Banking & Finance

Tech-enabled logistics firm wins American investment Warburg Pincus’ Spring Canter Investment Ltd (SCIL) has received approval for acquiring Rivigo Services Private Limited pf Delhi through the subscription of compulsorily convertible preference shares. The approval is given under Section 31(1) of...

ADB loan to strengthen the distribution network The Meghalaya Power Distribution Sector Improvement Project will involve technological improvement to the distribution network and online meter reading to improve operational efficiencies under an Asian Development Bank loan of US$132.8 million signed...

Helping startups take their expansion plans off the whiteboard Visa, the world’s leader in digital payments, has announced an accelerator program for startups in India that are looking to expand their businesses into new markets for their successful solutions by...

Natrol to combine with Jarrow Formulas An affiliate of New Mountain Capital, LLC has completed the acquisition of Los Angeles-headquartered Natrol, a leading vitamin, minerals and supplements brand, focused on sleep, mood & stress and brain health. New Mountain intends...

Fedeli to promote advantage Ontario in Maharashtra, Karnataka and Madhya Pradesh. The Ontario government is launching a virtual mission to India in December to develop partnerships in strategic markets in India to build the foundation for recovery in the short-term...

Bengaluru expertise to support Abu Dhabi bank The Abu Dhabi Islamic Bank (ADIB) has taken on Bengaluru’s Verloop.io to launch ADIB Chat Banking, the UAE’s first Emirati language customer care chatbot with the unique ability to understand and respond to...

Das calls on FEDAI to play a critical role in the evolving market Foreign portfolio investment in Indian debt markets has been expanded within calibrated macro-prudential norms as limits under the Medium-Term Framework for investment by Foreign Portfolio Investors (FPIs)...

Initiative an instrumental stride in India's development trajectory UNDP and Invest India have launched the Sustainable Development Goal (SDG) Investor Map for India, laying out 18 Investment Opportunities Areas (IOAs) in six critical SDG enabling sectors, that can help India...

Expanding Talent Intelligence Platform Noida’s Eightfold AI will invest a significant amount from US$125 million raised from Series D funding round to hiring exceptional talent in India and expand its Talent Intelligence Platform, a single solution for managing the entire...

NIP targets to invest Rs.111 lakh crore over 5 years The Union Cabinet has approved the proposal for equity infusion by the Government of Rs.6,000 crores in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund (NIIF), comprising of...