Finance - general

Wells Fargo eliminates 400 jobs in India in move to optimise global capability centres

By Unnikrishnan | 17 Jul 2025

American multinational financial services company Wells Fargo is reported to have eliminated 400 jobs, mainly in the engineering and administrative divisions in India

UK’s FCA partners with Nvidia to launch AI sandbox for financial innovation

By Cygnus | 09 Jun 2025

Financial companies in the UK will soon have a new platform to explore artificial intelligence tools, thanks to a new initiative from the Financial Conduct Authority (FCA).

Aviva's $4.9 billion Direct Line takeover faces UK antitrust scrutiny

14 May 2025

Aviva’s ambitious £3.7 billion ($4.92 billion) acquisition of Direct Line Group has hit a regulatory speed bump, as the UK’s Competition and Markets Authority (CMA)

Aviva's $4.9 billion Direct Line takeover faces UK antitrust scrutiny

14 May 2025

Aviva’s ambitious £3.7 billion ($4.92 billion) acquisition of Direct Line Group has hit a regulatory speed bump, as the UK’s Competition and Markets Authority (CMA)

Intel to sell 51% stake in Altera to buyout firm Silver Lake for $4.46 billion

15 Apr 2025

Chipmaker Intel is selling a 51 per cent stake in its Altera programmable chip unit to buyout firm Silver Lake, for $4.46 billion, in a deal that values the struggling business at $8.75 billion

Cabinet approves incentive scheme for low-value BHIM-UPI transactions

20 Mar 2025

The union cabinet on Wednesday approved an incentive scheme for promotion of low-value BHIM-UPI transactions for the financial year 2024-25.

Cabinet approves incentive scheme for low-value BHIM-UPI transactions

20 Mar 2025

The union cabinet on Wednesday approved an incentive scheme for promotion of low-value BHIM-UPI transactions for the financial year 2024-25.

Blackstone to acquire up to 40% stake in Kolte Patil Developers

17 Mar 2025

US investment firm Blackstone is acquiring a 14.3 per cent stake in Kolte Patil Developers by way of a preferential allotment of shares

Volkswagen tells court a $1.4 bn tax liability threatening its India operations

20 Feb 2025

Skoda Auto Volkswagen India Private Limited (SAVWIPL), the Indian arm of Germany’s Volkswagen Group, told the Bombay High Court on Monday

Hindenburg founder to close short-seller behind Adani, Nikola selloffs

16 Jan 2025

One man who is bound to be very happy with the news of Hindenburg Research closing down will be Gautam Adani

SEBI warns Ola Electric over disclosure violations

By Cygnus | 08 Jan 2025

India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued a stern warning to Ola Electric for failing to follow disclosure norms.

GST revenues up 7.3% year-on-year at Rs1.77 lakh crore in December

02 Jan 2025

Revenue collected by way of Goods and Services Tax (GST) in India increased 7.3 per cent year-on-year to Rs1.77 lakh crore in December 2024

GST Council recommends hike in GST on sale old vehicles to 18%

22 Dec 2024

The 55th meeting of the GST Council, at its meeting in Jaisalmer, Rajasthan on Saturday, recommended an increase in the GST rate on sale of old and used vehicles

Skoda-Volkswagen India faces Rs12,000-cr tax evasion charge

18 Dec 2024

Customs authorities in Maharashtra have slapped Skoda-Volkswagen India with a Rs12,000 crore charge for import duty evasion through falsification of import documents.

Hinduja Group to acquire Reliance Capital by end-January

15 Dec 2024

Hinduja Group company IndusInd International Holdings Ltd (IIHL) said it would complete the Rs9,861-crore acquisition of debt-laden Reliance Capital (RCap) by January 2025

Senior bankers in PSBs are in firing line: AIBEA

By Venkatachari Jagannathan | 11 Nov 2024

In the guise of retiring inefficient senior employees in the public sector banks, the Indian government is interfering in the day to day affairs of the banks and threatening the job security of employees

GST collection up 9% at Rs1.87 lakh crore in October

02 Nov 2024

Gross collection of revenue by way of Goods and Services Tax (GST) in India increased by nearly 9 per cent year-on-year and stood at a 6-month high of Rs1.87 lakh crore in October.

Jio Financial Services get RBI nod for online payment business

30 Oct 2024

Jio Payment Solutions Limited (JPSL), the wholly-owned subsidiary of Jio Financial Services Ltd (JFSL), has received approval from the Reserve Bank of India

Govt doubles Mudra loan limit to Rs20 lakh

27 Oct 2024

The finance ministry on Friday announced a doubling of the ceiling of Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) from the current Rs10 lakh to Rs20 lakh.

Temasek arm Fullerton to take controlling stake in Lendingkart: report

19 Oct 2024

Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart

Overseas claims on India up $6.7 bn at $368.3 bn in Q1 FY25

05 Oct 2024

Net claims of non-residents on India, in terms of the country’s International Investment Position (IIP), increased by $6.7 billion to $368.3 billion

Karnataka may exempt electric and hybrid vehicles from paying road tax

26 Sep 2024

The Karnataka government is reported to be planning to give exemption form road tax to electric and hybrid vehicles with a price tag of less than Rs25 lakh, as part of its efforts to develop a clean mobility

GST Council recommends panel of ministers to decide on rate rationalisation

10 Sep 2024

The GST Council, which met on Tuesday to review and rationalise the rate structure, has recommended the creation of a Group of Ministers (GoM) to look into the issues related to the GST on life and health insurance

India plans Rs5,00,000-cr sovereign wealth fund

09 Sep 2024

Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)

India plans Rs5,00,000-cr sovereign wealth fund

09 Sep 2024

Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)