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NIIF Acquires IDFC Infrastructure Finance

NIIF Acquires IDFC Infrastructure Finance

The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The...

RBI Issues Guidelines To Facilitate Payments Among PPI

In a move aimed at promoting digital transactions, the Reserve Bank of India (RBI) has released operational guidelines to facilitate payments among prepaid instruments...

TCS Displaces Accenture As Largest IT Firm Servicing Banks

Tata Consultancy Services (TCS) Ltd’s quarterly earnings from the financial sector have edged past that of Accenture Plc, which is nearly double its size,...

RIL Announces ‘Strategic’ Partnership With Hathway And Den

Mukesh Ambani’s Reliance Industries made it official that it is entering a strategic investment partnership with Den Networks Limited and Hathway Cable and Datacom...

Google To Shut Down Google+ For Consumers Over The Security Lapse

Google will shut down Google+ for consumer use over the next 10 months after a bug exposed the personal data of up to 5...

Reliance Health Insurance Gets Final Approval From IRDAI

Reliance Health Insurance, a wholly-owned subsidiary of Reliance Capital,  has received final approval from IRDAI for its new health insurance business. The new company...

RBI Allows State-Owned Oil Companies To Borrow Long Term Working Capital

The Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long-term working capital from overseas. RBI relaxed the policy on borrowing...

Paytm Tops UPI Payments With Over 33% Market Share

Alibaba and SoftBank-backed Paytm registered over 137 million UPI transactions in September, becoming the leading contributor to Unified Payments Interface (UPI) payments with over...

FDI in Telecom Sector Jumped Five Times In Three Years

FDI in the telecom sector has jumped nearly five times in the last three years – from USD 1.3 Billion in 2015-16 to USD...

Vodafone Idea Board Approves Merger With Aditya Birla Telecom

The Board of Directors of Vodafone Idea Limited, India's largest telecom operator, approved merger of the Vodafone Idea Limited with the Aditya Birla Telecom...