The Reserve Bank of India (RBI) on Thursday, January 16, said that Tata Sons' application for de-registration as a non-banking financial company (NBFC) is currently under examination. The inclusion of Tata Sons in the upper layer of NBFCs is without prejudice to its application. The central bank said that Tata Sons' request to de-register as an NBFC is still being reviewed.
Open Flip
IT company Mastek Ltd on Thursday (January 16) reported a 27% year-on-year (YoY) increase in net profit at ₹95 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Mastek posted a net profit of ₹75 crore. The company's revenue from operations rose 11% to ₹870 crore against ₹784 crore in the year-ago quarter.
Open Flip
Setu, the fintech infrastructure startup owned by Pine Labs, has announced the appointment of Vijeth Pandit as its chief product officer. Pandit, formerly the senior director of product management at Razorpay, played a pivotal role in scaling its core payments portfolio. Pandit's appointment comes 10 months after the firm appointed former SAP India executive Raisinghani as its CEO.
Open Flip
