SATCO Capital Markets manages about Rs 80 crore in AUM (assets under management) in SATCO Growth & Momentum Portfolio. The PMS business has delivered a 21.6% CAGR since its inception. Kaushik Dani, who is currently...
EY calls off plan to split audit, consulting units
Accounting firm EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses that was meant to address regulatory concerns over potential conflicts of...
Reliance Capital resolution process deadline may be extended
Lenders of debt-ridden Reliance Capital (RCap) may consider extending the deadline for completing the resolution process till May 30 this year, sources said. The current deadline ends on April 16. Considering the fact...
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon...
Edelweiss Financial Services to raise ₹400 crore via NCD issue
Edelweiss Financial Services Limited (EFSL) launched the second tranche of Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹400 crore. The proceeds will be used to pare debt and for general corporate...
PhonePe calls off deal to acquire ZestMoney
After months of running due diligence, PhonePe, one of India’s leading fintechs and the biggest player in the UPI market, has turned on its heels and walked away from a potential deal with cash-strapped buy-now-pay...
Investors to decide on demerger of RIL’s finserv arm
Reliance Industries Ltd has initiated the process for the demerger of its financial services business and will hold a meeting of secured and unsecured creditors, and shareholders on 2 May to get the mandatory approvals...
RBI approves merger of three L&T Finance Holdings units
L&T Finance Holdings Limited (LTFHL) said that the Reserve Bank of India has approved merger of its three subsidiary lending entities – L&T Finance Limited, L&T Infra Credit Limited and L&T Mutual...
NARCL set to acquire debt of Dharani Sugars
The government-owned National Asset Reconstruction Company (NARCL) is set to acquire the debt of Dharani Sugars and Chemicals before the end of this financial year, two people aware of the development said...
RCap insolvency case: Setback for Torrent as SC refuses to stay NCLAT order
The Supreme Court on Monday refused to stay the order by National Company Law Appellate Tribunal (NCLAT) on another round of auction for the debt-ridden Reliance Capital undergoing an insolvency process. The Torrent...
China’s DCP Capital aims to sell Singapore tech firm MFS for at least $550 mln – sources
Chinese private equity firm DCP Capital aims to sell its Singaporean portfolio firm MFS Technology, which makes flexible printed circuit boards, for at least $550 million, two people with knowledge of the matter told...
PhonePe raises $200Mn in additional funding from Walmart
PhonePe, one of India’s largest fintech platforms, today announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding comes as a part of...
