Mumbai, March 29 Jio Financial Services (JFS) is aiming to launch general and life insurance businesses this year, a top company official has said.The financial services company does not have any immediate plans to enter the unsecured and consumer durable lending businesses."We hope to start...
New Delhi, March 18 Axis Bank announced on Wednesday that it has approved a proposal to inject ₹1,500 crore into its NBFC arm, Axis Finance Ltd (AFL), through a rights issue over the next year to fund business growth.The Acquisitions, Divestments and Merger Committee of the bank's Board of...
New Delhi, March 16 NBFC firm Ecofy announced on Monday that it has raised ₹380.5 crore in equity capital to expand its green finance business in the country.The funding round saw participation from two leading global DFIs – British International Investment (BII), the UK's development finance...
british international investment
development finance institution
ecofy
electric vehicles
equity capital
finnfund
green finance
impact investor
india
investment
nbfc
renewable energy
sme financing
solar finance
sustainable finance
New Delhi, February 25 NBFC firm Credent Global Finance announced on Wednesday that it has raised ₹30 crore through a Qualified Institutional Placement (QIP) to fund business growth.Institutional investors participated in the QIP, further strengthening investor confidence in Credent's evolving...
New Delhi, February 17 The Competition Commission of India (CCI) has approved the proposed merger of Hinduja Leyland Finance Ltd with NDL Ventures Ltd.Hinduja Leyland Finance is an NBFC-Asset Finance Company that provides small-ticket loans to urban and semi-urban retail customers. It provides...
asset finance
business combination
competition commission of india
financial regulation
hinduja leyland finance
india
mergers and acquisitions
nbfc
ndl ventures ltd
regulatory approval
New Delhi, February 17 Digital lending platform Kissht, operated by Onemi Technologies, announced on Tuesday that its NBFC arm, Si Creva Capital Services, has received a credit rating upgrade from Crisil Ratings, reflecting strong business momentum and a healthy capital position.Crisil...
assets under management (aum)
capital raising
corporate finance
credit rating
crisil ratings
digital lending
financial products
india
initial public offering (ipo)
kissht
nbfc
onemi technologies
risk management
si creva capital services
unsecured personal loans
New Delhi, February 17 IIFL Finance Ltd, a NBFC firm, announced on Tuesday that the initial offering of its secured, redeemable, non-convertible debentures (NCDs) had been fully subscribed within the first half of the opening day.This reflects strong investor demand and confidence in the...
New Delhi, February 16 A court here heard the State's arguments on businessman Satya Prakash Bagla's plea for bail in a cheating case involving a Kolkata-based investor, and will continue the hearing on February 18.Additional Sessions Judge Shunali Gupta heard the submissions of the State's...
New Delhi, February 16 Shares of the non-banking financial company (NBFC) Aye Finance ended marginally lower on Monday, marking a subdued market debut against the issue price of Rs 129.The stock is listed at Rs 129 per share on both the NSE and the BSE. During the trading session, it reached a...
aye finance
bse
capital requirements
equity shares
financial markets
india
initial public offering
ipo
market capitalization
micro and small enterprises
mses
nbfc
non-banking financial company
nse
stock market
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 13 A Delhi court heard arguments on Friday regarding businessman Satya Prakash Bagla's plea for bail in a case of alleged fraud against investors.Additional Sessions Judge Shunali Gupta heard the arguments presented by Bagla's counsel and adjourned the remaining...
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...