Poonawalla Fincorp launches Industry-First 24/7 fully digital business loans for MSMEs
Jun 09, 2025, at 06:07 pm
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, on Monday announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs).
Infosys gets major relief as ₹32,403 crore GST case closed by tax department
Jun 08, 2025, at 10:54 pm
Bengaluru: In a significant relief for IT major Infosys, the Directorate General of GST Intelligence (DGGI) has closed a high-stakes tax case involving ₹32,403 crore, media reports said.
PNB, BoB, other banks cut lending rates after RBI’s surprise 50 bps repo slash
Jun 08, 2025, at 04:59 pm
New Delhi: A host of public sector banks — Punjab National Bank (PNB), Bank of Baroda, UCO Bank, and Bank of India — along with private lender Karur Vysya Bank, have cut lending rates following the Reserve Bank of India’s unexpected 50 basis point (bps) repo rate reduction last week, according to a Business Standard report.
Extreme poverty in India drops to 5.3% in 2022-23 from 27.1% in 2011-12: World Bank
Jun 07, 2025, at 09:55 pm
New Delhi: In a remarkable shift over the last decade, India’s extreme poverty rate has declined dramatically—from 27.1% in 2011-12 to 5.3% in 2022-23, according to latest World Bank data.
Citigroup Inc plans to slash 3500 tech roles
Jun 07, 2025, at 06:06 pm
Citigroup Inc. will slash 3500 jobs from its technology employee workforce in its bid to touch global simplification efforts, media reports said.
Tata Electronics, BEL ink MoU to develop indigenous semiconductor solutions
Jun 07, 2025, at 03:39 pm
Tata Electronics, a pioneer in electronics manufacturing sector, has announced a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL), a Navratna Public Sector Undertaking (PSU), to boost the development of indigeneous electronics and semiconductor solutions.
YouTube video claims Rs. 500 currency note will be discontinued, Indian government responds
Jun 07, 2025, at 09:57 am
The Indian government has rejected a claim made by a YouTube channel that the Rs 500 currency note will be discontinued by March 2026.
HUDCO to raise up to ₹750 cr via NCDs
Jun 07, 2025, at 01:06 am
New Delhi: The Housing & Urban Development Corporation (HUDCO) on Friday approved a proposal to raise up to ₹750 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
Jun 07, 2025, at 12:48 am
Chennai: Building on the momentum of his initial contribution, Infosys co-founder Nandan Nilekani has pledged a second multi-year grant to AI4Bharat, an open-source initiative at IIT Madras developing foundational AI models for Indian languages, The Economic Times reported.
CRR cut to infuse ₹2.5 trillion liquidity, boost investment and credit revival in slowing economy
Jun 07, 2025, at 12:12 am
New Delhi: In a bid to revive domestic demand and energise India’s slowing economy, the Reserve Bank of India (RBI) has not only delivered a sharper-than-expected 50 basis point cut in the repo rate but also announced a 100 basis point reduction in the Cash Reserve Ratio (CRR)—a move that is set to release ₹2.5 trillion into the banking system over the next few months, media reports said.
Ex-ICICI Bank manager arrested in ₹4.58 cr fraud case in Kota; over 110 accounts compromised
Jun 07, 2025, at 12:02 am
Kota (Rajasthan): A former relationship manager at ICICI Bank’s Shriram Nagar branch in Kota has been arrested for allegedly embezzling more than ₹4.58 crore from customer accounts over a two-year period, media reports said.
Home loan EMIs to ease further as RBI cuts repo rate by 50 bps
Jun 06, 2025, at 09:05 pm
New Delhi: The Reserve Bank of India (RBI) has continued its streak of favourable moves for home loan borrowers in 2025 by announcing a 50 basis point (bps) reduction in the repo rate.
RBI delivers 50 bps rate cut, industry hails move as growth catalyst
Jun 06, 2025, at 06:56 pm
New Delhi: In a move that surpassed expectations, the Reserve Bank of India on Friday cut the repo rate by 50 basis points to 5.5%, offering relief to borrowers with likely lower EMIs. The cut — double the widely anticipated 25 basis points — takes the total reduction since February to 100 basis points.
How to Apply for Instant Personal Loan with Bajaj Finance
Jun 06, 2025, at 03:38 pm
Overview Accessing quick funds can make all the difference during medical needs, urgent repairs, or family events. Bajaj Finance offers a fast and reliable personal loan that meets these needs with ease. With approval in just 5 minutes and funds reaching your account within 24 hours, you won’t face unnecessary delays.
RBI announces repo rate cut by 50 basis points in relief for loan borrowers
Jun 06, 2025, at 10:56 am
Mumbai/IBNS: In a relief for loan borrowers, Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced a reduction in the repo rate by 50 basis points, media reports said.
Sudarshan Venu to take over as Chairman and MD of TVS Motor from Aug 25
Jun 06, 2025, at 12:08 am
TVS Motor Company on Thursday announced that its Board has unanimously appointed Sudarshan Venu as the next Chairman and Managing Director, effective August 25.
Foreign investment in Indian corporate bonds hits 10-year high in May on SP Group deal
Jun 05, 2025, at 11:21 pm
Foreign investment in Indian corporate bonds surged to ₹20,996 crore in May — the highest in a decade — largely driven by a $3.35 billion bond sale by the Shapoorji Pallonji (SP) Group, according to a Business Standard report.
India eyes fiscal push to build rare earth magnet stockpile, curb China reliance
Jun 05, 2025, at 10:01 pm
New Delhi: India is in talks with companies to build strategic stockpiles of rare earth magnets and incentivise local production, aiming to cut its dependence on Chinese imports, according to people familiar with the matter, according to a Reuters report.
Walmart's Flipkart gets RBI’s NBFC licence to lend directly to customers
Jun 05, 2025, at 08:49 pm
Mumbai: Walmart-owned Flipkart has received a lending licence from the Reserve Bank of India (RBI), becoming the first major e-commerce platform in the country to be granted a non-banking finance company (NBFC) status, according to a Reuters report.
Kumar Mangalam Birla signals more US investments; hails $4 bn Alabama greenfield project
Jun 05, 2025, at 01:29 am
New Delhi: Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, has voiced confidence about scaling up investments in the United States.
RBI begins key policy meet; market eyes possible third straight repo rate cut
Jun 05, 2025, at 12:18 am
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day deliberation today, with widespread anticipation that the meeting could lead to another reduction in the repo rate, currently at 6%.
ICL Fincorp targets pan-India expansion, to double AUM on back of NIDCC mandate
Jun 04, 2025, at 11:21 pm
Kolkata: ICL Fincorp Ltd is set to accelerate its pan-India expansion with plans to open 500 new branches over the next two years, including 200 in the current financial year, as the gold loan-focused NBFC seeks to broaden its geographic footprint beyond Southern India and double its assets under management (AUM).
Adani Airports raises $750 million to boost capacity, repay debt and expand services
Jun 04, 2025, at 10:08 pm
Mumbai: Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and the largest private airport operator in India, has raised $750 million through external commercial borrowings from international lenders.
Hyundai, Kia offload ₹690 crore stake in Ola Electric amid losses, falling revenue
Jun 03, 2025, at 11:29 pm
Mumbai: Hyundai Motor and Kia Corporation sold shares worth nearly ₹690 crore in electric two-wheeler manufacturer Ola Electric through open market transactions on Tuesday, according to data released by the National Stock Exchange.
Jun 03, 2025, at 10:39 pm
Tokyo: Toyota Motor Corp. announced on Tuesday that it will take key affiliate Toyota Industries private in a landmark ¥3.7 trillion ($26 billion) deal, marking one of the largest corporate restructurings in Japan’s recent history and signalling a strategic shift in the auto giant’s group structure, Reuters reported.
Vikram Solar gets SEBI approval for IPO to fund major expansion plans
Jun 03, 2025, at 09:48 pm
Kolkata: Vikram Solar Limited has received final approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
Embraer sets up India subsidiary, in talks with IndiGo and Air India to sell aircraft: Report
Jun 03, 2025, at 09:02 pm
New Delhi: Brazilian aerospace major Embraer is engaging with Indian carriers IndiGo and Air India to explore potential aircraft sales, as part of its broader strategy to deepen its presence in one of the world’s fastest-growing aviation markets.
Jun 03, 2025, at 08:40 pm
The Organisation for Economic Co-operation and Development (OECD) has projected a sharp deceleration in US economic growth, forecasting it to slow to 1.6% in 2025 from 2.8% in the previous year.
Tata Electronics eyes semiconductor fabrication unit acquisition in Malaysia: Report
Jun 03, 2025, at 08:34 pm
New Delhi: Tata Electronics is exploring the acquisition of a semiconductor fabrication or outsourced semiconductor assembly and test (OSAT) facility in Malaysia as part of its strategy to build technical know-how and talent before formally launching chip assembly and packaging operations in India, The Economic Times has reported.
After firing 6,000 last month, Microsoft cuts hundreds more jobs
Jun 03, 2025, at 10:19 am
IT major Microsoft on Tuesday announced that an additional 300 people have been laid off following the recent round of job cuts, media reports said.