Category: Business and Finance

National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year. In a written reply to the Lok Sabha, the minister of state for corporate affairs, Anurag Thakur, also said that during the … Read more

Guwahati, 24th March 2021: Dvara KGFS, a NBFC operating in deep rural pockets of India, announced that they have raised 8 Million Euros from leading European social impact funds, Invest In Visions, Germany (IIV) and Darlehenskasse Muenster, Luxembourg (DKM) as External Commercial Borrowings (ECB). The company intends to deploy the ECB proceeds … Read more

Prime Minister Narendra Modi on Friday said that his government is determined on increasing the credit flow to businesses to meet the needs of the recovering economy and added that financial products will need to be tailor-made for fintech and startups. Addressing a webinar on the implementation of Budget in … Read more

The rupee appreciated 11 paise to 72.54 against the US dollar in opening trade on Monday supported by sustained foreign fund inflows and weakness of the American currency in the overseas market. At the interbank forex market, the domestic unit opened at 72.58 against the US dollar and inched higher … Read more

Wipro founder chairman Azim Premji on Sunday said that engaging private players will help accelerate India’s vaccination efforts against Covid-19 and bring down vaccine cost. “If the government were to engage private industry quickly, we can be sure of achieving coverage of 500 million people within 60 days. That’s a practicality. I think it … Read more

Punjab National Bank (PNB) will not participate in capital raise plans of housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing. Last year in August, PNB Housing Finance Ltd had informed about its plan to raise … Read more

Bharti Airtel now has the most active subscribers in 14 months as concerns stemming from protests by farmers in northern India affected Reliance Jio Infocomm Ltd.’s customer accretion. The Sunil Mittal-controlled mobile operator added as many as 5.5 million regularly paying users in December over the preceding month, according to … Read more

LIC Housing Finance on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. It said the ”Homy” app facilitated 14,155 customer home loan applications since its launch on February 14. More than 7,300 of these customers have had their … Read more

IBM and Tech Mahindra on Tuesday said they are deepening their collaboration, especially in areas like 5G, hybrid cloud, automation and cybersecurity, as the two tech giants work towards building a billion dollar ecosystem over the next three years. Some of the key initiatives underway include launch of Tech Mahindra’s … Read more

Finance Minister Nirmala Sitharaman on Tuesday explained the government’s priorities to the Reserve Bank of India’s central board during their first meeting after presentation of the Union Budget 2021-22. As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange … Read more