New Delhi [India], March 5: Beams Fintech Fund, a leading growth-stage private equity fund focused on the Fintech and Financial Services sector, has announced a follow-on investment in its portfolio company, InsuranceDekho, as part of a $70 million funding round. The round was co-led by Beam
"Taking into consideration the improved profitability, we expect GVA output for both manufacturing and services to pick-up in Q3," ICICI Bank Global Markets report added.
Mumbai (Maharashtra) [India], February 28: BUSINESSNEXT, a global leader in composable enterprise solutions for the financial services sector, has introduced triple-layer AI-powered Retail Banking Customer 360, designed to help banks gain deep customer insights and enable autonomous actions
Mumbai (Maharashtra) [India], February 13: Syndicate Finance, a trailblazer in the financial services sector, is revolutionizing debt-based funding solutions to help businesses access cost-effective capital. With an extensive suite of funding options, Syndicate Finance ensures seamless finan
The upcoming monetary policy announcement by the Reserve Bank of India (RBI) is expected to provide clarity on crucial aspects that will shape the financial services sector, according to a report by HSBC.
Despite the slowdown, the HSBC Services PMI data suggests that India's services sector remains resilient, with solid job creation, strong export growth, and steady business confidence. However, inflationary pressures and rising competition could act as headwinds in the coming months.
Hyderbad (Telangana) [India], February 4: Nettlinx Limited, a leading player in the internet infrastructure and services sector, has announced that its Board of Directors has approved a preferential issue of warrants amounting to Rs85 crore. The decision was made during the board meeting hel
The latest HSBC PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry in India was more than offset by a loss of growth momentum in the service economy.
India's services sector ended 2024 on a strong note, with the HSBC India Services Business Activity Index rising from 58.4 in November to 59.3 in December, according to the HSBC PMI survey.
As the quarterly results season begins next week, the Indian IT services sector is preparing for a mixed performance in the third quarter of FY25, a period traditionally considered weak due to seasonal furloughs, according to a report by Centrum
The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. This was followed by credit growth in agriculture and the industrial sectors, the report noted.
New Delhi [India], December 19: Axis Max Life Insurance Ltd. formerly known as Max Life Insurance Company Ltd. ("Axis Max Life"/ "Company"), has announced the inclusion of 'Axis' in its corporate name following the Corporate & Regulatory approvals. Additionally, the Company has been rebr