Shares of Reliance Capital Ltd on Tuesday tumbled 5 per cent to its lower circuit limit, a day after the Reserve Bank superseded the board of the Anil Ambani promoted company. Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. It has businesses in asset management, [...]
Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]
Insurance behemoth Life Insurance Corporation of India will raise its stake in private sector lender Kotak Mahindra Bank to nearly 10 per cent, after receiving a grant of approval from the Reserve Bank of India (RBI). This is also subject to SEBI regulations, Foreign Exchange Management Act among others. Life Insurance Corporation of India (LIC) [...]
FinTech startup slice has raised USD 220 million in a Series B round that values the company at over USD one billion, making it India’s newest unicorn. The round was led by investors Tiger Global and New York-based global private equity and venture capital Insight Partners. New and existing investors including Advent International’s Sunley House [...]
New Delhi, Nov 28 (PTI) Digital payments and financial services firm Paytm has claimed that large merchants of its competitors are now switching to its platform and it is seeing a big opportunity in capturing mid-level market and start-up community with its payment products, a top official said during earnings call of the company. Paytm [...]
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