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

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Impact investor Lok Capital scores another profitable exit with housing finance NBFC

Finance

12 January, 2021

Impact investor Lok Capital scores another profitable exit with housing finance NBFC

Impact investor Lok Capital has booked a profitable exit from a four-year old investment in a non-banking finance company (NBFC)...

InCred Asset Management onboards ICICI Prudential exec as CEO, investment chief

Finance

12 January, 2021

InCred Asset Management onboards ICICI Prudential exec as CEO, investment chief

InCred Asset Management, the fund management arm of the InCred Group, has hired ICICI Prudential AMC’s Mrinal Singh as its...

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Sterlite Power raises Rs 1,300 crore bridge finance from Allianz, local investor

Finance

12 January, 2021

Sterlite Power raises Rs 1,300 crore bridge finance from Allianz, local investor

Transmission company Sterlite Power has raised Rs 1,300 crore ($176.7 million) in debt financing from Germany’s Allianz...

Volkswagen Finance turns majority stakeholder in KUWY Technology

Finance

11 January, 2021

Volkswagen Finance turns majority stakeholder in KUWY Technology

Volkswagen Finance on Monday said it has increased its shareholding in Chennai-based automotive lending startup KUWY Technology...

Indian lenders' bad loans may rise significantly: Financial stability report

Finance

11 January, 2021

Indian lenders' bad loans may rise significantly: Financial stability report

Indian banks may see bad loans double despite signs of an improvement in the economic impact of the COVID-19 pandemic, ......

Dutch development finance institutions to invest in agri-focused NBFC Samunnati

Finance

11 January, 2021

Dutch development finance institutions to invest in agri-focused NBFC Samunnati

Samunnati Financial Intermediation & Services Pvt Ltd will raise €10 million (about $12 million or Rs 89 crore) in debt...

PE-backed Parag Milk Foods to raise debt funding from IFC

Consumer

11 January, 2021

PE-backed Parag Milk Foods to raise debt funding from IFC

Parag Milk Foods Ltd, the dairy and value-added products manufacturer that offers brands including the Go brand of cheese, will...

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SMEcorner CEO Samir Bhatia on asset-light co-lending, growth roadmap post pandemic

Finance

11 January, 2021

SMEcorner CEO Samir Bhatia on asset-light co-lending, growth roadmap post pandemic

Coming through a difficult year on account of the Covid-19 pandemic, microlending platform SMEcorner expects to more than double...

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Edelweiss Group's Hemant Daga on post-COVID outlook, distressed opportunities

Finance

08 January, 2021

Edelweiss Group's Hemant Daga on post-COVID outlook, distressed opportunities

In a pandemic hit year, Mumbai headquartered Edelweiss was among the few financial services groups that raised capital for new ......

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Homegrown PE joins new funding round in Morgan Stanley-backed Ummeed Housing Finance

Finance

08 January, 2021

Homegrown PE joins new funding round in Morgan Stanley-backed Ummeed Housing Finance

Gurugram-based Ummeed Housing Finance Pvt Ltd is in the process of closing an equity round from returning investors and a ......

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