Category: BFSI

Tata Tele Business Services highlights significance of ‘Smart Internet’ in Growth of SMEs in India

Mumbai, February, 2022: Tata Tele Business Services (TTBS), India’s leading B2B digital services provider, hosted its flagship industry forum CXO Round Table discussion on “Smart Internet – The engine of SME Growth.” Considering changes due to COVID-19 which led enterprises to rethink, redesign, and re-imagine their operations in a new mode of constant transition and remote work environment, […]

Shriram Gen Insurance gets regulatory sandbox nod for innovative policy

Shriram General Insurance has received regulatory sandbox approval to launch its new innovative concept – Fire Loss of Profit insurance cover (FLOP), which aims to cover loss of income, and or increase in the cost of working due to reduction in business turnover or output caused by covered perils. The Standalone FLOP Insurance policy provides […]

Finance Minister Smt. Nirmala Sitharaman interacts with Chief Ministers/ State Finance Ministers and Lt Governors of UTs to step up investment, infrastructure and growth

With a view to enhance the investment climate in the country in the wake of strong recovery and the opportunities accorded by a shift in geo-political realities post pandemic, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman interacted with Chief Ministers and Finance Ministers of all States/ Lt Governors of UTs via virtual […]

Manappuram Finance Q2 net profit declines 8.8% to Rs 370 crore

NBFC Manappuram Finance on Saturday reported an 8.8% year-on-year (y-o-y) decline in its consolidated net profit for the second quarter at Rs 369.88 crore. The non-banking financial company (NBFC) had posted a consolidated net profit of Rs 405.44 crore in Q2 of FY21. However, the company’s consolidated assets under management (AUM) grew by 5.7% to Rs […]

Kotak Mahindra Bank closes deal to acquire 10% stake in KFin Technologies

Kotak Mahindra Bank announced it has completed the acquisition of a nearly 10 percent stake in KFin Technologies for around ₹310 crores. The private sector lender bank had informed in September about subscribing to 1,67,25,100 equity shares in KFin Technologies Pvt Ltd for a consideration of approximately ₹310 crores. This acquisition translated into an equity shareholding […]

Paytm IPO oversubscribed almost 2 occasions: FIIs flood difficulty, home mutual funds and HNIs present least curiosity – Occasions of India

NEW DELHI: Paytm’s Rs 18,300-crore IPO on Wednesday was oversubscribed 1.89 occasions with international institutional buyers flooding the problem with presents whilst home mutual funds and excessive web price people largely stayed away from the preliminary public providing. The corporate is prone to debut on the inventory change on 18 November. The IPO acquired bids […]

RBI to hold its first-ever hackathon, HARBINGER 2021, on payments system

The Reserve Bank of India (RBI) will be organizing its first global hackathon on the theme of digital payments, it said in a statement on Tuesday. “HARBINGER 2021–Innovation for Transformation” with the theme ‘Smarter Digital Payments’ will see participants identify and develop solutions “that have the potential to make digital payments accessible to the under-served, enhance […]

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