2019-06-07 13:15
The six-member RBI Monetary Policy Committee (MPC) decided to slash the current repo rate of 6 per cent to 5.75 per cent effective immediately. The committee which maintained… Read More
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2019-06-06 10:57
The Insurance Regulatory and Development Authority of India (IRDAI) has revised the third-party motor insurance premium rates for cars and two-wheelers for FY 2019-20. The new rates will be… Read More
2019-06-03 11:00
Uber Eats made it known over an earnings call for Q1 2019 with analysts that the company’s take rate, or the commission/fee made from orders received… Read More
2019-05-31 10:33
Electric two-wheeler maker, Ather Energy, has raised $51 million in a fresh funding round led by Sachin Bansal. HeroMotoCorp and InnoVen Capital participated in… Read More
2019-05-31 07:52
With school learning app, Byju’s, surpassing expectations with regard to its earned revenue in FY 2018-2019, the company is all set to earn an approximate revenue of Rs… Read More
2019-05-30 12:40
Lifelong Online raised Rs.40 crore in a series A funding round led by Tanglin Venture Partners. The startup sells various home appliances, home items, kitchen produc… Read More
2019-05-30 08:47
India’s second-largest public sector lender, Punjab National Bank (PNB), hopes to recover non-performing assets worth Rs.20,000 crore in the current financial year. The… Read More
2019-05-29 11:46
New-Delhi based social-travel business, Airblack, raised a seed fund equal to $1.5 million in a funding round led by the venture capitalist firm, SAIF Partners. The startup will ut… Read More
2019-05-28 09:28
India’s hospitality startup, Oyo, has entered into a strategic partnership with China’s largest online travel agency, Ctrip. The tie-up will give customers in Chin… Read More
2019-05-27 08:46
The State Bank of India (SBI) has announced that it would host a customer outreach programme aimed at improving its services and providing a chance for customers to air their conce… Read More
2019-05-27 08:19
Corporation Bank has recently launched the ‘Corp SME Suvidha’, which is a unique product that is especially catered to MSMEs that are GST-registered. Ms… Read More
2019-05-24 11:04
Paytm Payments Bank (PPB) recorded a net profit of Rs.19 crore in FY 2018-19. The company has become a profitable company in its second year of operation. … Read More
2019-05-24 09:40
General Insurance Corporation of India (GIC Re) has registered a 19.7% decline in its net profit in the fourth quarter of the last financial year that ended on 31 March 2… Read More
2019-05-23 08:58
The Insurance Regulatory and Development Authority of India (IRDAI) has said that insurance companies that offer insurance for home structures should provide coverage for accidental deaths c… Read More
2019-05-23 08:21
With the recent FDI (Foreign Direct Investment) norms proving to be a hurdle for Walmart, who acquired a 77% stake in Flipkart for $16 billion, Walmart looks to tap into the food r… Read More
2019-05-23 06:37
IndusInd Bank’s net profit reduces by 62% in the fourth quarter of FY18-19 to Rs.360 crore. In the corresponding period during the last financial year, the lender registered a net… Read More
2019-05-22 12:09
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a hike in premium rates for third-party coverage of all motor vehicles including two-wheelers, cars, and publ… Read More
2019-05-21 12:03
Renowned private lender Kotak Mahindra Bank is reportedly working on a plan to sanction home loans to self-employed applications within 24 hours to 48 hours. The bank has also ment… Read More
2019-05-21 10:38
The furniture behemoth, Ikea’s franchise partner, Ingka Group, has taken up a minority stake in the home design and restoration startup named Livspace. Ac… Read More
2019-05-21 08:00
IndiaFirst Life Insurance reported a 20% rise in its net profit for the last financial year. The insurer’s net profit rose to Rs.61.60 crore, in comparison to a net prof… Read More
2019-05-20 11:14
Corporation Bank recently announced that it registered a net loss of Rs.6,581.5 crore in the last quarter of the previous financial year, as against a net loss of Rs.1,838.4 crore in th… Read More
2019-05-20 10:41
Amazon, the e-commerce major, has recently added the flight-booking service that allows individuals to book flights through the app or website and avail cashbacks for the tran… Read More
2019-05-17 06:35
Bank of India has announced that it has registered a net profit of around Rs.251.79 crore in the fourth quarter of the current financial year due to the decline of bad loans… Read More
2019-05-16 12:07
Up and coming life insurance company, Canara HSBC Life Insurance, has posted a net profit of Rs.165 crore for the fiscal year 2019. With this strong performance, the company has al… Read More
2019-05-16 11:50
Just after Paytm announced the launch of its credit card, Ola made it public that it will soon release its very own credit card with simplified features and exciting offers. The credit card… Read More
2019-05-16 10:59
Looking to bridge the gap with dominant rival Big Basket, Grofers, who is a well-known player in the grocery e-commerce market, set a record by raising $220 million in their S… Read More
2019-05-15 11:27
Paytm, the digital payments major, announced its entry into the credit card market with the introduction of its first-ever credit card. The card is issued and c… Read More
2019-05-15 07:24
Union Bank of India has registered a net loss to the tune of Rs.3,370 crore in the fourth quarter of FY18-19. In comparison, the public sector lender had regist… Read More
2019-05-14 10:01
Oriental Bank of Commerce, a leading public sector lender, has recently announced that it has registered a net profit to the tune of Rs.201.50 crore in the fourth quarter of the last&nb&hell…Read More
2019-05-14 09:52
Visa, a global payments platform, announced the specifications of the National Common Mobility Card (NCMC) on Monday. The NCMC, also referred to as ‘One Nation, One Card’, w… Read More
2019-05-14 08:16
In what could be a win-win situation for both companies, Bharti Airtel and HDFC Life Insurance have come together to offer life insurance policies to customers with just a simple prepaid rec… Read More
2019-05-13 11:22
India’s largest private sector bank in terms of assets, HDFC Bank, has reported a fourth quarter net profit of Rs.2,861.58 crore, which is 27% higher than the Rs.2,256.68 crore reporte… Read More
2019-05-13 11:14
IDFC First Bank recently announced that it has registered a net loss to the tune of Rs.218 crore for the quarter that ended on 31 March 2019. In comparison, the lender registered a profit af… Read More
2019-05-13 10:21
In a bid to give Reliance Retail a global presence, Mukesh Ambani’s company has beat competitors Walmart and Amazon in the race to own Britain’s legendary toy store&nbs&hell…Read More
2019-05-12 13:42
Mumbai-based conglomerate, L&T Ltd., has increased its overall stake in IT services provider Mindtree Ltd. to 26% by purchasing additional shares in the open market. On Th… Read More
2019-05-10 13:01
Bright Lifecare Pvt. Ltd., which owns the online-offline nutrition platform, HealthKart, has raised a fresh round of funds equal to $25 million from a new investor – a Belgiu… Read More
2019-05-10 07:58
With the 64-year-old entrepreneur, Vikram Bakshi, who is credited to bring McDonald’s to India, failing to get a better share, McDonald’s and Mr. Bakshi have decid… Read More
2019-05-09 16:02
Within a few days of purchasing a 14% stake in Altizon, a digital start up firm, for around $2.5 million, TVS Motor Company has made a second investment to the… Read More
2019-05-09 09:15
The e-commerce giant based in Bengaluru, Flipkart, has launched its online grocery business ‘Supermart’ in Mumbai. Mumbai is the fifth city where the services have been made… Read More
2019-05-08 11:29
Due to poor sales over the last few months, Maruti Suzuki has decided to roll out a stripped-down version of their highest selling car, the Alto, which will be known as the Alto H1. To boost… Read More
2019-05-08 10:13
BigBasket’s parent company, Supermarket Grocery Supplies Pvt. Ltd., has received $150 million funding in a series F funding round. The latest funding has taken the compa… Read More
2019-05-08 08:37
Bombay Stock Exchange (BSE) recently announced that its net profit has declined by 16.46% to Rs.51.86 crore during the last quarter of FY18-19, which ended on 31 March 2019. … Read More
2019-05-07 12:17
Global payment solutions provider Mastercard has revealed its plans to invest about Rs.7,000 crore ($1 billion) in India over the next 5 years. This information was revealed by a top executi… Read More
2019-05-07 10:37
As per a new government scheme issued by the Department of Heavy Industry, certain components of electric vehicles such as chargers, control units and AC units are required to be locall… Read More
2019-05-07 10:30
ICICI Bank’s recently announced that its net profit reduced by 4.99% to a sum of Rs.969.06 crore in the fourth quarter of FY19 from Rs.1,020 crore in the year-ago period. The primary r… Read More
2019-05-06 11:51
SBI Card, the payment solutions wing of India’s largest lender State Bank of India (SBI), has raised over Rs.700 crore from various financial institutions during the second h… Read More
2019-05-03 10:05
UK-based Standard Life, which is a joint venture partner in HDFC Life Insurance, will be selling 1.8% of its stake in HDFC Life Insurance via an offer for sale. The company wi… Read More
2019-05-03 09:32
The online logistics startup, BlackBuck, raised an amount equal to $150 million in a series D funding round led by Goldman Sachs Investment and Accel. The total fund… Read More
2019-05-03 08:28
Bandhan Bank, one of the private lenders in India, has reported a strong fourth quarter with a 68% increase in its net profit. For the fourth quarter ended on 31 March 2019, the bank’s… Read More
2019-05-02 10:54
In what was one of the highest acquisitions in the E-commerce market in India, Walmart took over E-commerce giant Flipkart in 2018 in a $16 billion deal which saw the company take over a 77%… Read More
2019-05-02 09:29
The US-based e-commerce major, Amazon, announced on Tuesday that the company’s exports from India touched the $1 billion mark and that it targets the sales to reach $5 billion by the y… Read More
2019-05-02 09:25
Oyo Hotels & Homes, which is backed by SoftBank, is all set to acquire a complete stake in Amsterdam-based @Leisure Group, which is a vacation rental firm, in an all-cash trans… Read More
2019-04-30 10:28
Vehicle financing company Tata Motors Finance is planning to raise $100 million (about Rs.700 crore) through debt funding from International Finance Corporation (IFC), the private sector dev… Read More
2019-04-30 10:08
Reliance Nippon Life Asset Management Company witnessed a 34.16% rise in its consolidated net profit in the fourth quarter of the last financial year that ended on 31 March 2019.&n&hell…Read More
2019-04-30 09:19
In what could be a cause for concern for AirBnb, who has dominated the home rental space across the globe, Marriott, one of the biggest hotel chains in the world, has announce… Read More
2019-04-29 12:06
The Reserve Bank of India (RBI) has come up with some strict guidelines when it comes to opening and operating current accounts by corporate borrowers in the country. RBI has proposed these… Read More
2019-04-29 10:00
In order to make the billing process for purchases easier for partner merchants as well as customers, Paytm has launched an automatic billing feature. The automatic billing feature will allo… Read More
2019-04-29 09:54
Amazon Pay, which has been witnessing a high success rate, has recently launched the peer-to-peer transaction facility based on the Unified Payments Interface (UPI). Amazon Pay is the d… Read More
2019-04-26 12:06
Mahindra Finance, one of the most renowned non-banking financial corporations (NBFCs) in India, has reported an 87% growth in its net profit to Rs.588 crore for the fourth quarter of the pre… Read More
2019-04-26 11:00
Axis Bank, a leading private sector lender, has registered a net profit to the tune of Rs.1,505 crore during the fourth quarter of the last financial year that ended on 31 Mar… Read More
2019-04-26 10:39
The Department for Promotion of Industry and Internal Trade (DPIIT) announced, on Thursday, a new set of measures to provide a platform for startups in Ind… Read More
2019-04-25 10:23
On Wednesday, the budget carrier GoAir announced the launch of 28 new flights in its network including the eight new services in its hub in Mumbai and seven new services from… Read More
2019-04-25 08:36
State Bank of India, which accounts for a quarter of India’s loan market, has recently promoted eight of its current chief general managers to the position of deputy managing dire… Read More
2019-04-24 10:57
Having already invested in a 30% stake in China’s E-commerce giant Alibaba, Japanese investors, SoftBank is considering investing $2-$3 billion in Reliance Jio. According to a sou… Read More
2019-04-24 10:28
The Indian life insurance sector has witnessed its income from the sale of policies growing by 10.7% to touch a sum of Rs.2.15 lakh crore in FY19, in comparison to a cumulative inc… Read More
2019-04-23 10:59
Currently the third-largest telecom operator in the country, Reliance Jio has hinted that they will offer a combo pack in the coming months, which will surely take to the helm of t… Read More
2019-04-23 10:40
India’s largest lender State Bank of India (SBI) has so far issued Rs.2,772.78 crore worth of Electoral Bonds for the purpose of funding political parties. The bank provided this infor… Read More
2019-04-23 10:01
The department of posts, India Post, signed a multi-year agreement with one of the top IT services firm in India, Tata Consultancy Services (TCS), with the intention to convert the… Read More
2019-04-22 09:05
The total deposits made into the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme launched by the government are likely to surpass Rs.1 lakh crore a… Read More
2019-04-19 12:20
Mukesh Ambani-led Reliance Industries has reported a 9.79% growth in its net profit for the fourth quarter of the previous fiscal year to Rs.10,362 crore. For the quarter ended 31 March 2019… Read More
2019-04-19 09:30
On Thursday, the Income Tax (I-T) department proposed changes in the guidelines for taxation for multinational companies (MNCs) and digital companies that have permanent establishments… Read More
2019-04-17 12:08
IT service provider Mindtree has reported an 8.9% growth in its net profit for the fourth quarter of the fiscal year 2018. For the quarter ended on 31 March 2019, the company reported a net… Read More
2019-04-17 08:33
In what would be a sigh of relief for IDBI Bank NRI (Non-Resident India) customers, the bank has rolled out a paperless facility to open an account. IDBI Bank has called it the NRI-Insta Onl… Read More
2019-04-17 07:47
Wipro has recently announced a buyback offer for around 32.3 crores of its shares for a sum of up to Rs.10,500 crore. The IT services company will be buying back its &hell…Read More
2019-04-16 10:40
Following the Reserve Bank of India’s decision to reduce the repo rate by 25 bps to 6% in order to boost the growth of banks in the country, Indian Overseas Bank has reduced its margin… Read More
2019-04-16 10:12
The Insurance Regulatory and Development Authority of India (IRDAI) has come up with a new set of guidelines regarding insurance claims for insurers operating in India. Under these new guide… Read More
2019-04-16 09:04
The digital payments platform, PhonePe, announced on Monday, that it touched the 2-billion mark in terms of the number of transactions carried out on the application. The growth wa… Read More
2019-04-15 10:01
The process of merging Vijaya Bank and Dena Bank with Bank of Baroda is likely to be completed within 2 years. The merger of Vijaya Bank and Dena Bank with Bank of Baroda came into… Read More
2019-04-15 09:24
As per the data released by the Reserve Bank of India, it has remained the net US Dollar buyer for the third consecutive month in February. In February, the central bank purchased $825 milli… Read More
2019-04-15 06:49
Telecom major Reliance Jio has expanded its customer base to 300 million users as per various sources. The company achieved this feat within a period of just two-and-a-half years… Read More
2019-04-12 10:53
The payments startup, Cashfree, based in Bengaluru, raised $5.5 million, equal to Rs.38.2 crore, in a Series A funding round led by the South Korean venture capital firm, &hell…Read More
2019-04-12 10:29
Following the Central Bank of India’s decision to reduce the repo rate by 25 basis points to 6% from 6.25% to boost growth, State Bank of India reduced its lending rates and now Bank o… Read More
2019-04-12 10:06
RBL Bank recently announced that it has partnered with CreditVidya, a leading credit profiler, to offer its customers an enhanced customer experience. The lender issued a release s… Read More
2019-04-11 11:27
The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance firms to inform policyholders about the status of their claims at all stages of processing… Read More
2019-04-11 08:55
Financial services provider IDBI Bank has invited applications from candidates to fill up 950 vacant positions in the bank. Most of these positions are specialised roles that inclu… Read More
2019-04-11 06:15
As per a press release issued by the State Bank of India, the home loan interest rates for loan amounts below Rs.30 lakh has been decreased by 10 basis points. Thus, the interest r… Read More
2019-04-10 11:36
L&T’s financial services wing, L&T Finance, announced that it has received bids to the tune of Rs.3,238.48 crore on its public issue of non-convertible debentures (NC… Read More
2019-04-09 10:37
The Insurance Regulatory and Development Authority of India (IRDAI) is reportedly planning to introduce an option that allows policyholders to receive their claim settlement in installments… Read More
2019-04-09 09:20
The Government of Singapore recently sold a total of 6.8 crore shares of DLF for a sum of Rs.1,298 crore through an open market transaction on the NSE. As on 31 December 2018, the… Read More
2019-04-09 08:35
The digital payments platform, PhonePe, has planned to add more in-app merchants as part of its next growth plan. The company started partnering and integrating other applicat… Read More
2019-04-08 10:02
Bank of India (BOI) recently announced that it is looking to sell a 25.05% stake in Star Union Dai-ichi Life Insurance (SUD Life) at a price of around Rs.170.50… Read More
2019-04-08 09:16
The Indian e-commerce startup, Paytm, plans to hit their Rs.10,000-crore revenue target in the next one year. As part of its business expansion, the firm plans to hire 500 members on it… Read More
2019-04-08 08:07
With Honda Motorcycle and Scooter India (HMSI) hoping to surpass Hero MotoCorp by 2020 to take the top spot in the two-wheeler segment in the Indian market, the company’s ambition will… Read More
2019-04-05 11:14
Having stamped their dominance in the Indian market, OYO is now launching its operations in Japan. In a joint venture with Yahoo and with the backing of Softbank Vision Fund and Softban… Read More
2019-04-05 10:07
BharatPe, a fintech startup which provides interoperable UPI QR codes to Indian merchants, has raised a sum of $15.5 million in funds from its existing investors, Be… Read More
2019-04-04 10:04
India’s largest lender, State Bank of India (SBI), expects to achieve an operating profit of Rs.70,000 crore for the fiscal year 2020. SBI Chairman, Rajnish Kumar, has urged… Read More
2019-04-04 08:50
Reliance Industries, through its telecom business, Reliance Jio Digital Services Ltd. acquired a major stake equal to 87 per cent in the Artificial Intelligence chatbot firm, … Read More
2019-04-03 08:46
In a release on Tuesday, it was made known that Rajan Anandan has quit Google India, owned by Alphabet Inc. to join a leading venture fund, Sequoia Capital. Anandan … Read More
2019-04-03 08:36
Metropolis Healthcare has sold its shares to anchor investors to raise a sum of Rs.530 crore ahead of its Rs.1,204 crore IPO. The company allotted a total of 60,23,293 shares at a… Read More
2019-04-03 07:37
A report by Asian Development Bank (ADB) estimated that India’s gross domestic product (GDP) growth is expected to rebound to 7.2% this year. The bank attributed the GDP grow… Read More
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