financial services

Mumbai, March 30 LIC announced on Monday that its offices across zones and divisions will remain open during normal working hours on Tuesday.This move is for customer convenience, as per the advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI), an official...

New Delhi, March 30 Branches of the Life Insurance Corporation of India (LIC) across the country will remain open on March 31 to assist policyholders in depositing their insurance premiums.March 31 is a public holiday due to Mahavir Jayanti.Normal operations, as per official working hours...

Mumbai, March 29 Jio Financial Services (JFS) is aiming to launch general and life insurance businesses this year, a top company official has said.The financial services company does not have any immediate plans to enter the unsecured and consumer durable lending businesses."We hope to start...

Gandhinagar, March 28: Gujarat's GIFT City has experienced rapid growth in financial activity and international participation, positioning India as a competitive global financial hub. This has prompted Chief Minister Bhupendra Patel to describe it as a "vibrant reality driving economic growth."...

New Delhi, March 27 State-owned Oriental Insurance Company Ltd (OICL) has crossed Rs 20,000 crore in gross premium for the fiscal year 2025-2026, the finance ministry said in a statement on Friday.This development signifies the growing trust of policyholders, intermediaries, and stakeholders...

Gandhinagar, March 26 Gujarat International Finance Tec-City (GIFT City) announced on Thursday the launch of 'Women in Fintech Accelerator' under the GIFT International Fintech Innovation Hub (GIFT IFIH) to strengthen the participation of women-led startups in India's International Financial...

New Delhi, March 26 Jio Financial Services Ltd (JFSL) and Allianz Group, through its wholly-owned subsidiary Allianz Europe BV, announced on Thursday that their reinsurance joint venture has commenced operations.Allianz Jio Reinsurance Ltd is authorized to underwrite reinsurance in India with...

Singapore, March 26 The Singapore Chapter of the Institute of Chartered Accountants of India plans to strengthen regional collaboration by building deeper connections among ICAIs across ASEAN and fostering closer ties with regional professional bodies, its newly elected chairman, Sanjay Gattani...

Washington, March 26 US lawmakers grappled with a difficult question facing modern finance: how to embrace new technology without exposing investors and markets to fresh risks.At a congressional hearing on Wednesday (local time), policymakers and industry leaders debated the rise of tokenized...

Bengaluru, March 25 The two southern tech hubs—Bengaluru and Hyderabad—now account for over half of India's urban growth momentum, reshaping jobs, consumption, mobility, and the future of Indian cities, according to a data report released on Wednesday.Together, the two cities accounted for...

New Delhi, March 25 The United Forum of Bank Unions (UFBU), a federation of nine unions, on Wednesday demanded the immediate reversal of the unilateral implementation of the revised performance-linked incentive (PLI) formula.The revised PLI formula, proposed by the Department of Financial...

New Delhi, March 24 The initial public offering of Central Mine Planning & Design Institute Ltd, a subsidiary of state-owned Coal India, was fully subscribed on the final day of bidding on Tuesday.The IPO, worth Rs 1,842 crore, received bids for 8,37,16,560 shares, against 7,97,89,500 shares...

New Delhi, March 24 The NHRC has sent a notice to the Insurance Regulatory and Development Authority of India regarding allegations that families of children with hearing and speech disabilities are facing difficulties in obtaining life insurance policies.A copy of the proceedings has also...

New Delhi, March 23 DBS Bank India announced the launch of its direct tax payment facility on Monday, following authorization from the Central Board of Direct Taxes (CBDT).The bank will now be able to collect direct tax payments on the TIN 2.0 platform, in addition to its existing capability...

New Delhi, March 23 Svatantra Microfin Pvt Ltd announced on Monday that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following approval from the NCLT.The approval for the amalgamation was granted by the National Company Law Tribunal...

New Delhi, March 23 The Association of Gold Loan Companies (AGLOC) has sought a six-month deferral of the Reserve Bank of India's (RBI) revised guidelines on lending against gold and silver collateral, scheduled for implementation by April 1, 2026, citing emerging geopolitical uncertainty and...

New Delhi, March 23 Paytm, operated by One 97 Communications, continues to maintain its dominant position in the merchant payments platform, which is expected to drive its growth over the next two years, according to brokerage Jefferies on Monday.The brokerage retained its 'Buy' rating on the...

New Delhi, March 22 Non-banking financial company Tata Capital has received a reassessment order from tax authorities, demanding Rs 413.18 crore for the financial year 2017-18, the firm said.The order, issued by the Deputy Commissioner of Income Tax, Mumbai, under the Income-tax Act and...

New Delhi, March 21 Private sector lender Axis Bank has announced a partnership with the DP World Professional Golf Tour of India (DP World PGTI) as its official banking partner.This collaboration marks a significant step towards strengthening the growth of professional golf in India while...

New Delhi, March 20 Days after the resignation of HDFC Bank chairman Atanu Chakraborty, citing ethical concerns, the bank has terminated the services of three employees for gaps in client onboarding at its Dubai International Financial Centre (DIFC) branch.According to sources, HDFC Bank has...