Page 8 - Jaden Mathew Paul

SFBs ready with systems to make the transition, say CEOs at BS BFSI Summit

SFBs have a talent pool of senior managers with over 20 years of experience, ensuring robust succession planning for a professionally managed bank.

Reliance Power clears debt of Rosa Power focusing on green energy growth

Rosa Power operates a 1,200 megawatt (MW) coal-based thermal plant in Uttar Pradesh and had earlier, in September, cleared Rs 833 crore of its debt

QubeHealth gets pre-series A funding from Unicorn India & CanBank VC

The investment positions QubeHealth for its upcoming Series A round, targeting $9 million at a valuation of Rs 270 crore

APAC private debt rises, India raises $2.3 bn in Q3 alone: Report

APAC private capital fundraising hits five-year low: Preqin report

Suzlon Energy Q2FY25 results: Net profit rises 96% at Rs 200 crore

The renewable energy major's net profit was recorded at Rs 200.20 crore for Q2FY25, missing analyst estimates

VC in India funding up 50% in Q1-Q3 2024 on increased big-ticket deals

A total of 883 deals were announced between January and September 2024, marking a 7.3 per cent rise in deal volume compared to the same period in 2023

Nvidia AI summit: Experts stress need for sovereign AI systems, strategies

Pramod Varma, chief architect of Aadhaar and UPI, echoed the importance of viewing data as an economic asset

Outbound M&A by Indian firms to rise on back of strong balance sheets: Citi

The last two years have been transformative for investment banking in India, not just in terms of the volume of activity, but also the quality of deals and their impact on businesses

Mega project builders in J&K assess risks, but no immediate alarm

51 major infra projects worth Rs 1.16 trillion ongoing in the region

Employee grievances at India's top companies up 30% in FY24, shows data

BSE50 companies reported 8,468 complaints

Early-stage VC firm 8i Ventures scores 12X return on M2P Fintech exit

The fintech startup's evolution from a card-issuing platform to a broader banking-as-a-service (BaaS) provider helped drive the returns

BPEA Credit rebrands to Ascertis Credit, expands focus on Asia markets

The firm has raised four funds and invested over $1 billion in performing credit, primarily focusing on India and Southeast Asia

Suzlon gets Jindal Renewables wind plant deal for green steel production

Project is the largest commercial and industrial wind energy order in India, say companies

Tata Tech-BMW form 50:50 JV to focus on software-driven solutions

The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles

India, UAE to set up food corridor with $2 billion initial funding

The UAE's investments into India are expected to increase as the bilateral investment treaty (BIT), signed in August, takes effect

Inflexor Ventures aims to raise Rs 1,200-1,700 cr for its third fund

VC firm to expand investments in India's technology sector, 'build on success' of previous funds

BSE 100 companies boost R&D spending, but innovation challenges persist

R&D spend grows 152% in 5 years to Rs 63,072 crore in FY24

Reliance Power to raise Rs 4,198 crore through convertible bonds

The announcement follows Reliance Power's recent progress towards becoming debt-free, with its subsidiary Rosa Power prepaying Rs 850 crore to Värde Partners in September

Upstox delivers 10x returns to Ratan Tata following partial stake sale

Earlier this year, Upstox's CEO indicated that company is aiming for a public listing within next 2-3 yrs. Upstox is valued at $3.5 bn and currently has a user base of about 1.3 cr, as per statement

Peak XV Partners cuts $2.8 bn fund by 16% on mkt valuation concerns

The firm underlined its long-term commitment to India and Southeast Asia, citing strong portfolio performance and an optimistic outlook for the region