Union Mutual Fund, a prominent joint venture between Union Bank of India and Dai-Ichi Life Holdings, has ushered in a new era with the appointment of Madhu Nair as its Chief Executive Officer (CEO). This strategic move marks a significant transition for the fund house, which has been under the stewardship of G Pradeepkumar since…

The Employees’ Provident Fund Organisation (EPFO) plays a pivotal role in the financial planning of millions of employees across India. Ensuring accurate information in the Universal Account Number (UAN) profiles is essential for seamless fund management and withdrawal processes. Recognizing this necessity, the EPFO has updated its standard operating procedure (SOP) to facilitate easier corrections…

In a significant move signalling the growing interest in India’s eldercare sector, Kites Senior Care, a pioneer in geriatric care services, has successfully secured Rs 45 crore in a Series A funding round. This round was led by Ranjan Pai, the Chairman of Manipal Education and Medical Group (MEMG), through his family office, marking a…

In the rapidly evolving financial landscape of India, Airtel Payments Bank has emerged as a key player, driving innovation and accessibility in banking services across the country. As the bank continues to expand its operations and strategic initiatives, leadership and expertise in financial management become crucial. In a significant move to bolster its executive team,…

In a remarkable downturn that gripped the financial markets on March 13th, the Adani Group, a conglomerate with a formidable presence in multiple sectors, witnessed a steep decline in its stock values. This event saw a significant erosion of the group’s market capitalization, raising concerns and eyebrows in equal measure. Also Read: Perfios Fund Raising: B2B…

In a significant boost to its growth ambitions and market expansion plans, Perfios, a leading business-to-business (B2B) Software as a Service (SaaS) fintech startup, has successfully raised $80 million in funding. This substantial investment comes from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. This latest…

In a significant move that has caught the attention of both the edtech industry and business analysts, Byju’s, one of India’s unicorn startups, has vacated all of its office spaces across the country, retaining only its headquarters located at IBC Knowledge Park in Bengaluru. This decision marks a pivotal moment for the company as it…

In a significant development in India’s financial sector, Aditya Birla Capital has announced its board’s approval for a merger with its wholly-owned subsidiary, Aditya Birla Finance. This strategic decision is poised to reshape the landscape of financial services, aiming to create a unified, more robust entity capable of navigating the complexities of the market with…

In a significant development at SpiceJet, one of India’s leading budget airlines, two of its top executives have stepped down from their roles. The resignations of Chief Operating Officer Arun Kashyap and Chief Commercial Officer Shilpa Bhatia were confirmed by sources on March 11, marking a notable shift in the airline’s leadership amidst a turbulent…

India has taken a significant step towards bolstering its anti-corruption efforts with the appointment of a new chairperson for the Lokpal, the nation’s apex body for investigating corruption cases within the public sector. This move comes nearly two years after the position became vacant, signaling a renewed focus on governance and accountability. Who is the…