Banking & Finance

P. S. Reddy has taken charge as the Managing Director and Chief Executive Officer (MD & CEO) of Multi Commodity Exchange of India Ltd. (MCX), and as a Director on the Board.

Large foreign investments, including from cash-rich the Non-Resident Indians, is expected to flow into the International Financial Services Centre in which the Reserve Bank of India is allowing non-resident individuals to participate.

Wipro Limited in partnership with New York's R3, the enterprise blockchain software firm, has developed a blockchain-based solution prototype to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in...

The Goods and Services Tax (GST) regime in India will not significantly reduce the deficits of Indian state governments, according to a report by S&P Global Ratings.

The Indian diaspora has called for setting up of Indian banks and improve credit lines as New Delhi explores avenues for expanding trade with the African region.

Global payment company, Mastercard, plans to invest additional US$1 billion in the Indian market, nearly a third of which will be for a payments processing node that would be linked to its global network.

Ratan Tata, Chairman Emeritus of Tata Sons, has invested in Ola Electric Mobility Pvt Ltd’s Series A round of funding, said the electric car company on 6 May 2019.

Singapore’s DBS Group expects offshore remittances to remain a key source of support for India’s external balance, even as its pace of growth remains vulnerable to gyrations in global growth trends or other exogenous factors.

Delhi International Airport Ltd’s (DIAL) capital expenditure of Rs.100 billion over three years will put pressure on financials but there may be upside to existing cash flow should control-period 3 tariff be higher than base airport charges or rental income...

India Grid Trust (IndiGrid or the InvIT), India’s leading infrastructure investment trust, has closed a preference unit issuance worth Rs.2,514 crores (US$363 million) with plans to acquire more assets in India.