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Bajaj Allianz extends tenure of MD, CEO Singhel for 5 more years

Singhel has already completed 10 years as the MD & CEO of the company

NBFCs, housing finance firms need Rs 2.2 trn in fresh funds in FY23: ICRA

Rating agency in its report said the entities have worked to diversify sources of funds, even if the money came at a higher cost

Debasish Panda takes charge as Irdai chairman for a three-year period

The position of Irdai chairman was vacant for a period of over nine months, ever since Subhash Chandra Khuntia demitted office in May 2021

Sebi slaps Rs 5 lakh penalty on Future Enterprises over disclosure norms

Regulators order says it was not possible to quantify amount of disproportionate gain or unfair advantage or loss to investors due to firm's failure to make timely disclosures

Ruchi Soya spurts 20%, hits upper limit on Rs 4,300 crore FPO announcement

FPO is being launched to meet the 25% minimum public shareholding (MPS) norm. Promoter shareholding is currently 98.9%

Persistent Systems to acquire US cloud player MediaAgility for $71.71 mn

With 500 staff in US, Mexico, UK and India, MediaAgility has 31 Google Cloud Partner Expertise designations, 330 Google Cloud certifications, seven Google Cloud partner specialisations

RBI lifts interest cap on microfinance institutions, bans usurious rates

Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator.

BJP likely to pick chief ministers for four states after March 18

UP CM-designate Yogi Adityanath, had a meeting with the PM to discuss the council of ministers

RBI lifts all restrictions on HDFC Bank's new digital launches

'Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme,' announced HDFC Bank

Exodus at tech firms continues from Russia-Ukraine, impacting operations

Companies are taking all possible steps to keep employees safe and to ensure their businesses aren't impacted

Live video infrastructure startup 100ms raises $20 mn in Series A funding

100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video

NPCI asks banks to enable customer onboarding onto UPI through Aadhar, OTP

The need for authentication through Aadhar with OTP arose because the number of UPI users was getting restricted to the customers who had debit cards.

Prabha Narasimhan to join Colgate-Palmolive India as MD and CEO

This comes after Colgate Palmolive (India)'s current MD and CEO Ram Raghavan was elevated to the position of president of enterprise Oral Care for Colgate Palmolive Company

IT, banking, energy topped selloff in Feb as FPIs pulled out $4.7 bn

Selling was seen in most sectors save metals and mining, pharma and telecom

Kuku FM raises $19.5 mn in series B funding led by S Korea's KRAFTON

With this latest round of funding, Kuku FM has secured a total of $25 million since its inception in 2018

Citi's Asia Pacific arm to hire 350 people in 3 years to accelerate growth

The Asia Pacific hiring represents the largest investment in headcount across CCB globally, the foreign lender said

Daimler Truck's new Innovation Centre to focus on green technology

Unit will provide competitive advantage by building deep engineering and IT capabilities to achieve zero emission and industry-leading innovations in software and electronics

Women-run tiny businesses offer $11.4bn scope for fin institutions: IFC

These enterprises face numerous challenges, including inadequate access to capital, technology and information, and infrastructure gaps, says IMF study

RBI deepens digital pay infra, launches UPI for 400 mn feature phone users

UPI is on course to reach Rs 100 trillion in value of transactions, said Governor Shaktikanta Das

B2B logistics tech platform Oorjaa raises Rs 9 cr in pre-Series A round

The funds will be used to focus on the product and tech development, expanding into new geographies and on working capital requirements