Business

ICICI Prudential Launches India’s First Oil & Gas ETF

ICICI Prudential Mutual Fund has made a significant move in the Indian investment landscape by launching the ICICI Prudential Nifty Oil & Gas ETF. ICICI Prudential Mutual Fund has made a significant move in the Indian investment landscape by launching...

SEBI Issues New Guidelines to Enhance Credit Rating Agency Operations

Markets regulator SEBI has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic...

RBI Launches Quarterly Manufacturing Survey for Q2 2024

The Reserve Bank of India (RBI) has introduced its quarterly "Order Books, Inventories and Capacity Utilisation Survey" (OBICUS) for the manufacturing sector, aimed at informing monetary policy decisions. Since 2008, this survey has provided crucial insights into key metrics such...

LIC Launches Project ‘Jeevan Samarth’ to Meet Customers’ Evolving Needs

LIC on June 4, announced the launch of 'Jeevan Samarth', an initiative aimed at transforming the agency ecosystem. To achieve this, Life Insurance Corporation (LIC) has partnered with a global consulting firm, which will undertake this agency transformation project by...

BPCL Partners with Indian Olympic Association as Principal Sponsor

Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and Fortune Global 500 Company, has proudly announced its role as the official Principal Partner of the Indian Olympic Association (IOA) for four years, spanning from the Paris Olympics in 2024 to the...

Bajaj Rolls Out World’s First CNG Bike, Gadkari Hails It as ‘Eco-friendly’ and ‘Sustainable’

Union Minister Nitin Gadkari launched Bajaj Auto’s new bike, Freedom, the world's first CNG motorcycle. He praised it as “eco-friendly” and “sustainable,” highlighting the significant issues of air, sound, and water pollution, and the high cost of fossil fuel imports...

Muthoot Finance Selected for FATF Mutual Evaluation Report 2023-24

Muthoot Finance has been exclusively selected as the only Indian NBFC for the Financial Action Task Force’s (FATF) Mutual Evaluation report for 2023-24. This recognition highlights Muthoot Finance’s global trustworthiness and compliance with stringent financial regulations. Recognition by FATF Muthoot...

Indiabulls Housing Finance Rebrands as Sammaan Capital Limited

Indiabulls Housing Finance Ltd has undergone a transformation, rebranding itself to Sammaan Capital Ltd. This change reflects its shift from a promoter-led entity to a board-run, diversified financial institution. The rebranding, effective upon receipt of regulatory approvals, marks a significant...

Paytm Launches ‘Health Saathi’ Plan at ₹35 per Month for Merchant Partners

One 97 Communications Limited, the parent company of Paytm, has introduced 'Paytm Health Saathi', an affordable healthcare and income protection plan tailored for its merchant partners. Available through the 'Paytm for Business' app, this initiative aims to support the well-being...

RBI, ASEAN to Create Platform for Fast Cross-Border Retail Payments

The Reserve Bank of India (RBI), along with the Bank for International Settlements (BIS) and central banks of four ASEAN countries, is collaborating on Project Nexus, a multilateral initiative aimed at enabling efficient, faster, and cost-effective retail cross-border payments. The...