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FINANCE

SBI to sell 13.19% YES Bank stake to Sumitomo Mitsui for ₹8,889 cr

AIMPWAMay 9, 2025

SBI had earlier acquired 49% in YES Bank for ₹6,050 crore, which reduced over time due to capital infusions by private equity players. | Photo Credit: SOMASHEKAR G R N Marking the largest cross-border transaction in India’s banking sector, Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has entered into a definitive agreement to acquire 20...

FINANCE

PSBs reassure customers on uninterrupted ATM, internet and mobile banking services

AIMPWAMay 9, 2025

Indian Bank also cautioned that phishers are lurking. | Photo Credit: ADNAN ABIDI Public sector banks such as State Bank of India, Punjab National Bank (PNB) and Bank of Baroda on Friday assured their customers that all their alternate banking channels, including ATMs, internet banking and mobile banking, are functioning normally. This assurance comes in...

FINANCE

Finance Minister directs all banks to remain fully alert

AIMPWAMay 9, 2025

Union Minister for Finance Nirmala Sitharaman | Photo Credit: In the light of hostilities between India and Pakistan, Finance Minister Nirmala Sitharaman on Friday directed all banks to remain fully alert and be prepared to deal with any eventuality or crisis. She also asked banks to ensure safety of bank employees and their families working...

FINANCE

At 85.37, rupee ends stronger against dollar amid India-Pak conflict

AIMPWAMay 9, 2025

Forex dealers said, the RBI sold Dollars to steady the Indian unit, which opened for trading nine paise weaker vis-a-vis the previous close. | Photo Credit: LeoWolfert The rupee recovered to close stronger on Friday despite flare up in the war between India and Pakistan and fall in domestic equity markets, with RBI reportedly intervening...

FINANCE

Canara Bank expects NIM pressure to ease after two quarters as costs began to soften

AIMPWAMay 9, 2025

K Satyanarayana Raju, MD and CEO of Canara Bank After a period of rising deposit costs and tight margins, Canara Bank anticipates a gradual decline in its cost of funds starting August, with a revival in net interest margins (NIM) expected in the latter half of the year, said K Satyanarayana Raju, MD and CEO...

FINANCE

At 85.37, rupee ends stronger against dollar amid India-Pak conflict

AIMPWAMay 9, 2025

FINANCE

Intellect Design Arena reports 59% rise in consolidated PAT in Q4FY25

AIMPWAMay 9, 2025

Arun Jain, Chairman and Managing Director, Intellect Design Arena Ltd | Photo Credit: Siva SaravananS Intellect Design Arena, the Chennai-based financial technology company, reported a consolidated 59 per cent increase in net profit to ₹135 crore during the fourth quarter ended March 31, 2025 as against ₹85 crore in the corresponding quarter last year. The...

Cholamandalam Financial Holdings Q4 PAT rises 19% to ₹1,362 cr

AIMPWAMay 9, 2025

Cholamandalam Financial Holdings reported a 19 per cent year-on-year (y-o-y) rise in its consolidated profit after tax for the quarter ended March 31, 2025, at ₹1,362 crore, compared to ₹1,144 crore in the same quarter last year. The company’s consolidated total income for the quarter stood at ₹9,009 crore, marking a 26 per cent increase...

India’s Startups Receive Rs 20 Cr Credit Boost Under Expanded Credit Guarantee Scheme

AIMPWAMay 9, 2025

New Delhi, May 9 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT), has announced expansions to the Credit Guarantee Scheme for Startups (CGSS), enhancing financial support available to India’s innovation ecosystem. The CGSS scheme provides guarantees for credit instruments extended to startups by Scheduled Commercial Banks, All India Financial Institutions, Non-Banking Financial...

Exports From MIHAN SEZ, Nagpur Reaches Rs 4000 Crore

AIMPWAMay 9, 2025

Nagpur, May 9 (KNN) The Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) Special Economic Zone (SEZ) has reported a remarkable increase in exports, reaching Rs 3,961 crore for the financial year ending March 2025. This figure more than doubles the previous year’s exports of Rs 1,786 crore, representing the highest year-on-year growth since the...

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The U.S. Navy is more aggressively telling startups, ‘We want you’

AIMPWAJune 15, 2025

While Silicon Valley executives like those from Palantir, Meta, and OpenAI are grabbing headlines for trading their Brunello Cucinelli vests for Army Reserve uniforms, a quieter transformation has been underway in the U.S. Navy. How? Well, the Navy’s Chief Technology Officer Justin Fanelli says he has spent the last two and a half years focused...

Alexa von Tobel has high hopes for ‘fintech 3.0’

AIMPWAJune 15, 2025

It’s been 10 years since Alexa von Tobel sold her financial planning startup Learnvest to Northwestern Mutual for $250 million. Since then, von Tobel became Northwestern Mutual’s first chief digital officer, then chief innovation officer, before launching an early-stage venture firm of her own, Inspired Capital, with former U.S. Secretary of Commerce Penny Pritzker. She’s...

The investor experience at TechCrunch All Stage: One floor, infinite deal flow

AIMPWAJune 14, 2025

TechCrunch All Stage isn’t a waiting room for warm intros — it’s a floor full of founders, ideas, and breakout potential. For VCs, it’s a rare chance to skip the filters and meet the future of tech in one place, on one day, with no layers between you and the next standout story. Whether you’re...

Clay secures a new round at a $3B valuation, sources say

AIMPWAJune 13, 2025

Clay, a sales automation startup, has raised a Series C round at an approximate $3 billion valuation, led by Capital G, according to three sources with knowledge of the deal. Clay and Capital G didn’t respond to a request for comment. The new round comes just a month after the New York startup announced that...

Zevo’s EV-only car-share fleet is helping Tesla owners make money

AIMPWAJune 13, 2025

Hebron Sher remembers daydreaming in 2019 when Elon Musk promised Tesla’s cars would become robotaxis, capable of going out in the world to make money for owners. Sher was already a user of the car-sharing platform Turo, and the idea of turning a Tesla into an even bigger moneymaker was an attractive proposition. But as...

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Latest Posts

SBI to sell 13.19% YES Bank stake to Sumitomo Mitsui for ₹8,889 cr

PSBs reassure customers on uninterrupted ATM, internet and mobile banking services

Finance Minister directs all banks to remain fully alert

At 85.37, rupee ends stronger against dollar amid India-Pak conflict

Canara Bank expects NIM pressure to ease after two quarters as costs began to soften

At 85.37, rupee ends stronger against dollar amid India-Pak conflict

Intellect Design Arena reports 59% rise in consolidated PAT in Q4FY25

Cholamandalam Financial Holdings Q4 PAT rises 19% to ₹1,362 cr

India’s Startups Receive Rs 20 Cr Credit Boost Under Expanded Credit Guarantee Scheme

Exports From MIHAN SEZ, Nagpur Reaches Rs 4000 Crore

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The U.S. Navy is more aggressively telling startups, ‘We want you’

Alexa von Tobel has high hopes for ‘fintech 3.0’

The investor experience at TechCrunch All Stage: One floor, infinite deal flow

Clay secures a new round at a $3B valuation, sources say

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The U.S. Navy is more aggressively telling startups, ‘We want you’

Alexa von Tobel has high hopes for ‘fintech 3.0’

The investor experience at TechCrunch All Stage: One floor, infinite deal flow

Clay secures a new round at a $3B valuation, sources say

Zevo’s EV-only car-share fleet is helping Tesla owners make money

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The U.S. Navy is more aggressively telling startups, ‘We want you’

Alexa von Tobel has high hopes for ‘fintech 3.0’

The investor experience at TechCrunch All Stage: One floor, infinite deal flow

Clay secures a new round at a $3B valuation, sources say

Zevo’s EV-only car-share fleet is helping Tesla owners make money

Startups Weekly: No sign of pause