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Finance

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

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

Finance

07 June, 2019

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

There was plenty of action at the bankruptcy courts this week, with breakthroughs achieved in a couple of cases that ......

Sumitomo Mitsui looks for India investment targets in Asia growth push

Finance

07 June, 2019

Sumitomo Mitsui looks for India investment targets in Asia growth push

Sumitomo Mitsui Financial Group (SMFG) aims to expand its business in Asia and is looking at the Philippines, India and ......

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Fund Scan: How Samara Capital learnt to punch above its weight

Finance

07 June, 2019

Fund Scan: How Samara Capital learnt to punch above its weight

In September last year, Samara Capital sealed its most high-profile deal since starting out 12 years before. The mid-market private...

Advent International raises $17.5 bn for new private equity fund

Finance

06 June, 2019

Advent International raises $17.5 bn for new private equity fund

Advent International has raised $17.5 billion for its ninth global private equity fund, potentially increasing the amount it may...

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Future Lifestyle-backer L Catterton's new PE fund oversubscribed

Finance

06 June, 2019

Future Lifestyle-backer L Catterton's new PE fund oversubscribed

Singapore-headquartered L Catterton Asia, one of the largest consumer-focussed private equity firms globally, has exceeded the...

RBI cuts repo rate to 5.75%; changes policy stance to 'accommodative'

Economy

06 June, 2019

RBI cuts repo rate to 5.75%; changes policy stance to 'accommodative'

The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on ......

NBFC woes heighten as Jhunjhunwala-backed Dewan Housing misses bond payment

Finance

06 June, 2019

NBFC woes heighten as Jhunjhunwala-backed Dewan Housing misses bond payment

Shares of mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) fell as much as 18% on Thursday, their biggest intraday...

Rupee outlook worsens on trade war, growth risks

Finance

06 June, 2019

Rupee outlook worsens on trade war, growth risks

The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing ......

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IDBI Bank looks to speed up asset-sale plans in turnaround bid

Finance

04 June, 2019

IDBI Bank looks to speed up asset-sale plans in turnaround bid

IDBI Bank hopes to complete the sale of its mutual fund and insurance businesses as well as that divestment of ......

Manipal Group to acquire control of health insurance JV with Cigna as TTK exits

Finance

04 June, 2019

Manipal Group to acquire control of health insurance JV with Cigna as TTK exits

Months after entering the insurance sector by investing in Cigna TTK Health Insurance Co. Ltd, Ranjan Pai-led Manipal Education...

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