NBFC
FDI reform 2.0 heralds discussions on catalytic reforms in banking, defense, and insurance sectors
FDI reform 2.0
In a significant stride towards enhancing economic growth and attracting foreign investment, discussions are underway concerning FDI reform 2.0, with a particular...
IIFL Samasta Finance appoints three new members to its Board.
IIfl-samasta announcement:
IIFL Samasta Finance, among India’s leading non-banking microfinance companies (NBFC-MFI), has revealed the addition of three individuals to its Board of Directors.This strategic...
Bajaj Finance reports a 21% increase in net profit to 3,824 crore for Q4, with revenue climbing by 31%.
Bajaj Finance Q4 FY23 result update:
Bajaj Finance Limited, a Non-banking Financial Company (NBFC), revealed a consolidated net profit of Rs 3,824.53 crore for the...
Mahindra Finance experiences a 5% decline as the company postpones its earnings meeting due to the discovery of a Rs 150 crore fraud
Mahindra Finance
Mahindra Financial Services saw its stock price tumble by over 7% in early trading on Tuesday and bounce back to 5% negative following...
India’s net direct tax collection stands at Rs 19.58 lakh crore, surpassing revised estimates by Rs 13,000 crore
Net Direct Tax
India's net direct tax collections for the fiscal year ending March 2024 experienced a robust increase of 17.7 percent year-on-year, reaching Rs...
HDFC Asset Management Company’s Q4 outcomes show a rise in net profit to ₹541 crore, with the announcement of a dividend
HDFC asset management
In the fourth quarter, HDFC Asset Management Company (AMC) revealed a 43.8% increase in its standalone net profit to ₹541 crore. The...
Manappuram Finance plans to secure funds of up to $500 million through external commercial borrowing.
Manappuram Finance
On Friday, gold loan provider Manappuram Finance announced that its board has sanctioned the raising of up to $500 million (approximately Rs 4,100...
Tata has requested approval from the Reserve Bank of India (RBI) to bypass the requirement of listing its Non-Banking Financial Company (NBFC)
The TATA sons NBFC news update:
The Tata Group has petitioned the Reserve Bank of India (RBI) for an exemption to forego the obligation of...
The IMF has increased its GDP growth forecast for India in FY25 by 30 basis points to 6.8%.
IMF on Indian GDP
The International Monetary Fund has revised its projection for India's GDP growth in the fiscal year 2025 (FY25). The organization raised...
Jio Financial and BlackRock’s joint venture is set to introduce services in wealth management and broking
Jio Financial and BlackRock deal:
On April 15, Jio Financial Services declared that it has initiated a partnership with BlackRock, a US-based company, to delve...
Bajaj Finance has asserted significant upticks in fixed deposit rates across the vast majority of durations.
Bajaj Finance has declared increases in fixed deposit rates
Bajaj Finance has announced increases in fixed deposit rates across various terms. Effective April 3rd, the...
Unfortunately, five NBFCs have forfeited their Certificate of Registration to the RBI.
Five NBFCs have relinquished their Certificate of Registration to the RBI
Growing Opportunity Finance (India) Private Limited,Invel Commercial Pvt. Ltd.,Mohan Finance Ltd,Saraswati Properties Limited and...
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UBS reports strong 3Q25 performance with USD 2.8 billion PBT; underlying PBT up 28% in core businesses
UBS today announced robust third-quarter 2025 results, delivering a profit before tax (PBT) of USD 2.8 billion and an underlying PBT of USD 3.6...
ICRA Q2FY26 results: Profit after tax (PAT) Q2 FY2026 up by 29.4%, revenue from operations Q2 FY2026 up by 8.3%;
ICRA Limited announced its results for the second quarter and half year ended September 30, 2025, on October 28th, 2025.Consolidated revenue from operations increased...
TeraWulf expands strategic partnership with Fluidstack through new 168 MW AI compute joint venture
TeraWulf Inc. a leading owner and operator of vertically integrated, low-carbon digital infrastructure, today announced that it has executed a long-term high-performance computing (HPC)...
Mahindra Finance reports 54% growth in profit to ₹569 crore
The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance / MMFSL), a leading provider of financial services in Emerging India,...