Jio Financial Services Limited (JFS) has appointed Venkata Peri as its group chief operating officer, filling a key leadership position that had been vacant since mid-2024. The appointment aligns with the company’s ongoing efforts to scale its presence across lending, asset management, and technology-led financial services. Appointment Details…
Titagarh Rail Systems Limited has expanded its business footprint beyond conventional rolling stock manufacturing with the receipt of its first order from Indian Railways in the safety and signalling systems domain. The contract marks the company’s entry into advanced, technology-driven railway infrastructure solutions. Order Scope and Timelines The…
Multi Commodity Exchange of India Ltd. (MCX) has declared a subdivision of its equity shares following approval from its shareholders. Under this corporate action, the existing equity shares with a face value of ₹10 each will be split into five equity shares of ₹2 each. The record date…
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a monetary penalty of ₹1 crore on Care Health Insurance after identifying significant shortcomings in its claims settlement practices and policyholder communication, according to media reports. Findings from Regulatory Inspection The penalty stems from a remote inspection…
GVP Infotech Limited has obtained approval from the Reserve Bank of India (RBI) to operate as a payment aggregator, marking an important step in its participation in India’s regulated digital payments framework. Regulatory Approval Details The RBI has issued a certificate of authorisation to GVP Infotech under the…
GMR Power: Board approves fundraise of up to ₹1,200 crore via preferential equity issue and convertible warrants. Cyient: Singapore arm to acquire 65%+ stake in US-based Kinetic Technologies for $93 million; completion expected by April 2026. KPI Green Energy: Signs $4 billion MoU with Botswana for 5 GW…
Spandana Sphoorty Financial Ltd has successfully completed the allotment of 8,500 secured redeemable non-convertible debentures (NCDs) worth ₹85 crore and approved a three-tranche expansion program totaling up to ₹425 crore, marking a significant step in the company’s debt capital market strategy. Completed NCD Allotment The initial tranche was…
Japan-based Mizuho Financial Group is set to acquire a controlling stake in Indian financial services firm Avendus Capital from private equity major KKR for up to ¥81 billion, reflecting Japan’s growing financial engagement in India’s banking and investment sector. Acquisition Details Mizuho Securities will purchase between 61.6% and…
The Ministry of Heavy Industries has announced a ₹7,280 crore initiative aimed at strengthening domestic production of rare earth magnets, reducing import dependence, and supporting the entire value chain of magnet manufacturing. Incentives and Financial Support The scheme offers sales-linked incentives capped at ₹2,150 per kilogram of sintered…
The US labour market displayed contrasting trends for October and November amid reporting disruptions caused by a 43-day federal government shutdown. November saw an increase of 64,000 jobs, surpassing economists’ expectations of 40,000, while October recorded a loss of 105,000 positions. The unemployment rate climbed to 4.6%, marking…