Tata Capital’s Foray into Higher Education Loan Market
Tata Capital, the flagship financial services company of the Tata Group, has launched a new product in the education loan segment. The company aims to provide financial support to students who want to pursue higher education in India or abroad. The company offers collateral-free loans up to Rs 75 lakhs and secured loans up to […]
Cabinet Approves Rs 8,500 Cr Incentive for Coal Gasification
The Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said. The adoption of gasification technology in India is expected to reduce the country’s reliance on imports of natural gas, methanol, ammonia and other essential products . What is coal gasification? Coal gasification is a process that converts […]
SBI Life Debuts Term Plans with Life Protection, Premium Returns
SBI Life Insurance has launched two new term plans that offer life protection and premium returns. These plans are Saral Swadhan Supreme and Smart Swadhan Supreme. They are designed to cater to the evolving needs of customers who want to secure their financial future and fulfil their commitments. The new term plans provide a lump […]
India’s First Self-Made Aircraft Seat Debuts at Wings India 2024
India’s aviation industry witnessed a historic moment as the country’s first-ever self-made aircraft seat was launched at the prestigious Wings India 2024 event. The seat, designed and manufactured by Bengaluru-based engineering company Timetooth, is a result of years of research and development in collaboration with the Directorate General of Civil Aviation (DGCA) and Indian airline […]
CCI Approves Burman’s Stake in Religare
The Competition Commission of India (CCI) has given the green light to the Burman family, the promoters of Dabur India, to acquire a majority stake in Religare Enterprises, a financial services company. The deal involves open market purchases and an open offer for up to 53.94% of the total share capital of Religare. Religare Enterprises […]
CCI Approves Tata’s Acquisition of Wistron Infocomm
Tata Electronics, a venture of Tata Sons, has acquired 100% of Wistron Infocomm Manufacturing (India), an iPhone supplier, with the approval of the Competition Commission of India (CCI). This deal will boost Tata’s presence in the smartphone manufacturing sector and strengthen its partnership with Apple. Introduction Tata Electronics, a greenfield venture of Tata Sons Private […]
JSW’s 38% Stake in MG Motor: Approved by Competition Commission of India
The Competition Commission of India (CCI) has cleared the proposed acquisition of up to 38% stake in MG Motor India by JSW Ventures Singapore, a subsidiary of JSW International Tradecorp and part of JSW Group. The deal is expected to boost the growth prospects of MG Motor India, which is engaged in the manufacturing and […]
RBI Announces Revised Eligibility for UCBs in Second Schedule
The Reserve Bank of India (RBI) has announced new eligibility criteria for inclusion of Urban Co-operative Banks (UCBs) in the Second Schedule to the RBI Act, 1934. The Second Schedule lists the banks that are eligible to participate in the statutory liquidity ratio (SLR) and cash reserve ratio (CRR) requirements, and also enjoy certain benefits […]
Bajaj Finance: High CIBIL Score for Gold Loans Required?
Gold loans are one of the most convenient and hassle-free ways of financing your urgent needs. Whether you need funds for education, medical emergencies, business expansion, or any other purpose, you can rely on gold loans to meet your requirements. But what about your CIBIL score? Do you need a high credit score to avail […]
Seed Round Decoded: Dale Vaz’s Post-Swiggy Startup Journey
Dale Vaz, who served as the chief technology officer of food delivery giant Swiggy for three years, has launched his own startup in the fintech space. Aaritya Technologies, a personalized trading platform, has secured $6.8 million in seed funding from Accel Partners and Elevation Capital in September 2023. What is Aaritya Technologies? According to the […]