This is the first time India will take over management of a port overseas. The port, which is seen as India’s key connectivity link to Afghanistan, Central Asia and the larger Eurasian space, will help counterbalance Pakistan’s Gwadar port as…
Read More
The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs have ceased to exist…
Read More
The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as its new Executive Director, effective May 10. Rao will oversee the Deposit Insurance and Credit Guarantee Corporation, Right to Information Act (FAA), and Department of Communication. Rao…
Read More
Meesho secures $275M funding in a $600M round. Share transfers hinted in SEC filing. In total, Meesho has raised $1.36 billion – including secondaries – since 2015.
Read More
Irdai, the sector regulator, has issued a master circular directing life and non-life insurance players to meet certain percentages of business compulsorily towards rural, social sector, and motor third-party obligations by 2047. Life insurers must ensure a minimum percentage of…
Read More
LIC’s April premium collection of Rs 12,384 crore, highest since 2014, marked 113.14% growth from the previous year. Success attributed to marketing strategies, wider reach, policy uptake, reliability, and customer services.
Read More