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

RBI hikes repo rate by 40 bps to 4.40%

Finance

04 May, 2022

RBI hikes repo rate by 40 bps to 4.40%

The Reserve Bank of India's monetary policy committee raised the key lending rate by 40 basis points on Wednesday, citing...

Kaleidofin raises additional $15 mn in Series B funding

Finance

04 May, 2022

Kaleidofin raises additional $15 mn in Series B funding

Chennai-based Kaleidofin Pvt. Ltd, which operates an eponymous neobanking platform, has raised $15 million...

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Finance

03 May, 2022

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Fairfax Financial Holdings Ltd-backed non-bank lender IIFL Finance Ltd and SME-focused neo-banking platform Open Financial Technologies...

Norway sovereign wealth fund CEO warns of rocky times

Finance

03 May, 2022

Norway sovereign wealth fund CEO warns of rocky times

Norway's $1.2 trillion sovereign wealth fund, the world's largest, expects difficult market conditions in the time to...

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LIC IPO gets fully subscribed by anchor investors

Finance

03 May, 2022

LIC IPO gets fully subscribed by anchor investors

Life Insurance Corporation of India’s initial public offering (IPO) was fully subscribed by anchor investors including Norwegian...

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JITO eyes up to 70 bets in next two years with Rs 150 cr to invest

Finance

02 May, 2022

JITO eyes up to 70 bets in next two years with Rs 150 cr to invest

Community-based JITO Angel Network is looking to deploy over Rs 150 crore across 50-70 startups in the next two years, ......

Indifi ropes in ex-SBI chairman Rajnish Kumar as adviser

Finance

28 April, 2022

Indifi ropes in ex-SBI chairman Rajnish Kumar as adviser

Small business-focused digital lender Indifi Technologies Thursday appointed former SBI chairman Rajnish Kumar as an adviser for...

Former KKR executive launches own fintech venture, secures first round of funding

Finance

28 April, 2022

Former KKR executive launches own fintech venture, secures first round of funding

A former official of US-based alternative investment company KKR & Co has launched a credit card-focused fintech startup and...

IFC makes debt investment in Blackstone-backed housing finance firm

Finance

28 April, 2022

IFC makes debt investment in Blackstone-backed housing finance firm

International Finance Corporation (IFC), private investment arm of the World Bank, has proposed to make a debt investment of up...

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WEH Ventures' second fund exceeds target corpus

Finance

28 April, 2022

WEH Ventures' second fund exceeds target corpus

Mumbai-based WEH Ventures has already exceeded its second fund's target corpus of Rs 100 crore and is set to announce ......

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