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News and Trends

RBI Gives Merger Approval of Fincare Small Finance Bank with AU Small Finance Bank

The merger will go into effect on April 1, 2024. AU would gain a presence in southern India and an entry into microfinance with the deal. The merged bank will have 2334 branches and AU's gross advances are Rs 67,624 crore.

News and Trends

TPSSL And Union Bank Renew Partnership To Boost Rooftop Solar Adoption

This renewed three-year agreement includes both residential and C&I segments compared to the earlier one which focused only on C&I segment and resulted in the financing of approx. INR 165 crore for the segment.

News and Trends

Tata Motors To Demerge Businesses

Tata Motors' will demerge into two separate listed companies for CV and PV businesses, aiming to simplify the structure

News and Trends

Exly Secures USD 6.2 Mn Funding Led by Chiratae Ventures and Others

Gurugram and California-based Exly aims to deploy the raised funds for product development, customer acquisition and empowering entrepreneurs to maximise earnings.

News and Trends

Edtech Startup Educational Initiatives Raises INR 166 Cr from HCL Group

The Bengaluru-based edtech firm wants to grow in Saudi Arabia, Kenya, Ghana, and South Africa. Additionally, it is seeking to acquire edtech product companies focused on improving learning outcomes.

News and Trends

Ananya Birla's Svatantra Microfin Receives USD 230 Mn from Advent International and Multiples

Mumbai-based Svatantra offers financial and non-financial solutions to women entrepreneurs in India.