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Finance

Quote on RBI Monetary Policy By Mr. Kush, CEO, Essar Power

“The prudence of the RBI’s decision to maintain the repo rate at 6.5%, reflects a measured response to the dynamic global economic landscape. RBI’s emphasis on domestic factors showcases its commitment to financial stability and the crucial role of sustenance in navigating market uncertainties. The well measured policy stance will support the energy sector’s long-term […]

Finance

Quote on RBI Monetary Policy for Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd

“RBI’s steps to maintain the repo rate at 6.5% demonstrates a well-considered stance in light of India’s economic growth plans. This decision signifies a tactical step towards harmonizing economic stability, inflation management, and promoting sustained growth in vital sectors of the economy. The projected rise in GDP growth rates is poised to have a favorable […]

Finance

Quote on RBI Monetary Policy By Mr. Rajiv Agarwal, MD & CEO, Essar Ports

“RBI’s decision to keep the repo rate unchanged in the first monetary policy of FY 2024-25 comes as no big surprise. The policy stance of ‘withdrawal of accommodation’, ensures that inflation progressively aligns to the target, while supporting economic growth. A stable monetary policy is vital for fostering a conducive environment for the shipping and […]

Finance

altGraaf Crosses 3300+ Crore Investments Offering Alternative Fixed Income Opportunities

Bengaluru : altGraaf, an alternative fixed-income platform offering fixed-income products, today announced a milestone achievement of 3300+ crores of investments from more than 1,85,000 registered investors, crediting their success to their valuable customers, partners and clients. The 3300+ crore investments represent a 153% volume growth and 146% growth in new user addition in FY24. Through […]

Finance

RBI Keeps Repo Rate Unchanged – Housing Boom Stays On Course

Anuj Puri, Chairman – ANAROCK Group: Aptly and as expected, the RBI has kept the repo rates unchanged at 6.5%. The Indian economy is going strong and inflation is reined in, though it has yet to come within the threshold of RBI’s target. The decision to maintain status quo will keep the ongoing residential real […]

Finance

Namdev Finvest Secures USD 19 Million Funding in Pre Series – C Round

Namdev Finvest Private Limited (Namdev), a pioneering Non-Banking Finance Company (NBFC) dedicated to MSME financial inclusion, is thrilled to announce the successful closure of its Pre Series – C funding round, securing USD 19 million. The investment round was led by Maj Invest Financial Inclusion Fund III K/S, with participation from Promoters Group & Employees. […]

Finance

Kotak Life and Jana Small Finance Bank partner to offer Life Insurance to customers

Mumbai : Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) today announced its corporate agency partnership with Jana Small Finance Bank. The partnership will benefit 52 lakh customers of Jana Small Finance Bank by offering a wide range of tailor-made life insurance solutions provided by Kotak Life through the Bank’s 781 banking outlets spread across […]

Finance

Spot Trading in Crypto: What is it & How Does it Work?

Spot trading is one of the main terms you’ll come across as you start your crypto investment and trading journey. This is because it’s the simplest, most popular, and safest way of trading in crypto, so you can use it to take advantage of the continuous movements of the Bitcoin price. But what exactly is […]

Finance

North East Small Finance Bank Appoints Ex-Navi Exec, Samit Shankar Shetty, and Veteran Banker, Parvez Mulla, as Independent Directors

Guwahati – North East Small Finance Bank (NESFB) is delighted to announce the appointment of Mr. Samit Shankar Shetty and Mr. Parvez Mulla as Independent Directors to its esteemed Board. With over two decades of experience each, in scaling and managing financial institutions, the appointment of the seasoned professionals underscores NESFB’s commitment to a highly […]

Finance

Venture Catalysts Backs Cloudworx In Its Seed Round Of Funding Worth $600k

Venture Catalysts, India’s first integrated incubator and largest early stage investment firm, today announced that it has led the Seed round of funding, joined by other investors in raising $600k for Cloudworx Technologies Pvt. Ltd., pioneers in the field of digital twins in the emerging enterprise metaverse market. This marks a pivotal moment in […]