Banking & Finance

Kirana King very promising for early-stage investors Jaipur-based Kirana King, a Unit of Kirana King Retail Network Pvt Limited raised Rs.7 crore from Rajasthan Venture Capital Fund (RVCF) in a Pre-Series A round for increasing its retail network to 1,000...

Industry body seeks win-win solution for industries Confederation of Indian Industry (CII) has urged the government to explore an Emergency Loan Credit Guarantee Scheme (ECLGS) to support the resource-starved stressed sectors. CII has recommended this intervention to assist the stressed...

BOC says working closely with leading airlines BOC Aviation Limited has delivered the first of four new Airbus A321NEO aircraft for lease to IndiGo, India’s largest passenger airline. The aircraft will be powered by CFM Leap engines. “We are very...

PIF investment demonstrates generating returns for the Saudi people The Public Investment Fund (PIF) will invest Rs.9,555 crore (approximately US$1.3 billion) for an equity stake of 2.04% in Reliance Retail Ventures Ltd (RRVL), further strengthen the Saudi investor’s presence in...

AWS Hyderabad Region for more developers, startups, and enterprises Amazon Web Services, Inc. (AWS), is expanding its services to include a second infrastructure region in India by mid-2022 which will benefit ERP customers in the Indian market. The new AWS...

India reforms are structural in nature and not cosmetic. The Indian Ambassador to France Jawed Ashraf said the strategic relationship between India and France is growing rapidly and the bilateral cooperation has touched across every field of national endeavour, including...

Digital models will drive the 'Phygital' kiranas, says report Indian retail economy is on a strong growth path to reach US$1.3 trillion in the next 5 years, says a report by ResearchAndMarkets.com, which has assessed 13 million Kiranas that form...

MFI challenges to continue in the near term The microfinance industry would require an external capital of Rs.8,500-Rs.10,000 crore (30-35% of the closing net worth as of 31 March 2020) for growing at a rate of 15-20% pa over the...

Banks to benefit from custom-defined workflows ACI Fraud Management in the cloud would enable Indian banks to protect the rapidly growing number of Unified Payments Interface (UPI) transactions across the region, said ACI Worldwide (NASDAQ: ACIW), a leading global provider...

Seattle-origin hospital group sells Indian assets Manipal Hospitals, one of India’s largest multi-specialty healthcare providers, has announced its intent to acquire a 100% stake in Seattle-origin Columbia Asia Hospitals Private Limited, one of the first healthcare companies to enter India...