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The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Wed, 22 Feb 2017 13:39:03 GMT

Copyright: Copyright:(C)2017 Bennett Coleman & Co. Ltd,

NPCI starts pilot project to digitise transactions in micro finance institutions

Wed, 22 Feb 2017 13:26:33 GMT

(image) The customer has to dial the contact, enter the amount and Unified Payments Interface (UPI) PIN on the feature phone and the repayment gets done successfully.

Bharat Financial looks to reduce cost with digital loan processing system

Wed, 22 Feb 2017 10:09:10 GMT

(image) The roll-out of the technology relies on a three-step process -- Aadhar-based and online customer documentation process, credit bureau authentication and e-signing.

PE firm ChrysCapital raises $600 million from several investors

Tue, 21 Feb 2017 18:47:25 GMT

(image) ChrysCapital has made 80 investments in India and exited 60 of these since its inception. The fund claims to have realised over $4 billion from the sale of its investments.

Auto finance market to double to Rs 2.6 lakh crore in next 3 years: EY

Tue, 21 Feb 2017 13:32:14 GMT

(image) The domestic auto market, the second largest in Asia, is expected to grow at a CAGR of 13 per cent by value between fiscal 2016 and fiscal 2026 to reach $300 billion.

Local telecom gear companies to get access to Rs 6,700cr fund

Mon, 20 Feb 2017 19:24:13 GMT

(image) In Nov 2015, PM Modi had proposed in Kuala Lumpur a $1 billion line of credit to support digital connectivity and undertake network-driven initiatives.

Bharat QR code launched to push less-cash economy

Mon, 20 Feb 2017 18:24:23 GMT

(image) Developed by NPCI, Mastercard, and Visa, BharatQR code would require merchants to only display one QR code instead of multiple ones.

Home Credit India plans to explore online market

Mon, 20 Feb 2017 15:52:09 GMT

(image) Home Credit has expanded footprint to 60 cities across 15 Indian states acquiring a customer base of over 2 million.

Keki Mistry says HDFC Life-Max Life merger is a structural change

Mon, 20 Feb 2017 10:09:47 GMT

(image) "The structure that we proposed in the transaction is that a non-listed Max Life will first get merged with Max Financial Services which is a listed entity."

Edelweiss ARC makes Rs 500-crore bid for Adhunik

Sun, 19 Feb 2017 20:05:49 GMT

(image) Edelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about rejigging loans to revive the company and salvage their money, a senior banker told ET.

Rs 27,000 crore saved under Direct Benefit Transfer scheme since November 9

Sat, 18 Feb 2017 17:01:34 GMT

(image) Gujjar urged the people to make digital transactions to realise the dream of Prime Minister Narendra Modi.

Sundaram Finance to demerge non-financial service biz

Fri, 17 Feb 2017 12:34:59 GMT

(image) Over nearly six decades, Sundaram Finance has invested in various non-financial services businesses along with TVS Group companies in the automotive and manufacturing sector.

Electronics payments gaining pace post demonetisation: Nomura

Fri, 17 Feb 2017 10:48:19 GMT

(image) While growth increased after demonetisation, a gradual acceptance of electronic payment methods was already there even prior to note ban, Nomura said in a report.

UAE Based payment solution provider OMA Emirates announces Indian operations

Fri, 17 Feb 2017 10:38:26 GMT

(image) The acquisition by OMA Emirates enables MobiSwipe to be offered in countries outside of India.

Microfinance Industry up 53% in Q3: MFIN Report

Thu, 16 Feb 2017 10:51:37 GMT

(image) The aggregate gross loan portfolio of microfinance institutions stood at Rs 56,634 crore in Q3 FY17 as compared to Rs 36,912 crore in Q3 FY15-16.

Warburg negotiates to buy up to 40 per cent stake for Rs 2,300 crore of Tata Tech

Wed, 15 Feb 2017 19:38:41 GMT

(image) “It will be interesting to see if Tatas give a revenue commitment for the future. The worry is the industry still looks at the company as a quasi-captive unit.”