Finance

Indian Institute of Technology Delhi has received a significant philanthropic contribution of Rs. 75 crore from alumnus Anant Yardi, founder of Yardi Systems. The funding is aimed at strengthening advanced research in artificial intelligence while also supporting infrastructure modernization initiatives. A substantial portion will be allocated to the Yardi School of Artificial Intelligence, reinforcing IIT Delhi’s position as a leading innovation hub.

Axis Bank has approved a capital infusion of Rs. 1,500 crore into its wholly owned subsidiary, Axis Finance Ltd, through a rights issue to be executed in phases by March 31, 2027. The investment, cleared by the Reserve Bank of India, is aimed at supporting business expansion and strengthening the non-banking financial company’s balance sheet. With growing demand for diversified credit solutions, the move reflects Axis Bank’s strategic emphasis on scaling its NBFC operations to capture emerging lending opportunities and enhance long-term revenue streams.