Budget 2019: Policy reforms and vision for New India

FM Sitharaman’s budget aims to propel India into a new term of prosperity, development, and holistic growth and consequently ‘liberate’ India into a first world nation.

Capsave Finance Pvt Ltd. posts net profits in second year of operations

NEW YORK, June 19, 2019 /PRNewswire/ — Capsave Finance Pvt Ltd, a non-banking finance company (NBFC) providing leasing and financing solutions, posted 130 percent revenue and profit growth for fiscal year 2018-19 in its second year of operations. “Capsave’s success was…

DMI Finance to leverage ACTICO’s machine learning services

ACTICO, a global leader in providing software for intelligent automation, today announced DMI Finance as its first Indian customer for its new product, ACTICO Machine Learning.

Anil Ambani’s Reliance Group repays ₹35,000 cr

Reliance Group Chairman Anil Ambani on Tuesday said that the Group has cleared debt amounting to a staggering Rs 35,000 crore in the last 14 months.

Imarticus Learning Collaborates With Moody’s Analytics to Launch Credit Risk and Underwriting Prodegree in India

MUMBAI, June 11, 2019 /PRNewswire/ — Imarticus Learning is pleased to announce the launch of the Credit Risk and Underwriting Prodegree course in collaboration with Moody’s Analytics. Imarticus’ Prodegrees are professional qualifications with courses designed and executed in collaboration with…

RBI brings economic inter-dependence in banking

RBI tweaks exposure framework for banks, introduces economic inter-dependence criteria The Reserve Bank of India (RBI) has made changes in guidelines on large exposures framework for banks to reduce the concentration of risk and align them with global norms. The…

Auxilo sets aside ₹100 cr for education financing

Auxilo Finserve ventures into Gujarat, earmarks Rs 100 crore for education financing Auxilo Finserve Private Limited, India’s fastest growing education ecosystem NBFC, today announced its foray into Gujarat region to cater to the burgeoning education financing market. The Mumbai-based NBFC…

India’s plea against Nissan falls on deaf ears

The Permanent Court of Arbitration rejects India’s plea | Indian government might move to Singapore’s Supreme Court. N Muruganandam, principal secretary to Tamil Nadu government’s industries department, said all obligations would be honoured and he hopes to finalise a deal…

Only two takers for India’s hybrid renewable kitty

Tariffs in wind-solar hybrid auction remain nearly unchanged | Adani won 600 MW at Rs 2.69 per unit, while ReNew Power got 120 MW at Rs 2.70.

Sushil Agarwal upraised as Aditya Birla Group CFO

Sushil Agarwal is now the group CFO of Aditya Birla Group, after proving his mettle at Grasim. Recently, Grasim has reported 79 per cent increase in its consolidated net profit at ₹1,532 crore. Aditya Birla Group is a $44 billion…