financial services

Chennai, March 2 Tamil Nadu Chief Minister M K Stalin inaugurated the Rs 249 crore FinTech Tower in Nandambakkam here on Monday.Spanning 5.56 lakh square feet, the facility is the first major asset to be delivered under the state's planned 56-acre FinTech City project, aimed at making Tamil...

New Delhi, March 1 State-owned India Infrastructure Finance Company has received the necessary approvals to proceed with its proposed initial public offer, with the Cabinet Committee on Economic Affairs clearing its listing on stock exchanges, the company's top official has said.The approval...

Gandhinagar, February 26 – Gujarat has explored potential collaboration with Luxembourg in green finance and long-term infrastructure development during a meeting between Chief Minister Bhupendra Patel and Luxembourg's Finance Minister Gilles Roth in Gandhinagar, officials said on Thursday.The...

Mumbai, February 26 The benchmark BSE Sensex slipped by 27.46 points to close at 82,248.61 in a volatile session on Thursday, dragged down by selling in HDFC Bank and other blue-chip stocks.Investors remained cautious amid the proposed US-Iran nuclear talks, developments related to AI, and...

New Delhi, February 26 The digital payments giant, PhonePe, has reported strong revenue growth and a sharp decrease in losses over the past three fiscal years, indicating a shift towards sustainable monetization and operational efficiency, according to its draft red herring prospectus (DRHP)...

New Delhi, February 25 NBFC firm Credent Global Finance announced on Wednesday that it has raised ₹30 crore through a Qualified Institutional Placement (QIP) to fund business growth.Institutional investors participated in the QIP, further strengthening investor confidence in Credent's evolving...

Mumbai, February 24 Up to 30% of India's top 100 unlisted companies have viable business models and growth potential, making them candidates for listing on stock exchanges, a top official from Hurun India said on Tuesday.None of these companies, identified in the 'JM Financial' - Hurun India...

Mumbai, February 24 Kris@Work, a startup based in Bengal, announced on Tuesday that it has secured $3 million in seed funding to expand its customer base for businesses and strengthen partnerships, among other things.The seed funding round was led by Infoedge Ventures, with participation from...

Ahmedabad, February 23 Gujarat's GIFT City hosted a high-level delegation of mayors from the West Midlands Combined Authority of the United Kingdom on Monday. Discussions took place on strengthening bilateral engagement in international financial services, among other areas.The visit marked a...

Mumbai, Feb 23 Indian companies are expected to offer an average salary increase of 9.1 per cent in 2026, as companies move towards more targeted, skills-based compensation strategies amid evolving business priorities, according to a report released on Monday.Overall, salary increases are...

Mumbai, February 23 Cities in Tier II and III now account for nearly 70 per cent of the country's blue-collar workforce, driven by expanding job opportunities in sectors such as retail, BFSI, and engineering, manufacturing and industrial (EMPI), a report revealed on Monday.The Quess Pulse...

New Delhi, February 23 Mahindra & Mahindra Ltd (M&M) and Manulife of Canada announced on Monday the appointment of Suresh Agarwal as the designated Managing Director and CEO for their proposed life insurance joint venture, subject to regulatory approvals.The agreement to establish a 50:50 life...

New Delhi, February 23 Bharti Airtel on Monday outlined major plans for its Non-Banking Financial Company, Airtel Money, and said the NBFC subsidiary will be capitalized with ₹20,000 crore over the next few years.Airtel will contribute 70 per cent through the promoter group, Bharti...

New Delhi, February 22 State Bank of India (SBI) – the country’s largest lender – has set a goal of increasing green advances to 7.5-10 per cent by 2030, with 25 per cent of these advances to be funded through green lines of credit.As of March 31, 2025, the green advances portfolio constituted...

Ahmedabad, February 22 – Ahmedabad is set to host the inaugural Commonwealth Connect Forum on February 23 at the Veer Savarkar Sports Complex, marking a significant step in advancing the city's preparations for the 2030 Commonwealth Games into long-term economic partnerships.The Forum is being...

Mumbai, February 22 UGRO Capital, a non-bank lender, has borrowing costs that are 1.25 per cent higher than its peers, and the company will focus on reducing these costs in FY27, a top official has said."Our focus is now on reducing our borrowing costs. Our borrowing costs are at least 1.25...

New Delhi, February 21 PhonePe launched an AI-powered natural language search feature on Saturday, built using Microsoft Foundry, allowing users to navigate, pay, and track transactions within the app using simple voice or text commands."This feature enables PhonePe users to initiate and...

New Delhi, February 19 Over the past decade, PhonePe has evolved from a pioneering UPI platform into what many consider a "fully diversified fintech platform".With over 65 crore registered users and a merchant acceptance network of more than 4.7 crore, spanning from major cities to remote...

Kolkata, February 19 Bandhan Bank announced on Thursday that it has enabled customers in Assam to make state and non-state tax payments through the Assam e-GRAS portal, allowing transactions through both online and offline channels.The bank stated that 109 of its branches in the state will...

New Delhi, February 19 India's digital payments ecosystem is moving beyond a focus on scale, with merchant payments emerging as the primary driver of revenue, accounting for nearly three-fourths of the industry's net revenue pool, according to Bernstein's latest sector analysis.The brokerage...