Financial Services

Almondz reports Q2 profit growth as infrastructure orders expand

Almondz Global Securities reported consolidated revenue of INR 40.09 crore and profit of INR 9.13 crore, while financial services segment profit declined.

Credit at the last mile

BLS E-Services is combining local banking access with digital loan distribution to reach smaller businesses, as India’s credit expansion puts sharper focus on borrower needs and repayment capacity.

Kotak Securities adopts Kotak Neo as its retail identity

Kotak Securities says its retail business will use the Kotak Neo identity, bringing digital and relationship-led offerings under one name. The legal entity and existing accounts, products, services and governance framework remain unchanged, it says.

HDFC Pension survey finds higher NPS consideration among aware urban savers

HDFC Pension’s index rose to 57 from 54 in 2023. The survey covered 1,812 NPS-aware respondents aged 30–55 across 13 cities, so its findings should not be presented as a nationally representative measure.

Moneyview sets INR 32–34 price band for IPO opening September 24

Moneyview’s IPO will open September 24 at INR 32–34 a share, comprising a fresh issue of up to INR 750 crore and an offer for sale of up to 100.49 million shares.

Axis Mutual Fund opens NFO for a Nifty500 low volatility index fund

Axis Mutual Fund has opened a new fund offer tracking the Nifty500 Low Volatility 50 index. The expense ratio, minimum investment and fund manager were not disclosed.

Swiggy delivery partners get discounted Hero bikes and 90 percent financing

Swiggy riders can select a Hero model in the app for discounted dealership pricing, with loans at up to 90 percent of value. Neither company named the lender or the discount.

Axis Pension Fund doubles assets in 15 months

The Axis Bank step-down subsidiary has doubled its pension assets since June 2025, as National Pension System adoption grows in the non-government segment.

Paramotor ties up with NSDL Payments Bank for co-branded prepaid cards ahead of IPO

The fintech, which filed confidentially for a main-board listing in May, will issue co-branded prepaid cards with NSDL Payments Bank. Neither company disclosed terms, volumes or a launch date.

Island Computing opens Indian sovereign cloud, claims 30% cost edge over AWS Mumbai

Bengaluru startup Island Computing opens its cloud platform on 15 August, pitching Indian jurisdiction to banks and government bodies and claiming 30% lower costs than AWS Mumbai, while disclosing no funding, customers or data-centre locations.

Axis AMC absorbs Axis Securities' PMS business

Axis AMC has acquired the portfolio management services business of group entity Axis Securities, folding it into a new "Alternates by Axis AMC" platform

The Card Company launches a prepaid metal card

The Card Company's new metal prepaid card offers lounge access, hotel perks and rewards with no credit check or income proof, testing whether premium card status can be sold to Indians without any lending attached.

AI-first, ready since 2014

As the IndiaAI Mission and the RBI's FREE-AI framework reshape lending AI in India, Global Biz2X explains the long-planned AI-first pivot they have been building toward.

Axis Max Life introduces ‘Smart RISE'

Axis Max Life Insurance Ltd. {formerly known as Max Life Insurance Company Ltd.} ("Axis Max Life"/ "Company"), has launched Axis Max Life Smart Retirement Income with Sustained Earnings Plan [Smart RISE] (UIN: 104N160V01), a retirement product that combines guaranteed annuity component with a benchmark-linked component

G+D Redesigns the Last Mile of Payment Card

Issuing a payment card is one part; getting cardholders to use it is another story. Despite record card-in-force numbers – there are now more than 648 million credit card accounts in the United States alone, according to the Federal Reserve Bank of New York – activation remains one of the

S&P Global presence in downtown Gurugram

S&P Global (NYSE: SPGI) announced the inauguration of its new, state-of-the-art office in Downtown Gurugram. This move marks a major investment in the company's long-standing presence in the city and reinforces India's role as a strategic hub for talent, with

Pramerica Life Insurance launches 'Rising Bharat Fund'

Pramerica Life Insurance announced the launch of Pramerica Rising Bharat Fund, an equity-oriented ULIP fund designed to enable retail policyholders to participate in India’s rapidly growing midcap segment. The fund is benchmarked to the Nifty Midcap 150 Index, which comprises 150 companies ranked immediately after the top 100