Finance

New Delhi [India], October 26:  The ‘Bharat Microfinance Report’ released by Sa-dhan, India’s largest self – regulatory organisation of Impact Finance Institutions, has observed that the micro-finance institutions, particularly the ‘For – Profit’ organisations like NBFC-MFIs, NBFCs and SFBs should follow more caution for ensuring a better quality of assets and growth while exploring the ways of sustainable inclusive finance.  Sa-dhan released the report during its two-day 19th Sa-dhan National Conference on Inclusive Growth 2024 happening in New Delhi. Shri Jiji Mammen, Executive Director and CEO of Sa-dhan said, “The micro-finance sector needs to move into a sustainable mode; so as to bring a comprehensive and sustainable development at the bottom of the pyramid. Micro-finance helps milli...

Mumbai (Maharashtra) [Indai], June 20:  Board of directors of DJ Mediaprint & Logistics Ltd, a leading provider of Integrated Printing, Logistics and Courier solutions in India and overseas has approved a 2:1 bonus issue. The company board also approved issuance of increase the authorized share capital from Rs. 15 crore to Rs. 50 crore, subject to approval of shareholders. Company reported highest Revenue and Profit for FY 24; Revenue in FY24 rise 12.83% Y-o-Y to Rs. 57.04 crore; Net Profit rise 51% Y-o-Y in FY24 to Rs. 5.04 crore The board of directors in the meeting held on 18 June 2024, approved issue of Bonus Shares by way of capitalization of free reserves and share premium, to the equity shareholders of the company in the ratio of 2: 1 (2 new fully paid-up Equity Shares...

Creditwalle is making borrowing effortless with the launch of its next-generation financial services platform. The company is empowering borrowers with transparency, a fast lending mechanism, and 24/7 customer support to ensure borrowers don’t feel the urge to shift preferences.  Today, the financial market is consistently evolving based on the growing demand for accessibility, speed, and convenience. Instant loan websites like Creditwalle have emerged out of the blue to make instant loans accessible for every individual on short notice. Easy-to-use website interface, 24-hour and seven days week availability, convenient access to funds, and quick instant loan disbursal account for the rising popularity of instant loan websites such as Creditwalle. The website also provides single applic...

New Delhi (India), June 14: All India– Purple Finance, a MSME focused lender proudly announces its successful listing on the BSE Limited, trading under Scrip ID PURPLEFIN | Scrip Code: 544191. This marks a pivotal milestone in the Company’s journey, reflecting strong market confidence and investor enthusiasm for Purple Finance’s strong business outlook.  The stock listing of Purple Finance has generated significant interest, with the stock opening at 119.02 and closing at 123.07, indicating robust investor demand. This successful market debut underscores the Company’s potential for continued growth and market leadership. Mr. Amitabh Chaturvedi, Promoter & Executive Chairman, Purple Finance Limited, expressed excitement about the listing: “Today is a landmark day for Purple Financ...

Lucknow (Uttar Pradesh) [India], June 4: AtMoonVentures Pvt. Ltd., a renowned fintech firm, is transforming the financial environment with innovative digital solutions. Mr. Rakeshwar Sharma started the company in 2021, and it has established itself as a force for positive change through innovative digital solutions and a commitment to financial inclusion. With his background in finance and technology, Mr. Sharma recognised the transformative power of digital financial services, especially in rural areas lacking traditional banking infrastructure. This realisation sparked his entrepreneurial spirit, leading him to establish AtMoonVentures to provide secure and accessible digital solutions for all.  From Startup to a Global Entity Mr. Sharma prioritises developing a talented and ded...

Mussoorie (Uttarakhand) [India], June 4: In the picturesque hill station of Mussoorie on 15-16 May 2024 at Ramada an enlightening and transformative event recently unfolded, leaving an indelible mark on the Indian entrepreneurial landscape. Mr. Satnam Singh, the esteemed Emerging Portfolio Management Consultant and Managing Director of Diago Finance Ltd, a Dubai-based broker house, spearheaded an intensive educational program aimed at enhancing trading knowledge and skills. This event, attended by 100 entrepreneurs from various parts of India, was not just a training session but a comprehensive journey into the intricacies of trading and financial management. The Vision Behind the Program Mr. Satnam Singh has long been recognized for his expertise in portfolio management and financia...

Alok Kumar Agarwal Alankit, “At the heart of India’s FinTech revolution lies a relentless pursuit of technological innovation.” New Delhi [India], May 2: In recent years, India has emerged as a global powerhouse in the field of financial technology or FinTech. India’s FinTech sector showcases remarkable dynamism, epitomizing the nation’s technological prowess. “Advancements across Payments, Digital Lending, InsurTech, and WealthTech underscore its capacity for innovation, positioning India as a global leader in financial technology,” says Alok Kumar Agarwal Alankit. Continuing further he adds, “Notably, the Payments segment has experienced an extraordinary surge in India. UPI transactions alone saw an astounding 82% annual growth in the past fiscal year, totaling 38.87 billion transacti...

More than 40 countries were represented by over 7200 attendees at the 3-day event Mumbai (Maharashtra) [India], March 1:  Informa Markets, India’s leading B2B exhibition organiser, concluded the highly successful 2nd edition of Vitafoods India at the Jio World Convention Center, Mumbai. The three-day dedicated event took place between 13th to 15th February 2024, designed to showcase the fast-transforming Indian nutraceutical market. Vitafoods India 2024 witnessed an impressive turnout, with 7200 attendees across three days, marking a remarkable 94% growth in visitors compared to the 2023 edition. The esteemed expo was graced by distinguished dignitaries, including Chief Guest Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra ; Sanjaya M...

Mumbai (Maharashtra) [India], February 28: Business Loan is a type of financing provided to support the growth, operations, or expansion of a business.  Piramal Finance, a leading financial services provider, announces the hassle-free business loan, aimed at empowering entrepreneurs and businesses to accelerate their growth initiatives. With a commitment to simplicity, speed, and support, Piramal Finance offers a streamlined application process, fast disbursal, and personalized assistance to help businesses thrive. At Piramal Finance, we believe in empowering businesses with access to timely and flexible financing solutions, enabling them to achieve their growth objectives efficiently. With our easy application process, rapid disbursal, and ongoing support, we aim to be the preferred fi...

New Delhi (India), February 17: The annual Union Budget unveils its plans for the Nation’s economy, and naturally, leading entrepreneurs have their keen observations to share. This curated list captures the diverse reactions of prominent business minds, offering valuable insights into how the budget might impact different sectors and the overall entrepreneurial ecosystem. Dharmesh Mehta – Founder & Managing Director of ARTHAM Finserve Pvt Ltd The unveiling of a budget that charts a clear course for the Nation is a welcome sight in an era of uncertainty. The cornerstone of this budget is its commitment to policy continuation, instilling confidence and stability in the corporate sector. The FY25 fiscal deficit has been pegged at 5.1% of GDP, lower than market expectations, with a c...