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MUMBAI: Finance Minister Nirmala Sitharaman has urged banks to ensure that customers are able to get their work done in branches speaking in the local language. She also called upon banks to tweak HR policies to give weightage to local language proficiency during appraisals. She asked banks to restore the human connect in customer service,…
When individuals open bank accounts, invest in mutual funds, or buy insurance, they are often asked to name a nominee. However, many people mistakenly assume that the nominee automatically inherits the assets. In reality, the nominee is not always the final recipient — the ownership rights belong to the legal heir, reported ET. Understanding the…
File photo (Picture credit: ANI) India’s services sector saw its slowest pace of growth in five months during October, as competitive market pressures and heavy rainfall in some regions weighed on business activity.According to the monthly HSBC India Services PMI Business Activity Index, compiled by S&P Global, the seasonally adjusted reading fell to 58.9 in…
The company’s Rs 6,632 crore initial public offering is scheduled to close on Friday. (AI image) Groww IPO: Billionbrains Garage Ventures, the parent organisation of Groww stock broking firm, saw its initial public offering (IPO) being fully subscribed on Thursday, the second day of its share sale.According to National Stock Exchange data, the IPO attracted…
Lenskart Solutions’ Rs 7,278 crore initial public offering (IPO) witnessed robust investor interest, with the issue being subscribed 28.2 times when it closed on November 4.The eyewear major received bids for 281.9 crore shares against 9.97 crore shares on offer.The basis of allotment will be finalised on November 6, and investors can check their allotment…
MUMBAI: Policybazaar’s healthcare arm has raised $218 million in its seed round and acquired a diabetes care platform to expand into preventive healthcare. PB Health, incubated by PB Fintech, said the round—first announced in May—was led by General Catalyst and included participation from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and select angel…
Sovereign Gold Bonds carry a fixed interest rate of 2.50% per annum. (AI image) Sovereign Gold Bonds returns: With gold prices rallying strongly in the last few years, investors in Sovereign Gold Bonds or SGBs are looking at bumper returns! One such SGB is delivering a whopping return of over 300%!The RBI has released the…
Bitcoin has slipped below the $100,000 mark for the first time since June, marking a fresh downturn driven by long-term holders cashing out rather than leveraged traders. The world’s largest cryptocurrency dropped as much as 7.4% on Tuesday, extending losses to over 20% from its record high a month ago. By Wednesday morning in New…
MUMBAI: Medi Assist Healthcare Services reported a sharp drop in profit for the quarter ended September 30, 2025, even as revenue rose strongly, as acquisition and investment costs weighed on earnings. Profit for the period fell 61.6% to Rs. 8.1 crore from Rs. 21 crore a year earlier. Profit before tax from continuing operations declined…
MUMBAI: Mahindra & Mahindra has sold its entire 3.5% stake in RBL Bank for Rs 678 crore, booking a 62.5% gain on its treasury investment made in Jul 2023 for Rs 417 crore. The sale comes weeks before Emirates NBD launches an open offer on Dec 12 to buy shares from public investors at Rs…
