financial services

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...

Bengaluru-Based Startup Targets Enterprise Expansion and Go-To-Market Partnerships Mumbai, February 24: Kris@Work, a Bengaluru-based startup, on Tuesday announced that it has secured $3 million in seed funding to accelerate its expansion plans, strengthen business partnerships, and deepen...

New Delhi, February 23: Nearly 70 per cent of jobs in India are now based outside major metropolitan areas, with Tier-3 cities emerging as the largest employment hubs, according to a new report released on Monday by staffing firm Quess Corp.The study highlights a significant decentralization...

Mumbai, February 23: Bharti Airtel on Monday announced plans to invest ₹20,000 crore over the next few years to scale up its digital lending operations through its Non Banking Financial Company subsidiary, Airtel Money Limited.The capital infusion signals a major push by the telecom major into...

Corporate India is projected to offer an average salary increase of 9.1 per cent in 2026, with Global Capability Centres emerging as the top paymasters, according to the latest “Future of Pay” report by EY India released on Monday.The report signals sustained optimism in compensation trends...

New Delhi, February 22 State Bank of India has outlined an ambitious roadmap to expand its green financing portfolio, setting a target to raise green advances to between 7.5 percent and 10 percent of its total advances by 2030. Of this, 25 percent is expected to be funded through green lines of...

New Delhi, February 17: AU Small Finance Bank on Tuesday announced the launch of its dedicated gold loan branch network, marking a significant step in its broader nationwide expansion strategy in secured retail lending.The move signals the bank’s intent to deepen its footprint in the gold loan...

New Delhi, February 17: Infosys on Tuesday announced a strategic partnership with US-based AI firm Anthropic to co-develop and deploy advanced enterprise AI solutions across telecommunications, financial services, manufacturing, and software development.The collaboration brings together...

Fund Closes at Hard Cap, Marks Largest Private Equity Raise in Firm’s History Mumbai, February 16 Motilal Oswal Alternates announced that it has raised ₹8,500 crore from private equity investors, with the capital set to be deployed as growth funding across companies.The fund, titled India...