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

Avendus hires IIFL, BCCL execs to ramp up wealth management business

Finance

16 June, 2020

Avendus hires IIFL, BCCL execs to ramp up wealth management business

Financial services firm Avendus Capital Pvt. Ltd has appointed two executive directors at its wealth management arm, as it overhauled...

Axis Bank ED Pralay Mondal quits, may lead another lender

Finance

16 June, 2020

Axis Bank ED Pralay Mondal quits, may lead another lender

Pralay Mondal, executive director for retail banking at Axis Bank, has resigned his position at the private-sector lender and...

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About 40% of global LPs see elevated political risk in India: Coller Capital PE study

Finance

15 June, 2020

About 40% of global LPs see elevated political risk in India: Coller Capital PE study

Close to 40% of the limited partners (LPs) surveyed across North America, Europe, the Asia-Pacific and West Asia think that ......

Indian exports fall by over 36% in May

Economy

15 June, 2020

Indian exports fall by over 36% in May

India’s merchandise exports shrank by more than a third in May from a year ago, dragged down by a fall ......

AION-backed Clix Capital eyes troubled Lakshmi Vilas Bank

Finance

15 June, 2020

AION-backed Clix Capital eyes troubled Lakshmi Vilas Bank

Clix Capital, a non-bank lender controlled by private equity firm AION Capital, has shown preliminary interest to buy a majority...

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Looking closely at secondaries deals, co-investments in India: IFC's Neha Grover

Finance

15 June, 2020

Looking closely at secondaries deals, co-investments in India: IFC's Neha Grover

International Finance Corporation (IFC) has steadily increased its investments in India over the years. India accounted for 13.7% of its ......

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Ascent Capital set to hit final close of new private equity fund

Finance

15 June, 2020

Ascent Capital set to hit final close of new private equity fund

Homegrown private equity firm Ascent Capital Advisors India Pvt. Ltd is close to making the final close of its latest ......

Govt suspends release of inflation, industrial output data for lockdown period

Economy

12 June, 2020

Govt suspends release of inflation, industrial output data for lockdown period

India said on Friday it was putting off the release of headline consumer price inflation numbers for April and May, ......

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

Finance

12 June, 2020

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

The country’s largest lender State Bank of India (SBI) has taken Anil Ambani to the bankruptcy tribunal for a personal ......

Govt's $40-bn plan to revive SMEs off to a slow start

Finance

12 June, 2020

Govt's $40-bn plan to revive SMEs off to a slow start

India’s ambitious plan to provide some 3 trillion rupees ($39.5 billion) in loans to small businesses to boost an economy...

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