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Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel USSachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Gr...- Burman-backed Religare Enterprises announces demerger to unlock shareholder valueReligare Enterprises Ltd (REL), backed by the Burman family, has approved a plan to split its financial services and insurance businesses i...
- Daiwa Securities invests Rs 285 cr in Ambit’s wealth management armThird strategic investment by the Japanese financial group in as many years. Infusion of primary capital will help to launch new products, ...
- Sachin Bansal’s Navi Technologies raises Rs 170 crore via debt roundNavi Technologies, led by Flipkart cofounder Sachin Bansal, raised Rs 170 crore via debt funding, with PhillipCapital contributing Rs 120 c...
- School Assembly Headlines for July 24: Top national, international, sports and business updatesIndia is set to resume tourist visas for Chinese nationals after five years, while the Rajya Sabha will debate the Pahalgam attack. A Ghazi...
- Building a people-first culture at Namdev Finvest: Where wellbeing meets recognitionNamdev Finvest is setting new standards in the financial sector by prioritizing its employees. The company has implemented paternity and me...
- Ambit, Daiwa raise Rs 1,500 crore from Japanese investorsIn 2023, Japan's Daiwa Securities Group acquired a 23% stake in Ambit, the holding company. The Japanese firm subsequently picked up stake ...
- Daiwa Securities to pick up minority stake in Ambit's arm Ambit FinvestLeading financial services company Ambit on Tuesday said Daiwa Securities Group will acquire a minority stake in Ambit Finvest, an NBFC sub...
- Govt may tweak rules for AI firms, LLMs; FY23 financials for Unacademy, MyntraThe amendments, to be notified soon by the IT ministry, could mandate that platforms that use artificially intelligent algorithms or langua...
- How Ambit Finvest, in partnership with Damco Solutions enhanced their sales productivityThe company Ambit Finvest partnered with Damco Solutions to implement a custom Salesforce solution to help their sales team digitize their ...
- Ambit Finvest partners with Union Bank of India for co-lending to MSMEsThis alliance will ensure underwriting for originations, positively impacting the creditworthiness of MSMEs, in 11 states that are currentl...
- Tata Sons picks up 43.35% in Tejas Networks, reboots 5G plansTata Sons plans to acquire 63.1% stake Tejas Networks, Bengaluru-based telecom product major, that will help it gain access to crucial tech...
- Corporate borrowing costs drop in 2 monthsThe differential or spread between three-year triple-A-rated bonds and similar-maturity government bonds narrowed to 36 bps versus 126 bps ...
- Cost of funds stays high for NBFCsMedium-range non-bank lenders, home financiers shell out 2-2.25% over benchmark govt bonds
- Loans against shares now a pricier affairInterest rates surge by up to 300 basis points on fear of default and crash in share prices.
- Ranbaxy to ruins: How the Singh brothers turned from business whizkids to fraud accusedThis is the story of the sorry fall of an empire that had risen from the ground up in the span of a few decades.
- Sebi order throws a spanner into Singh brothers' plansAn enquiry is needed to find out the role of each entity in the alleged fund routing.
- Ambit acquires SME lending arm of FinmaxThe acquisition of an SME-focused lending business, is a significant tailwind to Ambit Finvest’s strategy to diversify its asset base and c...
- Is Religare slipping off promoters’ hands?Holding of the Singh brothers down to an all-time low of 13%
- Hrishikesh Parandekar to be Ambit Finvest & Ambit Private Wealth's CEOHrishikesh Parandekar, 42, is an alumnus of IIM Ahmedabad, where he was awarded the President's Gold Medal for graduating at the top of his...
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