Paytm to facilitate digital payments for LIC India, after linkup with another payment doorway earlier, the insurance colossal has sought a fresh contract as most of its payments shift to digital modes. The new contract necessitates...

Due to the extreme second wave of Covid-19, the Finance Industry Development Council (FIDC) has urged the Reserve Bank of India (RBI) to extend the one-time restructuring scheme for loans to MSMEs until March next year. The RBI had, on February...

Future Retail's debt reduction strategy has been approved by banks, with loan repayments being extended for up to two years. “Repayment of short-term loans, term loans, NCDs, overdue working capital loans (converted into working...

Two influential US lawmakers have applauded the Indian government's strategic move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and...

The initial public offering (IPO) of realty major Macrotech Developers Ltd, which was formerly called Lodha Developers, is set to debut on the bourses on Monday. The public issue which is worth ₹2,500 crore, opened on April 7 for two days, was...

The Reserve Bank of India (RBI) sets up a new Regulations Review Authority (RRA 2.0) for a period of one year to review the regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities and other stakeholders on...

The new board of Infrastructure Leasing and Financial Services (IL&FS) on Thursday revised their aggregate debt recovery estimate by the group to Rs 61,000 crore, or about 62 per cent of the overall debt of over Rs 99,000 crore as of October...

Citibank today said that they will exit the consumer banking businesses in 13 markets including India as part of a restructuring plan to focus only on four wealth centers in Asia. “Citi will focus its Global Consumer Bank presence in Asia...

Despite the uncertainty due to the Covid-19 pandemic, fundraising through public equity and debt markets surged in 2020-21, the Finance Ministry said in a statement Wednesday. Funds raised by companies through public and rights issues surged 115...

GE Power India's board on Wednesday permitted the attainment of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. "Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved...