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Stay updated with the latest financial news, funding developments, government policies, and insights shaping the finance sector in India.

Saudi Arabia's SMASCO aims to raise $240 mn via IPO

Finance

08 May, 2024

Saudi Arabia's SMASCO aims to raise $240 mn via IPO

Saudi Arabian staffing company SMASCO aims to raise as much as 900 million riyals ($239.99 million) in its initial ......

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Flutterwave backer LoftyInc courts offshore LP as it aims to quintuple AUM with new Africa VC fund

Finance

08 May, 2024

Flutterwave backer LoftyInc courts offshore LP as it aims to quintuple AUM with new Africa VC fund

LoftyInc Capital, a pan-African early-stage venture capital firm, is likely to secure commitment from a European ......

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Sub-Saharan Africa-focused private debt fund REGMIFA to get another cheque

Finance

08 May, 2024

Sub-Saharan Africa-focused private debt fund REGMIFA to get another cheque

The Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), an open-ended private debt fund focusing on micro, ......

India among top contributors to rise in global debt burden to record $315 trillion

Finance

07 May, 2024

India among top contributors to rise in global debt burden to record $315 trillion

A key measure of world indebtedness has resumed its climb as global debt hit a record high of $315 trillion ......

Sensex, Nifty end lower, volatility index hits a 15-month high

Finance

07 May, 2024

Sensex, Nifty end lower, volatility index hits a 15-month high

Indian shares ended lower on Tuesday, led by losses in heavyweight financials and auto stocks, with volatility rising to......

Aramco boasts a $31 bn dividend despite decline in earnings growth

Finance

07 May, 2024

Aramco boasts a $31 bn dividend despite decline in earnings growth

Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its ......

Wealth management firm Client Associates marks first close of maiden VC fund

Finance

07 May, 2024

Wealth management firm Client Associates marks first close of maiden VC fund

Wealth management firm Client Associates, which manages assets under advisory of around $5.5 billion (Rs 45,900 crore), ......

Fairfax-backed IIFL Finance faces liquidity crunch after RBI curbs

Finance

07 May, 2024

Fairfax-backed IIFL Finance faces liquidity crunch after RBI curbs

India's IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a ......

Abu Dhabi's IHC to hold buyback of up to $1.36 bn

Finance

06 May, 2024

Abu Dhabi's IHC to hold buyback of up to $1.36 bn

International Holding Company (IHC), Abu Dhabi's largest listed company, said on Monday it would buy back up to 5 ......

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Local institutions not playing meaningful role in India's private credit market: Investec's Gupta

Finance

06 May, 2024

Local institutions not playing meaningful role in India's private credit market: Investec's Gupta

Anglo-South African bank Investec’s head of credit markets, Piyush Gupta expects some consolidation in India’s ......

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