Federal Bank
Finance
True North tweaks exit plan from BFSI portfolio firm
True North, one of India’s oldest private equity firms that recently beat benchmark returns in a partial exit from a financial services portfolio company, ......
Finance
IFC lifting exposure to Indian bank to nearly $250 mn in one of its largest equity bets
International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, is increasing its exposure to an Indian bank to ......
Economy
U.S. stocks bounce, investors digest news of 2022 rate hikes
U.S. stocks bounced and Treasury yields retreated in choppy trade as investors absorbed remarks from the Federal Reserve that interest ......
TMT
True North to sell analytics company Actify Data Labs to global survey platform Voxco
True North, one of India’s oldest private equity (PE) firms, has signed a definitive agreement to sell its entire stake ......
Finance
Neobank Jupiter raises $86 mn from Tiger Global, Sequoia, others at $711 mn valuation
Neobanking platform Jupiter, owned and operated by Amica Financial Technologies Pvt Ltd, has raised $86 million as a part of ......
Finance
True North-backed nonbank lender Fedfina plans IPO
Fedbank Financial Services Ltd (Fedfina), a retail-focused non-bank lender set up by Federal Bank Ltd, is planning a public listing, ......
Finance
IFC, associate entities to invest Rs 916 crore in Federal Bank
World Bank investment arm International Finance Corporation (IFC) and two associate entities will invest Rs 916 crore ($124 million at ......
Finance
Federal Bank to invest in financial services unit via rights issue
Private sector lender Federal Bank on Tuesday said it would invest Rs 148 crore ($20.2 million) in its financial services ......
General
Grapevine: Adani, others bid for solar tender; IDBI Bank to complete stake sale in JV
The Adani Group has bid for the entire 6.4 gigawatt (GW) capacity aimed at powering the farms of Andhra Pradesh ......
Healthcare
Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal
Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former ......
