Finance
Stay updated with the latest financial news, funding developments, government policies, and insights shaping the finance sector in India.
Finance
State-run banks report frauds of over $13 bn in April-September
India’s state-run banks reported fraud worth 957.6 billion rupees ($13.34 billion) in the first six months of the fiscal...
Finance
Centrum Group buys business ops of microlender Altura
Mumbai-based financial services group Centrum has acquired the business operations of New Delhi-headquartered microlender Altura...
Finance
Secondaries specialist NewQuest hires CLSA exec for India office, raises new fund
NewQuest Capital Partners has appointed a former executive at investment banking and brokerage firm CLSA Ltd for its Mumbai office...
Economy
Govt plans strategic stake sales in 28 state-run companies
India’s cabinet has given ‘in-principle’ approval for the sale of strategic stakes in 28 state-run companies...
Finance
AIIB extends $575 mn loans for two India projects
The Asian Infrastructure Investment Bank (AIIB) has approved $575 million in loans to two urban infrastructure projects in India...
Finance
Govt tweaks bankruptcy rules to help non-bank lenders
India has amended its insolvency and bankruptcy rules to allow for greater flexibility in resolving problems at troubled non-banking...
Finance
Canada's CPPIB posts 2.2% return in July-Sept quarter
The Canada Pension Plan Investment Board (CPPIB), the country's biggest public pension fund, on Thursday reported a 2.2% return...
Economy
Tax officials find PM Modi's targets too taxing, some quit
India’s tax officials are facing a taxing issue. Prime Minister Narendra Modi’s government wants them to collect...
Finance
InCred to acquire L&T Finance's West Asian wealth management biz
InCred Capital has agreed to acquire 100% stake in the West Asian wealth management business of L&T Finance Holdings, the...
Finance
IIFL, Avendus funds lead Ujjivan Small Finance Bank's pre-IPO funding round
Funds of IIFL and Avendus Capital, along with Akash Bhanshali of Enam, have led Ujjivan Small Finance Bank Ltd’s pre-IPO...
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