Latest Updates Around The World
Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition of up to 41.66 per cent of the company’s paid-up share capital/convertible instruments by subsidiaries of Bain Capital – BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.The RBI’s […]
PhonePe, which has built its scale on the Unified Payments Interface (UPI) with over 657 million registered users, uses payments as a distribution layer rather than a primary source of revenue. | Photo credit: SAMYUKTA LAKSHMI Walmart-backed fintech giant PhonePe is sharpening its financial services operations ahead of its proposed stock market listing as loan […]
Mumbai: Foreign investors accelerated their sales in financial services in the second half of January, losing ₹5,402 crore after selling ₹3,190 crore in the first half. For 2025, outflows from the sector stood at ₹14,903 crore. “There are no serious valuation concerns in the financial sector, but private banks did make some gains as PSU […]
Religare Broking on Monday said it has appointed Vijay Kumar Goel as managing director as the brokerage firm focuses on scaling its core business and expanding its wealth product offering.Before joining Religare Broking, Goel was self-employed as an Executive Coach and Business Growth Consultant, mentoring senior leaders and advising financial services firms on growth and […]
On December 19, Shriram Finance, India’s second-largest NBFC, said it has entered into a definitive agreement with Japan’s largest lender MUFG Bank, under which the latter will acquire a 20 percent stake in the NBFC for ₹39,618 crore | Photo credit: iStockphoto India’s financial services industry, including banks and non-banking finance companies (NBFCs), has seen […]
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Groww posted strong revenue growth and sharp margin expansion last quarter, with operating margins reaching nearly 60%, thanks to its predominantly fixed-cost model, said Ishan Bansal, co-founder and CFO of Groww, in an interview with ET Now. 90% of the costs are fixed: turnover growth flows directly to the operating result Bansal explained that roughly […]
SEAT AT THE TABLE: Board accountability and risk mitigation | Photo credit: FangXiaNuo What is needed to maintain financial stability? This question has never been as urgent for the regulator as it is now. The Indian financial system has shown resilience, but black swan events continue to shake up the financial services ecosystem. How can […]
In this edition of ETMarkets Smart Talk, Aditya Sood, fund manager at InCred Asset Management, shares his optimistic view on India’s evolving market landscape. Speaking to ETMarkets’ Kshitij Anand, Sood said he believes the next step in wealth creation will be led by financial and domestic manufacturing themes, supported by strong balance sheets, government-led capital […]
The acquisition includes the complete and step-down subsidiaries of Cosmea, as well as her trusts. | Photocredit: Tourism Finance Corporation of India said on Monday that its council approved a proposal to acquire Cosmea Investment, which has business interests in stock broking and asset management. The Board of Directors, during its meeting on October 6, […]
