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1 min read

Cyrus Poonawalla’s wealth grows as his health empire remains unlisted

All top 10 billionaires of India in Hurun Rich List saw decline in money except Cyrus Poonwalla

Bhakti Makwana   


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2 mins read

TPG to acquire Adar Poonawalla-led group’s housing finance arm at ₹3,900 crore valuation

US-based private equity major TPG has agreed to acquire the housing finance arm of Adar Poonawalla-…

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2 mins read

NBFCs' asset base scales past Rs 54 lakh crore: MoS Finance

The asset base of non-banking financial companies has scaled past Rs 54 lakh crore as of March 2022…

PTI   


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2 mins read

Overseas bond issuances may fall this year on elevated borrowing cost say experts

Fund raising through overseas bonds is likely to fall in the current financial year due to elevated…

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2 mins read

Banks aggressively garnering funds via CDs, FDs amid firm credit off take

The rising demand for credit in last couple of days has prompted banks to garner funds aggressively…

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1 min read

Trident, Adani Enterprises, Angel One and Happiest Minds among top performing stocks of 2021

Although the last couple of weeks have been tough for equity markets in India and across the world,…

Bhakti Makwana   


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1 min read

International Finance Corporation proposes to invest $100 million in Hero Fincorp's secured debt

According to IFC, the proposed investment will enable Hero Fincorp to expand is loan book acro…

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1 min read

Magma Fincorp to raise up to ₹3,000 crore through debt securities in FY22

The issuance of securities of up to ₹3,000 crore will be done in one or more series or tranche…

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1 min read

Google-backed Aye Finance brings on board former Hero Fincorp Chief Business Officer

Aye Finance, the lending startup for micro, small and medium enterprises, has roped in former Hero …

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1 min read

Muthoot Fincorp raises Rs 125 crore via bonds

"While covered bond market has a considerable size of around Euro 2.6 trillion globally, it is stil…

PTI   


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1 min read

CCI approves acquisition of addl equity shares in Hero FinCorp by Otter, Link Investment Trust

As per a joint notice filed with CCI, Hero FinCorp, Otter, Link and certain other subscribers enter…

PTI   


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Muthoot Fincorp looks to raise up to Rs 480 cr via bond issue opening Thursday

New Delhi, Jan 8 () Muthoot Fincorp said it will raise up to Rs 480 crore through a public issue of…

PTI   


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1 min read

India's ChrysCapital raises $600 million from several investors

LPs are institutions, family offices and individuals who participate as investors in funds. Accordi…

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Gold holdings of 3 Kerala companies stand at over 263 tonnes. This is more than Australia's gold reserves

The gold holdings of these three gold loan companies in Kerala grew from 195 tonnes two years ago t…

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3 mins read

Financing the Bottom of the Pyramid

Muthoot drew inspiration from C.K. Prahlad's book, “The Fortune at the Bottom of the Pyramid,” whic…

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1 min read

Shares of Nucleus Software Ltd. surged in today's trade

​Nucleus Software Ltd., a mid-sized provider of financial software, surged in Wednesday's trade aft…

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3 mins read

India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share, notes recent PwC report

Indian households are estimated to possess approximately 25,000 tonnes of gold, valued at around Rs…

ANI   


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1 min read

Muthoot Microfin IPO subscribed 82% on first day of offer

The initial public offer of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan grou…

PTI   


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4 mins read

Two promoter exits - shakeout in housing finance sector?

With the promoters of two housing finance companies exiting the business, is there a shake out happ…

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1 min read

Hero MotoCorp announces financial support to dealers amid lockdown

New Delhi, Apr 23 () The country's largest two wheeler maker Hero MotoCorp has come up with a finan…

PTI