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

India's April-Aug fiscal deficit at 94.7% of full-year target

Economy

25 September, 2018

India's April-Aug fiscal deficit at 94.7% of full-year target

India reported on Tuesday a fiscal deficit of 5.9 trillion rupees ($81.4 billion) for April-August, or 94.7 percent of the ......

Why affordable housing hasn't really gained traction

Finance

25 September, 2018

Why affordable housing hasn't really gained traction

Affordable housing has proven to be uneconomical and most action has centered on ‘economic housing’ targeting middle-class population. What more ......

Anand Rathi Wealth files for $58 mn IPO

Finance

25 September, 2018

Anand Rathi Wealth files for $58 mn IPO

Financial services major Anand Rathi Group has filed a draft prospectus to list its wealth management arm through an initial ......

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Top IDFC Bank exec resigns to join i-banking firm

Finance

25 September, 2018

Top IDFC Bank exec resigns to join i-banking firm

A senior equity capital market executive at Mumbai-listed IDFC Bank has resigned to join one of India’s top investment banking...

TPG in talks to take over Abraaj's $1 bn healthcare fund

Finance

25 September, 2018

TPG in talks to take over Abraaj's $1 bn healthcare fund

Actis has been picked as the preferred bidder for the management rights of Abraaj's Africa funds, sources familiar with the...

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PremjiInvest, ADIA among anchor investors as Aavas Financiers IPO makes slow start

Finance

25 September, 2018

PremjiInvest, ADIA among anchor investors as Aavas Financiers IPO makes slow start

Aavas Financiers Ltd has raised Rs 520 crore ($71.3 million) by selling shares to a bunch of anchor investors, including ......

Swiss investor leads Series C funding round in Ummeed Housing Finance

Finance

24 September, 2018

Swiss investor leads Series C funding round in Ummeed Housing Finance

Delhi-based Ummeed Housing Finance Pvt. Ltd has raised Rs 60 crore ($8.3 million) from Zurich-headquartered LGT Impact and Rs...

IIFL Wealth to buy former employee's fintech startup Altiore

Finance

24 September, 2018

IIFL Wealth to buy former employee's fintech startup Altiore

IIFL Wealth Management Ltd, a unit of financial services company IIFL Holdings, has announced in a stock-exchange filing that...

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Top IDBI Capital exec quits to join private-sector bank

Finance

24 September, 2018

Top IDBI Capital exec quits to join private-sector bank

A top executive at IDBI Capital Markets & Securities Ltd has quit to join a Mumbai-based bank, in the latest ......

Unicorn India Ventures ropes in Federal Bank as anchor LP for maiden debt fund

Finance

24 September, 2018

Unicorn India Ventures ropes in Federal Bank as anchor LP for maiden debt fund

Mumbai-based venture capital firm Unicorn India Ventures announced on Monday that private-sector lender Federal Bank will be the...

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