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Mumbai Rains: India's Financial Capital Finally Gets Relief After Long Wait — Check IMD Forecast For The Week
Parts of Mumbai received light to moderate showers on Sunday morning, offering some respite to people from the prevailing heat and humidity.
TrueAlt Bioenergy Gets Financial Assistance Worth Rs 150 Crore For Sustainable Aviation Fuel Project
The financial assistance is set to incentivise close to 710% of the project's capital expenditure.
RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank
The Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its deteriorating financial condition. The bank's inability to meet its obligations and its lack of adequate capital and earning prospects led to this decision. Approximately 97.9% of depositors are expected to receive their full deposit amounts from DICGC upon liquidation.
NSE files DRHP for IPO: 10 things investors need to know
NSE’s DRHP filing sets the stage for a landmark IPO, highlighting the exchange’s market leadership, expanding investor base, robust financial performance and growing role in India’s capital markets.
Insurers face margin pressure amid rising competition, costs; rural protection gap persists: Report
Indian insurers are feeling the pinch from fierce price wars and increasing operational expenses. To thrive, they must manage capital wisely, focus on solid underwriting, and control costs. Technology and a shift towards protection products will be key to reaching more customers and rebuilding trust. Broader financial services also see growth opportunities in MSME lending and corporate banking.
DOMS Industries shares fall after equity worth nearly ₹1,000 crore changes hands in block deal
DOMS Industries' management has guided for a capital expenditure programme of ₹250 crore - ₹275 crore in the financial year 2027 and has indicated that the company would remain in a high capex cycle for the next three years as it develops its 45 acre manufacturing unit and newly-acquired land.
CCI approves Kedaara Capital's Rs 750 crore stake purchase proposal in Axis Finance
India's competition watchdog has given the green light for Kedaara Capital to invest Rs 750 crore in Axis Finance. This marks a significant primary capital raise for Axis Finance, its largest to date. It is also the first time the non-banking financial company has secured funding from an external investor.
RBI issues comprehensive instructions for regulated entities on advertising, marketing and sale of financial products
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Yes Bank, Northern Arc Capital partner to expand lending and investment access
Yes Bank and Northern Arc Capital have entered into a strategic partnership to boost credit access, scale digital lending and offer alternative investment products. The collaboration aims to strengthen financial inclusion by combining the bank's lending capacity with Northern Arc's origination network and technology platforms.
Waaree Energies gets shareholders' nod to raise up to Rs 10,000 cr via QIP
Waaree Energies shareholders have approved a significant capital raise. The company can now raise up to Rs 10,000 crore through a Qualified Institutions Placement. This move will bolster the company's financial standing. Additionally, Jignesh Devchandbhai Rathod has been appointed as Whole-Time Director and CEO. These approvals were confirmed through a remote e-voting process.
Long-awaited NSE IPO set to advance; draft papers likely next week
The long-awaited initial public offering (IPO) of the National Stock Exchange (NSE) is set to move a step closer, with the country's largest stock exchange expected to file its preliminary papers with Sebi next week, people aware of the matter said. This comes after NSE's board approved the proposed IPO on February 6, following receipt of Sebi's no-objection certificate (NOC). The public issue will be entirely an offer for sale (OFS), with no fresh issue component. According to people familiar with the development, the draft red herring prospectus (DRHP) is likely to be filed on June 15 or June 16. The exchange has a broad-based shareholder base comprising domestic financial institutions, insurance companies, foreign investors and individual shareholders. Life Insurance Corporation of India (LIC) is the single largest shareholder in NSE, holding a 10.72 per cent stake. State Bank of India (SBI) and its subsidiary, SBI Capital Markets, together own around a 7.5 per cent stake in t
Sebi to issue guidelines on responsible use of AI in capital markets, chief Pandey says
India's market regulator, SEBI, is creating rules for artificial intelligence in financial markets. SEBI chief Tuhin Kanta Pandey announced this plan. AI can help with surveillance and fraud detection. However, it also poses risks like bias and data protection issues. SEBI will issue guidelines for responsible AI use. The regulator will also consider international recommendations.