October 2nd, 2018The Indian Government has reportedly taken control of Infrastructure Leasing & Finance (IL&FS) following the approval from the Insolvency & Bankruptcy Court in Mumbai. The country’s leading infrastructure finance company IL&FS has defaulted on payments to lenders triggering panic in the markets.
What is...
July 18th, 2018Non-Banking Financial Company (NBFC) Muthoot Capital said that their net profit jumps three-fold from Rs 6.1 Crore to Rs 20.6 crore in the first quarter ending June 2018 compared to the June 2017 period.
The total revenue of Muthoot Capital also registered a growth of 56.2% in 2018. The total revenue increased to Rs 124.2 crore...
March 21st, 2018Hyderabad-based financial company BASIX Sub-K iTransactions Ltd has raised Rs. 350 million funding to deepen their efforts towards greater financial inclusion in India.
The funds were raised from global nonprofit and financial inclusion pioneer Accion, and Nordic Microfinance Initiative (NMI), a public-private partnership, owned...
December 20th, 2017Peer-to-peer lending platform Faircent has raised $4 million in a Series B round of funding from Belgium based impact investor Incofin Investment Management.
The round also saw participation from non-banking finance company Muthoot Fincorp, NY based Elevate Innovation Partners, Japanese investment fund Das Capital, and Singapore-based...
October 31st, 2017India has jumped 30 places up massively and made its place at 100 in the World Bank's ease of Doing Business. India has secured its place in the Top 100 list for the first time, driven by reforms in access to credit, power supplies and protection of minority investors.
Doing Business in India has become much easier now as per the...
October 15th, 2017The World Bank Group is aiming to develop new measures to enhance its financial capacity and have its board decide on them at its next spring meetings in April 2018, a spokesman for the institution said on Saturday.
The World Bank has been seeking a general capital increase for its IBRD lending arm for two years, but the Trump...
July 11th, 2017Mutual Funds have always been an important part of the investment puzzle. The industry has taught the world new ways of proliferating wealth and thus winning prosperity. However, like any other industry, Mutual Funds are also not spared from the distinct quandaries put up by the ever demanding clientele. With increasing reliance on...
July 9th, 2017Acknowledging steps being taken by India for sustainable and inclusive growth as well as support to global economy, the G20 has praised the initiatives in the country for promoting ease of doing business, startup funding and labour reforms.
In its Hamburg Action Plan, adopted at the G20 Summit of leaders from the worlds 20 largest...
June 10th, 2017Micro, small and medium enterprises have a vital role in providing employment opportunities in India. The MSME sector also has a relatively lower capital cost compared to large industries. They also help in the development and industrialisation of rural areas. However, one major challenge that the sector faces at present is the...
May 1st, 2017India is projected to see impact investments worth up to USD 40 billion by 2025 as the country is in a "sweet spot" with high potential to deliver solutions for various problems, according to global grouping GIIN.
Based in New York, the Global Impact Investing Network (GIIN) is a not-for-profit group that works to promote impact...
April 30th, 2017Alibaba-backed Paytm today said it will invest Rs 10,000 crore over the next three years to ramp up its banking and financial services business.
The Noida-based company, which will soon offer payments bank services in the country, claims to have already pumped in over Rs 3,200 crore in the last two years for its operations.
"We...
