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

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Intercontinental Exchange exits sole India investment with a haircut

Finance

19 February, 2020

Intercontinental Exchange exits sole India investment with a haircut

Intercontinental Exchange Inc. (ICE), the world's second-largest exchange group by market value, has exited its sole India...

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These three sectors account for nearly three-fourths of bankruptcy cases

Finance

19 February, 2020

These three sectors account for nearly three-fourths of bankruptcy cases

Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......

Blume Ventures marks final close of new fund, overshoots target

Finance

19 February, 2020

Blume Ventures marks final close of new fund, overshoots target

Blume Ventures said on Wednesday it has marked the final close of its third fund at $102 million (Rs 715 ......

SoftBank spends $2.5 bn to get second Vision Fund off the ground

Finance

19 February, 2020

SoftBank spends $2.5 bn to get second Vision Fund off the ground

SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the ......

HSBC to shed $100 bn in assets, slash 35,000 jobs over three years

Finance

18 February, 2020

HSBC to shed $100 bn in assets, slash 35,000 jobs over three years

HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and ......

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Apis, ChrysCap co-investing in a private lender

Finance

17 February, 2020

Apis, ChrysCap co-investing in a private lender

London-based mid-market private equity firm Apis Partners, which is focused on financial services and technology segments, is...

RBI's three-year repo auction sees hefty demand

Finance

17 February, 2020

RBI's three-year repo auction sees hefty demand

The Reserve Bank of India (RBI)'s first-ever long-term repo operation (LTRO) saw massive demand on Monday with banks bidding...

Cerberus revises bid for Altico to beat off rival suitor SSG Capital

Finance

17 February, 2020

Cerberus revises bid for Altico to beat off rival suitor SSG Capital

US-based private equity group Cerberus Capital Management has revised its offer for shadow bank Altico Capital India, a senior...

Carlyle-backed SBI Cards, fabric processor get SEBI nod for IPO

Finance

17 February, 2020

Carlyle-backed SBI Cards, fabric processor get SEBI nod for IPO

SBI Cards and Payment Services Ltd, the credit-card issuing arm of the country’s top lender SBI, has received a green ......

Kapil Singhal steps up to take charge of recently cashed-up KKR credit arm

Finance

17 February, 2020

Kapil Singhal steps up to take charge of recently cashed-up KKR credit arm

Kapil Singhal, a managing director at KKR India Financial Services, the Indian non-banking arm of global alternative asset manager...

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