IDFC First Bank receives ₹515 crore MFI claim payout

IDFC First Bank has received ₹514.82 crore under the CGFMU scheme linked to its microfinance portfolio, with the payout expected to result in a write-back of provisions made earlier.

IDFC First Bank has received ₹514.82 crore under the CGFMU scheme linked to its microfinance portfolio, with the payout expected to result in a write-back of provisions made earlier.

The coastal steel plant at Paradeep will be developed in phases and is expected to boost Odisha’s role as a major steel manufacturing hub.

Probal Sen, Oil and Gas Analyst at ICICI Securities believes government policy support, better realisations and production growth could strengthen ONGC’s earnings outlook over the next two years, while recent fuel price hikes have also sharply reduced losses for oil…

Gold prices hold below key levels on MCX as silver rebounds, analysts weigh softer US dollar, oil volatility, and Fed rate hike risks for precious metals.

The FMCG major posted a 21.4% year-on-year rise in net profit at ₹192.5 crore for the March quarter, compared to ₹158.6 crore in the corresponding period last year. Revenue from operations increased 3.2% to ₹792 crore against ₹767.5 crore a…

The central bank may ask the banks to regulate the magnitude of differential interest.

Navin Killa, Head of APAC Telecommunications, Media & Internet at UBS Investment Bank said quick commerce has not yet reached a stage where only the strongest players will survive. Discounting, he added, remains a customer acquisition tool, particularly for first-time…

Datamatics said TruAI Underwriting ingests and analyses documents such as medical reports, declarations and laboratory results, extracting key medical parameters and highlighting potential risk indicators.

TCS said that the partnership aims to modernise SKF’s technology landscape and build an AI-enabled digital enterprise to improve agility, resilience and operational efficiency.
Deven Choksey, MD of DRChoksey Finserv, says the Adani Group’s fundamentals remain strong with steady EBITDA compounding and improving fund flow visibility after regulatory overhangs eased. He remains bullish on power infrastructure, EV-led auto growth, luxury real estate and data…