finance

Commerce Ministry knocks on the door of FinMin; seeks financial support to pay employees of MMTC under VRS scheme

The Commerce Ministry has sought financial support from the Finance Ministry to pay compensation to the employees of public sector trading firm MMTC…

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ADB, India sign $100 million loan to upgrade power distribution system in Bengaluru

The Asian Development Bank (ADB) and the Government of India on 31st December 2020 signed a $100 million loan to modernise and upgrade the power distribution…

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In a first, Maruti Suzuki launches India’s first multi-financier, online car financing platform NEXA

In a first-of-its-kind initiative Maruti Suzuki has launched the Smart Finance service to offer an online, end-to-end, real time car finance service…

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RuPay ties up with RBL Bank to facilitate launch of RuPay PoS

RuPay has entered into a partnership with RBL Bank. The collaboration will facilitate the launch of RuPay PoS, a payment solution for Indian merchants…

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Short format video app MX TakaTak launches Rs. 100 crore creator fund

MX TakaTak, the number 1 short video platform of India has shown huge growth in terms of users, usage time and its large community of content creators…

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IFSCA permits Banking Units to transfer of assets through participation agreements

The International Financial Services Centres Authority (IFSCA) today allowed Banking Units (BUs) to transfer assets to/from other financial institutions,…

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KVIC Distributed Rs. 30 crore to Khadi Artisans in J&K During Covid- 19 to Sustain Their Lives

Khadi and Village Industries Commission (KVIC) lent special focus on Khadi artisans in Jammu & Kashmir during the Covid-19 period. While KVIC worked…

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9th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.

9th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.54,000 crore…

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