Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
Battery Smart may file IPO papers in September-October; eyes 70-80% annual growthBattery Smart is preparing to file draft papers with Sebi for an initial public offering. The company targets substantial annual growth ove...
Investors slash Zepto’s valuation, delaying India IPO plansZepto has deferred its highly anticipated IPO after domestic investors proposed a 68% valuation cut, valuing the rapid-commerce firm at $2....
Nifty trapped in 1,531-point range for 15 weeks. Can global AI unwind bring FIIs back?The Nifty index is approaching a critical juncture after a prolonged consolidation period. Foreign institutional investors are showing earl...
Macquarie's done the full investment cycle in India. It's time to invest again: Chief executive Verena LimMacquarie Asset Management has invested over four billion dollars in India during its two decades. The firm is now actively evaluating digi...
India sees dollar deposit deluge on FCNR(B) waveFCNR(B) deposits accounted for $36.72 billion of the inflows, exceeding the $26 billion mobilised under a similar scheme in 2013, in less t...
RBI's FCNR, forex schemes draw $40.81 billion in inflows so farSignificant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...
State Bank of India's perpetual bond demand seen spurring more issuances, bankers sayState Bank of India's recent success in selling perpetual bonds is setting a positive precedent for other banks. With several lenders prepa...
Wealth creators: 12 equity mutual funds turn Rs 1,000 SIP to nearly Rs 3 crore since their inceptionTwelve equity mutual funds have turned a Rs 1,000 monthly SIP into more than Rs 1 crore since their inception, with the top performer gener...
Adani Energy QIP gets 3.1x bidsAdani Energy Solutions' ₹3,500 crore qualified institutional placement saw strong demand. The issue was subscribed 3.1 times, drawing bids ...
PPFAS valuation climbs after Rajeev Thakkar sells stake to WhiteOak AIFRajeev Thakkar sold a stake in PPFAS to WhiteOak Capital's AIF. This transaction valued the unlisted asset management company at nearly ₹15...
Adani Energy’s Rs 3,500 crore QIP oversubscribed 3.1 times as FIIs, MFs and Azim Premji firm make bidsAdani Energy Solutions' Rs 3,500 crore QIP was oversubscribed 3.1 times, attracting bids worth over Rs 10,800 crore from domestic mutual fu...
Adani Energy to raise Rs 3,500 crore via a QIP with upsize optionAdani Energy Solutions has launched a qualified institutional placement to raise funds. The company aims to secure ₹3,500 crore through thi...
Adani Energy launches Rs 3,500 crore QIP, sets floor price at Rs 1,698 per shareAdani Energy Solutions launched its qualified institutional placement to raise Rs 3,500 crore. The company fixed the floor price at Rs 1,69...
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 recordIndia has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhot...
SBI recruits 1,930 Circle Based Officers to strengthen banking operationsState Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking o...
SBI Funds Management said to plan $200 million tech fundSBI Funds Management is planning a $200 million technology-focused alternative investment fund with venture capital firm 3one4 Capital, mar...