Tata Trusts has shared a plan to merge two operating companies into Tata Sons, a move meant to remove the Group’s Core Investment Company status, which the main shareholder believes will help it avoid the Reserve Bank of India’s (RBI’s) order to list on a stock exchange. On Monday, Tata Trusts, which owns 65.9% of … Read more
Policybazaar parent PB Fintech said the proposed changes to insurance distribution economics could make it harder to justify remaining solely a distributor and increase the attractiveness of entering insurance manufacturing, which would allow it to design, underwrite and sell policies. The company said it would wait for more regulatory clarity on the proposal. “I never … Read more
Sunil Bharti Mittal’s Airtel Money, a digital financial services platform operating across 13 African markets, has announced its plan to list on the London Stock Exchange (LSE).Sources said the company could raise about $800 million from an initial public offering (IPO) and is targeting a valuation of $8 billion to $9 billion – possibly making … Read more
The Reserve Bank of India has directed Tata Sons Pvt. Ltd. to go for an IPO after rejecting its two-and-a-half-year-old application to surrender its registration as a core investment company, marking a new challenge for Tata Trusts chairman Noel Tata, who had lobbied hard to keep the group’s holding company private. In a letter dated … Read more
HDFC Bank MD & CEO Sashidhar Jagdishan has decided not to seek reappointment when his current term ends on October 26. He had assumed the role on October 27, 2020, succeeding the long-serving founder-CEO Aditya Puri. It was always doubtful whether he will be able to fill in the tall shoes of Mr Puri. The … Read more
India’s non-banking financial companies (NBFCs) are likely to maintain steady growth in the near to medium term, with credit demand remaining healthy despite geopolitical uncertainties, according to brokerage firm 360 ONE Capital.The brokerage said management teams have retained their FY27 and medium-term growth guidance, while asset quality is expected to remain broadly stable.However, pressure on … Read more
Netherlands-based ??Resilient Asset Management, fully owned ‌by ​Paytm ​founder ​Vijay Shekhar Sharma, will ​sell ‌up to a ​4.98% stake in ‌Paytm ​via ‌a block ‌trade, ??the ​fintech firm said on ​Monday.  First Published: Aug 17 2026 | 8:50 PM IST Source link
The government sought to shut down speculation on plans to impose fees on the country’s ubiquitous digital payments network, saying on Saturday (August 8, 2026) that consumers will not have to pay transaction charges for using UPI, while the vast majority of merchant transactions will also remain free. The government said any future merchant discount … Read more
India’s payment industry has long been calling for higher subsidies or a controlled introduction of merchant discount rate (MDR) to recover transaction costs. The decision to allow MDR or higher value business payments will help to turn many business models sustainable and thereby increase competition in an industry that is currently a near duopoly of … Read more