money


NCLAT Issues Notice Over PNB's Plea Against Jet Airways Resolution Plan

Banking - Published date: .

The bank is aggrieved by the reduction in its claim amount by around Rs 202 crore by the Resolution Professional Read more

Google Pay To Allow Users To Open Fixed Deposits On Its Platform

Banking - Published date: .

American tech giant Google has recently partnered with fintech startup Setu to let users open fixed deposits (FDs) throu... Read more

Tech Giant Microsoft Corporation Invests $5 Million In OYO

Banking - Published date: .

Tech giant Microsoft Corporation has invested nearly USD 5 million (about Rs 37 crore) in OYO through the issuance of eq... Read more

Ind-Ra Assigns Barclays India AAA With Stable Outlook

Banking - Published date: .

India Ratings and Research (Ind-Ra) has assigned long-term issuer default rating for Indian branch of Barclays Bank Plc ... Read more

NCLT Dismisses Rolta Promoters' Plea For One-time Settlement

Banking - Published date: .

The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking on... Read more

E-com Giant Amazon May Soon Allow Digital Currency As Payment Mode

Banking - Published date: .

Amazon may allow users to pay in cryptocurrencies like Bitcoin soon as the e-commerce giant is hiring a digital currency... Read more

3one4 Capital To Fully Tie Up Commitment For Over $100 Mn Fund This Quarter

Banking - Published date: .

3one4 Capital, an early stage venture capital firm that primarily invests in tech companies -- expects to fully tie up c... Read more

Insolvency Law Changing The Way Society Perceives Biz Failures, Says Sahoo

Banking - Published date: .

Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives ... Read more

NCLT Initiates Insolvency Proceedings Against Ahluwalia Contracts

Banking - Published date: .

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm Ahluwalia Contra... Read more

Disbursed Rs 14,572 Crore To Investors Of Six Shuttered Schemes, Says FT

Banking - Published date: .

In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes Read more

Moody's Maintains Negative Outlook On Adani Transmission

Banking - Published date: .

Moody's Investors Service on Friday affirmed an investment grade rating of Baa3 with negative outlook on senior secured ... Read more

Richard Verma Appointed As Mastercard's Head Of Global Public Policy

Banking - Published date: .

Former US Ambassador to India Richard Verma has been appointed as General Counsel and Head of Global Public Policy of Ma... Read more

Franklin Templeton Unitholders To Get Rs 2,962 Cr In Second Tranche

Banking - Published date: .

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,962 crore to unitholders of Franklin Templeton Mu... Read more

SBI Card Sees Over 50% Transaction From Online Payments, Says CEO

Banking - Published date: .

SBI Card has been seeing over 50% of its transactions via online payments such as on groceries, insurance premium, and h... Read more

Reliance Home Finance Defaults On Rs 40 Cr Loan Repayment To P&S Bank

Banking - Published date: .

Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Ba... Read more

ICICI Prudential Life Raises Rs 1,200 Crore Through Maiden NCD Sale

Banking - Published date: .

Leading private sector life insurer ICICI Prudential Life on Friday raised Rs 1,200 crore in debt capital through the sa... Read more

Will Recover Money From LVB, Officials Won't Be Pardoned: Religare Chief

Banking - Published date: .

Religare Enterprises has said its NBFC arm Religare Finvest will be able to fully recover its fixed deposits, with an in... Read more

LIC, GIC, New India Assurance Systemically Important Insurers: IRDAI

Banking - Published date: .

The three insurers have also been asked to raise the level of corporate governance, identify all relevant risks and prom... Read more

PropShare Capital Launches Second Distressed Assets Fund Worth Rs 100 Cr

Banking - Published date: .

Commercial real estate investment platform PropShare Capital on Friday launched its second distressed assets fund since ... Read more

Suspension Of Some IBC Provisions Aimed At Rescuing Viable Companies: Sahoo

Banking - Published date: .

IBBI said that some IBC provisions were suspended due to the Covid-19 situation and there is no complete ban or prohibit... Read more