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Finance

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

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Grapevine: Jupiter may pick stake in SBM Bank; BluSmart in talks for funding

Consumer

08 October, 2024

Grapevine: Jupiter may pick stake in SBM Bank; BluSmart in talks for funding

Neobanking startup Jupiter is said to be pursuing talks to acquire a stake of up to 26% in SBM Bank ......

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Kedaara Capital ropes in former Wipro CEO to strengthen tech portfolio

Finance

08 October, 2024

Kedaara Capital ropes in former Wipro CEO to strengthen tech portfolio

Private equity firm Kedaara Capital has appointed former Wipro chief executive Abidali Neemuchwala as an independent operating advisor to advise ......

ADIA starts operations in India's GIFT City finance hub

Finance

08 October, 2024

ADIA starts operations in India's GIFT City finance hub

Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), has started operations in ......

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PE-backed Northern Arc sets sight on new performing credit fund's final close

Finance

07 October, 2024

PE-backed Northern Arc sets sight on new performing credit fund's final close

Newly listed non-banking finance company Northern Arc Capital, which counts investors like International Finance Corporation, Eight Roads, Affirma Capital, Accion, ......

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LC Nueva Investment launches second vehicle to back winners from first fund

Finance

07 October, 2024

LC Nueva Investment launches second vehicle to back winners from first fund

LC Nueva Investment Partners, a partnership between Singapore-based Lighthouse Canton and Delhi-based investment firm Nueva Capital, has launched its second ......

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Ascent Capital onboards new LP for $240 mn PE fund

Finance

07 October, 2024

Ascent Capital onboards new LP for $240 mn PE fund

Mid-market private equity firm Ascent Capital, which counts BigBasket, MyGlamm, Fresh2Home and Acko among its portfolio, has secured commitment from a new ......

Sensex, Nifty record longest losing streak this year so far

Economy

07 October, 2024

Sensex, Nifty record longest losing streak this year so far

Indian shares fell for the sixth straight session on Monday, their longest losing streak since October 2023, as worries over ......

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Bottomline: Warburg-owned Shriram Housing maintains profit, AUM growth trend in FY24

Finance

07 October, 2024

Bottomline: Warburg-owned Shriram Housing maintains profit, AUM growth trend in FY24

Mortgage lender Shriram Housing Finance Ltd, whose sale to private equity firm Warburg Pincus was announced in May, reported a 58% rise in its ......

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Scan Holdings FO's Juhi Agarwal on avoiding PE bets, how to pick investments and more

Finance

07 October, 2024

Scan Holdings FO's Juhi Agarwal on avoiding PE bets, how to pick investments and more

Delhi-based metal packaging firm Scan Holdings Pvt. Ltd’s family office, while focuses largely on public equities, may explore growth-focused private ......

Navi Finserv FY24 revenue falls on Chaitanya sale, operating profit slips on write-offs

Finance

04 October, 2024

Navi Finserv FY24 revenue falls on Chaitanya sale, operating profit slips on write-offs

Navi Finserv Ltd, the non-bank lender part of Flipkart co-founder Sachin Bansal’s Navi group, reported a drop in revenue and ......