financial services

New Delhi, April 11 Digital investment platform 5paisa Capital has closed its ₹468.8 crore rights issue, which was oversubscribed by 1.24 times.The issue, which opened on March 27 and closed on Friday, received bids for approximately 1.93 crore shares against 1.56 crore shares offered...

Mumbai, April 10 The Reserve Bank of India (RBI) on Friday announced its plan to reduce the time taken for auctions, strengthen price transparency in the government securities market, and enhance retail participation under its 'Utkarsh 2029' strategy.The central bank said it aims to enhance...

New Delhi, April 8 PPFAS Asset Management announced on Wednesday that it has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a sponsor for a pension fund under the National Pension System (NPS).In a statement, the company said it will soon begin...

New Delhi, April 8 – The Gujarat International Finance Tec-City (GIFT City) announced on Wednesday that its fund management ecosystem has grown significantly over the past five years, with capital commitments surging 60-fold from less than $0.5 billion in March 2020 to $32.13 billion as of...

New Delhi, April 6: Salary increases across Indian companies are expected to remain largely stable in 2026, with an average increase of 9.1 per cent, slightly higher than the 9 per cent increase recorded in 2025, a new report said on Monday.The "Deloitte India Talent Outlook 2026" report by...

Mumbai, April 6 The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages.In the draft norms on branch authorisation released on Monday, the central bank...

New Delhi, April 3 – Japan's Ministry of Foreign Affairs has established a new Japan-India Economic Affairs Division to help Japanese companies invest in India, as part of its strategy to strengthen bilateral economic ties."Through the establishment of the Japan-India Economic Affairs...

Mumbai, April 2 The TVS Venu Group announced on Thursday that it will acquire PGIM's India asset management business for an undisclosed amount.The Chennai-based conglomerate, which operates in the auto, financial services, and real estate sectors, has entered into definitive agreements to...

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...