.com Launches Portfolio Analysis Tool for Retail Investors

IndiaBonds.com Launches Portfolio Analysis Tool for Retail Investors

Dec 18, 2023

Motisons Jewellers Raises Rs36.3 Cr Via Anchor Book

Meru Investment Fund PCC-Cell 1 bought 46 lakh equity shares amounting to Rs 25.3 crore, and Zinnia Global Fund PCC-Cell Dewcap Fund purchased 20 lakh shares valued at Rs 11 crore.

Dec 16, 2023

Push for MSMEs required in global value chain system: Vimala

Sudhir Panikassery: Long-term benefits for MSMEs might come from utilizing digital transactions and a simple procurement process

Dec 15, 2023

India Shines As Global Hub For AI Innovation

UN Advisory Group On AI, UK AI Safety Summit Brought Together At GPAI Summit; 150 Startups and major tech companies showcased their AI applications and products in the Global AI Expo

Dec 14, 2023

Thane Janata UCB issues Rs9 Cr DD to NUCFDC

TJSB Chairman Sharad Gangal handed over the demand draft to NUCFDC CEO Atul Khirwadkar

Dec 14, 2023

GCCs: Fidelity International To Leverage India As A Talent Hotspot

The surge in GCCs projected to reach 2,000 in India over the next 3-4 years, reflects how organizations are harnessing India's talent pool

Dec 14, 2023

RISEwithProtean: A Multisector Marketplace

Bundling the best of Regtech, Fintech & Open Network services all in one platform

Dec 13, 2023

ICICI Prudential LI & Ujjivan SFB Adopt Bancassurance Mode

Partnership will enable ICICI Prudential Life Insurance to serve the large and growing customer base of the bank

Dec 13, 2023

85% of Indian Businesses Use Cloud Providers for Analytics: Experian Study

India excels in Cloud, AI, and ML: Experian Study

Dec 13, 2023

Motisons Jewellers’ IPO to open on Dec 18

Jaipur-based hyperlocal jewellery retail chain sets price band at Rs.52 to Rs.55 per Equity Share

Dec 12, 2023

‘HDFC Life Click 2 Achieve’ Launched

The plan gives unlimited combinations to enable a customer to achieve his dreams with the cushion of 'guaranteed returns'

Dec 12, 2023

Rs6.21 Bn has been recovered from lottery distributors

Tax Evasion By Lottery Distributors

Dec 12, 2023

India’s 10Y yield is trading at 7.28% today

The Fed, BoE, ECB and BoJ are scheduled to meet this week, but no rate action is expected

Dec 12, 2023

Bank of India Starts Nari Shakti Savings Account

The Nari Shakti Savings Account can be opened at all 5132 domestic branches and also through digital platforms

Dec 11, 2023

YUVAi to feature in GPAI Summit 2023

Top 10 YUVAi Student Finalists to showcase their AI-enabled social impact projects at the Global Partnership on Artificial Intelligence Summit

Dec 11, 2023

Satish Marathe’s Prescription For Promotion And Growth Of Cooperatives

The policy and regulatory focus should be on the promotion, development, and growth of cooperatives, with a particular emphasis on consistent and dedicated reforms to reduce political and administrative control, assuring autonomy for sustained growth

Dec 11, 2023

AI Gamechangers Award Will Be Given at GPAI Summit 2023

Awards and recognition to be extended to Startups, AI entrepreneurs and innovators from diverse backgrounds showcasing their innovative AI solutions

Dec 09, 2023

1,14,902 startups recognized by Govt

Fund of Funds for Startups Scheme has a corpus of Rs100 Bn, Startup India Seed Fund Scheme has a corpus of Rs9.45 Bn; Startup India initiative has built a strong ecosystem for nurturing innovation, startups and encouraging investments in the country

Dec 07, 2023

Clover Infotech Launches Oracle Focused Global COE In Pune

The 200-seater global Oracle focused COE will house the best talent including subject matter, domain and technology experts with extensive experience in Oracle

Dec 06, 2023

License Of Kolhapur Based Coop Bank Canceled

The Commissioner for Cooperation and Registrar Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank

Dec 05, 2023

5 Deep-Tech Innovations Featured At SAMRIDHI

SAMRIDHI Conclave, a deeptech startup acceleration drive inaugurated at IIT Ropar

Dec 04, 2023

Sheetal Universal IPO: Price Fixed At Rs 70 Per Share

The issue will close on December 6, 2023

Dec 04, 2023

States’ Indebtedness To Remain High At 32% This Fiscal

To be sure, the 50-year interest-free loans for Rs 1.3 lakh crore from the centre to states will help meet part of the capital outlay and catalyse investments

Dec 04, 2023

States’ Indebtedness To Remain High At 32% This Fiscal

To be sure, the 50-year interest-free loans for Rs 1.3 lakh crore from the centre to states will help meet part of the capital outlay and catalyse investments

Dec 04, 2023

Meta’s FAIR Decade: Building Next Evolution In Social Technology

Meta is introducing some new AI models and datasets including Ego-Exo4D, Audiobox and Seamless Communication — and their breakthroughs in combining first-person and external views, audio generation and language translation

Dec 04, 2023

AI/ML Powered Scoring Models Assess Retail & MSME Borrowers

FinTech partnerships will enable a crucial headstart in driving innovation & creating value for a new generation of customers while embracing industry trends such as generative AI, embedded finance, open banking, data-driven insights and the expansion of customer outreach

Dec 04, 2023

India’s 10Y Yield likely to be in range of 7.25-7.35% in Dec’23

Bonds Wrap

Dec 04, 2023

FinTech MODIFI’s Expansion For SMEs

The initiative comes in response to the challenges faced by SMEs in navigating traditional cross-border payment and financing methods, which are often cumbersome, costly, and opaque

Dec 01, 2023

Millennia 2023's 200 Self-Made Entrepreneurs

First edition of 'IDFC FIRST Private Hurun India' is a list of the 200 most valuable companies in India founded after the year 2000

Nov 30, 2023

Cashfree’s 'BBPS-Biller Solution' for Indian businesses

It is a single integration platform designed for businesses handling repeat payments, to get discovered on 150+ digital channels and 35 lakhs+ offline collection centres on BBPS and collect bill payments at scale

Nov 30, 2023

WhiteOak Capital MF Launches NFO

'WhiteOak Capital Large & Mid Cap Fund' will be open from 1st December to 15th December 2023

Nov 29, 2023

Tecnik Fluid Controls’ JV with ITT, investment to make valves in India

The purpose is to manufacture industrial valves for the pharmaceutical industry in India, funded by an initial multi-million dollar investment by US-based $3 billion diversified firm, ITT

Nov 28, 2023

5 Tech Trends To Watch Out For In 2024

Gartner predicts that by 2026, over 80% of enterprises will have used GenAI APIs and models, and/or deployed GenAI-enabled applications in production environments

Nov 28, 2023

Opportunities for Payments & Fintech for Decarbonization of Key Systems

Payments for net zero: How industry can contribute towards decarbonization

Nov 28, 2023

HDFC Life’s Guinness World Record For Largest Online Selfie Mosaic

19,097 photos clicked by individuals for its 'Insure India' Campaign

Nov 27, 2023

O/S GSEC market up by 7% at Rs161 tn

The yields on government securities will remain range bound and RBI is likely close to end of rate hike cycle : Vishal Goenka, IndiaBonds.com

Nov 27, 2023

Cashew Exported To Bangladesh, Qatar, Malaysia, USA Through APEDA

Bangladesh will be receiving it's first-ever shipment of Cashew Nuts all the way from Odisha

Nov 25, 2023

RBI Penalizes 5 Coop Banks.

These actions on the 5 entities are based on deficiencies in regulatory compliance

Nov 24, 2023

USD 100 Mn raised for AlphaMine Absolute Return Fund

Launched in April 2022, this open-ended Category III AIF (Alternative Investment Fund) is led by industry veteran, Bhautik Ambani

Nov 23, 2023

Happiest Minds’ IAR 2023 wins Gold at LACP Spotlight Awards

Happiest Minds has been ranked 68 among the 'Top 100 Worldwide' from nearly twenty countries across four continents.

Nov 22, 2023

Fedbank Financial Services raises ?3.24 Bn from 22 anchor investors

Price Band fixed at ?133 to ?140 per Equity Share of face value of ?10 each

Nov 22, 2023

CPO raises growth capital led by NorthCreek, Parkway Partners

VenturEast exit from Comprehensive Prosthetics & Orthotics

Nov 22, 2023

IN-SPACe Approves Eutelsat Oneweb For Satellite Broadband Services

Oneweb has obtained in principle approval to establish and operate two gateways in Gujarat and Tamil Nadu, which would secure the provision of vital high-speed, low-latency internet connectivity to customers across India, once services are rolled out

Nov 22, 2023

Falling module price to spur record solar addition this fiscal

45 GW of solar project pipeline to see improvement in returns' profile

Nov 21, 2023

Kiwi Raises $13 Mn Led By Omidyar Network To Expand Credit On UPI

Existing investors Nexus Venture Partners and Stellaris also participated in the funding round

Nov 21, 2023

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