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IFC lends $150 million to SBI to support 8.6 lakh rural women borrowers

New Delhi, Oct. 26 -- The International Finance Corporation (IFC) has extended a $150 million social loan to State Bank of India, its first-ever credit line to a public-sector bank, in a move that is ... Read More


AM/NS supplies entire specialised steel for INS Mangrol

New Delhi, Oct. 26 -- ArcelorMittal Nippon Steel India has supplied the entire specialised steel for INS Mangrol, the Indian Navy's third Mahe-class Anti-Submarine Warfare Shallow Water Craft. AM/NS ... Read More


Secure banking system needs secure digital infrastructure, says PM Modi

New Delhi, Oct. 25 -- Asecure banking system needs secure digital infrastructure supported by robust data centres and powerful computing systems, said Prime Minister Narendra Modi. In this regard, Mo... Read More


Brokerage profits grow in September quarter despite slowdown in market activity

New Delhi, Oct. 25 -- Brokerage firms reported strong year-on-year profit growth in the September quarter despite a slowdown in market activity, as higher contributions from margin funding and other b... Read More


HDFC Bankintroduces electric car loan, offeringdifferential loan proportions for the body and battery of the EV

New Delhi, Oct. 25 -- HDFC Bankhas launched a flexi (green) electric car loan, offeringdifferential loan proportions for the body and battery of the Electric Vehicle(EV). "The battery loan can be rep... Read More


IDFC First Bank's Q2FY27 net profit zooms 197% to Rs.1,045 crore

New Delhi, Oct. 24 -- IDFC First Bank's second quarter (Q2FY27) standalone net profit soared 197 per cent year-on-year (y-o-y) to Rs.1,045 crore on the back of healthy growth in net interest income an... Read More


Utssav CZ Gold Jewels to issue 1:1 bonus shares

New Delhi, Oct. 24 -- Utssav CZ Gold Jewels, a leading manufacturer, wholesaler and exporter of lightweight cubic zirconia (CZ) and gold casting jewellery, has approved a proposal to issue bonus share... Read More


Civil society group raises concerns over composition of expert committee on UCPMP

New Delhi, Oct. 24 -- A day after the Centre announced its three-member committee to look into the ethical code on pharmaceutical marketing, the Working Group on Access to Medicines and Treatments has... Read More


SEBI proposes automatic approval route for exchanges, depositories' investments

New Delhi, Oct. 23 -- The Securities and Exchange Board of India (SEBI) has proposed allowing stock exchanges and depositories to undertake certain related activities and deploy funds without seeking ... Read More


Welspun Corp bags Rs.5,500-crore US pipeline order, global order book hits record $5.25 billion

New Delhi, Oct. 23 -- Welspun Tubular LLC, the US subsidiary of Welspun Corp, has secured a fresh order worth approximately Rs.5,500 crore to supply coated line pipes for a Permian natural gas pipelin... Read More