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Ola eyes NBFC acquisition to expand financial services business

New Delhi, Feb 10 (PTI) IPO-bound Ola is looking to expand its financial services business and also obtain an NBFC licence through the acquisition route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its engineering, product as well as loan management capabilities to support the rapid [...]

STL partners with UK’s Netomnia to fiberise multiple cities for ultra-fast broadband

MUMBAI, India, Feb. 10, 2022 /PRNewswire/ -- STL(NSE: STLTECH), an industry-leading integrator of digital networks, today announced that it has expanded its partnership with Netomnia, one of the fastest growing network operators in the United Kingdom. According to the multi-city agreement, STL will provide integrated network deployment services to help Netomnia grow its Ultrafast Full-Fibre [...]

RBI to soon come out with digital lending guidelines: DG Rajeshwar Rao

Mumbai, Feb 10 (PTI) The Reserve Bank of India will soon come out with the guidelines on digital lending, Deputy Governor M Rajeshwar Rao said on Thursday.In November last year, the working group on digital lending, including lending through online platforms and mobile apps, had submitted their recommendations.The central bank had sought comments on the [...]

Indian Staffing Federation, FutureSkills PRIME partner to bridge IT sector’s skill-job gap

Mumbai, Feb 10 (PTI) The Indian Staffing Federation (ISF), the apex body representing the staffing or private employment services industry in India, on Thursday said it has signed a pact with FutureSkills Prime to address the Indian IT/ ITeS sector's demand for skilled professionals. Under this partnership with FutureSkills Prime, a MeitY-NASSCOM digital skilling initiative, [...]

No hike in reverse repo as RBI sticking with accommodative stance: Das

Mumbai, Feb 10 (PTI) The Monetary Policy Committee continuing with the accommodative policy stance was one of the prime reasons cited by Governor Shaktikanta Das for not hiking the reverse repo rate at Thursday's policy review. Das also said that the weighted average rate for reverse repo moved up to 3.87 per cent on February [...]

ABB India Dec qtr profit jumps three folds to Rs 194 cr

New Delhi, Feb 10 (PTI) ABB India on Thursday posted three-fold jump in net profit to Rs 194 crore for December quarter 2021, mainly on the back of higher revenues. The company follows January to December financial year. It had reported a net profit of Rs 62 crore for the quarter ended December 31, 2020. [...]

Moneycontrol Pro Gains 500,000 Paying Subscribers in 36 Months

India’s only financial platform to have half a million paying subscribers Delhi, India – Business Wire India Moneycontrol Pro, the subscription-based financial platform from Network18 & Media Investments Ltd, has extended its reach with over 500,000 active and paying subscribers. The digital platform achieved this feat within just 36 months of its launch. This massive [...]

HDFC ERGO Partners with Visa, Unique Policy Provides Security to Visa’s Partner Banks and Platinum Cardholders from Fraud

Mumbai, Maharashtra, India (NewsVoir) HDFC ERGO General Insurance, India's leading private sector general insurance company in the private sector, announced its first-of-its-kind partnership with Visa, the global leader in digital payments to offer curated insurance covers for Visa’s Platinum cardholders for select Public Sector banks. The usage of cards as a form of payment has [...]
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