financial services

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    AI Reduces MSME Loan Processing Time, Frees Up Relationship Managers

    New Delhi, February 18 Artificial Intelligence has helped reduce the time to disburse loans to MSMEs to under 30 minutes, and saves relationship managers eight hours every week, a top official of BUSINESSNEXT, an autonomous AI operating system for banks and financial services, said on Wednesday...
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    India and Norway Explore Collaboration on Renewable Energy and Trade Agreements

    New Delhi/Oslo, February 18 Finance Minister Nirmala Sitharaman highlighted India's expanding trade architecture on Wednesday, stating that the country provides a stable framework for trade, industrial collaboration, and long-term investments.In a roundtable meeting with prominent Norwegian...
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    Funding Boost for Uptiq: Expanding AI Capabilities in Financial Services

    New Delhi, February 17 Uptiq, an AI platform for financial services, announced on Tuesday that it has raised USD 25 million in a funding round led by Curql.The funds raised in the Series B round will be used to enhance Uptiq's global AI capabilities and strengthen India as its primary hub for...
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    CCI Approves Axis Asset Management's Acquisition of Axis Securities Portfolio Management

    New Delhi, February 17 The Fair Trade Regulator, CCI, has approved the acquisition of the portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd."The proposed combination involves the acquisition of the portfolio management services business of Axis...
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    Uttar Pradesh Expands Cooperative Banking Network with M-PACS

    Lucknow, February 17 – The Multipurpose Primary Agricultural Cooperative Societies (M-PACS), launched to strengthen the cooperative banking network and enhance outreach to grassroots workers, are yielding wide-ranging results in Uttar Pradesh.According to an official statement, more than 2...
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    New Gold Loan Branches Launched by AU Small Finance Bank

    New Delhi, February 17 AU Small Finance Bank announced on Tuesday the launch of its gold loan branch network as part of a broader nationwide expansion in secured retail lending.The small finance bank (SFB) has inaugurated its first two dedicated Gold Loan servicing branches in Jamnagar and...
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    Infosys, Anthropic Team Up to Drive AI Transformation Across Telecom, Finance, Manufacturing

    New Delhi, February 17 Infosys announced a strategic collaboration with American artificial intelligence company Anthropic on Tuesday to develop and deploy advanced enterprise AI solutions for companies in the telecommunications, financial services, manufacturing, and software development...
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    Infosys and Anthropic Partner on Enterprise AI Solutions

    New Delhi, February 17 Infosys, a major IT company, saw its share price rise by more than 3% on Tuesday after the company announced a strategic collaboration with Anthropic to develop and deliver advanced enterprise artificial intelligence (AI) solutions.On the BSE, the company's stock...
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    AI Solutions Provider Fractal Analytics Posts Initial Trading Decline

    New Delhi, February 16 Shares of Fractal Analytics, a provider of artificial intelligence (AI) solutions, closed at a discount of 7 per cent against the issue price of Rs 900 on its debut trading day on Monday.The stock listed at Rs 876, a decline of 2.67 per cent from the issue price on the...
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    Private Equity Firm Launches ₹8,500 Cr Fund Targeting High Returns

    Mumbai, February 16 Motilal Oswal Alternate announced on Monday raising ₹8,500 crore from private equity investors, and the fund will be deployed as growth capital across companies.The fund witnessed strong participation from both global and domestic investors, surpassing its initial target of...
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    India's Digital Payments Surge: UPI Dominance and Future Strategies

    New Delhi, February 16 UPI has emerged as the most preferred mode of transaction, surpassing cash transactions, and there is a need for targeted interventions to strengthen the use of RuPay debit cards, particularly in rural and semi-urban areas, a report said.The Department of Financial...
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    EaseMyTrip Seeks Funding to Boost Hotel & Holiday Business

    New Delhi, February 16 Travel tech platform EaseMyTrip announced on Monday that it plans to raise up to ₹500 crore in capital to support expansion across high-potential segments, particularly in hotels and holidays.The Board has approved, in principle, a proposal to raise funds through the...
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    Aye Finance IPO Gains Ground Despite Initial Trade Decline

    New Delhi, February 16 Shares of the non-banking financial company (NBFC) Aye Finance made a flat market debut on Monday, listing at par with the issue price of Rs 129.The stock listed at Rs 129 per share on both the NSE and the BSE. Later, it traded 3.17 per cent lower at Rs 124.91 on the...
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    India and UK Trade Pact: Key Benefits and Implementation Timeline

    New Delhi, February 15 – The India-UK free trade agreement is likely to come into effect from April this year, paving the way for an increase in Indian exports to the European nation, according to a senior official on Sunday.The agreement was signed between the two countries in July last year...
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    Restructuring Plan Unveiled: Religare Demerger Aims for Strategic Growth

    New Delhi, February 15 Religare Enterprises Ltd (REL), backed by the Burman family, has approved a plan to separate its financial services and insurance businesses into two separate, publicly listed entities. This move aims to unlock shareholder value and sharpen strategic focus.This is the...
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    Chintan Shivir in Coorg: Financial Services Department Charts Future Course

    Bengaluru, February 14 A two-day Chintan Shivir (brainstorming session) of the Department of Financial Services (DFS), Ministry of Finance, was held in Coorg, Karnataka, on February 13 and 14, 2026.The primary objective of the Chintan Shivir was to encourage fresh perspectives and generate...
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    Manappuram Finance Secures RBI Approval for Bain Capital Investment

    New Delhi, February 14 Gold loan financier Manappuram Finance said on Saturday that it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition of up to 41.66 per cent of the company's paid-up equity capital/convertible instruments by affiliates of Bain...
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    Sebi Launches AI Campaign to Boost Investor Awareness

    New Delhi, February 13 The market regulator, Sebi, launched a multilingual, AI-enabled public outreach campaign on a pilot basis on Friday to enhance investor awareness about the 'Sebi Check' tool and validated UPI handles.The initiative has been launched in collaboration with Sarvam, a...
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    Ruemmler Steps Down at Goldman Sachs Following Epstein Connections

    February 13, New Delhi: President Donald Trump stated on Thursday that he was unaware of Commerce Secretary Howard Lutnick visiting the private island of convicted sex offender Jeffrey Epstein. He told reporters that he had not discussed the matter with Lutnick and added that he himself had...
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    Regulatory Impact Assessment: Sebi's New Approach

    Mumbai, February 12 Sebi chairman Tuhin Kanta Pandey said on Thursday that the capital markets regulator is looking at reducing regulatory costs through multiple interventions.The efforts include forming a special committee under the chairmanship of Chief Economic Advisor V Anantha Nageswaran...
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