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Finance

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

Ashok Leyland scales back stake ownership plan for NBFC arm

Finance

23 March, 2020

Ashok Leyland scales back stake ownership plan for NBFC arm

Hinduja Group flagship Ashok Leyland Ltd will acquire a lower amount of stake in Hinduja Leyland Finance Ltd than originally ......

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InCred founder on scaling up fee-based businesses, picking PIPE over private market

Finance

23 March, 2020

InCred founder on scaling up fee-based businesses, picking PIPE over private market

Mumbai-based InCred Group, founded in 2016 by former Deutsche Bank executive Bhupinder Singh, will ramp up its fee-based businesses alongside ......

RBI nixes Religare's plan to sell NBFC unit to TCG Advisory

Finance

23 March, 2020

RBI nixes Religare's plan to sell NBFC unit to TCG Advisory

The Reserve Bank of India has rejected Religare Enterprises Ltd’s plan to sell its non-banking finance arm to asset management...

SoftBank to sell up to $41 bn assets to fund share buyback, cut debt

Finance

23 March, 2020

SoftBank to sell up to $41 bn assets to fund share buyback, cut debt

SoftBank Group Corp said on Monday it would sell up to 4.5 trillion yen ($41 billion) in assets to fund ......

SEBI tightens regulations to limit virus-led market volatility

Finance

20 March, 2020

SEBI tightens regulations to limit virus-led market volatility

India's market regulator on Friday halved position limits for certain stock futures, restricted short-selling of index derivatives...

IL&FS PE chief executive Krishna Kumar resigns

Finance

20 March, 2020

IL&FS PE chief executive Krishna Kumar resigns

IL&FS Investment Managers Ltd, the sole private equity firm to be listed on stock exchanges in India, said on Friday ......

Veritas Finance raises Series E funding from Kedaara Capital, others

Finance

20 March, 2020

Veritas Finance raises Series E funding from Kedaara Capital, others

Veritas Finance Pvt. Ltd has raised Rs 350 crore ($46 million at current exchange rates) in its Series E round ......

Global economy already in recession on coronavirus crisis: Poll

Economy

20 March, 2020

Global economy already in recession on coronavirus crisis: Poll

The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become ......

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Non-bank lender BlackSoil gets debt funding from family offices, HNIs

Finance

20 March, 2020

Non-bank lender BlackSoil gets debt funding from family offices, HNIs

Mumbai-based non-banking financial company BlackSoil Capital Pvt. Ltd has raised debt capital by issuing non-convertible debentures...

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NBFCs must adapt, make loans to sell and not hold: U Gro's Shachindra Nath

Finance

20 March, 2020

NBFCs must adapt, make loans to sell and not hold: U Gro's Shachindra Nath

Shachindra Nath, a financial services veteran, started providing loans to small businesses last year under non-banking financial firm U Gro ......

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