Banking & Finance

Several taxation related measures extended, says Rane The Government has taken a number initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic. Minister for Micro, Small...

Grade A developers: about 75% of the total lending is safe At least 67%, or approx. US$67 billion, of the total loan advances of US$100 billion to the Indian real estate by banks, NBFCs and HFCs is currently completely stress-free,...

Acquisition means further investment in technology for students Backed by General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake, Tiger Global and other notable investors, BYJU’S, the global leader in personalized online learning with 100 million students on its...

Khosla builds AI-enabled credit engine Capital Trust Limited (BSE: 511505) (NSE: CAPTRUST), a digitally enabled non-banking finance company (NBFC) specialising in providing income generating micro business loans in tier 3-5 regions, is playing a vital role of being a catalyst...

Kumar to build the world's largest digital skilling company Blackstone has entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions Pvt Ltd, a leading online learning 'bootcamp' founded in Bengaluru and offering digital skills training and...

ECLGS sanctions Rs.2.73 lakh crore The Government of India has announced Fund of Funds with the nomenclature Self Reliant India (SRI) Fund to infuse Rs.50,000 crore as equity funding in those MSMEs which have the potential and viability to grow...

Mayfield Fund and Khosla Ventures among DevRev investors Indian origin-startup DevRev, a new business software company focused on bringing developers closer to customers and revenue out of Palo Alto, California, has launched a US$50 million seed funding to work with...

Coimbatore group's strategy to be a strong player in the BFSI segment KG Information Systems Private Limited (KGiSL), a global IT Products, Solutions and Services provider from Coimbatore, Tamil Nadu, has announced the appointment of three banking leaders to support...

The sheer complexity of cyber threats is impossible to manage, says Gayal Securonix, Inc., a leader in Next-Gen SIEM from Addison, Texas, is to scale PwC India's operations with Cyber Protection Centers and Active Threat Monitoring programs. PwC has selected...

Housing portfolio is likely to remain largely resilient, says ICRA survey A recent ICRA survey of over 65 non-banks finance companies, constituting ~60% of the industry AUM, concluded that their growth expectations have moderated vis-à-vis the expectations six months earlier....