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