New Delhi, April 9 – Anand Rathi Wealth announced on Thursday a 25 per cent increase in profit after tax (PAT) to Rs 92 crore for the quarter ended March 2026.The company had posted a PAT of Rs 73.6 crore in the same quarter of the previous fiscal, Anand Rathi Wealth, part of the Mumbai-based...
Bengaluru, April 8 The Pension Fund Regulatory and Development Authority (PFRDA) has launched the second "Proof of Concept (POC) of NPS Swasthya," an initiative aimed at providing healthcare funding along with retirement planning.According to a statement, PFRDA said that the National Pension...
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New Delhi, April 6 Valura.ai, an AI-native global investment platform, announced on Monday the onboarding of over 1,000 wealth advisors across India ahead of its official launch, with a combined assets under management (AUM) pipeline exceeding Rs 3,000 crore over the next 12-18 months.The...
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Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the...
New Delhi, March 23 Svatantra Microfin Pvt Ltd announced on Monday that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following approval from the NCLT.The approval for the amalgamation was granted by the National Company Law Tribunal...
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New Delhi, March 10 Equity mutual funds attracted net inflows of ₹25,978 crore in February, marking an 8 per cent increase from the previous month amid the India-US trade deal, according to data released by industry body Amfi on Tuesday.This lifted the industry's Assets Under Management (AUM)...
New Delhi, March 6 Aye Finance, which listed on stock exchanges last month, reported an 87 per cent increase in net profit at Rs 43 crore for the quarter ended December 2025, on Friday.The non-banking financial company (NBFC) specializing in micro-enterprise lending had earned Rs 23 crore in...
New Delhi, March 2 Non-banking financial companies (NBFCs) specializing in gold loans are expected to see healthy profitability in the medium term, with an estimated average return on managed assets (RoMA) in the range of 4.25-4.5 per cent next fiscal, according to a report.This increase in...
Mumbai, February 23 India's managed funds industry's assets under management (AUM) is projected to reach Rs 455 lakh crore by March 2030, more than doubling from current levels, according to a report released on Monday.The report by Crisil Intelligence, a division of the rating agency, stated...
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New Delhi, February 16 Shares of the non-banking financial company (NBFC) Aye Finance made a flat market debut on Monday, listing at par with the issue price of Rs 129.The stock listed at Rs 129 per share on both the NSE and the BSE. Later, it traded 3.17 per cent lower at Rs 124.91 on the...
New Delhi, February 9 NBFC firm Purple Finance plans to raise ₹69.30 crore through the issuance of 1.26 crore equity warrants at ₹55 each, subject to applicable regulatory approvals.The decision was taken in the board meeting held on February 6, Purple Finance said in a regulatory filing...