KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions
The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously
Along with making the process completely online, Sebi has suggested measures for reducing cost
While within the rules, experts not convinced by buyback move of fintech firms
Small businesses-focused fintech player NeoGrowth has raised Rs 300 crore from Dutch entrepreneurial development bank FMO along with existing investors. Of the fresh equity capital, Rs 160 crore has been pumped in by the Dutch lender, NeoGrowth said in a statement on Thursday. The money will be used for on-lending and entering new markets, it added. NeoGrowth is also backed by Omidyar Network, Lightrock, Khosla Impact, Accion Frontier Inclusion FundQuona Capital, IIFL Seed Ventures Fund, WestBridge, and Leapfrog Investments. It has Rs 1,600 crore of assets under management and is connected with over 1.5 lakh MSMEs. So far, it has disbursed over USD 1 billion in loans, said MD & CEO Arun Nayyar. Peter Maila, co-chief investment officer at FMO, said NeoGrowth has been a debt client of FMO since 2017 and this is the first equity investment by FMO into the company. The equity allocation was not disclosed by the companies. NeoGrowth offers loans to first-time entrepreneurs, women ...
Even seasoned investors should bet only 5-10% on such securities
The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds
Less than 2% of such shares with IEPF make their way back to investors, shows data before Lok Sabha
Leading stock exchange BSE on Tuesday said it has added 1 crore registered investor accounts to its platform in a span of 148 days, taking the total count to 12 crore. The exchange added one crore investors' accounts between July 18 and December 13, BSE said in a statement. In comparison, the exchange took 124, 91, 85 and 107 days for the previous milestones of 11 crore, 10 crore, 9 crore and 8 crore, respectively. "BSE crossed the milestone of 12 crore registered users based on Unique Client Code (UCC) on December 13, 2022," the exchange said. Of the 12 crore users, 42 per cent fall in the 30 to 40 age brackets, followed by 23 per cent in 20-30 years and 11 per cent in the 40-50 age bracket. In terms of states, Maharashtra leads in terms of investors with a share of 20 per cent of the total 12 crore investors. This was followed by Gujarat at 10 per cent, Uttar Pradesh at 9 per cent and Rajasthan and Tamil Nadu at 6 per cent each. The exchange did not specify how many of these ..
Investors remained on the sidelines ahead of industrial production and retail inflation data scheduled to be announced after market hours, traders said
Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves
In a Q&A, Victor Fedeli says several top Indian companies are continuing to build their presence in the Canadian province despite concerns of tighter global financial conditions
The quantum raised through Tier 2 bonds is set to rise much further in coming days as Axis Bank is slated to sell Rs 12,000 crore of such instruments on Friday
Lock into one-two year FDs and continue laddering, say experts
The winners are judged on their ability to deliver returns, strategy, innovation, technology and product & services in their respective geographies in the last 12 months
The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said
CM Shivraj Singh Chouhan said MP's policy of providing facilities to investors was the best in the country. The state government has committed itself to extending full cooperation to investors
The summit had drawn interest from local businesses, in addition to a number of those from India and outside
Lock into attractive yields being offered by target maturity funds of three-five-year maturity
Investors need to be cautious and look beyond market highs