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RIL to restructure and upscale its financial services business as Jio Financial Services Ltd-thumnail

RIL to restructure and upscale its financial services business as Jio Financial Services Ltd

RSIL(to be renamed Jio Financial Services Ltd.) is currently a wholly-owned subsidiary of RIL and is a Reserve Bank of India-registered non-deposit-taking systemically important (ND-SI) non-banking financial company. The board

Finance

Oct 22, 2022

Govt. eyes $7.7 billion valuation for IDBI bank in the proposed stake sale-thumnail

Govt. eyes $7.7 billion valuation for IDBI bank in the proposed stake sale

The valuation target means the administration is seeking a premium of roughly 33%, based on IDBI Bank’s market value of about $5.8 billion as of Thursday. Govt is pushing for

BFSI

Oct 21, 2022

Tracxn technologies jump 25% against the issue price on listing day-thumnail

Tracxn technologies jump 25% against the issue price on listing day

Tracxn is one of the leading global market intelligence providers for private company data and as per F&S, ranks among the top five players globally in terms of number of

Finance

Oct 20, 2022

<strong>UCO bank and YES bank partners with Russian banks to facilitate international trade in rupees.</strong>-thumnail

UCO bank and YES bank partners with Russian banks to facilitate international trade in rupees.

Under the mechanism, all exports and imports may be denominated and invoiced in rupees, with the exchange rate between the currencies of the two trading partner countries to be market

Finance

Oct 20, 2022

The UAE is trying to withhold technical corporations with special visas by Financing-thumnail

The UAE is trying to withhold technical corporations with special visas by Financing

Companies engaged in food, technology, and blockchain are being encouraged to establish their headquarters in the Middle East. The United Arab Emirates (UAE) seeks to tempt high-tech companies from the

Finance

Oct 20, 2022

ITC invests in Mother Sparsh in order to raise 100 crore-thumnail

ITC invests in Mother Sparsh in order to raise 100 crore

Mother Sparsh intends to raise around Rs 100 billion in Series B funding, while ITC Ltd is already investing Rs 13.5 million. Mother Sparsh plans to significantly expand its portfolio

Finance

Oct 19, 2022

<strong>Electronic Mart India makes a strong market debut; listed at 53% premium over IPO price.</strong>-thumnail

Electronic Mart India makes a strong market debut; listed at 53% premium over IPO price.

EMIL is the fourth largest and one of the fastest-growing consumer durables and electronics retailers in India. EMIL is the largest regional organized player in the southern region in revenue

Finance

Oct 17, 2022

<strong>HDFC life Insurance concludes the merger with Exide Life.</strong>-thumnail

HDFC life Insurance concludes the merger with Exide Life.

HDFC Life had acquired 100% stake in Exide Life Insurance Company from its parent Exide Industries for ₹6,687 crores. HDFC Life Insurance has concluded the merger of Exide Life, marking

Finance

Oct 15, 2022

<strong>Fintech startup Mobikwik raises $6.7Mn in debt from Blocksoil and Karnation; updates ESOP policy.</strong>-thumnail

Fintech startup Mobikwik raises $6.7Mn in debt from Blocksoil and Karnation; updates ESOP policy.

The regulatory filings also show that MobiKwik has updated its ESOP 2014 policy, specifically regarding the time frame within which employees can execute the options in the event of termination

Finance

Oct 15, 2022

India is a stand-out performer against other countries-thumnail

India is a stand-out performer against other countries

Nirmala Sitharaman expressed India’s GDP growth for Q1 of the current financial year 2022-23 at 13.5% on a year-on-year basis the most elevated among the enormous economies. India’s economy contracted

Digital Transformation

Oct 15, 2022

The global recession will be problematic for the Indian economy-thumnail

The global recession will be problematic for the Indian economy

The global recession is skeptical for India as compared to other countries. State Bank of India Chairman Dinesh Khara on Friday, expressed that, “The impact of the global recession is

Finance

Oct 15, 2022

IMF reduces India’s growth forecast to 6.8% from earlier projection of 7.4%-thumnail

IMF reduces India’s growth forecast to 6.8% from earlier projection of 7.4%

Most other agencies, too, have been lowering their India forecast in recent weeks. The Reserve Bank of India also recently cut its projection modestly from 7.2 percent to 7 percent.

Finance

Oct 13, 2022


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