Services Financial News

₹2.77 trillion, with the central government's share being ₹76,760 crore for five years till FY26. The mission is aimed at making Indian cities ‘water secure’.

Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at providing capital to projects building security-focused infrastructure.

The Financial Crimes Enforcement Network (FinCEN) has put forward a notice of proposed rulemaking that could have significant implications for the crypto mixers, including Bitcoin (BTC)'s CoinJoin. 

data acquisition during search and seizure operations. The other empanelled entities are — Baker Tilly Business Advisory Services, Cybermate Forensics & Data Security Solutions, Cyint Technologies, ECS Info Tech, Innefu Labs, Mahen Technologies, Nangia & Co LLP, Netrika Consulting India, Pelorus Technologies and Systools Software, according to a notice by Sebi last week. They have been empanelled for providing digital forensic services to the regulator following the completion of the empanelment process. The empanelment will be valid for a period of two years.

S Jaishankar on Sunday said that visa services in Canada will only be restored after the safety of Indian diplomats is ensured. He was addressing the Kautilya Economic Conclave closing plenary session.

The national cancer services industry body has collapsed over a disagreement about whether GenesisCare’s self-reported breaches are an industry-wide problem, as the latter’s negotiations with the health department about its bungled billings drag on.

Ottawa has suspended in-person services at its consulates in India after the federal government pulled 41 diplomats out of the country.

The move is aimed at facilitating smooth movement of commuters for the Durga Puja Carnival on that day. At the carnival on Red Road, people are expected to attend in droves. Idols of the top community Durga Pujas in Kolkata are displayed in a colourful parade at the annual carnival. It may be mentioned here that the UNESCO had in 2021 accorded the Intangible heritage status to the Durga Puja in the city. The West Bengal Transport Corporation (WBTC) said it will operate 23 additional buses till midnight on October 27. The Regional Transport Authority (RTA), Kolkata, has also written to all private bus, minibus, taxi and auto-rickshaw unions to ensure the availability of sufficient public transport for smooth transportation of people on that day, an official said. Based on report by ANI

Crypto behemoth Binance has introduced new fiat alliances to provide Euro transactions. The exchange confirmed that the initiative has commenced and users have already migrated to the new services.

Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September. 

₹19,229 crore in the year ended 31 March from the previous year, according to its regulatory filing with the ministry of corporate affairs’ registrar of companies on Thursday. Net profit for the year rose 30% to ₹649 crore, while employee benefit expenses increased 16.5% for the year to ₹1,411 crore. Microsoft’s growth in the country has been largely driven by a rise in revenue from its services offerings, its financial filings sourced by Mint through business intelligence platform Tofler showed.

NEW DELHI : Mid-cap information technology (IT) service providers, Cofo-rge and Cyient Group, proved outliers in their September quarter earnings filed at the BSE on Thursday. While bellwether large-caps, as well as mid-cap firms such as Larsen & Toubro Technology Services (LTTS), Persistent Systems and Zensar Technologies, largely offered bleak September quarter figures and cautious commentary for the rest of this fiscal, both Coforge and Cyient group outperformed peers in maintaining operating margin and profitability—despite macroeconomic headwinds. Cyient reported September quarter revenue of $214.9 million for the entire group—up 4.6% sequentially and 22.3% year-on-year (YoY) in constant currency.

Currently, satcom through mobile devices is primarily used for coverage in emergency situations and is limited to messages. But in a couple of years, people will be able to get calls and broadband, too.

Mumbai (Maharashtra) [India], October 18: In an exciting development for travel enthusiasts, leading travel platform Musafir.com has entered into a strategic partnership with Vistara, India’s finest full-service carrier, to offer global visa services to its customers. With this partnership, Musafir.com has integrated its comprehensive visa services into Vistara's official website to offer a convenient one-stop solution for all visa needs, thereby significantly streamlining the often complex and time-consuming process. Customers applying for their visas will also benefit by earning 5 CV points for every INR100 spent.

Bharti Airtel has launched an integrated omni-channel cloud platform called Airtel CCaaS (contact centre as a service) under its Airtel IQ vertical, it said in a statement Wednesday. The new platform gives end to end solutions for contact centres including voice, cloud, and software.

L&T Technology Services (LTTS) lost over 5 percent on Wednesday after the company lowered its revenue growth guidance for the current fiscal year despite in-line revenue for the quarter ended September 2023 (FY24). The stock shed as much as 5.5 percent to its day's low of ₹4,360.35. It has gained 29 percent in the last 1 year and 19 percent in 2023 YTD.

Barclays Bank customers grappling with a disrupted online experience, rendering the app and web services inaccessible for many users. As individuals attempted to access their accounts today, numerous customers encountered difficulties logging in, checking balances, and initiating transactions, as the financial provider's digital platforms faced substantial disruptions. The problems surfaced earlier this morning, October 17, and have persisted, causing a surge in grievances from affected users.

Reuters report said citing an industry source familiar with Avendus’ plans. The company employs about 150 bankers in India.

Loan against Mutual Funds: Expanding the ambit of mutual fund units as collateral for retail investors, Mirae Asset Financial Services, a non-banking finance company, has added eligible tax saver schemes free from lock-in period from all the asset management companies in its list of approved mutual fund schemes to offer overdraft facilities by pledging these units.

Reliance Industries' financial services arm Jio Financial Services said its profit doubled to Rs 668 crore in the quarter ended September 2023 from Rs 332 crore in June 2023, its first on record post listing. Profit rose largely due to dividend income from its shareholdings even as operations remained subdued. The company which was listed in August rode on a Rs 217 crore of dividend income during the quarter which increased total income by 47% to Rs 608 crore from Rs 414 crore in the quarter ended June 2023.

PTI. Line 7 which is an elevated corridor along the Western Express Highway links Dahisar and Gundivali in Andheri East. While Line 2A runs above New Link Road between Dahisar and Andheri West.