Banking & Finance

Mobile app for Spot Survey Japan-linked Universal Sompo General Insurance Co Ltd has formed a partnership with Tata Motors Insurance Broking & Advisory Services Ltd for insuring vehicles through the network of Tata Motor Dealers The partnership will provide customers...

Saraf calls on the Government to ensure liquidity Despite the pandemic, Indian exporters have started receiving a lot of enquiries and orders from across the globe helping many sectors to show improved export performance, which is likely to get better...

Industry to report losses at a consolidated level The growth in assets under management (AUM) of domestic small finance banks (SFBs) is projected to more than halve to 10-15% for FY2021 as compared to growth of 30% in FY2020, according...

More Indians using mobile banking Usage of digital banking and contactless payments has surged during the COVID-19 pandemic as Indian consumers are opting for digital and contact-free payment experiences instead of using cash, according to a report by FIS® (NYSE:...

Veteran to extend expertise to global markets Indian-origin Ravi Raju has been given the responsibility to expand Nomura’s Wealth Management business in Asia ex-Japan as the firm taps into the growing ranks of wealthy individuals in the region. Announcing Raju’s...

Focus on growth and value stocks Invesco Mutual Fund has launched Invesco India Focused 20 Equity Fund to generate capital appreciation by investing in up to 20 stocks with a flexibility to move across the market capitalization range. Subscription to...

India Inc continues to remain under pressure Based on the consumption and industrial trends, a large number of sectors have been reporting a gradual recovery to the pre-COVID levels, according to a report by ICRA Ltd. Many sectors have recovered...

Security solutions needed financial services BSE, formerly known as the Bombay Stock Exchange, has selected California’s Keysight’s network visibility solutions to provide a resilient, high availability inline architecture for monitoring and securing its financial trading networks. BSE needed to increase...

InvIT offers investment opportunities In a path-breaking reform, the Cabinet Committee on Economic Affairs (CCEA) has approved monetisation of POWERGRID assets worth more than Rs.70,000 crore through an Infrastructure Investment Trust (InvIT) model. This is the first time any PSU...

Neem-coated urea plants due for completion by 2021 The Indian Government has approved a grant of Interest-Free Loan of Rs.1,257.82 crore to Hindustan Urvarak & Rasayan Limited (HURL) to start commercial production of neem coated urea at Gorakhpur, Barauni and...