On Thursday, Bharatiya Janata Party (BJP) leader and Rajya Sabha member Subramanian Swamy levelled fresh allegations against the Reserve Bank of India (RBI) governor Raghuram Rajan, demanding that the latter be sacked.
Religare Enterprises Ltd said on Friday it has decided to splice itself into three separate listed firms engaged in lending, health insurance and capital markets, a move that would allow the businesses to raise money independently and chart their own course.
Creador, a private equity firm focused on South and Southeast Asia, has sold additional stake in its four-year-old investment in Murugappa Group’s non-banking financial company (NBFC) Cholamandalam Investment & Finance Co. Ltd by selling over one-third of its stake.
Japan’s leading seed investment firm Incubate Fund is entering India as an anchor investor in the recently-formed Incubate Fund India. The seed investment firm, which started operations a month ago, is close to making a couple of early-stage investments.