Topic
310 stories
Construction company Ambuja Cements, on Wednesday, said it achieved a significant milestone in its growth trajectory under the Adani portfolio with an additional investment of ₹8,339 crore ($998.3 million) in the warrants program. The construction firm said the company’s promoter raised its overall investment to ₹20,000 crore, which resulted in a 3.6% increase in Adani’s […]
The Monetary Authority of Singapore (MAS)’s Managing Director Chia Der Jiun, in the Financing Asia’s Transition (FAST) Conference, highlighted the country’s investment raise of $5 billion towards the climate change action on Wednesday. In emphasizing the need for financing the climate change action, Jiun stated about the coordinated effort at both global and regional levels. […]
Indian conglomerate Jio Financial Services, on Monday, signed a 50-50 joint venture with global asset management firm, BlackRock Inc and BlackRock Advisors Singapore for setting up the wealth management and broking business in India. The company has informed National Stock Exchange (NSE) about the joint venture (JV), the newly launched collaboration is subject to regulatory […]
India’s one of the leading online forex platforms BookMyForex introduced its latest innovation of a foreign exchange app with real-time forex card reloads, on Monday. This launch marks a significant milestone in the realm of currency management for travellers, said the company. BookMyForex said the standout feature of its new app is the integration with […]
Fintech company Skipify, on Thursday, collaborated with global payments technology provider Visa, through the Visa Digital Commerce Program, with an objective to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify as well as accelerate the payment process. California-based Skipify said merging Visa’s expertise in digital payments with Skipify’s digital wallet, it aims to […]
Credit rating agency Brickwork Ratings said on Monday, it will resume its business operations and client onboarding following the order of the Securities and Exchange Board of India (SEBI) order from March 26. The company said the SEBI order, issued in September 2023, restricted Brickwork Ratings from onboarding new clients or receiving new mandates from […]
Financial service company HDFC Bank decided to sell its stake completely from HDFC Education and Development Services (DSPL), based on a regulatory filing of the bank on Saturday. The bank currently owns 100% of this subsidiary. The transaction would be carried out via the Swiss challenge method, according to the filing report. The Swiss Challenge […]
Emirates NBD Capital (EmCap), the investment banking for Emirates NBD Group, on Monday, facilitated a $500 million syndicated revolving credit facility (RCF) for computer maker Lenovo Group Limited. A Syndicated Revolving Credit Facility (RCF) is a type of loan provided by a group of lenders, in this case, it includes EmCap, AL Ahli Bank of […]
Reserve Bank of India (RBI) considered establishing a Digital India Trust Agency (DIGITA) to combat cyber fraud and illegal lending apps, based on media reports from Sunday. The central financial body will verify digital lending apps and maintain a public register of verified ones. Applications without DIGITA’s signature should be considered unauthorized by law enforcement. […]
Financial services company Bajaj Housing Finance has taken significant steps toward its initial public offering (IPO) on Thursday, and aims to achieve a valuation in the range of $9 billion to $10 billion, based on a report of The Moneycontrol. The company intends to collect between $900 million to a billion dollars via the IPO, […]
Oman-based BankDhofar, on Tuesday, launched a contactless payment solution Dhofar-Pay, allowing its customers to seamlessly tap and transfer money with their Near-field communication (NFC)-enabled Android phones for convenience and security. Dhofar-Pay users will have to link their debit card details with their Android phones, transforming the device into a digital card for transactions through a […]
Finance company Policy Bazaar Fintech received approval from its board on Wednesday, to establish PB Pay Private Limited, a wholly-owned subsidiary of the company to operate as a payment aggregator. The company aims to facilitate payment services both domestically and cross-border, subject to approval by the Reserve Bank of India (RBI), by facilitating offering merchants […]
