MUMBAI: US investment firm Bain Capital has signed definitive agreements to acquire joint control in Kerala-based Manappuram Finance - India's second-largest gold loan company.Bain Capital will invest around Rs 4,385…
MUMBAI: The board of Tata Capital, which is preparing for an initial public offering (IPO), will meet on Tuesday to discuss a potential fund-raise through a rights issue. The Reserve…
NEW DELHI: HDB Financial Services, an HDFC Bank subsidiary, has submitted draft documentation to Sebi for raising Rs 12,500 crore through an IPO. The offering consists of Rs 2,500 crore…
MUMBAI: Elcid Investments, a little-known city-based NBFC with very high earnings per share, has become the most expensive stock in India overnight, ahead of Chennai-based tyre maker MRF. On Tuesday,…
NEW DELHI: Fair trade regulator CCI on Tuesday cleared JM Financial's proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is…
MUMBAI: Banks that have a large conglomerate structure will now have to consolidate similar activities under one entity, according to RBI's new draft circular for banks. RBI has also asked…
MUMBAI: ICRA has projected a slowdown in the growth of NBFC assets under management. The ratings agency has predicted an increase of 13-15% in AUM, down from 18% in FY24.…
NEW DELHI: Mahindra & Mahindra Financial Services on Tuesday said it has appointed Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024. In…