Business

Infibeam’s CCAvenue Expands Merchant Access Through Shivalik SFB Partnership

Infibeam Avenues' CCAvenue, a leading payments platform, has entered into a strategic partnership with Shivalik Small Finance Bank (SFB) to enhance merchant access. Through this collaboration, merchants registered with CCAvenue will gain access to Shivalik SFB's extensive customer base. The...

GetVantage Secures NBFC License from RBI: Pioneering RBF Start-up

In a groundbreaking move, GetVantage, a start-up specializing in revenue-based finance (RBF), has achieved a significant milestone by obtaining a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). This accomplishment marks a pivotal moment as GetVantage...

Paytm Leadership Changes and Expansion in Financial Services

In a strategic move to bolster its financial services division, Paytm has announced significant leadership changes and portfolio expansions. The company aims to double down on its commitment to offering diverse financial products and enhancing its market presence. Leadership Transitions...

REC Receives RBI Approval to Establish Subsidiary in GIFT City

In a significant development, REC Ltd., under the Ministry of Power, has obtained approval from the Reserve Bank of India (RBI) to establish a subsidiary in Gujarat International Finance Tech-City (GIFT), Gandhinagar. This move reflects REC’s strategic initiative to diversify...

RBI Approves Re-appointment of Atanu Chakraborty as HDFC Bank Part-Time Chairman

Atanu Chakraborty's re-appointment as part-time Chairman of HDFC Bank for three years, effective from May 5, 2024, to May 4, 2027, has been approved by the Reserve Bank of India (RBI). The Board of Directors has also sanctioned his re-appointment...

American Express Announces Inauguration of 1 Million Sq Ft Campus in Gurugram

American Express is set to inaugurate its expansive new campus in Gurugram, spanning nearly one million square feet, showcasing the company's commitment to fostering a vibrant work environment. The move signifies a strategic step in leveraging global expertise and local...

Adani Green Energy Secures $400 Million Finance for Solar Projects

Adani Green Energy Ltd (AGEL) has successfully obtained a $400 million finance package from a consortium of five international banks to support its ongoing solar projects in Gujarat and Rajasthan. These projects, totaling 750 MW in capacity, are slated to...

Adani Green Energy Secures $400 Million Financing for 750 MW Solar Projects

Adani Green Energy Ltd (AGEL) has successfully secured USD 400 million financing from a consortium of five leading international banks for its 750 MW solar projects in Rajasthan and Gujarat. The financing will support the construction of these projects, expected...

Micron’s Venture in India: Rollout of First India-Made Chips

Micron India's Sanand unit gears up to unveil its inaugural batch of domestically manufactured semiconductor chips in 2025, with a focus on global exportation. Anand Ramamoorthy, the managing director, underscores the burgeoning global demand, strategic partnerships, and the diverse applications...

Former BharatPe COO Dhruv Bahl Launches Eternal Capital VC Fund

In the dynamic landscape of Indian startups, former BharatPe COO Dhruv Dhanraj Bahl steps into the world of venture capital with the launch of his maiden fund, Eternal Capital, with a substantial corpus of Rs 240 crore, including a greenshoe...