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Financial services News

21 Dec 2024

NPS Intermediaries Association Launched To Promote Early Pension Planning

The initiative brought together key stakeholders from the National Pension System (NPS) ecosystem to foster collaboration, strengthen subscriber welfare, and promote the continued growth of NPS as a critical retirement planning tool for the citizens of India.

26 Aug 2023

7 In 10 Workers Are Millennials In India: Report

The report also stated that 39 percent of millennials have grown to managerial positions, a testament to the progressive leadership development strategies employed by these companies.

13 Aug 2023

Who Is R Thyagarajan, The Business Tycoon Who Donated His Entire Wealth?

R Thyagarajan Shriram Group Success Story: This is the story of R Thyagarajan, a visionary Indian business tycoon whose journey from humble beginnings to astonishing heights is not only marked by his empire's financial triumphs but by his exceptional commitment to humanity.

Vijay Shekhar Sharma

09 Aug 2023

From Humble Beginnings To Fintech Giant: Remarkable Story Of Paytm Creator

Vijay Shekhar Sharma's Inspirational Journey from Humble Beginnings to Fintech Giant From Aligarh to Billionaire: Vijay Shekhar Sharma's Roots Overcoming Language Barriers: Vijay Shekhar Sharma's Academic Journey Entrepreneurial Aspirations Awakened From Dot-Com to Digital Domination The Birth of Paytm One97 Communications E-Wallet Revolution in India

27 Jun 2023

India Likely To See 147 Unicorns In Next 5 Years: Report

India is currently home to 83 unicorns, 51 gazelles (most likely to go unicorn within three years) and 96 cheetahs (to achieve unicorn status in five years), according to the 'ASK Private Wealth Hurun India Future Unicorn Index 2023' report.

27 Aug 2019

Paytm appoints ex-Goldman executive Amit Nayyar to lead financial services biz

An MBA graduate from IIM-Bangalore, Nayyar worked for Goldman Sachs from 2009-2016. He has also worked with BoFA Merrill Lynch as a senior member of the Financial Institutions Group.

Mobile Payment Forum

29 Oct 2017

Mobile Payment Forum plans to come out with user-friendly features

It played a key role in developing interoperability and security standards for Immediate Payment Service (IMPS), the basic platform for mobile payments, and later the Unified Payments Interface (UPI), built using IMPS.

Online recruitment

13 Jul 2017

Online recruitment activities register 11% increase in June: Report

Online recruitment activities in the month of June registered 11 per cent year-on-year growth, led by banking, financial services and insurance (BFSI) sector, according to a report.

05 Jul 2017

Jan-June PE investments hit record high of $11.34 billion: Report

Private equity firms have invested about USD 5.4 billion across 124 deals during June quarter, taking the total investments in first six months of this year to a record USD 11.34 billion, says a report.

29 May 2017

'Chanda Kochhar draws Rs 6.09 crore remuneration in FY17'

ICICI Bank on Monday said its managing director and CEO Chanda Kochhar has drawn Rs 6.09 crore as total remuneration in 2016-17.

25 Apr 2017

Mahindra Finance profit falls 37% to Rs 234 crore in Q4

Mahindra and Mahindra Financial Services (Mahindra Finance) has reported a fall of 37 per cent in standalone net profit at Rs 234 crore for the last quarter ended March.

25 Sep 2016

Barclays looking at India as a fintech innovation hub

British lender Barclays is keen on being a research and development engine for financial services industry and is making significant investments in this space, according to Barclays India Chief Operating Officer Ram Gopal.

18 Aug 2016

CVC seeks mechanism to check misconduct by banks' top brass

The Central Vigilance Commission (CVC) has sought a mechanism to look into rising cases of misconduct and instances of fraud by top officials of public sector banks.

04 Apr 2016

Driven by IT sector, Karnataka is country's top job creator

Karnataka has been ranked as the country's top job creating state with over 24 percent share during the fourth quarter of the last fiscal, according to a study.

14 Oct 2015

Top 500 cos over-leveraged, recovery still away: Ind-Ra

Although credit metrics of the largest listed corporates have shown signs of improvement, a full recovery is still some time away, says a report.

14 Oct 2015

Ask Group plans to raise $1 billion in next 3 years

Financial services firm Ask Group Wednesday said it is expanding its global presence and plans to raise USD 1 billion (about Rs 6,500 crore) from the offshore market in the next three years.

19 Aug 2015

Vodafone says will offer comprehensive financial services

Vodafone India Wednesday said the payments bank licence will enable it offer a comprehensive portfolio of banking and financial products and services, accelerating India's journey into a cashless economy.

financial services

14 Aug 2015

Reliance Capital Q1 net profit up 22.5% at Rs 201 crore

Financial Services firm Reliance Capital on Friday reported a 22.5 percent rise in net profit at Rs 201 crore for the first quarter ended June 30.

Edelweiss Financial Services

21 Jul 2015

Edelweiss consolidated net up 17% at Rs 91 crore

Edelweiss Financial Services Tuesday reported a 17 percent rise in its consolidated net profit at Rs 91 crore for the quarter ended June, on the back of an overall increase in income.

06 Jul 2015

Sanjiv Bhasin joins as MD & CEO of Centrum Capital

Leading financial services firm Centrum Capital has appointed Sanjiv Bhasin, former head of DBS Bank India, as its managing director and chief executive officer.

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