FINANCE – Page 189 – msmenews.sbs

IRDAI permits one-time UPI mandate for buying life, health cover

AIMPWAMarch 2, 2025

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted a one-time mandate for blocking the amount towards premium through Unified Payments Interface (UPI) mandate for issue of life and health insurance policies. As per the existing norms, no premium deposit/ proposal deposit is required to be paid to the insurer along with the...

CCI approves amalgamation of Chaitanya India Fin Credit and Svatantra Holdings into Svatantra Microfin

AIMPWAMarch 2, 2025

The Competition Commission of India (CCI) has approved amalgamation involving four entities within the Svatantra Group. The proposed amalgamation involves Svatantra Holdings Pvt Ltd (SHPL), a core investment company focused on equity, preference shares, and securities, incorporated in 2018; Svatantra Microfin Pvt Ltd (SMPL), a Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) providing microfinance and personal...

LIC Smart Pension Plan: Single premium annuity with multiple payout options

AIMPWAMarch 2, 2025

The Life Insurance Corporation of India (LIC) has launched a single premium “Smart Pension plan,” offering a range of annuity options for single life and joint life annuities. To subscribe to the “Smart Pension plan”, which is a non-par, non-linked, individual/group, savings, and immediate annuity plan, the minimum age at entry is 18 years. The...

PNB reports ₹270.57 crore fraud in NPA account to RBI

AIMPWAMarch 2, 2025

Punjab National Bank has reported a fraud of ₹270.57 crore to the Reserve Bank of India in the non-performing account of Bhubaneswar-based Gupta Power Infrastructure Ltd. The public sector bank, in a regulatory filing, said it has already made provisions amounting to ₹270.57 crore, as per prescribed prudential norms. The number of frauds (borrowal, non-borrowal...

All NBFCs can invest in Security Receipts issued by ARCs

AIMPWAMarch 2, 2025

The markets regulator has given more leeway to Non-Banking Finance Companies to invest in Security Receipts issued by Asset Reconstruction Companies, recognising all of them, including housing finance companies, as qualified buyers. This may encourage more Non-Banking Fnance Companies (NBFCs) to explore investments in Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs), thereby widening...

How AGS Transact Technologies got into financial trouble

AIMPWAMarch 2, 2025

What does AGS Transact Technologies do? AGS Transact Technologies, which listed on the bourses in 2022, is a provider of digital and cash payments solutions. It is an integrated cash and ATM management solutions provider. It provides cash management services through its subsidiary Securevalue India and is establishing its presence in digital payment solutions wherein it provides merchant solutions (POS...

Banks continue cautious stance on lending to MFIs

AIMPWAMarch 2, 2025

Banks are continuing to maintain a cautious stance on lending to microfinance institutions (MFIs), even with their enhanced capital position after the Reserve Bank of India (RBI) rolled back higher risk weight on bank lending to non-banking finance companies (NBFCs), bankers say. “I think we have to watch a couple of quarters more before we...

India on the path to becoming a creator’s economy, says Deutsche India CEO

AIMPWAMarch 2, 2025

India is on its way to becoming a creator’s economy from a consumer-based economy, said Dilipkumar Khandelwal, Global CIO Corporate Functions, Deutsche Bank and CEO, Deutsche India Speaking at the launch of five technology solutions developed by its India-based teams, he remarked, “India is at a very interesting juncture, transitioning into a creator-driven economy.” He...

ICAI President Seeks Stronger Ties with NFRA, But Stresses Mutual Respect

AIMPWAMarch 2, 2025

Newly elected ICAI President Charanjot Singh Nanda on Wednesday emphasised the importance of maintaining a cordial working relationship with the National Financial Reporting Authority (NFRA) while asserting that ICAI’s role and perspectives must be acknowledged and respected. “I want to maintain a very good relationship with NFRA, and there is no issue between us. But...

Banks’ CD issuances soared 44% in FY25 so far: RBI bulletin

AIMPWAMarch 2, 2025

Issuances of Certificate of Deposits (CDs) by banks jumped about 44 per cent per cent (year-on-year) to ₹9.57 lakh crore during April 2024 to February 2025 (up to February 7) from ₹6.66 lakh crore in the corresponding period of the previous year. The surge in CD issuances comes as banks struggle to attract deposits amid...

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Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

AIMPWAJune 17, 2025

Rising-star defense tech Mach Industries has announced a new $100 million round of funding at a $470 million valuation. TechCrunch first reported that this deal was in the works last month. New investor Keith Rabois from Khosla Ventures joins existing investor Geoff Lewis of Bedrock Capital to lead the round. Existing investor Sequoia also participated....

MSMEs

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

AIMPWAJune 17, 2025

Amaravati, Jun 17 (KNN) The long-stalled construction of flatted factory complexes at the Vemavaram Jakkampudi Economic Township is poised to advance following state government approval for institutional restructuring and project handover. The Andhra Pradesh government has authorised the Andhra Pradesh Economic Development Board Corporation Limited to complete pending land alienation procedures and transfer project responsibilities...

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

AIMPWAJune 17, 2025

New Delhi, Jun 17 (KNN) Jainik Power and Cables Limited commenced trading on the NSE SME platform on Tuesday, opening at Rs 82 per share, representing a decline of more than 25 percent from its initial public offering price of Rs 110. The stock subsequently recovered to trade at Rs 86.10, marking a 5 percent...

Observability startup Coralogix becomes a unicorn, eyes India expansion

AIMPWAJune 17, 2025

Coralogix, an Israeli startup offering a full-stack observability and security platform, has raised $115 million at a pre-money valuation of over $1 billion, almost doubling in three years from its last round in 2022. With the influx of cash, the startup is looking to expand its engineering base in India and develop its AI agent....

Sequoia-backed Crosby launches a new kind of AI-powered law firm

AIMPWAJune 17, 2025

The tech industry talks a lot about how AI is going to transform work. Legal startup Crosby, which just came out of stealth with a $5.8 million seed round led by Sequoia, is perhaps the most extreme example of what’s coming that we’ve seen to date. Crosby isn’t just making AI software for lawyers –...

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Latest Posts

IRDAI permits one-time UPI mandate for buying life, health cover

CCI approves amalgamation of Chaitanya India Fin Credit and Svatantra Holdings into Svatantra Microfin

LIC Smart Pension Plan: Single premium annuity with multiple payout options

PNB reports ₹270.57 crore fraud in NPA account to RBI

All NBFCs can invest in Security Receipts issued by ARCs

How AGS Transact Technologies got into financial trouble

Banks continue cautious stance on lending to MFIs

India on the path to becoming a creator’s economy, says Deutsche India CEO

ICAI President Seeks Stronger Ties with NFRA, But Stresses Mutual Respect

Banks’ CD issuances soared 44% in FY25 so far: RBI bulletin

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Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

Observability startup Coralogix becomes a unicorn, eyes India expansion

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Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

Observability startup Coralogix becomes a unicorn, eyes India expansion

Sequoia-backed Crosby launches a new kind of AI-powered law firm

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Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

Observability startup Coralogix becomes a unicorn, eyes India expansion

Sequoia-backed Crosby launches a new kind of AI-powered law firm

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