Banking & Finance

Project to introduce high-level RRTS technologies The Asian Development Bank (ADB) has signed a US$500 million loan, the first tranche of a total US$1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that...

SBI protects payments and mitigates fraud NASDAQ-listed ACI Worldwide has modernized payments infrastructure for ATM and point-of-sale (POS) at State Bank of India (SBI), the country's largest bank with more than 440 million account holders. SBI is India's largest public...

Project to develop reliable, resilient and safe roads The World Bank has signed a US$82 million loan for the implementation of the Himachal Pradesh State Roads Transformation Project for improving the condition, safety, resilience, and engineering standards of the state...

Bangalore FinTech helps banks digitize Bangalore's i-exceed, a leading global player for rapid digital banking transformation, has powered 'MEasy', a fully digital on-boarding solution for Bangladesh-based Mutual Trust Bank (MTB). Appzillon, a unique combination of a low-code digital experience platform...

Straight Gate part of the deal The Competition Commission of India (CCI) has approved the acquisition of Helsinki-headquartered Metso Oyj’s minerals business including capital equipment in India by Outotec Oyj, also from Helsinki, under Section 31(1) of the Competition Act,...

JICA’s Rs.70cr grant for medical equipment The Japanese government has extended a loan of Rs.3,500 crore for COVID-19 Crisis Emergency Response Support and a grant of Rs.70 crore for providing medical equipment to India. The Govt. of Japan has committed...

Milestone for the Indian bullion and jewelry traders Kundan Care Products Ltd, one of India’s largest gold refineries, has been selected as a bullion gold bar provider for settlement of the future gold contracts traded on the NSE’s (National Stock...

The Dialogue covered green finance instruments The Department of Economic Affairs (DEA) in collaboration with the United Nations Development Programme India (UNDP) has launched the Sustainable Finance Collaborative on 26th August 2020. The consultation was held on 26-28 August over...

Acquisition to enhance DevOps competencies of Cloud4C Cloud4C, World's leading Cloud Managed Services Provider with presence in 26 countries and 52 locations globally has announced the acquisition of a majority stake in Shell ITES Solutions Pvt Ltd that specializes in...

Partnership to provide cost efficiencies Wipro Limited has announced a partnership with industry-leading Standard Initial Margin Model (SIMM) vendor, Quaternion Risk Management of Dublin, offering SIMM-in-a-box to financial institutions covered under Uncleared Margin Rules (UMR). The offering will allow financial...