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

Indian economy shrinks record 23.9% in April-June quarter

Economy

31 August, 2020

Indian economy shrinks record 23.9% in April-June quarter

Indian economy contracted at its steepest pace on record of 23.9% year-on-year in the June quarter, official data showed, as ......

India's fiscal deficit crosses full-year budget target in four months

Economy

31 August, 2020

India's fiscal deficit crosses full-year budget target in four months

India's federal fiscal deficit in the four months to end July stood at 8.21 trillion rupees ($111.7 billion), or 103.1% ......

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Angel network SucSEED in talks with foreign LPs as debut fund gets regulatory nod

Finance

31 August, 2020

Angel network SucSEED in talks with foreign LPs as debut fund gets regulatory nod

Angel network SucSEED Venture Partners has received a regulatory approval for its debut fund as it seeks to make more ......

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Groww, BharatPe backer Ribbit Capital bets on stock broking firm

Finance

28 August, 2020

Groww, BharatPe backer Ribbit Capital bets on stock broking firm

Ribbit Capital, the fintech-focussed investor that counts payments startup BharatPe and online investment platform Groww among...

ICICI Bank pares stake in stock broking unit ICICI Securities

Finance

28 August, 2020

ICICI Bank pares stake in stock broking unit ICICI Securities

ICICI Bank, India’s second-largest private-sector bank, said Friday it has pared its stake in its broking and investment...

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Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

Finance

28 August, 2020

Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the ......

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Ed-tech sector has a huge valuation mismatch: Equanimity's Sehgal

Finance

28 August, 2020

Ed-tech sector has a huge valuation mismatch: Equanimity's Sehgal

Mumbai-based venture capital firm Equanimity Investments made the final close of its debut fund with an oversubscription last month. The ......

India's recession-hit economy unlikely to recover before 2021

Economy

28 August, 2020

India's recession-hit economy unlikely to recover before 2021

India’s deepest recession on record will linger through the rest of this year and begin to lift only in early ......

PAG to buy 51% stake in Edelweiss Wealth Management for $300 mn

Finance

27 August, 2020

PAG to buy 51% stake in Edelweiss Wealth Management for $300 mn

Hong Kong private equity firm PAG has struck its second India related transaction as it inks an agreement to pick ......

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Shriram Transport parent nominates PE exec ousted from board

Finance

27 August, 2020

Shriram Transport parent nominates PE exec ousted from board

Shriram Transport Finance Corporation (STFC) and its promoters have nominated for re-induction as a director an executive of private...

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