Topics: Financial News

Nium elevates Pratik Gandhi to Co-Founder

The global payments company, Nium has today elevated its Chief Operating Officer, Pratik Gandhi to co-founder.  Gandhi joined Nium as Chief Business Officer in May...

PCI Applauds RBI’s Bold Step Towards Deepening Financial Inclusion

The Reserve Bank of India (RBI) on Tuesday issued the implementation guidelines for its much awaited scheme on Payments Infrastructure Development Fund (PIDF). According...

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...
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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...

Arvind Fashions revises the plan, Will raise Rs 399 crore through rights

Leaders in textile manufacturing Arvind Fashions on Sunday said, "It has revised the amount of capital it plans to raise through the right of...

Punjab National Bank records net loss at Rs 697 crore in Q4

India-based public lender Punjab National Bank (PNB) has recorded a net loss of Rs 697.20 a crore in the fourth quarter. In a filing with...
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SBI Chairman Rajnish Kumar jibe at pay cut remark: Will have to live on the street

Taking a jibe on the possible pay-cut remark for their leadership teams, State Bank of India (SBI) chairman Rajnish Kumar said, "Road pe aake...

Innovative “Eco-Business Park” To Be Built In Canadian City

The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster...

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...
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“Allowing NBFCs to finance invoices of MSMEs through TReDs will give clear access to the fund,” Says CMA B Mallikarjun Gupta

Speaking on the budget, tabled by Finance Minister Nirmala Sitharaman on Saturday, CMA B Mallikarjun Gupta, Chief Taxologist at Logo Infosoft said that “Fake...
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