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Friday, January 16, 2026

Tag: financial services

State Street Invests ₹580 Crore in Groww Mutual Fund

US financial giant State Street acquires a stake in Groww Mutual Fund, tapping into India's booming ₹57 trillion asset management market.

Amazon, Flipkart Challenge Indian Banks with New Loan Products

E-commerce giants expand into consumer lending with small business loans and BNPL offerings, tapping into India's $212 billion loan market.

Bank Unions Demand Permanent Jobs Over Contractual Work

Bank unions push for regular employment and better benefits following new Labour Codes implementation, seeking job security for banking sector employees.

NBFC Assets to Cross Rs 50 Lakh Crore by 2027, MSME Loans Raise Concerns

Crisil Ratings projects 18-19% growth for NBFCs, but warns of rising delinquencies in MSME loans and funding challenges for mid-sized players.

InCred Holdings Files Confidential IPO Papers for ₹3,000–4,000 Crore Issue

InCred Holdings confidentially files for massive IPO with Sebi. Discover FY25 financial results, lending portfolio details, and confidential filing benefits.

Visa, Mastercard May End 20-Year Fee Dispute With Merchant Settlement

Credit card giants could slash interchange fees and let stores refuse certain cards in landmark settlement ending two-decade legal battle.

State Street Plans India Mutual Fund Entry Through GIFT City JV

$5 trillion asset manager State Street plans India mutual fund entry via GIFT City joint venture, signaling major global interest in India's growing financial market.

PAN-Aadhaar Link Deadline: December 31 Final Date for Valid PAN

Link your PAN with Aadhaar before December 31 to avoid financial disruptions. Learn the simple online process and consequences of non-compliance.

Paytm Posts Second Straight Quarterly Profit; Revenue Up 24%

Paytm reports strong Q2 results with Rs 211 crore profit before impairment, 24% revenue growth to Rs 2,061 crore, and 63% surge in financial services business.

GIFT Nifty Hits Record $106.22 Billion Monthly Turnover in October

NSE's international Nifty futures contract achieves historic $106.22 billion monthly turnover, signaling growing global confidence in India's growth story.

IIHL and Invesco Form JV to Create Global Financial Powerhouse

IndusInd International Holdings acquires 60% in Invesco Asset Management, targeting global BFSI leadership with 11,000+ touchpoints and 45 million customers.

HDFC Bank Board Approves 3-Year Extension for Kaizad Bharucha

HDFC Bank board clears Kaizad Bharucha's reappointment as Deputy MD for 3 years, pending RBI approval and shareholder consent.