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...

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...

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...

“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...

Finance Ministry of India denies sharing details of Swiss Bank account holders

The Finance Ministry has declined to share Swiss bank accounts details of Indians saying it is covered under "confidentiality provisions" of a tax treaty...

Finance Minister Nirmala Sitharaman introduces "Insolvency and Bankruptcy code" bill in Lok Sabha

Finance Minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy...

Sitaram Yechury: Narendra Modi Government must bring a white paper on the status of Indian economy

CPI(M) general secretary Sitaram Yechury on Wednesday demanded that the government bring out a white paper on the status of the economy referring to...

Bank Of England keeps its interest rate at 0.75%, alters UK growth forecasts at 1.4% for 2019

The Bank of England (BoE) has left its main interest rate at 0.75 percent, it said on November 7 after a regular meeting and...

IMF Chief Kristalina Georgieva says, “Global debt surges record-high to $188 trillion”

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva...

India, US optimistic about inking trade deal before year-end: Senior Indian Diplomat

India and the US are “quite optimistic” that they will ink a trade deal before the end of this year, a senior Indian diplomat...

Experts: OECD proposal on taxing MNEs will benefit countries like India

The OECD's proposal for taxing multinational enterprises (MNEs), including digital companies, based on consumer-facing activities or markets instead of their physical presence, would benefit...

World Bank slashes India’s growth forecast to 6 percent, Warns “Severe” Slowdown

The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6 percent, down from 7.5 percent, warning that the...

DHFL proposes draft resolution plan to convert debt to equity

India's crisis-hit shadow bank Dewan Housing Finance (DHFL) has submitted a draft resolution plan proposing to convert debt to equity while seeking to sell...

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