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Finance

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

India's services activity grew robustly in Nov; price pressures intensify

Economy

03 December, 2021

India's services activity grew robustly in Nov; price pressures intensify

Activity in India's dominant services sector continued to grow at a robust pace last month supported by a strong recovery...

Star Health raises lower than targeted amount in IPO amid weak demand

Finance

02 December, 2021

Star Health raises lower than targeted amount in IPO amid weak demand

The initial public offering (IPO) of Star Health & Allied Insurance Co Ltd sailed through on the final day, after ......

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SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

Finance

02 December, 2021

SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in...

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Westbridge Capital-backed Star Health to cut OFS size amid weak demand for IPO

Finance

02 December, 2021

Westbridge Capital-backed Star Health to cut OFS size amid weak demand for IPO

The initial public offering of Star Health and Allied Insurance Co Ltd will cut its offer for sale (sale of ......

Slice backer 8i Ventures launches second VC fund of $50mn

Finance

02 December, 2021

Slice backer 8i Ventures launches second VC fund of $50mn

Early-stage venture capital firm 8i Ventures, which has backed company such as the recently turned fintech unicorn Slice and specialty...

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Fairfax made its first partial exit from IIFL, sitting on below-benchmark returns

Finance

02 December, 2021

Fairfax made its first partial exit from IIFL, sitting on below-benchmark returns

Canadian billionaire Prem Watsa’s Fairfax has made a partial exit from non-banking financial company (NBFC) IIFL Finance.  The...

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Open backer Unicorn India Ventures raises bulk of second fund, adds global LPs

Finance

02 December, 2021

Open backer Unicorn India Ventures raises bulk of second fund, adds global LPs

Unicorn India Ventures, backer of companies such as neo-banking startup Open, micro-lending startup SmartCoin and robotics firm...

India Nov trade deficit at record $23.27 billion

Economy

02 December, 2021

India Nov trade deficit at record $23.27 billion

India posted a record merchandise trade deficit of $23.27 billion in November compared with $10.19 billion a year ago, preliminary...

Indian shares edge higher on auto, pharma boost; Omicron woes cap gains

Finance

02 December, 2021

Indian shares edge higher on auto, pharma boost; Omicron woes cap gains

Indian shares opened marginally higher on Thursday, as gains in autos, pharma and energy were capped by fears about the ......

Japan's Sumitomo Mitsui Financial buys 74.9% stake  in Fullerton India Credit

Finance

01 December, 2021

Japan's Sumitomo Mitsui Financial buys 74.9% stake in Fullerton India Credit

Japan’s Sumitomo Mitsui Financial Group (SMFG) has bought 74.9% stake in non-bank lender Fullerton India...

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