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The Economic Times
RBI lifts restrictions on IIFL Finance's gold loan business
The Reserve Bank of India has lifted restrictions on IIFL Finance's gold loan operations, effective immediately. This decision ends a hiatus that began on March 4, 2024. IIFL Finance is now allowed to resume its gold loan activities while adhering to all relevant laws and regulations, ensuring high standards of compliance and customer service.
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Thu, Sep 19, 2024
CNBC TV18
Religare Enterprises clears ₹163.75 crore debt, becomes debt-free
"Upon such re-payment, the company has now become an external debt-free entity," the financial services company stated in an exchange filing on September 19, 2024.
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Thu, Sep 19, 2024
The Economic Times
Early-stage VC z21 Ventures raises $20 million in first close of second fund
Founded in 2022 by healthcare focused software-as-a-service (SaaS) unicorn Innovaccer cofounder and CEO Abhinav Shashank and former Innovaccer executive Raj Shekhar Singh, z21 Ventures runs as a collective of Indian-origin tech executives in the US.
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Thu, Sep 19, 2024
Business Standard
One startup per district: Digital portal BHASKAR launched to push growth
Union Minister Piyush Goyal launched the BHASKAR portal to connect startups, investors, and service providers, a move aimed at pushing the Centre's efforts to promote the startup sector
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Thu, Sep 19, 2024
The Economic Times
Update makes X available again to many in Brazil
Social-media platform X became accessible to many users in Brazil after an update circumvented a Supreme Court block order. The update used third-party cloud services, allowing access without a VPN. The number of users accessing X is unknown. Anatel is working to notify providers to block access again.
The Economic Times
Buy CCL Products India, target price Rs 881: LKP Securities
CCL Products India Ltd. key Products/Revenue Segments include Coffee and Other Services for the year ending 31-Mar-2023.
The Economic Times
Hold PI Industries, target price Rs 4980: Axis Securities
PI Industries Ltd. key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2024.
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Thu, Sep 19, 2024
The Economic Times
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Thu, Sep 19, 2024
Mint
Stock market today: Birlasoft, Granules, RBL Bank among ten stocks in F&O ban list on Sept 19
Aarti Industries, Balrampur Chini, Biocon, Birlasoft, GNFC, Granules India, LIC Housing Finance, Oracle Financial Services, PNB, and RBL Bank are the ten stocks on the NSE's F&O ban list on September 19.
The Economic Times
Trai recommends overhaul of telecom licensing regime
The Telecom Regulatory Authority of India (Trai) has proposed a unified authorisation regime for telecom services, including mobile, internet, and satellite. This overhaul aims to simplify the licensing process and reduce entry fees. The proposal excludes over-the-top services and suggests merging various service categories to streamline operations.
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Wed, Sep 18, 2024
Business Standard
Yum! Brands appoints Pewekar as MD for Pizza Hut in Indian subcontinent
Yum! Brands, the US-based quick-service restaurant major, on Wednesday announced the appointment of Rohan Pewekar as the Managing Director (MD) for Pizza Hut in the Indian subcontinent. Yum! Brands owns restaurant chains, including KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill. Pewekar will be based in Gurugram and will lead Pizza Hut's operations across India, Nepal, Bangladesh, Sri Lanka, and the Maldives, according to a statement. He will lead Pizza Hut for its next phase of expansion in the region, it added. Pewekar, an alumnus of IIM Calcutta and Wharton School, has been with Pizza Hut for over four years. He played a pivotal role in driving the brand's rapid growth in the region, serving as Chief Strategy and Finance Officer, it added. He has nearly 15 years of experience in B2C sectors and brings cross-functional expertise in finance, go-to-market strategies, channel expansion, and more. Before joining Pizza Hut, Pewekar worked with Samsung Electronics India and ..
Business Standard
Trai excludes OTTs like WhatsApp, Telegram from licensing regime overhaul
Three broad categories of telecommunication service authorisations proposed in move to streamline rules
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Wed, Sep 18, 2024
Business Standard
Godrej Capital to enter affordable housing loan segment by December
Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday. The company currently manages an asset base of Rs 13,000 crore, after reaching an AUM of Rs 10,000 crore in FY24. It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated. The company's strategic focus will be on the small and medium enterprises (SME), micro, small, and medium enterprises (MSME), and home loan segments. As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year. "Our focus will be towards smaller loan amounts, aimed at meeting the needs of affordable ...
The Economic Times
Amazon boosts warehouse worker pay by at least $1.50 an hour
Employees will start receiving Prime, Amazon’s speedy shipping and video subscription service, as part of their compensation beginning early next year, the company said. The additional investment in pay and benefits, $2.2 billion, is the company’s largest, logistics chief Udit Madan said in the blog.
Business Line
Data benchmarking for REITs launched for easy access to information
As part of this initiative, under SEBI’s guidance, three leading financial services companies — CareEdge, CAMS, and KFintech — launched dedicated platforms
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Wed, Sep 18, 2024
The Economic Times
The Goa cabinet has approved a proposal by IIT alumni to invest Rs 700 crore in introducing electric buses for the state's public transport system. The initiative aims to roll out 500 EV buses, enhancing the fleet of Kadamba Transport Corporation Limited and reviving non-operational routes and interstate services.
The Economic Times
CAMS, CareEdge, KFintech set up dedicated platforms for REIT information
Financial services companies CareEdge, CAMS, and KFintech, along with the Indian REITs Association, have launched platforms to provide key information on Real Estate Investment Trusts (REITs). This initiative aims to enhance transparency and help investors make informed decisions by offering comprehensive data and comparative analysis under the guidance of SEBI.
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Wed, Sep 18, 2024
Business Line
Amazon.in to offer ‘phone set-up service’ in 300 cities
Amazon.in offers doorstep tech assistance service
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Wed, Sep 18, 2024
The Economic Times
Chevron to set up $1 billion Chevron ENGINE centre at RMZ Ecoworld 30-series in Bengaluru
RMZ Corporation has leased over 3 lakh sq ft of office space to Chevron Global Technology & Services in Bengaluru. This space will house Chevron's first global captive centre outside the US. The facility, located in RMZ Ecoworld, will be operational by year-end and can accommodate over 2000 employees.
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Wed, Sep 18, 2024
The Economic Times
Market Wrap: Sensex, Nifty end in red after recording lifetime highs as Infosys, TCS trigger fall
Indian headline indices ended lower on Wednesday, led by declines in IT heavyweights Infosys and TCS. Nifty closed at 25,377.55, down 41 points, while Sensex settled at 82,948.23, down 131.43 points. Banking and financial services sectors were the only gainers among Nifty sectoral indices.
Business Standard
TCS inks 2-year partnership deal with McDonald's Philippines
Tata Consultancy Services (TCS) informed that it has signed a two-year partnership with George Yang-led Golden Arches Development Corporation (GADC), master franchise holder of McDonald's in Philippines to modernize IT Landscape for 760+ restaurants.
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Wed, Sep 18, 2024
Mint
Top Gainers and Losers Today : The Sensex lost 131.43 points, or -0.16, to settle at 83079.66, while the Nifty lost 41.0 points, or -0.16, to close at 25418.55.
The Economic Times
Ola Electric forms new service team amid rising customer complaints
Ola Electric has established a new service team to address the increasing number of customer complaints regarding service issues. The company receives around 80,000 complaints monthly, leading to long wait times and customer dissatisfaction. Shares of Ola Electric Mobility Ltd surged 10% following the announcement.
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Wed, Sep 18, 2024
Business Standard
Oracle Financial Services Software Ltd leads losers in 'A' group
Rites Ltd, Mphasis Ltd, Blue Dart Express Ltd and Time Technoplast Ltd are among the other losers in the BSE's 'A' group today, 18 September 2024.
The Economic Times
Buy Krishna Institute of Medical Sciences, target price Rs 3300: HSBC
Krishna Institute of Medical Sciences Ltd., incorporated in the year 1973, is a Small Cap company (having a market cap of Rs 21735.55 Crore) operating in Hospitals & Allied Services sector.
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Wed, Sep 18, 2024
The Economic Times
Reliance Jio’s ‘Diwali Dhamaka’ offer: One year of free JioAirFiber—How to avail and key dates
Jio Offer: Reliance Jio has launched the 'Diwali Dhamaka' offer, providing one year of free JioAirFiber service. Customers can qualify by spending Rs 20,000 or more at Reliance Digital or MyJio stores, or by opting for a new JioAirFiber connection with a 3-month Diwali plan. Existing users can also benefit by making an advance recharge.
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Wed, Sep 18, 2024
The Economic Times
India presents exciting opportunity, world moving into an Indian era: Salesforce chairman
Salesforce CEO Marc Benioff highlighted India's growing significance, calling it an 'Indian era' at the Dreamforce event. The company has over 11,000 employees in India and is investing aggressively. Salesforce launched 'Agentforce,' an autonomous AI solution, aiming to revolutionize customer service and other functions.
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Wed, Sep 18, 2024
Business Standard
Financials stocks were trading in the positive zone, with the BSE Financial Services index rising 73.03 points or 0.62% at 11817.53 at 09:46 IST.
The Economic Times
Bet on these 5 NBFCs as highly-anticipated rate cuts promise windfall for investors
With interest rate cuts expected this year, non-banking financial companies (NBFCs) are set to benefit significantly. Analysts highlight the potential for growth in NBFC assets under management, especially in consumer finance and gold-based lending. Stocks like Bajaj Finance, M&M Financial Services, and Shriram Finance are recommended for investment due to their strong asset quality and favorable loan compositions.
The Economic Times
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Wed, Sep 18, 2024
Mint
Ola Electric service crisis: New team to manage backlog as complaints rise to 80,000 a month
Ola Electric’s problem of service delays coincides with a drop in sales. In August, it posted its worst monthly volumes this year, selling 27,506 units—a 34% decline from July—and saw its market share drop to 31% from 39%.
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Wed, Sep 18, 2024
Business Standard
Donald Trump launches cryptocurrency venture World Liberty Financial
Republican presidential nominee Donald Trump launched his family's cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform in which he also gave his first public comments on the apparent assassination attempt against him a day earlier. Trump did not discuss specifics about World Liberty Financial on Monday or how it would work, pivoting from questions about cryptocurrency to talking about artificial intelligence or other topics. Instead, he recounted his experience Sunday, saying he and a friend playing golf heard shots being fired in the air, and I guess probably four or five. I would have loved to have sank that last putt, Trump said. He credited the Secret Service agent who spotted the barrel of a rifle and began firing toward it as well as law enforcement and a civilian who he said helped track down the suspect. World Liberty Financial is expected to be a borrowing and lending service used to trade cryptocurrencies, which are forms of ..
The Economic Times
DGCA probes tail strike incident involving IndiGo plane; derosters flight crew
The Directorate General of Civil Aviation (DGCA) is investigating a tail strike incident involving an IndiGo A321 aircraft on September 9. The aircraft, which was operating a flight from Delhi to Bengaluru, has been grounded in Bangalore for maintenance. The flight crew has been derostered pending the investigation, and the plane will return to service after necessary repairs.
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Tue, Sep 17, 2024
Business Standard
Infosys enters collaboration with UK's Metro Bank to digitalise operations
Indian IT major Infosys on Tuesday said it has entered into a long-term collaboration with British community bank Metro Bank to digitise the bank's operations. The collaboration will utilise Infosys Topaz, the firm's AI-first offerings, to enhance Metro Bank's digital capabilities, improve automation, refine data, and embed further AI capabilities. This will assist the bank in increasing efficiency and saving costs, a regulatory filing said. "At the end of this transformation, we will be a very different business, but the true essence of Metro Bank will remain the same -- a high-quality service organisation putting customers centre-stage," Metro Bank CEO Daniel Frumkin said. The bank expects to deliver 80 million pounds of annualised cost savings this year across multiple initiatives, as it progresses towards the target of reaching mid-to-high teen return on tangible equity by 2027, he added. "Our shared goal is to continually enhance customer engagement, community focus, and the
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Tue, Sep 17, 2024
The Economic Times
Enterprise-focused data infrastructure startup e6data raises $10 million led by Accel
California-and Bengaluru-based data infrastructure startup e6data will use these funds to double down on R&D, acquire more clients and scale its hiring. Founded in 2021, e6data has created a hyper-performance computation engine for data intelligence platforms and offers its solution as a managed service for enterprises.
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Tue, Sep 17, 2024
Business Standard
Redcliffe Labs raises $42 mn in Series C funding to expand across India
The diagnostics service provider will use the funds to open more labs and collection centres, along with an expansion of its home collection network
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Tue, Sep 17, 2024
Business Line
Broker’s Call: Dixon Technologies (Buy)
Motilal Oswal Financial Services
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Tue, Sep 17, 2024
Business Standard
Triveni Turbine Ltd leads losers in 'A' group
Godfrey Phillips India Ltd, Inox Green Energy Services Ltd, BLS International Services Ltd and Prakash Industries Ltd are among the other losers in the BSE's 'A' group today, 17 September 2024.
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Tue, Sep 17, 2024
Business Standard
Geojit Financial Services Ltd leads losers in 'B' group
Biofil Chemicals & Pharmaceuticals Ltd, Vimta Labs Ltd, Ruchira Papers Ltd and Sportking India Ltd are among the other losers in the BSE's 'B' group today, 17 September 2024.
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Tue, Sep 17, 2024
CNBC TV18
BLS International Services Block Deal: Shares fall 4% after block deal worth ₹224 crore
As many as 55 lakh shares or 1.3% of the overall equity changed hands in the block deal, according to data available on the exchanges.
