financial services

New Delhi, April 1: Digital payment services experienced disruptions across India on Wednesday, leaving many users unable to complete transactions through UPI platforms.According to outage tracking platform Downdetector, complaints surged sharply during the day, indicating a widespread issue...

Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the...

Cosmic PV Power Files for ₹640 Crore IPO Solar module manufacturer Cosmic PV Power Ltd has submitted draft papers to the Securities and Exchange Board of India (Sebi) to raise ₹640 crore through an Initial Public Offering (IPO).IPO Composition and Proceeds The IPO includes a fresh issue of...

GIFT City Banking Assets Cross $106.7 Billion, Mark Sevenfold Growth Since 2020 Strong Expansion in India’s Offshore Banking Ecosystem New Delhi, March 30: Banking assets at GIFT City’s International Financial Services Centre crossed $106.7 billion as of February 2026, marking a more than...

Kotak Mahindra Prime Appoints Suraj Rajappan as MD & CEO Leadership Transition at Kotak Mahindra Prime Limited New Delhi, March 30 – Kotak Mahindra Prime Limited (KMPL) announced the appointment of Suraj Rajappan as Managing Director & Chief Executive Officer, effective June 1, 2026, subject to...

Jio Financial Services Targets 2026 Insurance Launch, Focuses on Secured Lending Strategy Mumbai, March 29: Jio Financial Services (JFS) is preparing to expand its financial ecosystem with plans to launch both general and life insurance businesses in 2026, subject to regulatory approvals...

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...

ICAI Singapore Chapter Plans to Strengthen Regional Collaboration Singapore, March 26 – The Singapore Chapter of the Institute of Chartered Accountants of India (ICAI) is focused on expanding regional collaboration and strengthening ties with professional bodies across ASEAN. Sanjay Gattani, the...

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 25 Since the PM Surya Ghar Muft Bijli Yojana was launched in February 2024, 9,566.89 megawatts (MW) of rooftop solar capacity has been added across the country, the government said on Wednesday.Rooftop solar installations in one crore households would generate approximately...

India Poised for New Investment Cycle, Valuation Attractive Mumbai, March 25 – India is entering a new, long-duration investment cycle driven by manufacturing, infrastructure, and energy sectors, according to a report released on Wednesday by Emkay Global Financial Services. Domestic equities...

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...

India IPO Market FY26: Mainboard Fundraising Hits Record ₹1.65 Lakh Crore, SME Segment Sees Moderation New Delhi, March 24: India’s primary market continued to show resilience in the financial year 2025–26, with the mainboard IPO segment achieving record fundraising levels even as activity in...

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...

Paytm Retained as Buy: Jefferies Projects Strong Revenue Growth, EBITDA Margin Expansion New Delhi – Paytm, operated by One 97 Communications, is expected to maintain its dominant position in the merchant payments platform, driving growth over the next two years, according to a Monday report...

Tata Capital Faces ₹413 Crore Tax Demand for FY18, Plans Legal Challenge Reassessment Order Issued by Tax Authorities Tata Capital has received a reassessment order from tax authorities demanding ₹413.18 crore for the financial year 2017-18, according to a regulatory filing. The order was issued...

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...