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

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Germany's Nemetschek Group to float India-focused fund

Finance

17 July, 2024

Germany's Nemetschek Group to float India-focused fund

Germany-headquartered Nemetschek Group, which sells software solutions for architecture, engineering, construction, media and entertainment industries, is set to launch a ......

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Bottomline: mPokket has got figures to flaunt, but with slight uptick in bad loans

Finance

17 July, 2024

Bottomline: mPokket has got figures to flaunt, but with slight uptick in bad loans

Kolkata-based microlending app mPokket had seen its profit halve in the financial year ended March 2023, despite doubling of income. The ......

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Former Omidyar, TPG execs wind up VC firm as fundraising stalls

Finance

16 July, 2024

Former Omidyar, TPG execs wind up VC firm as fundraising stalls

A venture capital firm launched by former executives of Omidyar Network India and TPG Growth has winded up its operations ......

Sensex, Nifty post record closing highs for second day aided by IT stocks

Finance

16 July, 2024

Sensex, Nifty post record closing highs for second day aided by IT stocks

India's benchmark indexes notched record closing highs on Tuesday, buoyed by gains in heavyweight information technology stocks amid prospects of ......

Blume, IvyCap, Unilever Ventures bet on three startups

Consumer

16 July, 2024

Blume, IvyCap, Unilever Ventures bet on three startups

Ride-hailing platform Namma Yatri, skincare brand SkinInspired and healthcare-focused fintech startup Icanheal raised early-stage funding, the companies said on Tuesday. Namma ......

SEBI warns Paytm over old transactions with payments bank unit

Finance

16 July, 2024

SEBI warns Paytm over old transactions with payments bank unit

Paytm received an administrative warning from India's markets regulator for certain transactions with its banking unit in the fiscal year ......

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Bottomline: PremjiInvest-backed Mintifi shines in FY24 as profit, AUM jump

Finance

16 July, 2024

Bottomline: PremjiInvest-backed Mintifi shines in FY24 as profit, AUM jump

Supply-chain financing startup Mintifi recorded a surge in its profit for the year through March 2024 as it expanded its ......

LeapFrog leads $33.4 mn funding in education lender Auxilo

Finance

16 July, 2024

LeapFrog leads $33.4 mn funding in education lender Auxilo

Education-focused non-bank lender Auxilo Finserve is raising Rs 279 crore (around $33.4 million) in a fresh round of equity funding ......

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SEBI clears Northern Arc for IPO while putting SK Finance on hold

Finance

15 July, 2024

SEBI clears Northern Arc for IPO while putting SK Finance on hold

Non-banking financing company Northern Arc Capital, which counts Leapfrog, Eight Roads, 360 One among its investors, has received India’s capital ......

Temasek aims to invest up to $10 bn in India over three years

Finance

15 July, 2024

Temasek aims to invest up to $10 bn in India over three years

Singapore state investor Temasek plans to invest up to $10 billion in India over three years in sectors such as ......