Housing finance company Aviom has raised USD 30 million (over Rs 246 crore) in a funding round through a mix of primary and secondary investments by Nuveen, a global investment manager. The company is focused on affordable housing sector and the funding will help in expanding its loan book and widen its operations to newer [...]
The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange's (NSE) investor protection fund till March 2023. In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and [...]
Billionaire Anil Agarwal's Vedanta Resources Ltd has debt servicing obligations of about USD 3 billion, including interest, in the current fiscal, S&P Global Ratings said on Monday, estimating that the natural resources company will likely have enough liquidity until December 2023. In a statement, S&P said Vedanta is close to securing about USD 1 billion [...]
Indian real estate witnessed steady demand during January-March with housing sales rising by 1 per cent and gross office space leasing growing by 5 per cent year-on-year across eight major cities, Knight Frank India said on Monday. Housing prices rose in the range of 1-7 per cent annually in the first quarter of this calendar [...]
Union Health Minister Mansukh Mandaviya on Monday said consumers will save around Rs 3,500 crore annually with the government capping the prices of the majority of essential medicines, hitting out at Congress President Mallikarjun Kharge. On Sunday Kharge had taken a swipe at Prime Minister Narendra Modi over a reported hike in prices of some [...]
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed on Monday. These unclaimed deposits belong to 10.24 crore accounts transferred to the Reserve Bank of India [...]
Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors. With this funding round, the company said it has raised capital of Rs 48.4 crore in 2022-23 (including warrants of Rs 3.36 crore) [...]
Axis Bank in partnership with Visa on Monday launched an app that will empower merchants to accept payments through various digital modes and also enable them to manage their day-to-day business digitally. The app 'Digital Dukaan' has been specifically designed to address business requirements such as accepting digital payments, inventory management and billing, among others, [...]
Global banking group Standard Chartered on Monday said it has closed an operating lease of five new Boeing 737 MAX 8 aircraft with domestic carrier Akasa Air. While the bank already provides Akasa Air with corporate banking solutions and services, this is the first aviation finance transaction with the airline, Standard Chartered said in a [...]
Nainital Bank, a subsidiary of public sector lender Bank of Baroda (BoB), on Monday said it has raised around Rs 100 crore through a rights issue to meet future capital requirements. BoB holds 98.57 per cent stake in Nainital Bank. The amount was raised on March 29, 2023, Nainital Bank said in a statement. Nainital [...]
