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Mumbai (Maharashtra) [India], October 27 (ANI): Advocate HP Ranina has dismissed a recent report by The Washington Post questioning the investment practices of the Life Insurance Corporation (LIC) of India, calling it baseless and misleading. Speaking to ANI, Ranina said there was "no substance in this report" and emphasised that LIC is a professional and publicly owned institution that operates strictly within its own investment guidelines. Also Read | 'Kaun Banega Crorepati 17': Station Mast ...Read More >
A Kannur-Kasaragod industrial corridor is also being envisioned in an area of over 2,000 acres focusing on sectors such as Fintech, IT-ITeS, AI and robotics, handlooms and logistics. The Kerala government on Thursday released a vision document with the goal of making the state an industrial powerhouse and a leading industrial investment destination in the country. Significant structural reforms would be initiated to accomplish this mission, the state's Minister for Industries, Law and Coir P Ra ...Read More >
Mumbai: RBL Bank expects its proposed share purchase deal with Emirates NBD to conclude within the next 5-8 months, with the management indicating the full $3 billion (₹26,850 crore) infusion - the biggest foreign direct investment in commercial banking - is likely this FY itself. The bank proposes to simultaneously seek regulatory and federal approvals while it seeks shareholder nod for the majority takeover. "It should be somewhere in the 5-8-month range," R Subramaniakumar, MD & CEO, RBL Ba ...Read More >
MUMBAI: RBL Bank aims to become one of India's large banks within three to five years, leveraging a strategic tie-up with UAE based Emirates NBD, its managing director and chief executive R Subramaniakumar said.The foreign lender will invest around $3 billion through a preferential-issue to acquire a 60% stake, triggering an open-offer under regulatory guidelines.Subramaniakumar called the partnership a "once-in-a-generation opportunity" to scale RBL's balance-sheet, digital-capabilities, and co ...Read More >
Mumbai : LTIMindtree, a global technology consulting and digital solutions company, announced its consolidated results today for the second quarter ended September 30, 2025, as approved by its Board of Directors. "Q2FY26 has been a strong quarter for us, marked by broad-based performance across our business. We delivered our second consecutive quarter of growth with margin improvement ahead of plan. We are committed to becoming an AI-centric organization, leveraging our BlueVerse™ ecosystem. Ou ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increas ...Read More >
Bengaluru (Karnataka) [India], October 16: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9 and sequential growth of 2.2 in constant currency. Operating margin was at 21.0. Free cash flow generation was strong at $1.1 billion, 131.1 of net profit. TCV of large deal wins was $3.1 billion, with net new of 67. Employee headcount increased by 8,203. Second consecutive ...Read More >
The solution directly connects to BFSI clients' application programming interfaces (APIs) and fintech platforms, streamlining the complete customer journey, from initiation to resolution. NEW DELHI: Homegrown telecom and CPaaS player, Tata Communications, said it has launched an agentic artificial intelligence (AI)-driven voice solution for improving customer engagement in the banking, financial services and insurance (BFSI) vertical. Tata Communications said the speech-to-speech solution offe ...Read More >
A 63-year-old man in Hyderabad was allegedly cheated out of ₹43 lakh by cyber fraudsters who lured him into a fake online share trading scheme. The victim was initially contacted via WhatsApp by someone claiming to represent a private financial institution. The individual offered opportunities to invest in IPO allotments and participate in share trading, promising high returns. According to Hyderabad cybercrime officials, the fraudsters used convincing tactics to gain the victim's trust. They ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) The Lok Sabha has constituted a select committee to examine the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, and senior MP Baijayant Panda has been appointed as its Chairperson. The 24-member panel comprises a diverse mix of lawmakers from across parties, including Supriya Sule, Mahua Moitra, Karti P Chidambaram, Biplab Kumar Deb, and Dr CN Manjunath, among others. The Insolvency and Bankruptcy Code (IBC), enacted in 2016, is a landmark reform aimed ...Read More >
Mumbai, Oct 1 (PTI) To enhance the resilience of the financial sector, the Reserve Bank on Wednesday announced that the expected credit loss (ECL) framework for provisioning is proposed to be made applicable to all financial institutions from April 1, 2027. Announcing the fourth bi-monthly monetary policy, RBI Governor Sanjay Malhotra said the ECL framework of provisioning with prudential floors is proposed to be made applicable to all Scheduled Commercial Banks (excluding Small Finance Banks ( ...Read More >
Generative AI Spotlight Series: accounts payable automation Manual invoice processing can slow down AP teams and limit scalability. Built with generative AI on AWS, the Agentic Solution for Accounts Payable reduces manual effort across every stage of the workflow -- from capturing invoice data to managing exceptions and triggering payments -- while strengthening financial control. The solution includes a set of pre-built AI agents, each designed to handle a key task, working together to deliver ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
Mumbai: Tata Capital has announced the price band for its upcoming IPO (Initial Public Offering), which is set between Rs 310 and Rs 326 per equity share. Each share has a face value of Rs 10. This IPO is an important step for the company as it works to meet regulatory requirements and raise funds for future growth. IPO Dates and Subscription Details The Tata Capital IPO will open for public subscription on Monday, October 6, and close on Wednesday, October 8. The anchor investor portion will ...Read More >
The Central Bureau of Investigation (CBI) has registered six cases and is conducting searches at 12 locations, in a major crackdown on builders allegedly involved in cheating thousands of homebuyers in Kolkata, Bengaluru, and Mumbai. The agency is also probing the nexus of builders with officials of financial institutions. The cases have been registered following a Supreme Court directive. The builders have been identified as Bengaluru-based Ithaca Estate Private Limited, LGCL Urban Homes (Ind ...Read More >
With uncertainty becoming a defining feature of the global landscape, the role of banks has become much more critical not just as custodians of savings but also as engines of growth, Finance Minister Nirmala Sitharaman said on Thursday. She noted that financial institutions play a crucial role in national infrastructure building and banks must maintain strong balance sheets to fund significant investments, meet the demand for credit, and provide innovative financial products and capital expendit ...Read More >
New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is ... New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is w ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
NEW DELHI: The Department of Telecommunications (DoT) on Thursday signed a memorandum of understanding (MoU) with the Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination to stop the misuse of telecom resources in financial frauds and cybercrimes. FIU-IND is the central national agency responsible for receiving, processing, analysing, and disseminating information relating to suspected financial transactions and coordinating efforts against money launderin ...Read More >
Bhubaneswar, Sept 16 (PTI) The Odisha government is planning to plant 75 lakh saplings on Wednesday to mark Prime Minister Narendra Modi's 75th birthday, an official said. Additional Chief Secretary of Forest Satyabrat Sahu said this programme will be implemented in "election mode". Chief Minister Mohan Charan Majhi chaired a meeting on Monday evening to review the preparations for the programme, he said. "Saplings will be planted from sunrise to sunset. This program will be monitored in elec ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) Public Sector Banks (PSBs) have moved beyond survival and stability and are now ready to play a bigger role in driving India's journey towards 'Viksit Bharat 2047', a top government official said on Saturday. Speaking at 'PSB Manthan 2025', a two-day programme organised by the Department of Financial Services (DFS) in Gurugram, M Nagaraj, Secretary, Financial Services, underlined that PSBs must now aspire for global competitiveness, strengthen governance, and ...Read More >
New Delhi: In a bid to boost climate finance, the Union ministry of new and renewable energy (MNRE) plans to urge the finance ministry to offer tax incentives to green bond buyers, according to two people familiar with the matter. The consideration aims to boost investor interest in green bonds, which is necessary to meet the financing requirements for the clean energy targets. "Though sovereign green bonds were launched a few years back, they are yet to pick up. Now the interest rate of green ...Read More >
Kolkata, Sep 12 (PTI) The Engineering Export Promotion Council (EEPC), India, has urged the government to provide support to absorb a part of the punitive tariff imposed by the US on engineering exports. It also requested the Centre to reinstate the Interest Equalisation Scheme (IES) and ensure affordable export finance. During a meeting with Reserve Bank of India Governor Sanjay Malhotra, EEPC India Chairman Pankaj Chadha stated that the engineering sector was under pressure due to the recent ...Read More >
BENGALURU: Urban Company's initial public offering closed with record-breaking demand, subscribed 103.6 times overall, making it India's most subscribed IPO of 2025 among the largest issues so far. The offer drew bids for 1,106.5 crore shares against the 10.67 crore shares on offer.The biggest push came from institutions. The qualified institutional buyers (QIB) portion was subscribed 140.2 times, led by both foreign and domestic funds. Foreign institutional investors applied for 264.9 crore sha ...Read More >
Mumbai, Sep 12 (PTI) Sebi on Friday decided to broaden the definition of 'strategic investor' under the REIT and InvIT norms by including QIBs and certain categories of FPIs to attract more institutional capital. The Sebi board also cleared a proposal for reclassifying REITs (Real Estate Investment Trusts) as "equity" and retaining the "hybrid" classification for InvITs (Infrastructure Investment Trusts) for the purpose of investments by mutual funds and Specialised Investment Funds. These pro ...Read More >
Chennai: MSME exports who have been hit by the high US tariffs, are also facing challenges with their bank credit. MSMEs with US exposure are witnessing a downgrade in their credit rating after the 50 per cent tariff came into effect. As a result, MSMEs will end up paying higher interest rates besides providing substantial collateral. Several companies, especially MSMEs in the sectors which have a high exposure to the US, are currently facing a threat of credit rating downgrade. The external cr ...Read More >
New Delhi, Aug 29 (PTI) Banks and financial services firms during a joint meeting with the Department of Financial Services and the IT ministry on Friday sought detailed guidelines from the Reserve Bank of India (RBI) to implement the ban on online money gaming, sources said. The firms also sought more time to put in place mechanisms to comply with the ban, they said. The government has banned all forms of online money gaming by bringing in the Promotion and Regulation of Online Gaming Act aft ...Read More >
The Union Cabinet has extended the PM SVANidhi scheme until March 31, 2030, with a Rs 7,332 crore outlay, benefiting 1.15 crore vendors. Loan limits are increased, and UPI-linked RuPay credit cards are introduced for timely repayment. The Union Cabinet on Wednesday approved the restructuring and extension of the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme till March 31, 2030, with a total outlay of Rs 7,332 crore. The decision was taken at a meeting chaired by Prime M ...Read More >
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