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Banks, NBFCs ask fintech firms to limit tiny personal loans amid RBI scrutiny

Finance

07 December, 2023

Banks, NBFCs ask fintech firms to limit tiny personal loans amid RBI scrutiny

Top Indian banks and non-bank lenders have asked their fintech partners to curtail issuing tiny personal loans, three banking and ......

PE/VC funds, promoters pull out over $12 bn as equity market rallies

Markets

01 December, 2023

PE/VC funds, promoters pull out over $12 bn as equity market rallies

Large shareholders in Indian firms have sold 1.03 trillion rupees ($12.36 billion) in shares so far this year, double that ......

Premium
Berkshire Hathaway signs off from India tech bet with a loss

TMT

24 November, 2023

Berkshire Hathaway signs off from India tech bet with a loss

Veteran American investor Warren Buffett’s Berkshire Hathaway, which that has made only a handful of deals in India, has signed ......

Premium
SoftBank logs another sub-par exit move in India

Infrastructure

17 November, 2023

SoftBank logs another sub-par exit move in India

Japanese technology investment giant SoftBank, which has been on a harvest spree in India having divested shares of Paytm, FirstCry, ......

India's weightage rises in MSCI Global index, to boost foreign inflows

Markets

15 November, 2023

India's weightage rises in MSCI Global index, to boost foreign inflows

Index provider MSCI raised India's weightage in its Global Standard (Emerging Markets) index to 16.3% from 15.9% on Tuesday, a ......

Paytm posts fourth straight operational profit on steady loan growth

Finance

20 October, 2023

Paytm posts fourth straight operational profit on steady loan growth

Indian digital payments firm Paytm posted an operating profit for the fourth straight quarter on Friday, helped by steady loan ......

RBI imposes $600,000 penalty on Paytm Payments Bank

Finance

12 October, 2023

RBI imposes $600,000 penalty on Paytm Payments Bank

India's central bank said on Thursday it has imposed a penalty of 53.9 million rupees ($647,762.58) on Paytm Payments Bank ......

Paytm's Sharma says open to increasing stake in payments firm

TMT

05 September, 2023

Paytm's Sharma says open to increasing stake in payments firm

Paytm founder Vijay Shekhar Sharma said on Monday he is open to increasing his stake in the Indian fintech firm ......

Ant Financial offloads more stake in Paytm for $247 mn

Finance

25 August, 2023

Ant Financial offloads more stake in Paytm for $247 mn

Chinese financial conglomerate Ant Financial on Friday offloaded a 3.6% stake in Indian fintech company Paytm for Rs 2,037 crore ......

Paytm's Sharma to acquire Ant Financial's 10.3% stake

TMT

07 August, 2023

Paytm's Sharma to acquire Ant Financial's 10.3% stake

Paytm Chairman Vijay Shekhar Sharma will buy a 10.3% stake worth $628 million in the firm he founded from an ......