Finance

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

How the $2-bn PNB fraud choked credit supply to small businesses

Finance

16 May, 2018

How the $2-bn PNB fraud choked credit supply to small businesses

When a $2 billion dollar fraud at state-run Punjab National Bank rocked India two months ago, Chetan Hemani and other ......

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Finance

15 May, 2018

How Pramod Bhasin and Vikram Gandhi minted money in Asha Impact's Varthana exit

Investment banker Vikram Gandhi and former chief executive officer of IT services major Genpact, Pramod Bhasin, struck a multi-bagger exit ......

Finance

15 May, 2018

India's trade deficit widens to $13.7 bn in April

India’s trade deficit slightly widened to $13.72 billion in April from $13.25 billion a year ago, government data showed on ......

Finance

15 May, 2018

Northern Arc Investment raising up to $38 mn in sixth debt fund

Asset management firm Northern Arc Investment Managers Pvt. Ltd aims to raise as much as Rs 250 crore ($38 million) for ......

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Finance

15 May, 2018

Inventus set for first close of India-only VC fund

Early-stage investment firm Inventus Capital Partners, which invests in Indian and US startups and had spliced up its latest fund ......

Finance

15 May, 2018

Punjab National Bank posts $2 bn loss for Jan-March on Nirav Modi scam

Punjab National Bank, the fourth-biggest Indian lender by assets, posted a $1.98 billion fourth-quarter net loss after being hit by ......

Finance

15 May, 2018

IIM Ahmedabad incubator hits first close of Bharat Inclusion Seed Fund

The incubation centre at the Indian Institute of Management, Ahmedabad, has launched a $25 million (Rs 169 crore) initiative to ......

Finance

14 May, 2018

Essel Group to acquire majority stake in LKP Finance

Media baron Subhash Chandra’s Essel Group has agreed to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd.Dakshin ......

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Finance

14 May, 2018

AION-controlled Clix Capital hires bankers to raise growth capital

Clix Capital Services Pvt. Ltd, a non-bank lender majority owned by private equity firm AION Capital Partners Ltd, plans to ......

Finance

14 May, 2018

Govt seeks ouster of Allahabad Bank CEO, two PNB execs over Nirav Modi fraud case

India is taking steps to oust three bank executives, its banking secretary said on Monday, after police issued a list ......

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