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Finance

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

School financier Varthana raises $3 mn from MSDF

Finance

12 October, 2017

School financier Varthana raises $3 mn from MSDF

Bengaluru-based school finance company Thirumeni Finance Pvt. Ltd, which operates under the Varthana brand, has raised $3 million (Rs 20 ......

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Eyeing concentrated VC bets to keep hit rate high in India: Bertelsmann's Makkar

Finance

12 October, 2017

Eyeing concentrated VC bets to keep hit rate high in India: Bertelsmann's Makkar

Bertelsmann India Investments (BII), the strategic investment arm of one of the world's largest mass media companies, BertelsmannSE & Co. ......

GIC Re's $1.7 bn share sale covered 80% on day 1; IEX IPO sails through

Finance

11 October, 2017

GIC Re's $1.7 bn share sale covered 80% on day 1; IEX IPO sails through

The initial public offering of state-run reinsurance firm General Insurance Corp of India (GIC Re) was covered 80% on the ......

Goldman Sachs forms in-house group to spot out-of-the-box deals for big firms

Finance

11 October, 2017

Goldman Sachs forms in-house group to spot out-of-the-box deals for big firms

Goldman Sachs Group Inc is betting it can get its money-making mojo back by pitching creative deals to big, complex ......

IMF cuts India growth forecast to 6.7%, upgrades global outlook

Finance

10 October, 2017

IMF cuts India growth forecast to 6.7%, upgrades global outlook

The current broad-based global economic upswing will likely be sustained this year and next, the International Monetary Fund said on ......

Reliance Nippon Life Asset Management gets SEBI nod for IPO

Finance

10 October, 2017

Reliance Nippon Life Asset Management gets SEBI nod for IPO

India's third-largest mutual fund manager Reliance Nippon Life Asset Management (RNAM), operated by Anil Ambani-led Reliance Group, has received the ......

Indian banks' bad loans touch record $146 bn

Finance

10 October, 2017

Indian banks' bad loans touch record $146 bn

Indian banks’ sour loans hit a record 9.5 trillion rupees ($145.56 billion) at the end of June, unpublished data shows, ......

PE-backed MAS Financial's IPO covered 128 times; IEX nears halfway mark on day 2

Finance

10 October, 2017

PE-backed MAS Financial's IPO covered 128 times; IEX nears halfway mark on day 2

The initial public offering of MAS Financial Services Ltd received bids for 128 times the shares on sale thanks to ......

Reliance General Insurance files for IPO

Finance

09 October, 2017

Reliance General Insurance files for IPO

Anil Ambani-controlled Reliance Group on Monday filed a draft proposal with the Securities and Exchange Board of India to list ......

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Impact investor Dia Vikas Capital backs Satya MicroCapital

Finance

09 October, 2017

Impact investor Dia Vikas Capital backs Satya MicroCapital

Non-banking financial company Satya MicroCapital Ltd has raised its first round of institutional funding from impact investor Dia Vikas Capital ......

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