financial services

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...

HDFC Bank Chairman Atanu Chakraborty Resigns Citing "Values and Ethics" Differences New Delhi/Mumbai, March 19 – HDFC Bank’s non-executive chairman Atanu Chakraborty has resigned abruptly, citing differences over "values and ethics," a rationale the bank described as baffling due to the absence...

Indian Stock Market Crash: Sensex and Nifty See Steepest Fall in Nearly Two Years Amid Oil Price Surge Benchmark Indices Drop Over 3% Amid Global Tensions Mumbai, March 19: Indian stock markets witnessed a sharp decline on Thursday as escalating geopolitical tensions and a surge in crude oil...

Indian Stock Market Falls Sharply as Middle East Tensions Push Oil Prices Higher Sensex Drops Nearly 2,000 Points, Nifty Slides Amid Global Weakness Mumbai, March 19 – Indian equity markets opened sharply lower on Thursday, mirroring weak global cues as escalating geopolitical tensions in the...

Innovision Ltd IPO Subscribed 3.32 Times on Final Day After Price Band Revision Strong Institutional Demand Lifts Subscription Despite Slow Start New Delhi, March 17 The initial public offering of manpower and toll plaza management services provider Innovision Ltd closed with an overall...

Mirae Asset Financial Services Completes Merger with Sharekhan NBFC Arm to Expand Lending Platform Consolidation Brings Lending Operations Under One Entity Mirae Asset Financial Services, a non banking financial company, has completed its merger with Mirae Asset Sharekhan Financial Services...

Wipro Shares in Focus After Multi Year Deal with TruStage to Transform Retirement Services Operations Shares of Wipro Ltd. are likely to remain in focus on Thursday, March 12, after the IT services company announced a multi year contract with US based insurance and financial services provider...

Jio Financial Services Shares Rise After Motilal Oswal Initiates Coverage With Buy Rating Brokerage Sees Over 35% Upside Potential Shares of Jio Financial Services Ltd. moved higher on Wednesday, March 11, after brokerage firm Motilal Oswal initiated coverage on the stock with a bullish outlook...

Indian Stock Market Opens Lower Amid Geopolitical Tensions; Midcap and Smallcap Stocks Outperform Benchmark Indices Trade Slightly Lower in Early Session Indian equity markets opened on a cautious note on Wednesday as investors remained watchful of geopolitical developments linked to the ongoing...

Innovision IPO Opens March 10: Price Band Set at ₹521 to ₹548 Per Share Innovision, a Gurgaon based provider of manpower services and toll plaza management, has announced the price band for its upcoming initial public offering. The IPO will open for subscription on March 10 and close on March...

Block, Inc. to Cut Over 4,000 Jobs as AI Push Fuels 25% Stock Surge Block, Inc., the financial services company co-founded by Jack Dorsey, announced on Thursday, February 26, that it will lay off more than 4,000 employees, reducing nearly half of its workforce. Following the announcement, the...

PhonePe Reports 56% Revenue CAGR in FY23 to FY25, Losses Narrow Sharply Ahead of IPO Revenue Growth Signals Strong Monetization Shift Digital payments major PhonePe has reported robust revenue growth and a sharp reduction in losses over the past three fiscal years, reflecting a decisive shift...

Foreign Portfolio Investors Boost Indian Equities as February Inflows Top Domestic Buying Foreign inflows into Indian equities are gathering momentum, with overseas investors outpacing domestic institutions in February for the first time in 17 months. The renewed interest comes amid signs of...