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CX Partners hits first close for new private equity fund

Finance

17 May, 2018

CX Partners hits first close for new private equity fund

Homegrown private equity firm CX Partners has marked the first close of its second sector-agnostic fund while trimming its target ......

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In Charts: How trading in corporate bonds has surged in recent years

Finance

16 May, 2018

In Charts: How trading in corporate bonds has surged in recent years

Indian companies raised a lesser amount by issuing corporate bonds in the year through March due partly to rising yields ......

CBI files charges against jeweller Mehul Choksi in PNB fraud case

Finance

16 May, 2018

CBI files charges against jeweller Mehul Choksi in PNB fraud case

The Central Bureau of Investigation (CBI) has filed charges against five further people including jeweller Mehul Choksi as part of ......

How the $2-bn PNB fraud choked credit supply to small businesses

Finance

16 May, 2018

How the $2-bn PNB fraud choked credit supply to small businesses

When a $2 billion dollar fraud at state-run Punjab National Bank rocked India two months ago, Chetan Hemani and other ......

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How Pramod Bhasin and Vikram Gandhi minted money in Asha Impact's Varthana exit

Finance

15 May, 2018

How Pramod Bhasin and Vikram Gandhi minted money in Asha Impact's Varthana exit

Investment banker Vikram Gandhi and former chief executive officer of IT services major Genpact, Pramod Bhasin, struck a multi-bagger exit ......

India's trade deficit widens to $13.7 bn in April

Finance

15 May, 2018

India's trade deficit widens to $13.7 bn in April

India’s trade deficit slightly widened to $13.72 billion in April from $13.25 billion a year ago, government data showed on ......

Northern Arc Investment raising up to $38 mn in sixth debt fund

Finance

15 May, 2018

Northern Arc Investment raising up to $38 mn in sixth debt fund

Asset management firm Northern Arc Investment Managers Pvt. Ltd aims to raise as much as Rs 250 crore ($38 million) for ......

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Inventus set for first close of India-only VC fund

Finance

15 May, 2018

Inventus set for first close of India-only VC fund

Early-stage investment firm Inventus Capital Partners, which invests in Indian and US startups and had spliced up its latest fund ......

Punjab National Bank posts $2 bn loss for Jan-March on Nirav Modi scam

Finance

15 May, 2018

Punjab National Bank posts $2 bn loss for Jan-March on Nirav Modi scam

Punjab National Bank, the fourth-biggest Indian lender by assets, posted a $1.98 billion fourth-quarter net loss after being hit by ......

IIM Ahmedabad incubator hits first close of Bharat Inclusion Seed Fund

Finance

15 May, 2018

IIM Ahmedabad incubator hits first close of Bharat Inclusion Seed Fund

The incubation centre at the Indian Institute of Management, Ahmedabad, has launched a $25 million (Rs 169 crore) initiative to ......

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