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Norwest scores benchmark returns from seven-year investment in private lender

Finance

04 February, 2021

Norwest scores benchmark returns from seven-year investment in private lender

Norwest Venture Partners has exited its nearly seven-year investment in a listed financial services firm with benchmark returns, a person ......

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WestBridge-backed Star Health lines up large funding round

Finance

07 January, 2021

WestBridge-backed Star Health lines up large funding round

Chennai-based Star Health and Allied Insurance Co. Ltd has firmed up plans for a large equity funding round that would ......

Grapevine: Multiples PE to exit Encube Ethicals, promoter may also sell 10% stake

General

05 January, 2021

Grapevine: Multiples PE to exit Encube Ethicals, promoter may also sell 10% stake

Mumbai-based private equity firm Multiples Alternate Asset Management is looking to sell its entire stake of about 10% in Encube ......

Sensex, Nifty end flat as investors book profits after sharp rally

Markets

15 December, 2020

Sensex, Nifty end flat as investors book profits after sharp rally

Indian shares ended flat on Tuesday, recovering from a bout of profit booking earlier in the session following a record-setting ......

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What RBI panel's report means for banking sector, top banks, NBFCs and SFBs

Finance

20 November, 2020

What RBI panel's report means for banking sector, top banks, NBFCs and SFBs

An internal panel of the Reserve Bank of India has suggested allowing large corporate houses to own significant stakes in ......

Grapevine: Kotak Mahindra Bank eyes IndusInd; Warburg looks to sell CleanMax stake

General

26 October, 2020

Grapevine: Kotak Mahindra Bank eyes IndusInd; Warburg looks to sell CleanMax stake

Private-sector lender Kotak Mahindra Bank is looking to buy smaller rival IndusInd Bank, media reports said. Kotak Mahindra chief Uday Kotak ......

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PE, M&A deals in financial services sector remain in the doldrums

Finance

13 October, 2020

PE, M&A deals in financial services sector remain in the doldrums

The number of private equity deals and mergers and acquisitions (M&As) in the banking, financial services and insurance (BFSI) sector ......

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How coronavirus pandemic led to shifts in delivering financial services digitally

Finance

25 September, 2020

How coronavirus pandemic led to shifts in delivering financial services digitally

The coronavirus pandemic has brought about a structural shift in the use of digital features in the banking, financial services ......

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Normalcy in 9-12 months if helicopter cash rains: Kotak's Gupta

Finance

25 September, 2020

Normalcy in 9-12 months if helicopter cash rains: Kotak's Gupta

The Indian economy will recover in nine to 12 months and the most important factor for revival will be raining ......

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Kotak PE scores a neat exit from decade-long manufacturing bet

Manufacturing

09 September, 2020

Kotak PE scores a neat exit from decade-long manufacturing bet

Kotak Private Equity, the alternative asset management arm of Kotak Mahindra Group, has sold its stake in an auto ancillary ......