HDFC Bank Q3 20-21 results – Indian private lender reports 18% growth in net profit at $1.2bn

(adsbygoogle = window.adsbygoogle || []).push({}); HDFC Bank Q3 20-21 results : Indian banking and financial services company HDFC Bank reported an increase of 18.1% in its net profit after tax for the third quarter of 2020-2021 that ended 31 December at INR 8,758.3 crore ($1.2 billion), compared to the same quarter of the previous year. The More...

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By businessnewstoday On Saturday, January 16th, 2021
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Bharti Airtel sells stake in Loan Singh creator Seynse Technologies

Bharti Airtel revealed selling its stake in Indian financial technology company Seynse Technologies, the creator of a digital lending platform called Loan Singh, for an undisclosed price. According to a regulatory More...

By businessnewstoday On Saturday, January 16th, 2021
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Infosys to acquire assets of Australian design agency Carter Digital

Indian IT services firm Infosys has signed an agreement to acquire assets of Australian design agency Carter Digital for an undisclosed price. As part of the deal, Carter Digital’s employees will join Infosys. According More...

By businessnewstoday On Saturday, January 16th, 2021
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ICICI Bank Niyo Bharat Payroll Card launched for MSME workers

ICICI Bank, an Indian private sector bank, has entered into a partnership with fintech company Niyo, to issue the ICICI Bank Niyo Bharat Payroll Card to workers of micro, small and medium enterprises (MSMEs). MSMEs More...

By businessnewstoday On Thursday, January 14th, 2021
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Infosys Q3 2020 results : Indian IT services giant reports $705m net profit

Infosys Q3 2020 results : Indian IT services giant Infosys has reported net profit of $705 million for the three months ended 31 December 2020 (Q3 2020), a 12.6% growth compared to $626m reported in the same period More...

By businessnewstoday On Tuesday, January 12th, 2021
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Safehold Special Risk acquires motorsports insurance firm WSIB Insurance

Safehold Special Risk, a program administrator that offers access to tailored insurance solutions for niche businesses and industries across the US, has acquired WSIB Insurance Agency. The financial terms of the More...

By businessnewstoday On Sunday, January 10th, 2021
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Thoma Bravo-backed Majesco acquires insurtech company ClaimVantage

Majesco, a provider of cloud insurance platform software, has acquired insurtech company ClaimVantage, for an undisclosed price. Based in Portland, Maine, ClaimVantage offers enterprise claims software and also More...

By businessnewstoday On Friday, January 8th, 2021
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Westland Insurance acquires Nova Scotia-based Storm Insurance Group

Westland Insurance Group, a Canadian property and casualty insurance broker, has wrapped up its previously announced acquisition of Storm Insurance Group based in Nova Scotia. The deal was announced in December More...

By businessnewstoday On Wednesday, January 6th, 2021
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Bank of Baroda, SIDBI sign MOU to enable MSMEs to apply for restructuring

Bank of Baroda (BoB) has inked a memorandum of understanding (MOU) with the Small Industries Development Bank of India (SIDBI) for enabling micro, small, and medium enterprises (MSMEs) to apply online for one-time More...

By businessnewstoday On Wednesday, January 6th, 2021
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Shivalik Bank secures commercial banking license from RBI

Shivalik Small Finance Bank (SSFB) has secured a commercial banking license from the Reserve Bank of India (RBI) to operate as a small finance bank (SFB) in India. Headquartered in Saharanpur, Uttar Pradesh, Shivalik More...