India to introduce RBI-stundled digital currency: Piyush Goyal

File photo: Piyush Goyal, Minister of Trade | Photocredit: Ani India will soon launch its own digital currency, supported by the Reserve Bank of India (RBI), said Minister of Trade and Industry Piyush Goyal in a round table during his visit to Doha, Qatar. The move is intended to make financial transactions faster, safer and […]

India launches UPI paying system in Qatari Supermarket

Last month, NPCI International Payments LTD (NIPL), in collaboration with Qatar National Bank (QNB), introduced UPI on point-of-sale terminals in Qatar for traders obtained by QNB. India expanded the range of the Unified Payments Interface (UPI) on Monday by launching the facility in the Lulu Group stores in Qatar, after the rollout at tax -free […]

IIHL acquires 100% interest in Sterling Bank, Bahamas

Ashok P Hinduja, chairman, IIHL, Mauritius | Photocredit: Cueapi According to a statement, Indusind International Holdings Ltd (IIHL) completed the acquisition of an interest of 100 percent in Sterling Bank, Bahamas. IIHL had acquired an interest of 51 percent in Sterling Bank in September 2022 and has now completed the acquisition of the remaining interest […]

TFCIL To acquire Cosmea Investments, extend to wealth and financial services

The acquisition includes the complete and step-down subsidiaries of Cosmea, as well as her trusts. | Photocredit: Tourism Finance Corporation of India said on Monday that its council approved a proposal to acquire Cosmea Investment, which has business interests in stock broking and asset management. The Board of Directors, during its meeting on October 6, […]

The IIHL Mauritius of Hinduja Group completes full acquisition of Sterling Bank

Ashok P. Hinduja | Photocredit: Indusind International Holdings Ltd (IIHL), Mauritius, has completed the full acquisition of Sterling Bank in Bahamas by gaining the remaining 49 percent equity, said a statement on Monday. With the acquisition, Sterling Bank has become a complete entity of Hinduja Group company IIHL Mauritius, also the promoter of Indusind Bank. […]

Steal two income partners with more relationship pressure?

Image source: 123rf.com Nowadays, more and more couples trust both partners who work to support their lifestyle, except for the future and managing growing costs. Although this scheme can create financial stability, it also introduces unique challenges with which households with one income may not be confronted. From balancing a career with personal life to […]

Vartis Platforms consolidates Lendenclub & Instamoney and is aiming for a turnover of RS 1,000 crore and global expansion against FY28

Vartis Platforms, the parent company of lumbar club and Instamoney, has unveiled a uniform brand structure and set ambitious growth objectives. Vartis Platforms, the parent company of lumbar club and Instamoney, is aiming for a turnover of RS 1,000 Crore and a global expansion in the next two years, a top officer said Monday. Vartis […]