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RBI tightens forex derivatives framework to ensure orderly functioning of market

New Delhi, Oct. 10 -- The Reserve Bank of India (RBI) on Saturday announced a host of restrictive measures relating specifically to foreign exchange (forex) derivatives contracts even as it openeda sp... Read More


Krasha Financial Services to launch litigation finance platform

New Delhi, Oct. 9 -- Krasha Financial Services, a private market firm, plans to launch an India-focused litigation finance platform in the fourth quarter of FY27, seeking to channel institutional priv... Read More


Fragmented government data undermines India's AI ambitions: Report

New Delhi, Oct. 9 -- Fragmented government data across departments and states is hampering public-service delivery and could undermine India's artificial intelligence (AI) ambitions, requiring states ... Read More


Liquidity surplus: RBI increases minimum daily maintenance of CRR

New Delhi, Oct. 9 -- With liquidity continuing to be in surplus despite RBI conducting variable rate reverse repo (VRRR) auction and open market operation sale of government securities to suck it out,... Read More


Poonawalla Fincorp's net profit soars five times to Rs.375 cr in Q2FY27

New Delhi, Oct. 9 -- Poonawalla Fincorp Ltd (PFL) net profit shot up about five times in the second quarter (Q2FY27) to Rs.375 crore, against Rs.74 crore in the year-ago period on the back of healthy ... Read More


Rupee may face headwindsfroma robust US dollar, elevated import cost: RBI's MPR

New Delhi, Oct. 9 -- The rupee may face headwindsfroma robust US dollar, elevated import cost, volatile capital inflows and rise in trade policy uncertainties, cautioned the RBI's latest Monetary Poli... Read More


ShriramFinance ups FD rates by up to 40 basis points

New Delhi, Oct. 9 -- ShriramFinance Ltd(SFL)has decided to up interestratesonFixedDeposits(FDs)up to Rs.10 crore acrossvariousmaturitybuckets by up to 40 basis points with effect from October 11thin t... Read More


Axis AMC enters SIF space with 'Accelerate SIF' launch

New Delhi, Oct. 9 -- Axis Asset Management Company (AMC) on Friday announced its entry into the specialised investment fund (SIF) category, launching a dedicated business unit called 'Accelerate SIF' ... Read More


Ravita Engineering Services to raise Rs.116 crore through IPO on NSE Emerge

New Delhi, Oct. 9 -- Ravita Engineering Services, an EPIC (Engineering, Procurement, Installation, and Commissioning) and O&M (Operations and Maintenance) solutions for HVAC (Heating, Ventilation,... Read More


Vaibhav Vyapaar plans to raise Rs.42 crore via IPO on NSE Emerge

New Delhi, Oct. 9 -- Vaibhav Vyapaar, an RBI-registered non-banking financial company engaged in digital personal lending, plans to raise Rs.42 crore through initial public offering on NSE Emerge. Th... Read More