Banking & Finance

Proved: IT prowess in payments The Government has revolutionized the technology driven Public Finance Management System (PFMS) that has silently empowered India to be accountable, responsive and transparent. Finance Minister Nirmala Sitharaman disclosed this at the inaugural session at the...

GIC Re to elevate growth AM Best of the United States has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of General Insurance Corporation...

Brazil, Russia and South Africa trail in borrowings India and China have each taken 28% of the US$15.2 billion loans given by the Shanghai-headquartered New Development Bank (NDB) as of 15 Jan 2020, said S&P Global Ratings on 28 Feb...

First renewable energy IPP to issue Green Bond Vena Energy, one of Asia-Pacific’s leading independent power producers (IPP) and pure renewable energy company with interest in India, has announced the successful issuance of a benchmark US$325 million, 5-year 3.133% fixed...

Banks showcase tech-enabled services Nirmala Sitharaman has unveiled EASE 3.0 (Enhanced Access and Service Excellence) as the Public Sector Bank (PSB) Reforms Agenda 2020-21 for smart, tech-enabled banking, and the PSB EASE Reforms Annual Report 2019-20 in Delhi on 26...

Supported by Heavyweight and Angel funds Hasura, the San Francisco and Bangalore-based company providing data access and data flow tools and services via GraphQL APIs, has raised US$9.9 million in Series A funding led by Vertex Ventures US. The round...

Technologies can help detecting frauds One of the challenges for policy makers, especially in countries like India, is to ensure that new innovations in banking sector serve the customer by reducing the cost of financial services and enhancing the range...

NTPC acquires 74.5% stake The Competition Commission of India (CCI) approves the acquisition of 74.50% of the issued and paid-up share capital of THDC India Limited by NTPC Limited from Government of India (GoI), under Section 31(1) of the Competition...

NEEPCO strengthen presence in North East The Competition Commission of India (CCI) has approved the acquisition of 100% of the issued and paid-up share capital of North Eastern Electric Power Corporation (NEEPCO) by NTPC Limited from Government of India (GoI),...

Export markets: US, Nepal and Sri Lanka The Indian agricultural machinery market is expected to reach Rs.901.41 billion by 2024, expanding at a CAGR of ~10.7% during the 2019-2024 period. It was valued at Rs.498.04 billion in 2018. The industry...