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Holani Group Secures INR 184 Crore to Empower Small Businesses with New Fund

   Finance  |     

2024/06/12 15:53 pm

Holani Venture Capital Fund, an INR 300 crore SME-focused fund launched on April 27, 2024, at Jaipur and promoted by a renown...

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Nikhil Kamath Leads USD 20-Million Round in B2B Unicorn Infra.Market

   Finance  |     

2024/06/04 15:26 pm

Construction materials provider Infra.Market has sold a minority stake in its subsidiary RDC Concrete for USD 20 million (abo...

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RBI Launches PRAVAAH, RBI Retail Direct mobile App, FinTech Repository

   Finance  |     

2024/05/31 10:19 am

Reserve Bank of India (RBI) Governor Shaktikanta Das launched three major initiatives – the PRAVAAH portal, the retail ...

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Jio Financial Services Arm Plans INR 36K Crore Deal with Reliance Retail

   Finance  |     

2024/05/27 15:52 pm

Jio Financial Services Limited (JFSL) is seeking shareholder approval for its unit to acquire equipment worth INR 36,000 cror...

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SEBI Suggests Modifying Buyback and Merchant Banker Regulations

   Finance  |     

2024/05/24 17:59 pm

To facilitate ease of doing business, capital markets regulator Sebi proposed tweaking norms governing the buyback of shares,...

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RBI Declares a Record Dividend to Government for FY24 of INR 2.11 Lakh Crore

   Finance  |     

2024/05/23 17:20 pm

The Reserve Bank approved an INR 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the ...

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Fraud Concerns Raise Red Flags for India’s Booming SME IPOs

   Finance  |     

2024/05/16 16:51 pm

A string of accounting frauds unearthed by India’s securities regulator this month poses another risk to the blistering rally in shares of tiny businesses.

Varanium Cloud Ltd. and A...

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Zomato Reports INR 175 Crore Profit for Q4 FY24

   Finance  |     

2024/05/14 18:28 pm

Online food delivery firm Zomato Ltd reported a consolidated net profit of INR 175 crore in the March quarter on the back of ...

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Zomato Surrenders Payment Aggregator and Wallet License to RBI

   Finance  |     

2024/05/14 17:11 pm

Foodtech major Zomato wrote down INR 39 crore investment in its fintech subsidiary Zomato Payment Private Limited (ZPPL) duri...

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IIFL Finance Facing a Liquidity Crunch After Gold Loan Business Curbs

   Finance  |     

2024/05/07 12:14 pm

IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-...

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Mahindra Finance Reports 10% Decline in Profit in FY2023-24

   Finance  |     

2024/05/07 10:49 am

Mahindra & Mahindra Financial Services has reported a 10% decline in standalone profit and tax to INR 619 crore for the J...

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Ugro Capital Acquires MyShubhLife for INR 45 Crore

   Finance  |     

2024/05/04 13:02 pm

Non-banking company Ugro Capital’s board has approved the acquisition of financial services platform MyShubhLife for an...

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PB Fintech Plans UAE Expansion; to Sell Stake in Two of Its Subsidiaries

   Finance  |     

2024/05/02 17:34 pm

The parent company of Policybazaar.com, PB Fintech, has received board approval to sell stakes in at least two of its subsidi...

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Stride Ventures Closes Third Fund at USD 165 Million; Plans to Invest in Indian Startups

   Finance  |     

2024/05/02 16:54 pm

Venture debt firm Stride Ventures has raised USD 165 million (about INR 1,380 crore) for its Fund III, which it plans to inve...

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BRISKPE Raises USD 5 Million Seed Round Funding from PayU

   Finance  |     

2024/05/01 11:46 am

Cross-border payments platform, BRISKPE, has raised USD 5 million in a seed round from PayU, the payments and fintech business of Prosus. BRISKPE will use the funding t...

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RBI Meets Banks & Fintechs to Popularise CBDC Among Customers

   Finance  |     

2024/04/23 15:41 pm

The Reserve Bank of India has met with a few bankers and fintech executives to understand how they can ensure consumer interest in adopting the central bank digital currency (CBDC), according to a ...

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HDFC Bank reports a Net profit of INR 16,511 Crore in Q4

   Finance  |     

2024/04/22 17:16 pm

Mumbai: HDFC Bank on April 20 reported a net profit of INR 16,511 crore for the January-March quarter of the financial year 2023-24, marking a 0.84% jump compared to IN...

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IMF Raises India’s Growth Forecast for 2024-25 to 6.8%

   Finance  |     

2024/04/18 13:15 pm

The International Monetary Fund (IMF) has raised India's growth forecast for 2024-25 to 6.8% from 6.5% on the back of str...

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HDFC Bank’s Gross Advances up 1.6%, Deposits Rise 26% in Q4

   Finance  |     

2024/04/05 11:39 am

HDFC Bank said its gross advances at the end of the March quarter rose 1.6% to INR 25.08 trillion (USD 300.44 billion) from t...

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Indian Companies’ Credit Quality Remains Positive in H2 FY25: CRISIL Ratings

   Finance  |     

2024/04/01 18:09 pm

New Delhi: Crisil Ratings said the credit quality outlook for Indian corporates remains positive for the April-September peri...

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Venture-Capital Firm Accel Announces 8 Startups for India under Atoms 3.0

   Finance  |     

2024/03/28 17:07 pm

Bengaluru: Read...

Pocket FM Raises USD 103 Million Funding from Lightspeed, Others

   Finance  |     

2024/03/21 15:58 pm

Audio entertainment platform Pocket FM has raised USD 103 million (abo...

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Six Small and Medium Enterprises (SMEs) Gears Up for IPO This Month

   Finance  |     

2024/03/12 12:40 pm

The first company to begin bids on this day is Pratham EPC Projects IPO, which is involved in offering end-t...

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Gopal Snacks Ltd. set to redefine the Snacking Industry with its successful IPO

   Finance  |     

2024/03/12 12:38 pm

Gopal Snacks IPO subscribed 9 times on the final day of the offer. The initial share sale received bids for 10,81,08,746 shar...

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Startup for battery tech Lohum raises $14.5 Mn through Series B

   Finance  |     

2024/03/12 12:33 pm

Startup for battery tech Lohum raises $14.5 Mn through Series B
Lohum Cleantech, a producer of renewable energy materials by recycling batteries and repurposing, has raised 119 crore (approx...

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Securitization of loans originated by small finance banks to cross Rs. 10,000 crore in FY2024

   Finance  |     

2024/03/06 19:21 pm

​​​​​​​ICRA expects the number of funds raised through securitization by the small finance banks (SFBs) to exce...

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Higher interest rate increases repayment amount, limits refinancing options for SME borrowers with loans against property: Moody's

   Finance  |     

2024/03/06 14:02 pm

With rising funding cost, the NBFCs have increased interest rates for loans against property (LAP) to small and medium-size enterprise (SME) borrowers, which ...

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