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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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Former Investcorp executive floats own asset management firm

Finance

12 November, 2024

Former Investcorp executive floats own asset management firm

Mubadala-backed alternative investment firm Investcorp’s former top executive has rolled out an asset management firm that will deploy capital in ......

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Physis Capital shifts timeline for maiden VC fund's final close

Finance

12 November, 2024

Physis Capital shifts timeline for maiden VC fund's final close

Physis Capital, a venture capital firm set up by the founders of angel investment platform Inflection Point Ventures (IPV), is ......

SoftBank swings back to quarterly profit with $7.7 bn gain

Finance

12 November, 2024

SoftBank swings back to quarterly profit with $7.7 bn gain

Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as ......

RBI issues operational framework for reclassification of FPI to FDI

Finance

11 November, 2024

RBI issues operational framework for reclassification of FPI to FDI

India's central bank on Monday released an operational framework for reclassifying equity investments made by foreign portfolio investors (FPI) that ......

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Sunil Singhania's Abakkus raises maiden private equity fund

Finance

11 November, 2024

Sunil Singhania's Abakkus raises maiden private equity fund

Abakkus Asset Manager Pvt. Ltd, a Mumbai-based asset management firm founded and led by Sunil Singhania, has raised its first private ......

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Fairfax-backed IIFL Securities to hire 100 bankers as it rebrands to IIFL Capital

People

11 November, 2024

Fairfax-backed IIFL Securities to hire 100 bankers as it rebrands to IIFL Capital

Fairfax-backed IIFL Securities Ltd, which has rebranded itself as IIFL Capital Services Ltd, plans to hire about 100 bankers as ......

Ola Electric, Firstcry IPOs set to boost SoftBank profit

Finance

11 November, 2024

Ola Electric, Firstcry IPOs set to boost SoftBank profit

Japanese technology investor SoftBank Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted ......

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InCred's maiden PE fund backs BFSI firm after making two consumer bets

Finance

08 November, 2024

InCred's maiden PE fund backs BFSI firm after making two consumer bets

InCred Alternative Investments, part of the financial services group InCred, has bet on a company in the banking, financial services ......

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BOBCaps' Sanjiv Saraff on IPO market, M&A activity in BFSI space, and more

Finance

08 November, 2024

BOBCaps' Sanjiv Saraff on IPO market, M&A activity in BFSI space, and more

BOB Capital Markets Ltd (BOBCaps), the investment banking arm of state-run Bank of Baroda, has benefited from the fundraising boom ......

Most Gulf central banks follow Fed in cutting rates

Finance

08 November, 2024

Most Gulf central banks follow Fed in cutting rates

Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's decision ......