Godrej incorporates subsidiary to enhance its presence in financial services
The incorporation of Godrej Investment Ltd follows approval by the Godrej Industries Ltd board on August 13, 2025, and shareholder approval on September 29, 2025.
The incorporation of Godrej Investment Ltd follows approval by the Godrej Industries Ltd board on August 13, 2025, and shareholder approval on September 29, 2025.
These parameters are carefully benchmarked against past performance, future projections, sectoral standards, and the vision of the administrative ministry i.e Ministry of Power.
Presently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while the World Bank Group's International Finance Corporation (IFC) owns a 1.8 per cent shareholding.
The NBFC said in a statement that Bajaj Finserv signed share purchase agreements (SPAs) with Allianz SE to acquire a 26 per cent stake in the two insurance joint ventures, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC), for Rs 24,180 crore.
The initial public offering (IPO) of fintech company MobiKwik may hit a significant roadblock with the new rules for P2P lending implemented recently by the Reserve Bank of India (RBI) and these can affect the company's business too.
As per the Reserve Bank of India (RBI), the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability.
The Reserve Bank of India (RBI) on Friday tightened norms for Non Banking Financial Company-Peer to Peer (NBFC-P2P) Lending Platforms to improve the transparency and compliance.
Fintech NBFCs doubled their share in six years, accounting for 65% of the loan sanction volume and 11% of the loan sanction value in the overall personal loan market in FY23-24.
Indian banks and non-bank finance companies (NBFCs) are well placed to seize opportunities from the country's strong economic prospects through lending growth in sectors such as infrastructure, energy transition, manufacturing, small businesses and retail, a Moody’s report said on Wednesday.
REC has declared a final dividend of Rs 5 per equity share and the total dividend for FY 2023-24 now works out to Rs 16 per equity share.
