Digit’s IPO concludes with a subscription of 9.6 times, with QIBs submitting the highest number of bids
Digit IPO Subscribed 9.6 Times
On May 17, Go Digit General Insurance, an Insurtech unicorn, witnessed a subscription of 9.6 times for its public issue...
RBI Empowers Positive Decrease in Government Treasury Bill Auction Volume
RBI Reduces Government Treasury Auctions:
Amid tight liquidity conditions, the central bank has announced a significant reduction in government treasury bill sales and introduced new...
Bandhan Bank Q4 Results: Net profit drops 93% to ₹54 crore,Dividend declared
Bandhan Bank Q4 Results:
Bandhan Bank reported its January-March quarter results for fiscal year 2023-24 (Q4FY24) on Friday, May 17, revealing a 94% drop in...
Government examining RBI’s draft regulations on project finance, states DFS secretary
Government review of RBI draft regulation
The government and the Indian Banks Association (IBA) are currently reviewing the Reserve Bank of India’s (RBI) draft guidelines...
The GIFT Nifty suggests a favorable beginning for the domestic benchmarks BSE Sensex and NSE Nifty 50 in the special trading session
Positive Start: GIFT Nifty Signals
The GIFT Nifty rose by 45.50 points or 0.21% to reach 22,551, signaling a favorable start for the domestic benchmarks...
Policy Bazar Fintech’s top two Executives at Plan to Sell 1.86% Stake
Policy Bazar Fintech Execs to Sell 1.86% Stake
Yashish Dahiya, chairman and CEO, and Alok Bansal, vice-chairman of Policy Bazar Fintech, the parent company of...
Propelld secures $25 million in debt financing for its NBFC subsidiary, Edgro
Propelld Secures $25M Debt for NBFC Subsidiary Edgro:
Propelld, an education-focused lending platform, has secured $25 million in debt financing for its wholly-owned NBFC subsidiary,...
Insurance: Survey reveals that 6 out of 10 consumers complain about insurance mis-selling
Insurance survey:
Highlighting the widespread issue of manipulative selling in the insurance sector, a survey by LocalCircles found that six out of 10 consumers using...
RBI imposes monetary penalty on 2-Co-operative Bank
RBI monetary Penalty on The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat
The Reserve Bank of India (RBI) has, by an order dated May 8,...
RBI’s bond buyback yields only Rs 2,069 crore out of the notified Rs 60,000 crore.
RBI's bond buyback
The RBI repurchased only ₹2,069 crore of government bonds from a notified amount of ₹60,000 crore, as banks were unwilling to sell...
China’s retail sales and investment figures for April fell short of expectations
China's retail sales and investment data:
On Friday, China reported data indicating slower consumer growth while industrial activity remained robust. Retail sales increased by 2.3%...
FinLocker raises $17 million in Series B funding to enhance the homeownership journey
FinLocker Secures $17M in Series B to Improve Homeownership
Radian Group led the investment in FinLocker, with continued support from existing shareholders, marking a significant...
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Indian mutual fund industry sees steady growth in January 2026, crosses ₹81 lakh crore AUM milestone
The Indian mutual fund industry sustained its growth trajectory in January 2026, with the Net Assets Under Management (AUM) climbing to ₹ 81.01 lakh crore,...
Exito Media Concepts announces the 44th edition of the enterprise Tech Summit – Saudi Arabia 2026
Saudi Arabia is undergoing a defining phase in its digital transformation journey, powered by rapid advancements in AI adoption, cloud modernization, smart governance, and...
Carlyle to invest ₹2,100 Cr in Edelweiss’ Nido Home Finance
Edelweiss Financial Services Limited (Edelweiss) and global investment firm The Carlyle Group (NASDAQ: CG) today announced that investment funds affiliated with Carlyle will acquire...
Exito Media Concepts presents the 31st edition of the future industry summit – Saudi Arabia 2026
Saudi Arabia’s manufacturing sector is entering a pivotal phase of transformation, driven by rapid advancements in smart factory technologies, AI-led automation, industrial IoT, robotics,...