Banking & Finance

Giving a flicker of hope to cash-starved Indian real estate, private equity funds have pumped in nearly US$3.8 billion between January to September period in 2019, up 19% on US$3.2 billion in the corresponding period a year ago.

Western Union has advanced its leadership in digital payment innovation enabling customers to move money or make payments in real-time in India, one of the world’s fastest growing economy.

India’s Mobikon will use US$12.5 million raised through Series B round led by Binny Bansal to establish a strong foothold in Australia and Indonesia.

The Competition Commission of India (CCI) has approved Jomei Investments Limited's (JIL) 4.15% acquisition of shares in Aditya Birla Capital Limited (ABCL).

The Governments India and State of Odisha have signed a US$165 million loan agreement with the World Bank to help smallholder farmers strengthen the resilience of their production systems as well as diversify and improve the marketing of their produce,...

The International Monetary Authority sees monetary policy stimulus, corporate income tax cuts and addressing of lingering weaknesses in the financial sector helping Indian economy rebound to 7% in the next fiscal year (2020).

The Cabinet has approved the proposal for revival of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) by infusing Rs.29,937 crore.

There is a rising risk of contagion in the Indian financial sector, said S&P Global Ratings in a cautious noted, adding that markets reflect this fragility.

India remains concern about the effectiveness of Project Preparation Facility (PPF) of the New Development Bank, Finance Minister Nirmala Sitharaman has told BRICS’ Finance Ministers and Central Bank Governors meetings in Washington.

Having helped 310 SME's raise Rs.3,300 crore, the Bombay Stock Exchange (BSE) MD and CEO Ashish Kumar Chauhan has noted the current state of funding for start-ups and MSMEs.