Search result for 'assets under management'

ASK Asset Gets Sebi Nod for Mutual Fund Biz

March 28, 2025 14:52

Blackstone-backed ASK Asset & Wealth Management receives in-principle approval from Sebi to launch its mutual fund business in India. The move will expand its investment solutions offerings.

IFC Invests in Alteria Capital's SME Credit Scheme

March 27, 2025 17:54

IFC joins Alteria Capital as an anchor investor in its Shorter Duration Scheme, aiming to address short-term financing needs of Indian start-ups and drive economic growth.

Sebi Doubles FPI Investment Threshold to Rs 50,000 Cr

March 24, 2025 18:12

Sebi has doubled the investment threshold for granular disclosures by foreign portfolio investors (FPIs) to Rs 50,000 crore, effective immediately.

Shriram Finance Aims to Dominate Gold Loan Market

March 18, 2025 18:55

Shriram Finance Ltd is looking to expand its gold loan business, aiming to capture a larger share of the growing market. The company plans to introduce gold loans in more branches and streamline...

Torrent Group Acquires Gujarat Titans IPL Franchise

March 17, 2025 18:59

Torrent Group completes acquisition of a majority stake in IPL franchise Gujarat Titans, marking its entry into the Indian sports sector. The deal includes CVC retaining a minority stake.

Carnelian Asset Management Targets USD 2 Billion AUM by FY'26

March 16, 2025 13:18

Carnelian Asset Management aims to reach USD 2 billion in assets under management by March 2026, despite current market conditions. The firm plans to expand its presence in seven new cities and...

Blackstone to Invest in Indian Infra, Sees Strong Growth Potential

March 12, 2025 18:36

Blackstone chairman Stephen Schwarzman says India is well-placed to tackle US tariffs and will start infra investing and credit businesses in the country. The firm sees strong long-term growth...

Equity Mutual Fund Inflow Drops 26% in February

March 12, 2025 13:20

Equity mutual fund inflows declined 26% to Rs 29,303 crore in February, primarily due to reduced investments in small and midcap schemes amid market volatility. This marks the second consecutive...

The Wealth Company Targets Rs 10,000 Cr AUM Growth

March 6, 2025 19:20

The Wealth Company, formerly Pantomath Capital Management, aims to raise Rs 10,000 crore in assets under management over the next year, with a focus on expanding its presence in Tamil Nadu.

SaralSCF Aims to Double Outreach to Women Entrepreneurs by 2025

March 6, 2025 17:32

SaralSCF, a lending platform focused on SMEs, plans to double its outreach to women entrepreneurs by 2025, aiming to provide flexible funding solutions for their growth.

Indian Diaspora Funds in GIFT City Cross USD 7 Billion

March 4, 2025 19:06

Investments by the Indian diaspora in GIFT City-based funds have crossed USD 7 billion, according to IFSCA. The regulator highlights the potential for NRI investments in India's financial hub.

Naina Lal Kidwai Joins Lightspeed as Venture Advisor

February 28, 2025 17:54

Veteran banker Naina Lal Kidwai joins Lightspeed as a venture advisor, bringing her expertise to guide the firm's strategy and support portfolio companies. Learn more about her role and...

Sebi Sets Rules for Specialized Investment Funds (SIFs)

February 27, 2025 19:56

Sebi introduces a new regulatory framework for Specialized Investment Funds (SIFs) requiring a minimum investment of Rs 10 lakh. Learn about the eligibility criteria, investment restrictions, and...

Microfinance Disbursements Decline 35.8% in Q3: MFIN

February 26, 2025 14:17

Microfinance loan disbursements fell by 35.8% in the third quarter of the current fiscal year, according to MFIN, with assets under management also declining slightly. Read more.

Moneyboxx Finance AUM Rises 56% to Rs 837 Cr

February 24, 2025 16:44

Moneyboxx Finance reports 56% AUM growth to Rs 837 crore, driven by branch expansion and secured lending. The company also strengthened its capital position with an equity raise.

Credifin Expands to Maharashtra, Chhattisgarh, Madhya Pradesh

February 24, 2025 16:07

Credifin, a non-banking financial company, is expanding operations in Maharashtra, Chhattisgarh, and Madhya Pradesh, and hiring over 300 employees. The expansion aims to boost the company's...

Amfi Launches Initiatives to Boost MF Accessibility & Financial Literacy

February 22, 2025 16:38

Amfi introduces new initiatives like SIP for smaller investments, Tarun Yojana for young investors, and MITRA to recover forgotten investments, aiming to democratize mutual fund investing and...

Sebi Bans Two Portfolio Managers for Net Worth Breach

February 17, 2025 21:19

Sebi barred Scient Capital and DGS Capital Management from onboarding new clients after they failed to maintain the minimum net worth of Rs 5 crore as mandated under the portfolio managers rules.

Choice Broking Acquires Arete Capital, AUM Hits Rs 6K cr

February 17, 2025 19:45

Choice Broking has acquired wealth management firm Arete Capital Services, expanding its AUM to Rs 6,241 crore. The acquisition strengthens Choice Broking's position in the wealth management and...

Value Funds Attract Rs 1,556 Cr Inflow: Outlook Optimistic

February 13, 2025 12:22

Value mutual funds saw Rs 1,556 cr inflow in January, indicating investor confidence in undervalued stocks. Experts predict continued optimism in 2025, fueled by strong sectors like metals, real...

Equity Mutual Funds See Rs 39,688 Cr Inflow in Jan | Amfi Data

February 12, 2025 13:49

Equity mutual funds witnessed a net inflow of Rs 39,688 crore in January, driven by small and midcap schemes, despite market volatility. This marks the 47th consecutive month of net inflows in the...

REITs Distribution Rises 17% to Rs 1,505 Cr in Q3

February 10, 2025 15:50

Four listed REITs in India distributed a total of Rs 1,505 crore to unitholders in Q3, a 17% increase from the previous year, driven by portfolio expansion and rent appreciation.

LIC Q3 Profit Jumps 17% to Rs 11,056 Crore

February 7, 2025 19:39

LIC's net profit surged by 17% to Rs 11,056 crore in Q3 FY25, driven by a reduction in expense ratio. The insurer also saw growth in AUM and solvency ratio.

Godrej Capital AUM to Double to Rs 30,000 cr by 2026

February 7, 2025 15:54

Godrej Capital, the financial services arm of Godrej Industries, aims to double its assets under management to Rs 30,000 crore by March 2026. The company has seen strong growth in Tamil Nadu and...

M''M Q3 Profit Jumps 20% to Rs 3,181 Crore

February 7, 2025 14:30

Mahindra ''Mahindra Ltd's Q3 profit surged 20% to Rs 3,181 crore, driven by strong performance in auto and farm sectors. Revenue also grew by 17% to Rs 41,470 crore.

Aadhar Housing Finance Q3 Profit Up 17% to Rs 239 Cr

February 6, 2025 19:02

Aadhar Housing Finance reports a 17% rise in Q3 net profit to Rs 239 crore, driven by strong interest income and AUM growth. Total income also increased.

Shriram Life Posts 49% Rise in Retail New Business

February 6, 2025 18:49

Shriram Life Insurance Company Ltd reported a 49% increase in retail new business for the April-December 2024 period, reaching Rs 865 crore, the company said on Thursday.

NPS Vatsalya Tax Exemption: Contribution Up to Rs 50,000

February 1, 2025 20:44

India's Finance Minister announced a tax exemption of up to Rs 50,000 for NPS Vatsalya contributions, boosting the scheme's attractiveness for parents and guardians. Learn more about NPS Vatsalya...

India Capital Market Sees Surge in Investors: Economic Survey

January 31, 2025 15:46

India's capital market witnessed a significant rise in investor participation, driven by healthy corporate earnings and stable macro fundamentals, according to the Economic Survey. The number of...

Value Mutual Funds Attract Rs 22,757 Cr in 2024: Strong Returns Drive Inflows

January 30, 2025 14:31

Value mutual funds saw robust investor interest in 2024, attracting Rs 22,757 crore in inflows, driven by strong returns and a shift towards undervalued stocks. Experts predict continued growth in...

Bajaj Finance Shares Surge 6% on Strong Q3 Earnings

January 30, 2025 11:21

Bajaj Finance shares soared over 6% on Thursday after the company reported an 18% jump in net profit for the December quarter, reaching Rs 4,308 crore. The stock hit a 52-week high, driven by...

Bajaj Finance Q3 Profit Jumps 18% to Rs 4,308 Cr

January 29, 2025 20:06

Bajaj Finance reported a strong Q3 FY25 with an 18% rise in net profit to Rs 4,308 crore. Total income surged, and assets under management saw a significant increase. Learn more about Bajaj...

Aditya Birla Housing Finance Raises Rs 830 cr from IFC

January 29, 2025 18:29

Aditya Birla Housing Finance Limited (ABHFL) secures Rs 830 crore from IFC through Non-Convertible Debentures (NCDs) to support affordable housing and MSMEs, particularly women-led enterprises.

MAS Financial Profit Up 25% in Q3, Shares Surge

January 29, 2025 16:09

MAS Financial Services reported a 25% rise in profit for the October-December quarter, driven by strong growth in MSME lending. Shares rose over 8% on the news.

Mahindra Finance Q3 Profit Jumps 63% to Rs 899 Cr

January 28, 2025 20:27

Mahindra Finance reports a strong Q3 performance with a 63% rise in profit to Rs 899 crore, driven by festive season demand and robust asset growth.

Sundaram Home Finance Q3 Net Profit at Rs 62.55 Cr

January 28, 2025 17:38

Sundaram Home Finance reported a net profit of Rs 62.55 crore for the October-December 2024 quarter, with disbursements increasing by 35% to Rs 1,692 crore.

TVS Credit Q3 PAT Jumps 40% to Rs 240 cr

January 28, 2025 13:43

TVS Credit Services Ltd reported a 40% rise in profit after tax for Q3 FY25, driven by strong growth in consumer loans and vehicle financing. Total income also saw a 12% increase.

Aditya Birla Sun Life AMC Stock Plunges 9% After Q3 Earnings

January 28, 2025 12:32

Aditya Birla Sun Life AMC stock fell nearly 9% on Tuesday after its Q3 earnings disappointed investors, despite a 7% increase in PAT and a 30% surge in revenue. The company's AUM reached Rs 3.84...

Aditya Birla Sun Life AMC Profit Rises 7% in Dec Quarter

January 27, 2025 20:38

Aditya Birla Sun Life AMC reported a 7% increase in profit after tax to Rs 224.5 crore in the December quarter, driven by a 30% surge in revenue. The company's AUM reached Rs 3.84 lakh crore,...

Piramal Enterprises Q3 Profit: Rs 39 cr, RBI Approves Name Change

January 27, 2025 18:03

Piramal Enterprises reported a net profit of Rs 39 crore in Q3, a turnaround from last year's loss. RBI has approved the name change of Piramal Capital & Housing Finance to Piramal Finance, paving...

FPIs Pull Out Rs 64,000 Cr From Indian Equities in Jan

January 26, 2025 10:45

Foreign Portfolio Investors (FPIs) withdrew Rs 64,156 crore from Indian equities in January due to rupee depreciation, US bond yield rise, and tepid earnings expectations.

LIC Mutual Fund Launches Multi-Asset Allocation Fund

January 24, 2025 20:51

LIC Mutual Fund introduces a new open-ended Multi Asset Allocation Fund that invests in equity, debt, and gold for long-term capital appreciation. The fund offers a balanced approach to investment...

NAM India Q3 Profit Rises 4% to Rs 295 cr | Business News

January 23, 2025 18:54

Nippon Life India Asset Management (NAM India) reported a 4% increase in profit after tax to Rs 295.4 crore for the quarter ended December 2024. Revenue also saw a significant rise.

Go Digit Q3 Net Profit Soars 3-fold to Rs 119 Crore

January 22, 2025 22:12

Go Digit's net profit for Q3 FY25 surged by almost 300% to Rs 119 crore, driven by strong premium growth. Learn more about the company's financial performance.

Sebi Proposes 'Sachetisation' of Mutual Funds for Financial Inclusion

January 22, 2025 18:58

SEBI proposes a 'sachetization' scheme for mutual funds, enabling small-ticket SIPs of Rs 250 to increase financial inclusion and reach low-income groups. The regulator seeks public comments on the...

ICICI Pru Life Stock Plunges 9% After Earnings

January 22, 2025 11:13

ICICI Prudential Life Insurance shares fell 9% on Wednesday after its Q3 earnings disappointed investors. The company reported a 43% surge in net profit to Rs 326 crore, but investors were...

Polycab Promoter Invests Rs 20 Cr in Telawne Power Equipments

January 21, 2025 20:24

Polycab India promoter Ramesh Jaisinghani invests Rs 20 crore in transformer solutions entity Telawne Power Equipments through his family office Vyom and Mastermind JPIN.

ICICI Pru Life Q3 Profit Surges 43% to Rs 326 Crore

January 21, 2025 20:00

ICICI Prudential Life Insurance reported a 43% jump in net profit to Rs 326 crore for the third quarter ended December 2024, driven by strong premium income and asset growth.

Wealth Management AUM to Double to USD 2.3 Trillion by FY29: Report

January 21, 2025 14:45

India's wealth management industry is projected to experience rapid growth, with AUM expected to double to USD 2.3 trillion by FY29, driven by rising affluence and shifting investment preferences....

SBI Life Q3 Profit Surges 71% to Rs 551 Crore

January 17, 2025 16:25

SBI Life Insurance reported a 71% jump in net profit to Rs 551 crore for the third quarter ended December, driven by higher new and renewal premiums. Learn more.

Sebi Proposes Raising Threshold for FPI Disclosures to Rs 50,000 cr

January 10, 2025 20:15

Sebi proposes to double the threshold for foreign portfolio investors (FPIs) to Rs 50,000 crore for granular disclosures on investor holdings, aimed at preventing round-tripping and ensuring market...

HDFC Securities AUM Crosses Rs 25,000 Crore

January 9, 2025 21:16

HDFC Securities's mutual fund AUM surpasses Rs 25,000 crore, driven by strong SIP growth. The milestone reflects the company's commitment to customer financial goals.

Equity MF Inflows Surge 14% in Dec, Small & Mid-Cap Funds Hit Record Highs

January 9, 2025 14:57

Mutual fund equity schemes saw a 14% increase in inflows in December, reaching Rs 41,156 crore, despite market volatility. Small and mid-cap funds continue to attract record investments, while SIPs...

hBits Raises Rs 40 Cr for Fractional Ownership Platform

January 8, 2025 17:08

hBits, a fractional ownership platform for commercial real estate, raises Rs 40 crore from investors to expand its reach and enhance its AI-driven technology.

Carlyle Acquires 68.9% Stake in Roop Automotives: CCI Approval

January 7, 2025 20:22

US-based investment firm Carlyle gets CCI approval to acquire a 68.9% stake in Indian auto component manufacturer Roop Automotives Ltd. The deal involves inter-connected steps including securities...

Bank Profits to Moderate in FY26 as Bad Assets Rise: Ind-Ra

January 7, 2025 16:45

Indian bank profitability is expected to moderate in FY26 due to rising bad assets, according to India Ratings and Research. Unsecured retail loans are a key concern, but overall impact is...

Sebi Launches MF Lite Framework for Passive Funds

December 31, 2024 20:40

Sebi introduces MF Lite framework to simplify compliance for passive fund schemes, promoting innovation and investment diversification in the mutual fund industry.

NaBFID Invests Rs 745 Crore in NDR InvIT Bonds

December 31, 2024 18:03

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT, accelerating the company's growth plans in India's warehousing and industrial parks sector. The investment comes amid soaring...

Sumitomo Mitsui Infuses Rs 3,000 Cr in SMFG India Credit

December 26, 2024 15:39

Sumitomo Mitsui Financial Group (SMFG) has infused Rs 3,000 crore in SMFG India Credit Co Ltd (SMICC) via a rights issue to expand business. This investment also includes Rs 300 crore for SMFG...

Mutual Fund Industry Booms: Assets Surge Rs 17 Lakh Cr in 2024

December 24, 2024 13:07

India's mutual fund industry experienced a record-breaking 2024 with assets under management (AUM) soaring to Rs 68 lakh crore, fueled by strong equity markets, robust economic growth, and...

NPS Intermediaries Association Launched to Boost Subscriber Welfare

December 21, 2024 16:56

Association of NPS Intermediaries launched to promote collaboration, strengthen subscriber welfare and expand pension coverage in India.

Mirae Asset AUM Crosses Rs 2 Lakh Crore | India Investment News

December 20, 2024 17:48

Mirae Asset Investment Managers' AUM in India surpasses Rs 2 lakh crore, driven by strong growth in recent years. The fund house's AUM has grown at a CAGR of 54% over the past five years.

Laxmi India Finance Files IPO Papers with Sebi

December 19, 2024 15:15

Laxmi India Finance, an NBFC, has filed draft papers with Sebi for an IPO to raise funds. The IPO includes a fresh issue of shares and an offer for sale by promoters. The proceeds will be used to...

Road InvIT AUM to Reach Rs 3.2 Lakh Crore by 2026

December 19, 2024 15:09

Road InvIT AUM is projected to grow 68% to Rs 3.2 lakh crore by March 2026, driven by expansion and new InvITs, according to Crisil Ratings.

Welspun One to Raise Rs 4,000 Crore for Logistics Expansion

December 18, 2024 18:20

Welspun One, a logistics and industrial real estate platform, plans to raise Rs 4,000 crore to expand its portfolio to 32 million sq ft by 2028. The company aims to attract global investors and...

AIFs for Job Creation: UK Sinha's Insights

December 17, 2024 19:05

Former Sebi chairman UK Sinha highlights the crucial role of alternative investment funds (AIFs) in promoting job creation and fostering entrepreneurship in India.

Aye Finance Files Rs 1,450 Cr IPO - Sebi

December 17, 2024 15:14

Aye Finance, an NBFC, files draft papers with Sebi for a Rs 1,450 crore IPO. The IPO includes a fresh issue and an Offer for Sale (OFS) by existing shareholders. The company provides loans to MSMEs...

Satin Creditcare Focuses on Risk Management for Growth

December 15, 2024 11:17

Satin Creditcare Network Ltd (SCNL) is prioritizing innovative risk management and efficient collection mechanisms to drive growth amid industry challenges. The company's Chairman discusses...

LIC MF Eyes IPO After ₹1 Lakh Crore AUM

December 13, 2024 19:54

LIC Mutual Fund targets ₹1 lakh crore AUM by FY'26, after which it may consider an IPO. The fund house is aggressively expanding its reach and retail participation to achieve this goal.

Equirus Wealth Hits Rs 10,000 Crore AUM, Targets Rs 50,000 Crore by 2028

December 11, 2024 14:05

Equirus Wealth has crossed Rs 10,000 crore in AUM in just 18 months and aims to reach Rs 50,000 crore by 2028. The firm offers diverse investment solutions for HNIs and Ultra HNIs.

Blackstone Acquires Stakes in Bagmane Group: CCI Approval

December 10, 2024 22:20

CCI approves Blackstone's acquisition of stakes in Bagmane Developers and Bagmane Rio, marking a significant move in the Indian real estate sector.

Shubham Housing Raises Rs 1,000 Cr Led by Multiples

December 10, 2024 20:14

Shubham Housing Development Finance secures Rs 1,000 crore funding led by Multiples Private Equity, with participation from ADB and BII. The funds will be used to expand operations and product...

Equity MF Inflow Drops 14% in Nov: AMFI Data

December 10, 2024 13:27

Equity mutual funds saw a 14% decline in inflows to Rs 35,943 crore in November, driven by market volatility. Despite the drop, the industry recorded its 45th consecutive month of net inflows.

Aadhar Housing Finance Expands in Rajasthan with 5 New Branches

December 9, 2024 19:39

Aadhar Housing Finance opens 5 new branches in Rajasthan, expanding its reach to 54 branches in the state and 560 across India. The company provides affordable home loans to low-income groups and...

Dezerv AUM Surpasses Rs 10,000 Cr, Targets Rs 25,000 Cr by 2025

December 9, 2024 15:14

Dezerv, a tech-led wealth management firm, has crossed Rs 10,000 crore in AUM and aims to reach Rs 25,000 crore by December 2025. The company attributes its growth to active strategies and...

SMFG India Secures €91 Million Loan from Deutsche Bank

December 9, 2024 13:11

Deutsche Bank has provided a €91 million loan to SMFG India Credit for onlending to small businesses and women borrowers in underserved areas. The sustainability-linked loan promotes financial...

Aadhar Housing Finance AUM to Exceed Rs 25,000 Cr by March 2025

December 8, 2024 17:00

Aadhar Housing Finance, catering to the affordable housing segment, expects its AUM to cross Rs 25,000 crore by March 2025, driven by strong growth and expansion.

NBFC-MFIs Asset Growth to Moderate in FY25: Icra

December 5, 2024 19:41

NBFC-MFIs asset growth is expected to moderate to 5% in FY25 due to stricter lending norms, according to Icra. The report highlights challenges from borrower over-leveraging, socio-political...

Star Agriwarehousing IPO: Rs 450 cr Fresh Issue | Sebi Filing

December 5, 2024 13:32

Star Agriwarehousing files IPO papers with Sebi to raise Rs 450 crore via fresh issue and OFS. The company provides tech-driven agricultural services and is the largest in terms of revenue in the...

NBFCs to Slow Asset Growth to 15% in FY25-26: Crisil

December 2, 2024 15:30

RBI regulations and asset quality concerns will limit NBFC asset growth to 15-17% in FY25-26, according to Crisil. This follows a 23% growth in FY24. Unsecured loans and microfinance segments are...

Alt Mobility Secures USD 10 Mn in Series A Funding

November 27, 2024 08:03

Alt Mobility, a commercial EV leasing and asset management firm, raised USD 10 million in Series A funding led by Eurazeo. The investment will fuel growth, expand its digital platform and...

Silver ETF AUM Surges to Rs 12,331cr in Oct 2024

November 22, 2024 14:54

Silver ETFs saw a four-fold rise in AUM to Rs 12,331cr in October 2024, driven by investor interest in silver as a hedge against inflation and geopolitical uncertainty.

SLCM & Bank of Baroda Partner for Agri Financing

November 20, 2024 11:29

SLCM and Bank of Baroda team up to offer collateral management services for agricultural financing, enabling farmers to access credit through Bank of Baroda's network.

Fine Acers Targets Rs 5,000 Crore AUM by 2026-27

November 17, 2024 15:34

Fine Acers, a luxury resort investment firm, aims to reach Rs 5,000 crore in assets under management by 2026-27. The company has signed deals with Wyndham Hotels and Resorts and the Rajasthan...

Sarvagram Raises Rs 565 Cr in Funding Led by Peak XV

November 14, 2024 21:41

Sarvagram, a rural areas-focused entity, has raised Rs 565 crore in a funding round led by Peak XV Partners. The company provides loans, insurance, and farm mechanization services to rural households.

Gold ETFs See Record Inflow of Rs 1,961 Cr in October

November 13, 2024 17:16

Gold exchange-traded funds (ETFs) witnessed a record inflow of Rs 1,961 crore in October, driven by expectations of rising gold prices during the festive season. This surge in investment boosted...

Record Rs 41,887 Cr Inflow in Equity Mutual Funds in October

November 11, 2024 15:14

Equity mutual funds witnessed a record inflow of Rs 41,887 crore in October, driven by robust investments in thematic funds. This marks the 44th consecutive month of net inflow, highlighting the...

Shriram Life Insurance Reports Rs 50 Cr Profit in H1

November 8, 2024 16:49

Shriram Life Insurance Company reported a net profit of Rs 50 crore in H1 FY25, driven by strong policy sales. The insurer also expanded its branch network and invested in technology.

Aptus Value Housing Finance Q2 Profit Up 22% to Rs 182 cr

November 5, 2024 22:34

Aptus Value Housing Finance India Ltd reported a 22% rise in net profit to Rs 182 crore in Q2 FY25, driven by increased income. AUM stood at Rs 9,679 crore.

Shriram General Insurance to Re-enter Crop Insurance

November 5, 2024 20:22

Shriram General Insurance plans to re-enter the crop insurance market as part of its diversification strategy, aiming to increase its non-motor business contribution. The company also reported...

Aptus Value Housing Reports Q2 Profit of Rs 181.96 Cr

November 5, 2024 17:04

Aptus Value Housing Finance India Ltd reported a profit of Rs 181.96 crore in Q2 FY25, driven by business growth and stable asset quality. The company's profit grew by 22% year-on-year.

Sundaram Finance Q2 PAT at Rs 340.09 cr - Business News

November 5, 2024 15:41

Sundaram Finance reported a Q2 PAT of Rs 340.09 crore, down from last year's Rs 366.38 crore. Assets under management grew by 20%.

IRFC Q2 Profit Rises 4% to Rs 1,613 Cr, Interim Dividend Declared

November 4, 2024 20:46

IRFC's net profit for the September quarter rose 4% to Rs 1,613 crore, with total income reaching Rs 6,900 crore. The company also declared an interim dividend of Rs 0.80/share.

EFC Arm Gets SEBI Approval for SM-REIT Launch

October 30, 2024 16:11

EFC (I) Ltd's subsidiary, EFC REIT Pvt Ltd, secures SEBI registration to launch a Small & Medium Real Estate Investment Trust (SM-REIT) public issue, marking a significant expansion for the...

Aditya Birla Capital Q2 Profit Jumps 42% to Rs 1,001 Crore

October 30, 2024 15:22

Aditya Birla Capital reported a 42% increase in consolidated net profit to Rs 1,001 crore in Q2 FY25, driven by strong performance across segments and a gain from stake sale.

Muthoottu Mini Financiers to Raise Rs 150 Crore via NCDs

October 29, 2024 21:16

Muthoottu Mini Financiers launches public issue of secured, non-convertible debentures (NCDs) worth Rs 150 crore. The NCDs offer annualised interest rates ranging from 8.84% to 10.5% and will be...

LIC Housing Finance Q2 Profit Rises 11% | Latest News

October 28, 2024 20:21

LIC Housing Finance reported an 11% rise in Q2 profit to Rs 1,324 crore. Despite a decline in core net interest income, the company aims to increase higher yield assets and improve NIMs.

Aditya Birla Sun Life AMC Q2 Profit Surges 36% to Rs 242 Cr

October 28, 2024 20:12

Aditya Birla Sun Life AMC reported a 36% year-on-year jump in net profit to Rs 242.4 crore for Q2 FY25. Revenue also grew 27% to Rs 424.2 crore. AUM stood at Rs 3.83 lakh crore.

NTPC Green Energy, Avanse Financial IPOs Get Sebi Approval

October 28, 2024 17:39

NTPC Green Energy and Avanse Financial Services receive Sebi's approval to launch IPOs, raising a combined Rs 13.5 billion. Learn more about the IPO details and companies.

Business Cycle Funds: 56% Returns in 1 Year - Outperforming Market

October 27, 2024 11:00

Business cycle funds deliver impressive returns, with top performers like HSBC, Mahindra Manulife, and Quant exceeding 50%. Learn about these funds, their strategy, and potential benefits.

Cholamandalam Investment Q2 PAT Up at Rs 967.80 cr

October 25, 2024 19:31

Cholamandalam Investment and Finance Company Ltd reported a consolidated profit after tax of Rs 967.80 crore for Q2 FY25, up from Rs 772.87 crore in the same period last year. Total income and AUM...

UTI AMC Q2 Profit Soars 31% to Rs 239 Crore

October 25, 2024 19:30

UTI Asset Management Company reported a 31% jump in Q2 profit to Rs 239 crore, driven by strong revenue growth. The company's AUM reached Rs 20.16 lakh crore, highlighting the robust Indian mutual...

IndiGrid Profit Surges 154% to Rs 98 Cr in Q2

October 25, 2024 18:28

India Grid Trust reported a 154% jump in its consolidated net profit to Rs 98.73 crore for the September 2024 quarter, driven by higher revenues. The company also announced a Q2 FY25 distribution...

Bank Credit Growth to Moderate to 12% in FY25: Icra

October 25, 2024 16:33

Icra forecasts a slowdown in credit growth for banks and NBFCs in FY25 due to regulatory measures and tighter funding conditions. Bank credit growth is expected to moderate to 12% YoY, while NBFC...

NAM India Q2 Profit Surges 47% to Rs 360 cr

October 24, 2024 18:53

Nippon Life India Asset Management (NAM India) reported a 47% jump in Q2 profit to Rs 360.1 crore, driven by strong revenue growth. Assets under management reached Rs 6.54 lakh crore.

Bajaj Finserv Q2 Profit Up 8% to Rs 2,087 Crore

October 23, 2024 19:12

Bajaj Finserv's consolidated net profit for Q2 FY25 rose by 8% to Rs 2,087 crore, driven by strong growth in total consolidated income. Read more about the company's performance.

SBI Life Q2 Profit Surges 39% to Rs 529 cr

October 23, 2024 15:49

SBI Life Insurance reported a 39% jump in net profit to Rs 529 crore for Q2 FY25, driven by strong premium growth and asset management performance. Read more.

Choice Finserv Acquires Retail Lending Biz | Moneycontrol Pro Hits 1 Million Subscribers

October 22, 2024 22:24

Choice Finserv acquires retail lending business of Paisabuddy Finance and Sureworth Financial, boosting its AUM to Rs 801 crore. Meanwhile, Moneycontrol Pro crosses 1 million paying subscribers,...

ICICI Pru Life Profit Rises to Rs 252 Crore in Q2 FY25

October 22, 2024 18:44

ICICI Prudential Life Insurance Company reported a marginal rise of 3% in its net profit to Rs 252 crore in the September quarter, with total income rising to Rs 25,229 crore. The company's assets...

Allianz Exiting Bajaj Life & General Insurance JVs: Details

October 22, 2024 15:14

Allianz SE is considering an exit from its joint ventures with Bajaj Finserv in life and general insurance. The German insurer is committed to India but looking for alternatives. Read more.

India to be World's 3rd Largest Economy by 2027: FM

October 21, 2024 22:25

India's Finance Minister predicts India will become the world's third-largest economy by 2027, highlighting the country's sustained growth and investment opportunities.

L&T Finance Q2 Profit Up 17%, Challenges Ahead

October 18, 2024 21:29

L&T Finance reported a 17% rise in Q2 net profit to Rs 696 crore, but expects challenges in the next six months due to sectoral headwinds and a volatile macro environment.

Bajaj Finance Receives Investment Grade Rating from Moody's

October 18, 2024 12:19

Moody's has assigned a Baa3 rating with stable outlook to Bajaj Finance Ltd, recognizing its strong franchise, diversified loan book, and competitive funding costs.

Aditya Birla Sun Life AMC Raises USD 300 Million Private Credit Fund

October 15, 2024 18:20

Aditya Birla Sun Life Asset Management Company (ABSL AMC) aims to raise USD 300 million private credit fund from offshore investors. The fund, 'India Yield Advantage Fund', will be launched after...

TVS Credit Services Q2 PAT Rises 20% to Rs 161 Cr

October 15, 2024 16:13

TVS Credit Services reports a 20% increase in profit after tax for the July-September quarter, reaching Rs 161 crore. The company's total income also grew by 17% during the period.

Anand Rathi Wealth Profit Jumps 32% in Q2 FY25

October 10, 2024 17:57

Anand Rathi Wealth Ltd reported a 32% rise in net profit to Rs 76.3 crore in the September quarter, driven by strong revenue growth. The company's AUM also surged by 57% to Rs 75,084 crore in the...

Northern Arc to Raise Rs 1,000 Cr AIF for Financial Inclusion

October 7, 2024 21:11

Northern Arc aims to raise Rs 1,000 crore in an alternate investment fund (AIF) to support financial inclusion and economic growth across six key sectors.

R Systems Stake Sale: Investor Tripathi Divests 8.45% for Rs 465 Crore

October 4, 2024 20:07

Bhavook Tripathi sold 8.45% stake in R Systems International for Rs 465 crore, reducing his holding to 20.58%. Goldman Sachs, DSP Mutual Fund, and Sundaram MF among buyers.

Bandhan Life Partners with Bank for Insurance Growth

September 26, 2024 17:05

Bandhan Life Insurance partners with Bandhan Bank to distribute life insurance products, aiming for Rs 300 crore in premium in the first year. The company plans to expand its distribution network...

IndiGrid Raises Rs 695 Cr via Preferential Issue

September 26, 2024 17:03

IndiGrid, India's largest power transmission InvIT, receives unitholder approval to raise up to Rs 695 crore through a preferential issue. The company will use the funds to expand its operations...

LIC Mutual Fund Launches New Manufacturing Fund, Targets Rs 60,000 Crore AUM

September 20, 2024 18:59

LIC Mutual Fund has launched a new Manufacturing Fund, an open-ended equity scheme, with a target AUM of Rs 60,000 crore by fiscal-end. The NFO is open till October 4 and the scheme aims to provide...

EQT Acquires Indostar Home Finance for Rs 1,750 Crore

September 20, 2024 13:02

Private equity firm EQT has acquired Indostar Home Finance for Rs 1,750 crore. The deal will see EQT invest Rs 500 crore to expand the company's geographic footprint and accelerate its digital...

NPS Vatsalya: Open Pension Account for Children - Finance Minister

September 18, 2024 17:27

Finance Minister Nirmala Sitharaman launches NPS Vatsalya, allowing parents to open pension accounts for their children. Learn about contribution requirements and benefits of this new scheme.

Godrej Capital Enters Affordable Housing Loans, Targets Rs 17,000 Cr AUM

September 18, 2024 15:44

Godrej Capital, the financial services arm of Godrej Group, is entering the affordable housing loan segment, aiming for Rs 17,000 crore AUM by December 2024. The company also plans to expand its...

Manba Finance IPO Opens Sep 23: Price Band Rs 114-120

September 18, 2024 11:28

Manba Finance's IPO, worth Rs 151 crore, opens on September 23. The price band has been set at Rs 114-120 per share. Proceeds will be used for lending and general corporate purposes.

Vastu Housing Finance Secures USD 50 Million Loan for Affordable Housing

September 12, 2024 21:49

Vastu Housing Finance to borrow USD 50 million from USIDFC for affordable housing, focusing on low-income borrowers and women's home ownership in Tier II to IV towns across India.

Brookfield Backed DIT Now India's Largest Mobile Tower Firm

September 12, 2024 19:06

Data Infrastructure Trust (DIT), backed by Brookfield, acquires ATC India's operations, becoming the largest mobile tower company in India with a portfolio of 257,000 telecom sites.

US Wants India as 'BFF', Ties Won't Change: Envoy

September 11, 2024 21:32

US Ambassador Eric Garcetti says US wants a 'BFF' relationship with India, with no change in ties despite a new president. He emphasizes reducing dependence on a single country for economic and...

Equity Mutual Funds Surge 3% in August, Debt Flow Drops | AMFI Data

September 10, 2024 15:05

Equity mutual funds saw strong inflows of Rs 38,239 crore in August, driven by thematic schemes. Debt fund inflows plummeted to Rs 45,169 crore. Read more.

FPIs Challenge Sebi Norms: Deadline for Beneficial Ownership Disclosure Expires

September 9, 2024 13:16

Two Mauritius-based FPIs have sought legal relief from complying with Sebi's new norms for foreign investors, which require disclosure of ultimate beneficial ownership. The deadline for compliance...

Shriram Finance to Raise USD 1 Billion Overseas

September 8, 2024 15:31

Shriram Finance plans to raise USD 1 billion from overseas in the next six months to fund business growth. The NBFC will also raise funds from development financial institutions like ADB, Kfw, and...

US Pension Funds to Invest in India: $1.8 Trillion AUM

September 5, 2024 21:49

Five US pension funds with over $1.8 trillion in assets are visiting India next week to explore long-term investment opportunities, including IPOs and infrastructure.

Sebi Proposes Changes in Household Savings Calculation

September 4, 2024 20:09

Sebi's working paper suggests revising the methodology for calculating household savings through the Indian securities market to improve data accuracy. The proposed changes aim to include a wider...

Retirement Mutual Funds Surge 256% in 5 Years

September 4, 2024 15:31

Retirement mutual fund AUM has grown 256% in the last 5 years, driven by rising awareness of financial planning. Learn more about this booming sector and its potential for growth.

General Atlantic Acquires Actis Holdings: CCI Approves Deal

September 3, 2024 20:30

General Atlantic, a US-based private equity firm, has received approval from the Competition Commission of India (CCI) to acquire Actis Holdings, a sustainable infrastructure investor. The deal...

SMFG India Credit Targets Rs 60,000 Cr AUM by 2024-25

September 3, 2024 16:05

SMFG India Credit, a leading NBFC, aims to reach Rs 60,000 crore in assets under management by FY 2024-25, expanding its branch network and focusing on sustainable development.

Sebi Approves IIHL's Acquisition of Invesco PMS Business

August 30, 2024 17:19

Sebi has approved IndusInd International Holdings (IIHL)'s acquisition of Invesco AMC's portfolio management services business. The transaction is expected to be completed soon, pending one final...

ITI Mutual Fund Targets Rs 1 Lakh Crore AUM in 5 Years

August 29, 2024 17:59

ITI Mutual Fund aims to reach Rs 1 lakh crore AUM in the next five years, driven by growth in systematic investment plans (SIPs). The fund manager highlights India's economic growth as a key driver...

Family Offices AUM to Grow 14% in 3 Years: Report

August 28, 2024 16:24

Indian family offices are projected to see a 14% growth in AUM and a 5% increase in alternative investments over the next 3 years, driven by a shift towards growth and diversification.

NeoLiv & Royal Green Realty Partner for 20-acre Haryana Project

August 27, 2024 11:17

NeoLiv enters North India with a 20-acre housing project in Kundli-Sonipat, Haryana, in partnership with Royal Green Realty. The project will feature premium villas, independent floors and...

Capitalmind Gets Sebi Approval for Mutual Fund Launch

August 26, 2024 18:11

Capitalmind Financial Services receives in-principle approval from Sebi to launch a mutual fund business, aiming to tap into the growing Indian market. The company boasts a strong track record with...

NBFC Asset Growth to Moderate in FY25, NPAs Likely to Rise: Icra

August 21, 2024 17:50

Icra Ratings forecasts a slowdown in NBFC asset growth in FY25, with NPAs expected to rise due to factors including regulatory measures and concerns over unsecured and top-up loans. The sector...

IndusInd to Acquire Invesco India Stake: CCI Approval

August 20, 2024 21:21

CCI approves IndusInd International Holdings' acquisition of majority stake in Invesco Asset Management and Invesco Trustee in India. The deal forms a joint venture with IndusInd holding a 60% stake.

REITs Distribute Rs 1,371 Cr to Unitholders in Q1 FY24

August 20, 2024 14:49

Four listed REITs in India distributed over Rs 1,371 crore to unitholders in the June quarter, marking a significant milestone in the REIT market. Learn more about the distribution and the key...

LIC Mutual Fund Eyes Inorganic Growth, Targets Rs 1 Lakh Crore AUM

August 14, 2024 13:13

LIC Mutual Fund aims to increase its AUM to Rs 1 lakh crore by March 2026, through inorganic growth, including fund house acquisitions. The company also plans to expand its branch network and...

Piramal Enterprises Q1 Profit Dips 64% to Rs 181 cr

August 13, 2024 18:43

Piramal Enterprises reported a 64% decline in Q1 net profit to Rs 181 crore, impacted by a higher base last year. The company's core net interest income grew 18% to Rs 807 crore.

Shriram Life Insurance AUM Hits Rs 11,841 cr in Q1 FY25

August 13, 2024 13:38

Shriram Life Insurance reports a profit of Rs 27 crore in Q1 FY25, with AUM crossing Rs 11,841 crore. The company witnessed a significant growth in new business premiums and individual policies.

360 ONE Denies Adani Investment in IPE-Plus Fund

August 11, 2024 17:11

360 ONE, formerly IIFL Wealth Management, refutes Hindenburg's claims of investments in Adani shares through its IPE-Plus Fund 1. The firm says the fund made no investments in Adani Group companies...

LIC to Invest Rs 1.30 Lakh Crore in Stocks in FY25

August 11, 2024 15:31

LIC, India's largest life insurer, plans to invest around Rs 1.30 lakh crore in the stock market during the current financial year, driven by strong market performance and increased AUM. The...

Focused Mutual Funds: Asset Base Surges 31%, Top Performers Deliver 60% Returns

August 11, 2024 13:05

Focused mutual funds are gaining traction, with assets under management reaching Rs 1.43 lakh crore in June 2024. Top performers like Invesco India Focused Fund and Mahindra Manulife Focused Fund...

LIC Shares Rise 1% After Strong Q1 Profit

August 9, 2024 16:45

LIC shares gained nearly 1% on Friday after the company reported a 10% rise in net profit for the June 2024 quarter. The stock climbed 3% in early trade before settling higher.

Equity Mutual Funds Inflow Drops 9% to Rs 37,113 Cr in July

August 9, 2024 16:20

Equity mutual fund inflows declined 9% in July to Rs 37,113 crore, led by a drop in large-cap, small- and mid-cap categories. However, the industry's AUM reached a record high of Rs 65 lakh crore.

Arohan Financial Services Q1 Profit Jumps Fourfold to Rs 104 Cr

August 9, 2024 11:48

Arohan Financial Services reported a significant jump in net profit to Rs 104.08 crore in Q1 FY25, driven by strong business growth and earnings. The MFI's AUM also saw a notable increase, while...

LIC Shares Surge 3% After Strong Q1 Earnings

August 9, 2024 11:43

LIC shares climbed 3% on Friday after the company reported a 10% rise in net profit to Rs 10,461 crore in the June 2024 quarter. The company also saw a significant increase in total income and AUM.

India Shelter Finance Q1 Profit Surges 77% - Rs 84 Crore

August 8, 2024 21:18

India Shelter Finance Corporation reported a 77% YoY surge in Q1 FY25 profit to Rs 84 crore, driven by strong AUM growth and increased disbursements. The company's AUM rose 37% to Rs 6,509 crore.

ICICI Prudential Life Insurance AUM Hits Rs 3.14 Lakh Crore

August 7, 2024 22:12

ICICI Prudential Life Insurance's assets under management have surpassed Rs 3.14 lakh crore, marking a significant milestone. The company has covered 9.84 crore lives and boasts an in-force sum...

TVS Credit Services Reports 20% Net Profit Hike in Q1 FY'25

August 7, 2024 17:46

TVS Credit Services reported a 20% increase in net profit for the April-June 2024 quarter, reaching Rs 140.43 crore. The company's total income also grew significantly.

Sebi Proposes New Framework for ODI & FPI Investments

August 6, 2024 22:23

Sebi proposes new disclosure and regulatory requirements for investments through ODIs and segregated portfolios of FPIs, addressing regulatory arbitrage. Public comments are invited till August 27.

CAMS Q1 Profit Surges 42% to Rs 108 cr

August 2, 2024 16:58

CAMS, India's largest mutual fund registrar, reported a 42% jump in Q1 PAT to Rs 108.21 crore, driven by strong revenue growth and assets under service crossing Rs 40 lakh crore.

Aditya Birla Capital Net Profit Rises 17% in Q1 FY25

August 1, 2024 20:14

Aditya Birla Capital reported a 17% rise in its consolidated net profit to Rs 759 crore in the April-June quarter, driven by growth in lending and asset management businesses.

Aptus Value Housing Q1 PAT Up 21% to Rs 171.74 cr

August 1, 2024 17:05

Aptus Value Housing Finance reported a consolidated profit after tax of Rs 171.74 crore in Q1 FY25, driven by business growth, stable asset quality, and higher productivity.

Clix Capital Raises Rs 220 Crore from Apollo & Others

August 1, 2024 14:14

Non-bank lender Clix Capital secures Rs 220 crore funding from Apollo Global Management, Pramod Bhasin, and Anil Chawla to bolster lending capabilities in MSME, healthcare, and education.

Hero FinCorp IPO: Rs 3,668 Crore Fundraise

August 1, 2024 11:15

Hero FinCorp, a financial services arm of Hero MotoCorp, files IPO papers with SEBI to raise Rs 3,668 crore, including a fresh issue and an OFS. The IPO proceeds will be used to bolster lending...

Sundaram Home Finance Expands Outside South India

July 30, 2024 14:08

Sundaram Home Finance is steadily increasing its presence outside South India, with a focus on tier 3 and 4 towns and a new 'Emerging Business' segment for affordable housing and small business loans.

Khelomore Raises USD 2 Million for Sports Platform Expansion

July 29, 2024 20:43

Sports tech platform Khelomore secures USD 2 million funding led by Clear Bridge Ventures and Eruditus to expand its reach and offer more sports venues.

Equity Mutual Funds Surge 5-Fold in June Quarter

July 28, 2024 11:00

Investment in equity mutual funds surged over five-fold to Rs 94,151 crore in the June 2024 quarter driven by a strong economic environment, supportive government policies and investor confidence.

Cholamandalam Investment Appoints Ravindra Kumar Kundu MD

July 27, 2024 15:58

Cholamandalam Investment and Finance Company has appointed Ravindra Kumar Kundu as its Managing Director for a five-year term starting October 7. Kundu has been with the company for 24 years and...

Star Housing Finance Reports 70% Revenue Growth

July 27, 2024 15:44

Star Housing Finance Ltd (Star HFL) reported a 70% jump in revenue for the April-June quarter, driven by strong growth in interest income and commission fees. Total revenue reached Rs 20.96 crore,...

Cholamandalam Investment Reports Q1 PAT Up 29.7% - Rs 942 cr

July 26, 2024 18:13

Cholamandalam Investment and Finance Company reports a 29.7% rise in Q1 FY24 profit after tax to Rs 942 crore, driven by strong growth in disbursements and assets under management.

UTI AMC Q1 Profit Up 9% to Rs 254 Crore

July 25, 2024 16:57

UTI Asset Management Company (UTI AMC) reported a 9% rise in Q1 FY25 profit to Rs 254 crore, driven by strong revenue growth. AUM stood at Rs 19.36 lakh crore.

Aditya Birla Sun Life AMC Q1 Profit Jumps 28% to Rs 236 Cr

July 24, 2024 20:09

Aditya Birla Sun Life AMC reported a strong Q1 FY25, with net profit rising 28% to Rs 236 crore. Revenue also grew 24%, driven by higher AUM.

ICICI Prudential Shares Surge 9% on Strong Q1 Earnings

July 24, 2024 17:45

ICICI Prudential Life Insurance shares soared nearly 9% after reporting a 9% rise in profit for the June quarter, reaching a 52-week high. The company's net premium income and new business value...

M&M Financial Services Q1 Profit Surges 45% to Rs 513 Cr

July 23, 2024 21:44

Mahindra & Mahindra Financial Services reported a 45% jump in June quarter net profit to Rs 513 crore, driven by strong loan growth and improved asset quality.

ICICI Pru Life Q1 PAT Up 9% to Rs 224.34 cr | Business News

July 23, 2024 21:35

ICICI Prudential Life Insurance reported a 9% rise in profit after tax (PAT) for the June quarter at Rs 224.34 crore, driven by a 15.1% increase in policies sold.

Retail Investor Surge in Stock Market: Economic Survey Cautions

July 22, 2024 15:23

India's Economic Survey warns of risks from rising retail investor participation in the stock market, highlighting potential for overconfidence and speculation. Read more.

NBFC-PSL Category for MSMEs: Key Budget Demand

July 22, 2024 10:17

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

Sebi Warns of Rising F''O Speculation, Impact on Economy

July 19, 2024 21:14

Sebi chief expresses concern over rising F''O trading, impacting household savings and economy. Regulator warns of risks and seeks to curb speculative bets.

Nippon Life India Asset Management Q1 Profit Up 41% to Rs 332 Cr

July 19, 2024 18:33

Nippon Life India Asset Management (NAM India) reported a 41% rise in profit after tax to Rs 332.3 crore in Q1 FY25. Revenue from operations also increased significantly.

Capitalmind to Raise Rs 500 Cr in Maiden AIF

July 18, 2024 14:37

Capitalmind Financial Services aims to raise Rs 500 crore in its maiden alternate investment fund (AIF) over the next year. The fund will invest in 20-40 stocks, offering investors long-term wealth...

Moneyboxx Finance Raises Rs 271 Cr for Growth

July 17, 2024 17:28

Moneyboxx Finance, an NBFC focused on impact financing, raised Rs 271 crore through equity issuance to support its growth plans, including expanding its branch network and achieving Rs 1,400 crore...

Sebi Proposes New Asset Class for Investors with Rs 10-50 Lakh

July 16, 2024 18:00

Sebi proposes a new asset class between mutual funds and PMS for investors with Rs 10-50 lakh, offering higher risk, flexibility, and regulated structure.

ESR Group Leases Space to UPM Raflatac in MMR Industrial Park

July 16, 2024 17:16

ESR Group has leased 48,800 sq ft of space to UPM Raflatac in its MMR industrial park, providing a modern and efficient facility for warehousing and distribution. The expansion reflects UPM...

HDFC Life Q1 Profit Jumps 15% to Rs 478 Cr | Business News

July 15, 2024 19:19

HDFC Life's net profit rose 15% to Rs 478 crore in Q1 FY24, driven by a 10% increase in total premium. New business premium collection also grew 9%.

HDFC AMC Q1 Profit Surges 26% to Rs 604 Cr - Business News

July 15, 2024 16:38

HDFC Asset Management Company reported a 26% rise in profit after tax (PAT) to Rs 603.9 crore in Q1 FY25, driven by a strong revenue growth and increased assets under management.

Anicut Capital Closes Rs 300 Cr Equity Continuum Fund

July 12, 2024 20:34

Anicut Capital has closed its maiden late-stage Equity Continuum fund of Rs 300 crore, aimed at supporting high-potential companies preparing for an IPO. The fund has attracted strong investor...

SIP Flows Hit Record High in June: Amfi

July 9, 2024 15:12

Mutual fund investors poured Rs 21,262 crore into SIPs in June, a record high, according to Amfi. The overall AUM from SIPs has grown to Rs 12.43 lakh crore.

Sebi Tightens Rules for Passive Mutual Funds: Sponsor Group Exposure Limit

July 8, 2024 21:47

Sebi introduces new prudential norms for passive mutual fund schemes, limiting investments in sponsor group companies to 25% of net assets. Equity-oriented ETFs and index funds are capped at 35%.

Sumitomo Mitsui, BNP Paribas Open Branches in GIFT-IFSC

July 8, 2024 20:32

Sumitomo Mitsui Banking Corporation and BNP Paribas have opened branches in the GIFT-IFSC, expanding their operations in India. The branches will focus on foreign currency lending and attracting...

Piramal Enterprises Targets 15% AUM Growth in FY25

July 8, 2024 20:05

Piramal Enterprises aims to increase its assets under management (AUM) to Rs 80,000 crore in FY25, driven by a 15% growth target. The company is focusing on retail loans and wholesale 2.0 business.

Equity Returns to Moderate in Next 3 Years: Franklin Templeton

July 3, 2024 16:26

Franklin Templeton predicts slower equity returns over the next three years, citing high valuations and a shift in earnings growth. Despite this, they expect respectable returns compared to other...

Olyv Fintech: FY25 Revenue to Hit Rs 350 Cr, User Base Grows 80%

July 1, 2024 10:17

Fintech firm Olyv projects FY25 revenue to reach Rs 350 crore driven by user growth, larger ticket loans, and new product launches. The company's revenue doubled in FY24.

Sebi Removes Fin Disincentive for Stock Exchange Execs

June 27, 2024 22:03

Sebi's board approved removing financial disincentives for stock exchange MDs and CTOs due to technical glitches, aiming to attract talent. The regulator also approved a cybersecurity framework for...

Ontario Teachers' Invests Rs 1,230 Crore in Kogta Financial

June 26, 2024 15:51

Ontario Teachers' Pension Plan Board invests Rs 1,230 crore in Kogta Financial for a significant minority stake. The investment will be used to drive growth and expand the NBFC's reach.

Tata Motors Partners Bajaj Finance for Commercial Vehicle Financing

June 25, 2024 13:29

Tata Motors partners with Bajaj Finance to offer financing solutions for its entire commercial vehicle portfolio. Customers will benefit from Bajaj Finance's wide reach, competitive interest rates,...

Quant Mutual Fund Faces Sebi Inquiry: Full Cooperation

June 24, 2024 12:48

Quant Mutual Fund confirms Sebi inquiry and commitment to cooperate. Regulator investigates potential front-running activities, conducting searches in Mumbai and Hyderabad.

Avanse Financial Files for Rs 3,500 cr IPO - Warburg Pincus Backed

June 21, 2024 13:15

Avanse Financial Services, backed by Warburg Pincus, files draft papers for a Rs 3,500 crore IPO, aiming to raise capital for future growth. The IPO includes a fresh issue and OFS by existing...

Piramal Finance Retail AUM Crosses Rs 50,000 Cr

June 18, 2024 22:15

Piramal Finance's retail assets under management have crossed Rs 50,000 crore, driven by strong growth in retail loans, particularly in affordable housing.

Purnartha Investment Advisers crosses Rs 2,000 cr in PMS asset base

June 18, 2024 16:01

Purnartha Investment Advisers, a portfolio management services provider, has crossed the Rs 2,000 crore mark in AUM, driven by its focus on delivering superior investment solutions.

IFC commits USD 105 mn to Brookfield's Bikaner Solar Power project

June 17, 2024 16:37

IFC commits USD 105 million to Brookfield's 550 MW Bikaner Solar Power project in Rajasthan, boosting India's renewable energy capacity and supporting climate goals.

NBFC-MFIs Top Micro-credit Providers in India | Report

June 12, 2024 18:21

NBFC-MFIs are the largest provider of micro-credit in India, accounting for nearly 40% of disbursements, according to a new report by MFIN. Learn more about the microfinance landscape.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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