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Mumbai, August 13, 2025 -- Motilal Oswal Mutual Fund has unveiled a special Independence Day campaign that honours India's spirited pursuit of freedom while drawing a parallel to the increasingly important journey towards self-reliance and financial independence. The film captures a warm exchange between a retired brigadier grandfather and his 20-something grandson. As they reminisce over their family legacy of freedom fighters and soldiers, the conversation shifts to the challenges of the pres ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. Also Read | Fact Check: Did EC Overlook 50 'Sons' of a Single Man in Varanasi? Congress' Claim Is Misleading, Ram Jan ...Read More >
Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster managemen ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, "GenAI is poised to improve banking operations in India by up to 46 per cent". The report said AI is incr ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, GenAI is poised to improve banking operations in India by up to 46 per cent. The report said AI is increa ...Read More >
Vishal Sikka's early bet on global capability centers (GCCs) is now a reality as more companies insource tech operations in India. This shift challenges Indian IT giants, facing talent and business losses. While offering GCC-as-a-service, they navigate AI challenges and potential tariff risks under a possible Trump administration, impacting both IT firms and GCCs. Some Bengaluru-based doyens may disagree, but as recent events would suggest, Vishal Sikka was probably the most prescient of recent ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Railway Minister Ashwini Vaishnaw on Sunday said that India's first bullet train between Mumbai and Ahmedabad will commence operations "very soon," and it will reduce travel time between the two cities to just 2 hours and 7 minutes. Talking to reporters at the Bhavnagar terminus in Gujarat, after virtually flagging off three trains: the Ayodhya Express, Rewa-Pune Express, and Jabalpur-Raipur Express, Vaishnaw stated that the bullet train project is moving quick ...Read More >
In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in 266 pin codes acr ...Read More >
Nippon Life India Asset Management Ltd. expands financial inclusion by opening a branch in Leh, becoming the first asset management company with a physical presence in the high-altitude region. In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- b ...Read More >
Leh, Aug 3 (PTI) In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan An ...Read More >
The Indian Cybercrime Coordination Centre (I4C) has predicted that the cybercrime losses could soar beyond Rs 1.2 lakh crore in 2025 if current trends persist. The cybercrime crisis in India is fast escalating. The financial frauds are bleeding the country of tens of thousands of crores each year. According to a report by DataLEADS, Indians lost Rs 22,842 crore to online fraudsters in 2024. The following figures will shock you more -- the 2024 figures are nearly three times higher than the Rs 7 ...Read More >
Mumbai: After partnering with US-based investment powerhouse BlackRock and making its official entry into the mutual fund sector of India, businessman Mukesh Ambani's Jio Financial Services Limited has joined hands with Allianz Group to dominate the reinsurance sector in India. Both companies entered the reinsurance sector through their wholly owned subsidiary, Allianz Europe BV, with a 50:50 joint venture. In its exchange filing, JFSL informed about its latest partnership, stating that it will ...Read More >
Aurum PropTech is the first public listed company in India to receive a registration certificate from the Securities and Exchange Board of India (SEBI) as a Small and Medium Real Estate Investment Trust (SM REIT) under the name AMSA SM REIT Investment Trust (AMSA). AMSA operates with a retail-first mindset, robust asset selection process, and a deep commitment of regulatory compliance to make real estate investing more accessible, credible, and rewarding. AMSA is poised to lead the way in provi ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, an ...Read More >
Niwas Housing Finance, formerly known as IndoStar Home Finance, is an affordable housing finance company with Rs 3000 crore ($ 359 million) in assets under management that has supported over 47,000 low income homeowners and small businesses across India Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500 crore ($58 million) as gro ...Read More >
New Delhi [India], July 19 (ANI): Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. As per the official release, the reinsurance partnership will bring together JFSL deep local expertise and robust digital footprint with Allianz strong underwriting and global reinsurance capabil ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in ...Read More >
New Delhi [India], July 19 (ANI): Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. As per the official release, the reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance cap ...Read More >
THANE, July 18: A man and his two children died as their motorbike was dashed by a truck in Chhatrapati Sambhajinagar district of Maharashtra.Gopal Chandanse (36), his wife and two kids were riding to their village when the truck dashed the two-wheeler from behind around 3.30 pm.They were taken to the hospital where Gopal, his son Hriday (7) and daughter Avani (9) were declared dead. Gopal's wife Meenabai (32) was injured and undergoing treatment.The truck driver fled from the spot, leaving his ...Read More >
Bengaluru: A 25-year-old telecaller died, and four others sustained injuries when a BMTC electric bus, driven by its conductor, rammed into an eatery on the pavements of Peenya Friday morning. Preliminary investigations revealed the conductor had no technical expertise to operate an electric bus. He just wanted to move the vehicle a few feet ahead but didn't realise he was going to unleash horror.The deceased is G Suma Naik, a resident of Sanjeevininagar in Hegganahalli and originally from Mandy ...Read More >
Kolkata: Bandhan Bank's net profit in the first quarter of FY 2026 recorded a 65% slump at Rs 372 crore compared with Rs 1,063 crore posted in the year-ago period. Partha Pratim Sengupta, MD and CEO of the bank, attributed the decline to stress in microfinance asset.Even though the bank's total business grew by 11% to Rs 2.8 lakh crore last year, a 119% rise in provisions due to write-offs and high slippages in the microfinance book brought its Q1 net profit down, Sengupta said. "The loan book c ...Read More >
New Delhi, Jul 18 (PTI) Jio Financial Services Limited (JFSL) and Allianz Group of Germany, through its wholly-owned subsidiary Allianz Europe B.V., entered into a binding agreement on Friday to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance partnership will bring together JFSL's deep local expertise and ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illega ...Read More >
MUMBAI: Private sector lender Axis Bank announced on Friday that its board has approved the appointment of Neeraj Gambhir as a whole-time director, designated as executive director, effective August 4. Gambhir's appointment will be for a period of three years, subject to approval from the shareholders and the Reserve Bank of India. Gambhir, 52, currently serves as group executive-treasury, markets and wholesale banking products at Axis Bank, a role he has held since May 2020. He brings over th ...Read More >
Sify Technologies Ltd (NASDAQ:SIFY) is set to release its Q1 2026 earnings on July 18, 2025. The consensus estimate for Q1 2026 revenue is $0.16 billion, and the earnings are expected to come in at -$0.01 per share. The full year 2026's revenue is expected to be $0.69 billion and the earnings are expected to be -$0.02 per share. More detailed estimate data can be found on the Forecast page. Revenue estimates for Sify Technologies Ltd have declined from $0.72 billion to $0.69 billion for the ful ...Read More >
New Delhi, July 18 (MExN): Ministry of Tribal Affairs (MoTA) and Coal India Ltd (CIL) has partnered for improving the quality of education given to the tribal students in the state of Chhattisgarh. CIL will support 68 Eklavya Model Residential Schools (EMRS) in Chhattisgarh under its Corporate Social Responsibility (CSR), which will be benefiting more than 28000 tribal students, stated a PIB update. Ministry of Tribal Affairs, Government of India establishes EMRS to impart quality education to ...Read More >
Chennai: Despite a 90 per cent mobile money account ownership rate, due to its large population India has the largest number of adults without accounts in the world, according to the World Bank. A large-population economy can have a high rate of account ownership and still be home to many people without accounts. For instance, both China and India have account ownership rates of nearly 90 percent, yet they are also home to the largest number of adults without accounts, the report said. The fiv ...Read More >
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