Financial Services

Bank of America arm to pick up 49.9% in Jio Credit for ₹18.3K crore

BofA will initially acquire 26.5 per cent of Jio Credit, with its holding rising to 49.9 per cent upon exercising warrants, subject to regulatory and statutory approvals

Tata Digital's financial services chief Gaurav Hazrati exits amid revamp

Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team

BUSINESSNEXT secures $40 million funding to expand autonomous banking

The autonomous banking platform will use the funds for research and development and expansion into Australia and New Zealand, while strengthening its private AI capabilities

HCLTech launches Global Technology Center in GIFT City for AI-led solutions

The new facility in Gujarat's GIFT City will deliver AI-led solutions for financial services while supporting technology innovation and industry-academia collaboration

Jio Financial Services Q1 PAT jumps 156% on strong lending, payments growth

Total income, excluding dividend income, rose 141 per cent YoY to Rs 1,496 crore. Including dividend income, profit before tax more than doubled to Rs 970 crore, up 131 per cent from a year earlier

Korea's NH Investment invests ₹900 cr in Choice International's broking arm

The South Korean financial services firm will invest through compulsorily convertible preference shares to support Choice Equity Broking's expansion plans

RBI Ombudsman Scheme: Know complaint timelines, compensation, appeal rules

The RBI Integrated Ombudsman Scheme, 2026, introduces higher compensation, shorter complaint timelines and a streamlined grievance process for customers of regulated entities

Over 140K guarantees worth ₹1.55 trillion issued under ECLGS 5.0: Govt

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

FPIs sold finance, oil & gas stocks the most in June's first fortnight

FPIs sold financial, oil & gas and auto stocks heavily in early June amid crude-price volatility, AI concerns and monsoon-related demand worries

Samco launches global investing; Prime Litmus fund, ADIA stake sale

Samco Securities enters global investing with a GIFT City licence, offering Indian investors access to US stocks and ETFs through its trading platform

Large-ticket term policies gain traction; share above ₹2 cr rises to 34%

The share of policies below ₹2 crore fell to 66 per cent from 76 per cent over the same period

ATM interchange fee may be indexed to WPI; NPCI likely to take up matter

NPCI may review ATM interchange fees and link charges to WPI as rising operating costs put pressure on India's ATM ecosystem

British hedge fund Qube Research & Tech first to set up shop in GIFT SEZ

High-frequency trading firm to get tax sops on derivative trades

Aditya Birla Capital raises ₹4,000 cr in equity capital from promoters, IFC

The Aditya Birla Group's financial services arm will use the capital raised from promoters and IFC to strengthen lending businesses and accelerate digital growth initiatives

India's M&A market resilient despite global uncertainty: StanChart's Singhi

Standard Chartered's Rajesh Singhi says outbound acquisitions, financial services and EMS are driving deal activity despite geopolitical uncertainty and higher interest rates

Financial services spearhead surge in outbound FDI, manufacturing slips

India's outward FDI surged in March, with economists attributing the spike to uncertainty and structural shifts, even as long-term trends remain stable

Integrating Tax Strategy Into Long-Term Wealth Planning: How Thrive Financial Services Brings Structure to Financial Decisions

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How Utah Divorce Affects Business Owners: Financial and Legal Considerations

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World Bank's IFC plans to scale up investments in India to $10 bn by 2030

Annual investments in India by IFC, the private-sector arm of the World Bank Group, have ‌risen to about $5.4 billion in 2024-25 from about $1.3 billion in financial year 2021-22

Financial inclusion: From presence to participation

Inclusion succeeds when financial services are used regularly with confidence