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DMI Finance buys controlling stake in payment firm Appnit

Finance

DMI Finance buys controlling stake in payment firm Appnit

New Delhi-based non-bank lender DMI Finance has acquired a controlling stake in payment system ...

Japan's Sumitomo Mitsui Trust Bank, others invest $47 mn in DMI Finance

Finance

Japan's Sumitomo Mitsui Trust Bank, others invest $47 mn in DMI Finance

DMI Finance Private Limited has announced the closure of a $47 million (around Rs 347.5 crore) ...

Former SBI chairman, Alchemist ARC promoter booked in loan scam case

Finance

Former SBI chairman, Alchemist ARC promoter booked in loan scam case

Rajasthan’s Jaisalmer police have arrested ex-State Bank of India (SBI) chairman Pratip Chaudhuri ...

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DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Finance

DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Non-bank lender DMI Finance-backed Alchemist Asset Reconstruction Company (ARC) Pvt Ltd has planned ...

DMI Finance arm backs Chennai developer Vista Spaces

Infrastructure

DMI Finance arm backs Chennai developer Vista Spaces

DMI Alternatives, an arm of DMI Finance, has invested Rs 100 crore ($14 million at current exchange ...

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Auto component maker Flash Electronics plans IPO

Manufacturing

Auto component maker Flash Electronics plans IPO

Flash Electronics (India) Pvt. Ltd, an automobile component maker based in Pune, is looking to go ...

China's Fosun eyes Medall; Harsha Bhogle backs Chqbook, Happy raises $20 mn

General

China's Fosun eyes Medall; Harsha Bhogle backs Chqbook, Happy raises $20 mn

Chinese business conglomerate Fosun International is in discussions to buy Indian pathology and ...

PE firms, NBFCs submit bids for IFC-backed Aadhar Housing Finance: Report

Finance

PE firms, NBFCs submit bids for IFC-backed Aadhar Housing Finance: Report

Four parties have submitted bids to acquire a controlling stake in Aadhar Housing Finance, according...

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Essel Finance's realty fund head quits to join NBFC

People

Essel Finance's realty fund head quits to join NBFC

A top executive at Essel Finance has quit the firm to join non-banking financial company DMI Finance...