FINANCE – Page 19 – msmenews.sbs

360 ONE Asset acquires 15% stake in Bharti AXA life insurance

AIMPWAMarch 4, 2025

In a significant move within the Indian life insurance industry, 360 ONE Asset has announced the acquisition of a 15 per cent stake in Bharti AXA Life Insurance. This strategic investment, pending regulatory approvals, is through funds managed by 360 ONE Asset and is expected to enhance Bharti AXA Life’s growth trajectory, foster innovation, and...

NICB collapse: RBI’s SK Marathe calls for urgent action on dynastic control in UCBs

AIMPWAMarch 4, 2025

The issue of dynastic control in some of the Urban Co-operative Banks (UCBs) needs to be urgently addressed to ensure that depositors interests are protected, said Satish Kashinath Marathe, Director, Central Board of the Reserve Bank of India (RBI). Referring to the recent collapse of the fraud-hit New India Cooperative Bank (NICB), Marathe alleged that...

IRFC and IRCTC receive Navratna CPSE status

AIMPWAMarch 4, 2025

Indian Railway Finance Corporation (IRFC) and Indian Railway Catering and Tourism Corporation (IRCTC) will now be a Navratna Central Public Sector Enterprise, Finance Ministry announced on Monday. The status provides more financial autonomy to entities. “The Government has approved the upgradation of Indian Railway Finance Corporation (IRFC) to Navratna CPSE, making it the 26th Navratna among CPSEs,”...

ICICI Pru Life launches income guarantee product in volatile times

AIMPWAMarch 4, 2025

ICICI Prudential Life Insurance has introduced ‘ICICI Pru GIFT Select’, a long-term savings product which offers customers a guaranteed immediate income providing them with liquidity. The product offers multiple flexibilities to customers such as choosing when they want the guaranteed income to start, the duration of the guaranteed income and the amount that they can...

NBFCs’ concentrated exposures to power and infra sectors could trigger systemic issues, cautions IMF

AIMPWAMarch 4, 2025

Non-Banking Finance Companies’ (NBFCs) concentrated exposures, especially to the power and infrastructure sectors—the cause behind the 2016 bank distress—could trigger systemic issues through their linkages with banks, corporate bond markets, and mutual funds, cautioned the International Monetary Fund (IMF) in its latest Financial Sector Assessment Programme (FSAP) for India. The FSAP recommended that financial stability...

Bank of India opens 111 branches

AIMPWAMarch 4, 2025

Bank of India (BOI) has opened 111 branches, taking its pan-India network to 5,301. Rajneesh Karnatak, Managing Director & Chief Executive Officer, said “This expansion strengthens our presence in key urban and semi-urban centres, bringing banking services closer to our customers. “By increasing our branch network, we aim to enhance accessibility, improve customer convenience, and...

Fees, subscription chief source of income for SEBI in FY24

AIMPWAMarch 4, 2025

Annual fees and subscription were the major source of income for SEBI in FY24 amounting to ₹1,206 crore, according to its annual statement of accounts. The other major sources of income for the regulator include registration fees (₹285 crore) and fees for offer documents (₹271 crore). Total income earned by the regulator amounted to ₹1,851...

Hydropower Projects With A 3,014 MW Capacity To Boost J&K’s Energy Security: LG Sinha

AIMPWAMarch 4, 2025

Jammu, Mar 4 (KNN) The Omar Abdullah-led government will seek the Centre’s support to fully harness the energy potential of Jammu and Kashmir, Lieutenant Governor Manoj Sinha stated on Monday. Addressing the Assembly during the Budget session, Sinha highlighted the region’s abundant water resources, which remain underutilised. He emphasised the government’s commitment to leveraging these...

J&K’s Industrial Growth Accelerates With Rs 28,400 Cr Investment Scheme: LG Sinha

AIMPWAMarch 4, 2025

Jammu, Mar 4 (KNN) Lieutenant Governor Manoj Sinha has reported substantial economic growth in Jammu and Kashmir in recent years, highlighting record tourist numbers in 2024 as a key indicator of the region’s improving economic landscape. According to Sinha, the territory has experienced significant advancement in industrial development and investment activities, positioning J&K on a...

Indian Banks Show Strong Performance in First Nine Months of FY25: Fitch

AIMPWAMarch 4, 2025

New Delhi, Mar 4 (KNN) Fitch Ratings on Monday reported that Indian banks have performed robustly in the first nine months of the current financial year, with the sector’s impaired loan ratio approaching its lowest point. The global rating agency stated that improvements in key performance metrics of Indian banks over recent years will provide strong...

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Bench is charging people for services they already paid for, some customers say

AIMPWAMarch 14, 2025

After Employer.com acquired bankrupt accounting startup Bench in a fire-sale late last year, CEO Jesse Tinsley pledged on LinkedIn and elsewhere to honor past customer payments. “We’re honoring all prepaid Bench services even though we will not have the revenue from that directly ourselves,” Tinsley said in an interview with founder and investor Julian Weisser....

Tern AI’s low-cost GPS alternative actually works

AIMPWAMarch 14, 2025

We’ve all experienced that moment of frustration when the GPS glitches and you miss an exit on the highway. The team at Tern AI, which is building a low-cost GPS alternative, says that’s because the current technology is limited by its reliance on satellite positioning. Tern AI says it has figured out how to locate...

Fintech Klarna files for IPO at a weak point for public debuts

AIMPWAMarch 14, 2025

The fintech company thinks it can offer investors more than just its buy-now-pay-later products. Source link

Profitable Klarna files for a potentially blockbuster IPO

AIMPWAMarch 14, 2025

Swedish fintech Klarna took the next step in its highly anticipated U.S. IPO on Friday when it made its F-1 prospectus public. We are sifting through the document now. Klarna hopes to raise at least $1 billion dollars at a $15 billion valuation with this IPO, Bloomberg reported last week. The public documents don’t yet...

Dr. Oz dodges questions on Medicaid cuts during Senate confirmation hearing

AIMPWAMarch 14, 2025

President Trump’s nominee to lead the Centers for Medicare and Medicaid Services faced questions from the Senate Finance Committee on Friday. Source link

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Latest Posts

360 ONE Asset acquires 15% stake in Bharti AXA life insurance

NICB collapse: RBI’s SK Marathe calls for urgent action on dynastic control in UCBs

IRFC and IRCTC receive Navratna CPSE status

ICICI Pru Life launches income guarantee product in volatile times

NBFCs’ concentrated exposures to power and infra sectors could trigger systemic issues, cautions IMF

Bank of India opens 111 branches

Fees, subscription chief source of income for SEBI in FY24

Hydropower Projects With A 3,014 MW Capacity To Boost J&K’s Energy Security: LG Sinha

J&K’s Industrial Growth Accelerates With Rs 28,400 Cr Investment Scheme: LG Sinha

Indian Banks Show Strong Performance in First Nine Months of FY25: Fitch

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Bench is charging people for services they already paid for, some customers say

Tern AI’s low-cost GPS alternative actually works

Fintech Klarna files for IPO at a weak point for public debuts

Profitable Klarna files for a potentially blockbuster IPO

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Bench is charging people for services they already paid for, some customers say

Tern AI’s low-cost GPS alternative actually works

Fintech Klarna files for IPO at a weak point for public debuts

Profitable Klarna files for a potentially blockbuster IPO

Dr. Oz dodges questions on Medicaid cuts during Senate confirmation hearing

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Bench is charging people for services they already paid for, some customers say

Tern AI’s low-cost GPS alternative actually works

Fintech Klarna files for IPO at a weak point for public debuts

Profitable Klarna files for a potentially blockbuster IPO

Dr. Oz dodges questions on Medicaid cuts during Senate confirmation hearing

This Wall Street pro saw the stock-market chaos coming. He says investors should wait to buy again.