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Panel Proposes Regulatory Regime for Financial Services in GIFT IFSC

A committee proposes a comprehensive regulatory regime for bookkeeping, accounting, and taxation in GIFT City's IFSC, aiming for global finance hub status....

Nippon India Mutual Fund Commits to Uttar Pradeshs Mutual Fund Growth

Nippon India Mutual Fund aims to strengthen its physical and digital presence in Uttar Pradesh, recognizing its potential as a flag bearer for the mutual fund industry....

What Is Pradhan Mantri Jan Dhan Yojana? Features, Limitations And Initiatives - EXPLAINED!

In 2014, the Indian government initiated a revolutionary step towards financial inclusion with the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY). Geared towards providing basic financial services to all citizens, the scheme has made strides in enhancing financial literacy ...

Kotak Mahindra Bank Sells 70% Stake in General Insurance Arm to Zurich Insurance

Zurich Insurance Company has agreed to acquire a 70% stake in Kotak Mahindra General Insurance for a total consideration of approximately Rs 5,560 crore....

Paytm, Paytm Payments Bank Face Scrutiny from Authorities

One97 Communications and Paytm Payments Bank have been receiving notices and requests for information regarding customers. Paytm Payments Bank does not engage in outward foreign remittances....

CCI Clears Proposed Merger of Shriram Group Entities

The Competition Commission of India (CCI) has approved the proposed merger of various entities of the Shriram Group, including Shriram GI Holdings Pvt Ltd with Shriram General Insurance Company Ltd and Shriram LI Holdings Pvt Ltd with Shriram Life Insurance Company Ltd....

Investment Opportunities: Groww And Old Bridge Launch New Fund Offers For Mutual Fund Investors

In the world of investments, mutual fund enthusiasts will see two new players entering the scene. Groww and Old Bridge are set to take over investors with their New Fund Offers (NFOs), providing fresh avenues for wealth creation. Groww Banking & ...

With inventory to administration: Analyzing Abans' Financial Odyssey

Abans Holdings Limited (formerly Abans Holdings Private Limited) is a dynamic and diversified financial services company founded in 2009 by Mr. Abhishek Bansal. With a global presence across India, the United Kingdom, Dubai, Shanghai, Hong Kong, and Mauritius, Abans Holdings has ...

CCI approves IndusInd International Holdings, IIHL BFSI India, Aasia Enterprises stake acquisition in Reliance Capital

Competition Commission of India clears the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI India Ltd, and Aasia Enterprises....

SBI Pumps Rs 200 Crore Into Muthoot FinCorp's Growth Plan Via NCD Investment

Muthoot FinCorp, the leading financial services company under the Muthoot Pappachan Group (Muthoot Blue), has secured a Rs 200 crore investment from the State Bank of India (SBI) in non-convertible debentures (NCDs). The announcement, made by Muthoot FinCorp, highlights the significance ...

Fairfax Group Divests 5.7% Stake in IIFL Finance for Rs 1,198 Crore

Canadian billionaire Prem Watsa's Fairfax Group has divested a 5.7% stake in IIFL Finance for Rs 1,198 crore through an open market transaction....

LIC To Expand Global Presence With New Office In GIFT City; Read About The String Of Developments

The Life Insurance Corporation of India (LIC) is set to open a new office in the GIFT International Financial Services Centre in Gandhinagar, Gujarat, during the financial year. This development aligns with LIC's vision to enhance its overseas business operations. LIC ...

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