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

Rupee slumps to record low, logs worst day in nearly 7 months as dollar bids spike

Finance

27 December, 2024

Rupee slumps to record low, logs worst day in nearly 7 months as dollar bids spike

The Indian rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, ......

Auto leads recovery in stock market after last week's slide

Finance

27 December, 2024

Auto leads recovery in stock market after last week's slide

Indian shares rose on Friday to log gains in a holiday-thinned week, led by auto stocks after last week's sharp ......

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Saudi multi-asset investor Jadwa gets cheque from local LP for PE fund

Finance

27 December, 2024

Saudi multi-asset investor Jadwa gets cheque from local LP for PE fund

Jadwa Investment, a Saudi Arabia-based investment firm that manages assets worth over $20 billion across different asset classes, has secured ......

Multiples PE-backed DAM Capital jumps on stock market debut

Finance

27 December, 2024

Multiples PE-backed DAM Capital jumps on stock market debut

Investment banking firm DAM Capital made a strong stock-exchange debut on Friday with its shares listing at a 39% premium ......

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Flashback 2024: How startup funding fared in MENA region

Finance

27 December, 2024

Flashback 2024: How startup funding fared in MENA region

The Middle East and North Africa (MENA) region recorded a further moderation in startup funding activity in 2024, in line ......

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Flashback 2024: These PE, VC firms raised the biggest funds this year

Finance

27 December, 2024

Flashback 2024: These PE, VC firms raised the biggest funds this year

Several general partners managed to raise new private equity and venture capital funds this year although high interest rates, slowing ......

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CityMall backer WaterBridge Ventures keen to list two portfolio companies

Finance

26 December, 2024

CityMall backer WaterBridge Ventures keen to list two portfolio companies

Homegrown venture capital firm WaterBridge Ventures, which has backed startups such as Unacademy, Bijnis and CityMall, is preparing to list ......

Govt considers cutting personal income tax to lift consumption

Finance

26 December, 2024

Govt considers cutting personal income tax to lift consumption

India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to ......

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Tano-backed stressed assets advisor targets $100 mn via two funds

Finance

26 December, 2024

Tano-backed stressed assets advisor targets $100 mn via two funds

A boutique stressed assets advisory firm, which is backed by Tano Capital, has launched two alternative investment funds (AIF), eyeing ......

Japan's SMFG infuses $350 mn into Indian NBFC arm

Finance

26 December, 2024

Japan's SMFG infuses $350 mn into Indian NBFC arm

Japan’s Sumitomo Mitsui Financial Group (SMFG) has invested an additional Rs 3,000 crore, or over $350 million, into SMFG India ......