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Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Bandhan Bank opens its first currency chest in Patna's Deedargunj

The bank plans to open more than 530 new bank branches across the country in this financial year

Markets regulator relaxes new exchange-traded funds' framework

Clause 2(IV)(A) under the new framework mandates all purchase and redemption orders directly placed with the fund house have to be greater than Rs 25 crore

Religare Finvest fund reroute: Sebi slaps Rs 60-cr fine on Singh brothers

The case relates to alleged siphoning of Rs 2,315 crore from RFL to benefit promoters and connected entities

PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income

Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22

Child, maternity products marketplace Nestery raises Rs 6 cr in funding

Start-up will use the funds to expand team, improve technology and generate original content

Colgate-Palmolive India's net profit declines 7.2% in April-June quarter

The company's PBIDT stood at Rs 327.9 crore in the quarter ended June, down 9 per cent compared to last year

Markets advance ahead of US Fed decision; Sensex rises 548 points

However, gains were capped as investors remained in wait and watch mode

Shriram City Union Finance posts 61 per cent rise in Q1 net profit

Assets Under Management (AUM) increased by 21 per cent to Rs 40,414 crore as against Rs 33,509 crore during the same time last financial year

PM Modi to inaugurate regional centre of New Development Bank on July 29

The New Development Bank's regional office in GIFT City will identify projects with strong development impact

Mahindra Lifespaces' chairman Arun Nanda retires, successor named

Nanda joined the Mahindra Group in 1973 and has held several important positions within the group over the years

Hero MotoCorp selects Accenture to enhance supply chain, reduce costs

Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp's cost optimisation efforts

South Indian Bank net profit up 10-fold in Q1, asset quality improves

In Q1, South Indian Bank's gross advances saw a growth of 10.95 per cent compared to the same period last financial year

Equity management firm Qapita acquires ESOP Direct in all cash-deal

Pune-based ESOP Direct provides solutions in equity compensation

HDFC Bank opens special window offering 6.80% interest for NRE deposits

The window, which is available on Wednesday and Thursday, offers an annual rate of 6.80 per cent on NRE deposits worth Rs 2 crore to less than Rs 150 crore

Travel technology firm Spotnana raises $75 mn in Series B funding round

Spotnana said the Series B funding will help it in hiring and promoting its Travel-as-a-Service Platform

RBI launches public awareness drive as unclaimed deposits increase

RBI is now encouraging people who have not claimed their deposits to reach out to the respective banks for such deposits

Meta expands 3rd party fact-checking programme in India, adds NewsMeter

With this partnership, Meta will have 11 fact-checking partners in India, making it the country with the most number of third party fact checking partners globally

Chess Olympiad's Thambi ain't alone: Here's a look at India's mascots

In the run-up to the 44th Chess Olympiad, which kicks off on Thursday in Mamallapuram, Tamil Nadu unveiled the official logo and mascot - a chess knight called Thambi

Karur Vysya Bank Q1 net doubles to Rs 229 cr, interest income up 17%

Operating profit for up 15% YoY, major improvement seen in bad loans