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Mahaveer Finance raises Rs 200 crore from Elevation Capital and others

Mahaveer Finance raised Rs 200 crore in its first venture round led by Elevation Capital. The Chennai-based NBFC plans to expand its loan book, invest in tech, and diversify into products like LAP. With 80+ branches across South India, it…

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Walmart Vriddhi partners to empower additional 100,000 MSMEs for Business Growth by 2028

Walmart’s supplier development program, Walmart Vriddhi, partners with Ideas to Impact Foundation (i2i) to empower an additional 100,000 MSMEs in India in the next three years.

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Siemens Energy India makes market debut; to invest ₹460 cr in Kalwa facility

Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, while Siemens Energy AG subsidiaries own another 6 per cent. The remaining shares are in free float.

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India offers huge scope in office spaces managed by real estate investment trusts

Real estate investment trusts (REITs) in top seven Indian cities currently have only 23 per cent of total REIT-worthy office stock (worth 520 million square feet) listed in their portfolios, showcasing tremendous scope in the future, according to a report…

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Audit firms may rethink partner roles as ICAI enforces 60-audit cap per partner

Audit experts are calling this step progressive which will help in decentralising audit concentration from large firms that hold the majority of the mandate. Presently an individual CA can conduct 60 audits in a year but the rule is not…

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With no upgradation plan, several small drug companies may shut operations

​Only a fraction of such units, 1,700 out of an estimated 6,000, have submitted plans for upgradation as per the newly-notified Good Manufacturing Practices (GMP), people in the know told ET.

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  • Mutual funds turn out to be aggressive buyers via bulk and block deals: Report

    Mutual funds: An analysis of deals since January shows domestic funds accounted for 20 percent of the top transactions, primarily where promoters or private equity players were offloading stakes.

  • How to apply for an education loan without collateral? A complete guide

    Unsecured education loans offer students in India a way to finance their studies without collateral. Lenders assess academic performance and financial background before approval. Proper planning is essential for successful loan acquisition.

  • What happens if you default on a gold loan? Consequences explained

    A gold loan allows borrowers to use gold as collateral for urgent expenses. Defaulting can lead to financial and legal issues, negatively impacting future credit applications. Responsible borrowing and communication with lenders are crucial to avoid repercussions.

  • Can I legally pay branch rent to HUF when the property is registered in individuals' names?

    To rent jointly owned property through HUFs, owners must first transfer their shares to the HUFs. This can be done by selling or gifting the shares. Rent payments must go to individual owners, as the agreement is not in the HUF names.

  • You can invest in mutual funds through your employer. But should you?

    Though they offer no special tax benefits, corporate SIPs do have a major disciplinary benefit as the money is invested before it hits your bank account.

  • What the recent RBI repo rate cut means for your loan

    The Reserve Bank of India cut the repo rate by 50 basis points to 5.5%, surprising many. Lower rates may encourage consumer spending but challenge banks to attract deposits. The RBI's measures aim to ensure liquidity for credit demand while maintaining rigorous credit assessments.

  • Bonds vs. equities: What the yield ratio tells you about market value

    Compare equity returns with bond yields using this lesser-known ratio that fund managers swear by—especially useful when tweaking your portfolio mix based on market growth and interest rate trends.

  • Will a salary hike boost your credit score? Here’s what to know

    A salary hike doesn’t directly impact your credit score, but better income management, like timely repayments and low credit utilisation can indirectly improve your creditworthiness over time.

  • Gold loan: How it works and what borrowers must know

    Gold loans in India allow leveraging the value of jewelry for quick funding without selling it. Recent RBI directives aim to enhance transparency and borrower protection, making gold loans a viable option for various financial needs despite associated risks.

  • THESE 6 popular credit cards charge annual fee lower than ₹1,000. Check list here

    Plain vanilla cards do not charge an annual fee, whereas premium cards charge a high fee - sometimes higher than ₹10,000 a year. There are some cards, with annual fee lower than ₹1,000, fall between these two extremes

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