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Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. During the Prime Loan Festival, individuals can unlock the true potential of their gold ornaments by pledging them as security and a ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
VMPL Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. During the Prime Loan Festival, individuals can unlock the true potential of their gold ornaments by pledging them as security ...Read More >
MUMBAI, India, Aug. 14, 2025 /PRNewswire/ -- IndoStar, a middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter ended June 30, 2025 earlier today. During the quarter, the Company successfully completed the divestiture of its 100% subsidiary, Niwas Housing Finance Private Limited. Sale proceeds were received on July 17, 2025. Following completion, the Company has derecognized its investment in Niwas Housing Fin ...Read More >
Shilpa Shetty Kundra, Raj Kundra, and an unnamed person are facing legal trouble as the Economic Offences Wing (EOW) has booked them in connection with an alleged Rs 60.48 crore fraud. The case involves their defunct company, Best Deal TV Pvt Ltd. This action follows a complaint filed by businessman Deepak Kothari regarding a loan-cum-investment deal that reportedly turned sour. Actor Shilpa Shetty Kundra, her husband and businessman Raj Kundra, along with an unidentified individual, have been ...Read More >
Mumbai, Aug 14 (PTI) Mumbai Police have registered a case against actor Shilpa Shetty and her husband Raj Kundra for allegedly duping a businessman of Rs 60.4 crore in a loan-cum-investment deal in their now defunct company Best Deal TV Private Limited, officials said on Thursday. However, a lawyer representing Shetty and businessman Kundra denied the allegations, saying this was a "baseless and malicious case" aimed at maligning his clients, and appropriate action was being initiated against t ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | Ne ...Read More >
New Delhi, Aug 14 (PTI) Shares of gold loan NBFC Muthoot Finance on Thursday jumped 11.51 per cent after the firm reported a 65 per cent year-on-year surge in its consolidated profit after tax for three months ended June 2025. The stock surged 11.40 per cent to hit a 52-week high of Rs 2,797 on the BSE. At the NSE, the stock zoomed 11.51 per cent to Rs 2,799 -- its 52-week high level. Muthoot Finance on Wednesday reported a 65 per cent year-on-year surge in consolidated profit after tax to Rs ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders ...Read More >
Mumbai: Actor Shilpa Shetty Kundra, her businessman husband Raj Kundra and another unidentified person have been booked by the Economic Offences Wing (EOW) of the Mumbai Police for allegedly cheating a city-based businessman of Rs 60.48 crore in a loan-cum-investment arrangement linked to their now-defunct company, Best Deal TV Pvt Ltd. The FIR, initially lodged at Juhu police station under various IPC sections for cheating and forgery, was reportedly transferred to the EOW as the sum involved ...Read More >
Mumbai : UGRO Capital Limited ("UGRO" or "the Company"), a DataTech NBFC focused on MSME lending, announced its financial performance for the quarter ended June 30, 2025 (Q1'FY26). The Company sustained healthy year-on-year growth and a stable risk profile, while reinforcing structural growth engines of branch expansion in Emerging Markets, scale in Embedded Finance, and progress on the Profectus Capital acquisition and ongoing equity raise. Continuing its journey toward becoming the largest sma ...Read More >
New Delhi, Aug 8 (PTI) Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 8 ...Read More >
New Delhi, July 19 (SocialNews.XYZ) Firing fresh salvo at Anil Agarwal-run Vedanta Group, US short-seller firm Viceroy Research said in its latest report that Vedanta Semiconductors is a 'sham' commodities trading operation designed to improperly avoid classification as a non-banking financial company (NBFC). According to Viceroy, "We believe that Vedanta Limited (VEDL) subsidiary, Vedanta Semiconductors Private Limited (VSPL), is a sham commodities trading operation designed to improperly avoi ...Read More >
New Delhi [India], July 15 (ANI): A Memorandum of Understanding (MoU) was signed between DP World, Deendayal Port Authority (DPA), and Nevomo to explore potential opportunities in autonomous magnetic rail freight movement in India. This collaboration aims to revolutionise cargo transportation within port ecosystems by implementing Nevomo's proprietary MagRail technology. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Mi ...Read More >
New Delhi, Jul 15 (PTI) Jaipur-based SK Finance Ltd, a non-banking financial company, on Tuesday reported 27 per cent rise in its loan book to Rs 13,261 crore for FY25, compared to Rs 10,476 crore in the previous year. Despite weathering industry headwinds in FY25, SK Finance stayed resilient, delivering an impressive performance backed by robust demand and focused expansion, the company said in a statement. Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad T ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The government on Tuesday urged parents and guardians to update their children's Aadhaar biometrics who have reached age seven. The Unique Identification Authority of India (UIDAI) reiterated the importance of completing the Mandatory Biometric Update (MBU) for children who have attained the age of seven but have not yet updated their biometrics in Aadhaar. UIDAI said it has started sending SMS messages to the mobile numbers registered in the Aadhaar of such ...Read More >
New Delhi, Jul 15 (PTI) Jaipur-based SK Finance Ltd, a non-banking financial company, on Tuesday reported 27 per cent rise in its loan book to Rs 13,261 crore for FY25, compared to Rs 10,476 crore in the previous year. Despite weathering industry headwinds in FY25, SK Finance stayed resilient, delivering an impressive performance backed by robust demand and focused expansion, the company said in a statement. The NBFC saw its profit after tax increase by 21.72 per cent year-on-year to Rs 380 cr ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
New Delhi, Jul 15 (PTI) HDB Financial Services on Tuesday reported a 2.4 per cent decline in net profit at Rs 568 crore for the first quarter of this financial year. Its net profit was at Rs 582 crore during April-June quarter of 2024-15, HDB Financial Services, a subsidiary of HDFC Bank, said in a regulatory filing. Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. The company said ...Read More >
Mumbai, Jul 14 (PTI) State-owned IFCI on Monday sought the government's go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an NBFC (Non-Banking Financial Company). Also Read | How To Check Lottery Sambad Results: A Comprehensive Guide for Indian Lottery Enthusiasts. In a regulatory filing on Monday, the company informed that its board has recommended to the Government of India for appr ...Read More >
Mumbai, Jul 14 (PTI) State-owned IFCI on Monday sought the government's go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an NBFC (Non-Banking Financial Company). In a regulatory filing on Monday, the company informed that its board has recommended to the Government of India for approval of the Group Consolidation in two stages. Based on the in-principle approval received from the Gov ...Read More >
Mumbai, July 11 (SocialNews.XYZ) The Reserve Bank of India (RBI) said on Friday that it has imposed a monetary penalty of Rs 4.88 lakh on HDFC Bank and Rs 2.70 lakh on Shriram Finance after finding non-compliance with certain directions of the Central Bank. The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign Exchange Management Act (FEMA) after the private sector lender had ignored the 'Master Direction - Foreign Investment in India' while granting a term lo ...Read More >
New Delhi [India], July 10 (ANI): Assets under management (AUM) of private asset reconstruction companies (ARCs), as measured by security receipts (SRs) outstanding, is expected to decline 4-6 per cent to Rs 1.05 lakh crore this fiscal after sliding 15 per cent last fiscal, according to a latest report by Crisil Ratings. The rating agency said that the acquisition of stressed assets will continue to trend lower even as redemptions, which have improved in recent years, are likely to remain healt ...Read More >
New Delhi [India], July 10 (ANI): Assets under management (AUM) of private asset reconstruction companies (ARCs), as measured by security receipts (SRs) outstanding, is expected to decline 4-6 per cent to Rs 1.05 lakh crore this fiscal after sliding 15 per cent last fiscal, according to a latest report by Crisil Ratings. The rating agency said that the acquisition of stressed assets will continue to trend lower even as redemptions, which have improved in recent years, are likely to remain healt ...Read More >
Mumbai: Crisil has forecast that growth in the education loan book of non-banking finance companies (NBFCs) will slow to half of last year's pace due to tightening immigration policies in the United States that are discouraging Indian students from pursuing higher education abroad."Policy uncertainties in the US, combined with measures including reduced visa appointments and the proposed elimination of Optional Practical Training norms have culled newer loan originations. This has led to around ...Read More >
Mumbai: The investor rush for some of the large unlisted companies, especially in financial services, has waned of late following the lower-than-expected pricing of HDB Financial Services' recent Initial Public Offering. Share values of some of the most popular firms in the unlisted space, such as NSE, NSDL and Tata Capital, have fallen between 5% and 18% as investors worry that valuations of these companies in their upcoming IPOs would be lower than the current levels. "Post the HDB IPO, we'v ...Read More >
NEW DELHI: Easing of financing conditions is expected to help improve credit prospects for the NBFC sector, according to finance minister Nirmala Sitharaman. Recent regulatory measures, such as the restoration of risk weights on bank lending and easing of financial conditions, are anticipated to further enhance credit prospects, thereby strengthening the overall funding environment for the NBFC sector, she said on Wednesday."With the recent RBI measures reducing the costs of funds to the sector, ...Read More >
Srinagar, July 09: Chief Minister Omar Abdullah on Wednesday said that Jammu & Kashmir's tourism sector is witnessing a strong revival, with a steady rise in the number of tourists visiting the Union Territory each day.Abdullah, while addressing reporters in West Bengal ahead of the Kolkata Tourism Fair, said, "Tourists are coming back to Kashmir in good numbers. The ongoingAmarnathYatra is proceeding smoothly with heavy footfall on both the Pahalgam and Baltal routes, he said."I spoke to severa ...Read More >
New Delhi, Jul 9: Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NBFCs a ...Read More >
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