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RBI issues draft guidelines on digital lending to give borrowers a better deal

Apr 27, 2024

Mumbai, April 26 (IANS) The RBI on Friday released draft guidelines on digital lending to ensure transparency in the aggregation of loan products from multiple lenders by lending service providers (LSP) so that borrowers get prior knowledge about all credit offers that are available in the market.LSPs are entities engaged by banks or NBFCs to carry…

IIFL Samasta Finance adds three members to its Board

Apr 27, 2024

New Delhi, April 26 (IANS) IIFL Samasta Finance, one of India’s largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors. This strategic move reflects the company's…

Business

Kia Sonet zooms past 4 Lakh sales milestone in just under 44 Months

Apr 26, 2024

Sonet, recognised as one of the most premium Compact SUVs, has achieved a significant milestone, surpassing 400,000 sales in both

Business

Sensex extends losses to more than 500 points

Apr 26, 2024

New Delhi, April 26 (IANS) BSE Sensex extended losses to more than 500 points on Friday amid selling in financials.Bajaj Finance was down 8 per cent, Bajaj Finserv was down 3.7 per cent, and Nestle was down 3.2 per cent. IndusInd Bank was…

Business

Kia’s net profit up 32.5 pc in Q1; India sales drop due to aging models, geopolitical factors

Apr 26, 2024

Seoul, April 26 (IANS) Automaker Kia said on Friday that its first-quarter net profit rose 32.5 per cent (year-on-year), backed by increased sales of SUVs, minivans and hybrid models.Net profit for the January-March period came to 2.8…

Business

Indian startups file 83,000 patents in FY23; AI, neurotechnology lead

Apr 26, 2024

New Delhi, April 26 (IANS) Led by artificial intelligence (AI), Internet of Things (IoT) and neuro-technology, India witnessed 83,000 patents being filed by deep-tech startups in FY2023, marking an annual growth rate of 24.6 per cent which…

Business

DoT warns people against scammers posing as MS Dhoni

Apr 26, 2024

New Delhi, April 26 (IANS) Amid the ongoing cricket fever in the country, scamsters have been posing as Mahendra Singh Dhoni to con people on social media, the Department of Telecom (DoT) said on Friday, warning people against falling into…

Business

Tech Mahindra shares jump more than 8 per cent on turnaround strategy

Apr 26, 2024

New Delhi, April 26 (IANS) Heavyweight IT stock Tech Mahindra jumped more than 8 per cent on Friday on its new growth strategy.Tech Mahindra is the top Sensex gainer and is up 8.31 per cent in trade.Broking firm Prabhudas Lilladher said…

Business

Bajaj Finance, Bajaj Finserv drag Sensex lower

Apr 26, 2024

New Delhi, April 26 (IANS) BSE Sensex was down by more than 100 points on Friday, amid selling in heavyweights. Among the Sensex stocks, Bajaj Finance was down by more than 6 per cent. Bajaj Finserv was down more than 2 per cent.Among the…

Business

Homegrown Boult aims Rs 1,000 crore in revenue this fiscal year: Co-founder

Apr 26, 2024

New Delhi, April 26 (IANS) Homegrown wearable brand Boult has clocked a turnover of Rs 750 crore in FY24 and audio products accounted for 75 per cent of its revenue, the company’s co-founder Varun Gupta said on Friday.In the past quarter,…

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