Banking & Finance

India mints startup unicorns, says Rakhecha India’s two-year old startup ecosystem enabler, Marwari Catalysts or MCats, aims to raise US$4 million at a valuation of US$25 million to foray into new markets, the Jodhpur company said in a statement on...

Banga sees US-India work on level playing field for Indian prosperity Finance & Corporate Affairs Minister Nirmala Sitharaman have discussed India’s opportunities for growth and investment pertaining to wide-ranging reforms which continues to position the country as an attractive destination...

Project focus on effectiveness of the health insurance programme The World Bank is providing US$32 million loan for the Mizoram Health Systems Strengthening Project to improve management capacity and quality of health services in the state, particularly for the benefit...

Kulshrestha calls for stable taxes and interest rates The market regulator needs to come out with newer products from time to time cater to the risk appetite of investors in the capital market, said V.S. Sundaresan, Executive Director, Securities and...

Mauritius, Singapore and Japan were main generators of investments India has attracted Foreign Direct Investment (FDI) of US$6.24 billion during April 2021, an increase of 38% from April 2020's US$4.53 billion. Measures taken by the Government to win foreign investments...

India to be cornerstone of future expansion in Asia Pacific Mountain View, California-headquartered CommerceIQ, the algorithmic platform that helps consumer brands win in e-commerce, said it will use the US$60 million Series C funding for international expansion and product research...

Bond portfolio rose, liquidity remained abundant The onset of Covid-19 resulted in windfall gains for public banks with trading profits on their bond portfolios rising sharply after the steep cut in policy rates by the Reserve Bank of India (RBI)...

Investment in Vini underscores KKR’s commitment to India’s innovative and dynamic companies KKR, a leading global investment firm, is buying a majority stake in Mumbai-based Vini Cosmetics for approximately US$625 million and will work on business growth plan of the...

Indian funds investment in insurance The Competition Commission of India (CCI) has approved on 18 June 2021 acquisition in Magma HDI General Insurance Company Limited by India Advantage Fund S4 I (IAF S4 I) and Dynamic India Fund S4 US...

Solution integrates with the bank's internal tool Standard Chartered Bank has announced the launch of an industry-first innovative digital SOFTEX solution in India, aimed at supporting clients in their software export processes that run through the Bank’s digital platform Straight2Bank....