Zurich Insurance Group Invests ₹4,051 Crore in Kotak General Insurance, Marking Largest Foreign Investment in Indian Non-Life Insurance
Zurich Insurance Group has announced a strategic alliance with Kotak Mahindra Bank, one of India’s leading private sector banks, by acquiring a 51% stake in Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) for approximately USD 488 million.
Faster Speeds, Better Coverage, Lower Latency: Nokia and TATA Play Fiber Bring WiFi6 to India
Under the agreement, Nokia will supply Tata Play Fiber with an array of fiber-to-the-home (FTTH) and Wi-Fi equipment to support the broadband network expansion across India. This includes Optical Line Terminal (OLT), Optical Network Terminal (ONT) with Wi-Fi 6, and Wi-Fi mesh beacons.
Chaitanya India Fin Credit Acquisition: A New Chapter in Svatantra Microfin’s Growth Story
Svatantra Microfin Private Limited’s acquisition of Chaitanya India Fin Credit Private Limited, a subsidiary of the Navi Group led by Sachin Bansal, marks a significant consolidation in the Indian microfinance sector. This strategic move, valued at Rs 1,479 crore (approximately $178 million), has positioned Svatantra as the second-largest microfinance company in India.
Digital Innovation Meets MSME Expertise: Mastercard and U GRO Capital Partner for Growth
This collaboration aligns with Mastercard’s global mission of driving financial inclusion. Mastercard has committed to integrating one billion people and 50 million micro and small businesses, including 25 million female entrepreneurs, into the digital economy by 2025
Zomato Empowers Women with Maternity Insurance Plan for Delivery Partners
The insurance plan offers up to ₹25,000 for natural childbirth, up to ₹40,000 for cesarean sections, and up to ₹40,000 in case of maternity complications such as miscarriage and abortion.
GIFT City IFSC Registration Opens Doors for IndiaFirst Life’s Global Ambitions
IndiaFirst Life Insurance has achieved a significant milestone by becoming the first life insurance company to receive registration within the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC).
Leaping Ahead: OneWeb India First to Receive Satellite Broadband Authorization in India
OneWeb India, a subsidiary of Eutelsat OneWeb, has made a significant breakthrough by becoming the first company to receive approval from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial satellite broadband services in India.
Transforming Logistics in India: Blue Dart and India Post Team Up
Blue Dart Express has a market capitalization of Rs. 16,276 crores. The company’s shares opened higher at Rs. 6,916 compared to its previous close at Rs. 6,859, hitting a high of Rs. 6,949, which is around a 0.5 percent gain.
Empowering MSMEs, Expanding Markets: DGFT-E-commerce Partnership Fosters Export Success
The DGFT’s collaboration with Amazon India serves as the first example of this initiative. Under the MoU, Amazon and DGFT will jointly develop capacity-building activities, training, and workshops for MSMEs in designated districts. The initiative aims to connect local producers with global supply chains, focusing on remote and rural areas, and enable exporters and MSMEs to sell their “Made in India” products abroad.
RBI Steps In: Abhyudaya Cooperative Bank’s Board Superseded for 12 Months
the Reserve Bank of India (RBI) has taken the decision to supersede the Board of Directors of Mumbai-based Abhyudaya Cooperative Bank for a period of 12 months.