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Tag: Finance
RBI approves the proposed merger of HDFC and HDFC Bank-thumnail

RBI approves the proposed merger of HDFC and HDFC Bank

The HDFC and HDFC Bank merger proposal is still awaiting a number of legal and regulatory approvals. On Monday, HDFC Bank announced that the RBI has approved its parent company

Finance

Jul 5, 2022

Payment banks to request central bank to let them venture into micro-lending-thumnail

Payment banks to request central bank to let them venture into micro-lending

The industry intends to approach the regulator under the aegis of the Payments Council of India (PCI) and request it to let payments banks with a specific track record to

Finance

Jul 4, 2022

SEBI goes hard on conspirators “2015 Dark fibre case”; slaps heavy fines-thumnail

SEBI goes hard on conspirators “2015 Dark fibre case”; slaps heavy fines

It has been alleged that the cabling for NSE’s colo rack was engineered such that Way2Wealth and GKN Securities got the benefit of lower latency, as opposed to other trading

Finance

Jun 30, 2022

<strong>Corporate and finance firms raise record funds through bonds as the quarter draws to a close</strong>-thumnail

Corporate and finance firms raise record funds through bonds as the quarter draws to a close

Finance firms, including Aditya Birla Finance, Bajaj Finance and L&T Finance plan to mop up around Rs 6,000 crore on June 30 through bonds of various maturities. There is a

Finance

Jun 30, 2022

Top 5 Startup Companies To Invest In 2022-thumnail

Top 5 Startup Companies To Invest In 2022

In retrospect, the year 2021 will be recognized as a watershed moment in the Indian startup ecosystem, as well as the frenzy among new-age enterprises to ditch their private brands

Finance

Jun 30, 2022

<strong>Several GST tax rate changes will take effect from 18th july, Bommai panel deferred making any major tax rate changes amidst inflation.</strong>-thumnail

Several GST tax rate changes will take effect from 18th july, Bommai panel deferred making any major tax rate changes amidst inflation.

Sitharaman explained that the proposed GST rate rationalization was required for restoring revenue neutrality in the shift to GST from the previous indirect tax regime five years ago. The Bommai

Finance

Jun 30, 2022

<strong>Cashfree payments eye fresh funding after a gap of 2 years.</strong>-thumnail

Cashfree payments eye fresh funding after a gap of 2 years.

The Mumbai-based company was valued at $200 million in its last round, which took place two year ago. With a yearly growth rate of 100% in its topline, the startup

Finance

Jun 30, 2022

As record equity outflow continues, Dollar shortage worries forex market traders-thumnail

As record equity outflow continues, Dollar shortage worries forex market traders

Traders in India’s foreign-exchange market are bracing for more instances of dollar shortages, as record outflows from the nation’s equities and deteriorating external finances bite. Traders in India’s foreign-exchange market

Finance

Jun 29, 2022

VC fund Bertelsmann India Investments raises $500 million in funding-thumnail

VC fund Bertelsmann India Investments raises $500 million in funding

BII plans to partner with existing top VCs and entrepreneurs to make selective Series A investments – both as lead or follow-on investments and make 3-4 such deals annually. Bertelsmann

Investment & Funding

Jun 29, 2022

Market regulator SEBI slams Aurbindo Pharma over non-disclosure of information about USFDA Audit-thumnail

Market regulator SEBI slams Aurbindo Pharma over non-disclosure of information about USFDA Audit

Aurobindo Pharma Limited is an Indian multinational pharmaceutical manufacturing company headquartered in HITEC City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients. Market regulator Sebi has issued

Finance

Jun 28, 2022

<strong>Vedanta to borrow 4809 crore through 10 year bonds, LIC likely to provide the capital.</strong>-thumnail

Vedanta to borrow 4809 crore through 10 year bonds, LIC likely to provide the capital.

Vedanta is planning to use the proceeds to prepay or repay existing debt and for capital spending. The last time Vedanta raised funds through local currency bonds was in December

News

Jun 28, 2022

<strong>B2B lending </strong><strong>fintech startup Progcap raises $40M as part of Series C, google onboard too.</strong>-thumnail

B2B lending fintech startup Progcap raises $40M as part of Series C, google onboard too.

Founded in 2017 by Pallavi and Himanshu Chandra, the startup provides fast, flexible, and collateral-free loans to small businesses in lower-tier Indian cities, where retailers typically face challenges in accessing

Finance

Jun 28, 2022


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