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Muthoot Finance partners with Kotak Mahindra General Insurance to offer complimentary COVID-19 insurance to its gold loan customers

Leading private lender Muthoot Finance Limited has announced its partnership with Kotak Mahindra General Insurance to offer complimentary COVID-19 insurance cover for its gold...

Universal Sompo General Insurance partners with BSE Ebix

General Insurance company Universal Sompo General Insurance on August 15th, 2020, announced its partnership with BSE Ebix Insurance Broking Private Limited (BSE Ebix) to...

U GRO Capital secures over Rs 400 crore, AUM for Q1 FY21 stands at Rs 847.4 crore

India-based fintech platform U GRO Capital has announced that "It has raised almost Rs 400 crore through non-convertible debentures (NCDs), term loans and commercial...

Interview: DCI CEO Venkatesh C.R. says, “Digital service business to remain as the brightest industry in the Indian marketplace”

In a conversation with the TechGraph editorial team, Venkatesh C.R., CEO of Dot Com Infoway, said: “I think digital service business will remain as...

Indian Bank cuts interest rates on gold loans for Farmers

India leading public sector lender, Indian Bank has said, "With effect from July 22, 2020, Agricultural Jewel Loans are sanctioned at 7 percent fixed....

Yandex completes the reorganization of Yandex.Money and Yandex.Market with Sberbank

Russian tech giant Yandex has announced that they have completed the reorganization of their joint venture Yandex.Market and Yandex.Money with Sberbank. In a filing with...

Interview: Muthoot Finance Dy MD Alexander George says, “Monthly customer transactions double to 8.25 lakh”

In an interview with TechGraph, Alexander George Muthoot - Deputy Managing Director of Muthoot Finance, said: "We have witnessed doubling of monthly customer transactions...

L&T Technology Services to acquire Texas based Orchestra Technology for $25 mn

India based engineering services company L&T Technology Services Limited (LTTS) has announced its plan to acquire Texas-based Orchestra Technology for $25 million. In a regulatory...

Tata Power bags order to develop 225 MW hybrid renewable power project

India based power utility company Tata Power on Thursday said, "It's subsidiary Tata Power Green Energy Limited (TPGEL), has received an LOA from Tata...

NSE: Zero transaction charges on commodity derivatives

India's leading stock exchange National Stock Exchange (NSE) has announced its plans to extend the zero transaction charge for trades done in the commodity...

RIL AGM: Google to invest Rs 33,737 crore in Jio platforms

Reliance Industries on Wednesday said, "Google will be investing Rs 33,737 crore for a 7.7 percent stake in Jio Platforms Limited." Speaking at the Reliance...

Apollo Tyres announces job cuts at Netherlands plant

Tyre manufacturing company Apollo Tyres has announced its plan to convert its Netherlands-based plant to convert the facility to cater to some specific segments. In...

Reliance Industries launches Chatbot for shareholders

In a bid to provide accurate information to the general public, shareholders, and others during the Annual General Meeting (AGM), Reliance Industries on Monday...

HDFC Ltd in Rs 45,000 crore cash hunt

Private sector lender, Housing Development Finance Corporation Ltd (HDFC Ltd) on Monday said, "It is planning to raise up to Rs 45,000 crore through...

Interview: Finolutions Wealthcare founder Apoorva Vora says, “There is no substitute for ‘being in touch’ in tough times”

When it comes to a B2B consulting firm that is working towards helping wealth managers to maximize their understanding and due diligence of the...

Interview: Vested Finance Co-founder Viram Shah says, “India deserves better access to global investment opportunities”

In a conversation with the TechGraph editorial team, Viram Shah, Co-founder & CEO of Vested Finance, said: "We use global brands such as Nike,...

Yes Bank Board approves fundraising plan through FPO

Private sector lender, Yes Bank on Tuesday announced that "Its board has approved the plan to raise funds through a further public offering (FPO)." In...

Torrent Power raises Rs 300 crore through NCDs

Torrent Power has raised Rs 300 crore through issuance of non-convertible debentures on a private basis. In a filing with the stock exchange, Torrent Power...

RPP Infra Projects secures two orders worth of Rs 66 crore

Tamil Nadu based developer RPP Infra Projects on Monday said, "It has secured two new orders worth of Rs 66 crores." In a filing with...

HDFC Bank records 25% increase in deposits at Rs 11,895 crore

An India-based private lender, HDFC Bank on Sunday, recorded an increase of 25 percent in its Q1 FY21 deposit at Rs 11,895 crore as...

Insolvency plea filed against IL&FS transportation’s Spanish arm ‘Elsamex SAU’

Mumbai based IL&FS Transportation on 3rd July said, "One of the lenders of its Spain-based subsidiary Elsamex SAU, has filed for insolvency." In a filing...

Muthoot Finance plans for a stock split

Muthoot Finance on Friday said, "It is planning to consider a sub-division/stock split of equity shares." In a filing with the stock exchange, the company...

Axis Bank to suspend UK subsidiary

Leading private sector bank, Axis Bank on Thursday announced its plan to shut down its UK subsidiary. In a filing with the exchange, the bank...

Tata Power Board approves to raise Rs 2,600 crore from its promoters

Leaders in Power Utility company, Tata Power on Thursday said, "Its board has approved a proposal to raise Rs 2,600 crore through issuance of...

JSPL to divest 100 percent stake of Oman-based subsidiary for $1 billion

Jindal Steel and Power Ltd (JSPL) has announced plans to sell its Oman-based subsidiary for over $1 billion (approx Rs 7,500 crore). In a statement...

Bank of Baroda to raise Rs 2,000 crore through bonds

Leading public sector lender, Bank of Baroda (BoB) has announced its plan to raise Rs 2,000 crore through issuance of bonds. In a filing with...

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Indian Bank board approves plan to raise Rs 5,000 crore via bond

India's leading public sector bank, India Bank on Monday said, "It plans to raise about Rs 5,000 crore through issuance of bonds." In a filing...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

U GRO Capital launches end-to-end lending platform ‘Sanjeevani’ to help 500,000 MSMEs

In a bid to help the pandemic hit MSMEs, U GRO Capital, a Mumbai-based fintech company, on Saturday announced the launch of "Its end-to-end...

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