 "M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.")
M2P Fintech, a banking infrastructure company, recently announced it has raised Rs 850 crore in its series D funding round, with a valuation exceeding Rs 6,550 crore. The round was led by Helios Investment Partners and included existing investor Flourish Ventures. The funds will support M2P’s operations in India and aid its expansion into Africa, ...
In a recent statement during his visit to Gorakhpur, Uttar Pradesh Chief Minister Yogi Adityanath addressed the ongoing legal dispute surrounding the Gyanvapi complex in Varanasi. He asserted that Gyanvapi represents Baba Vishwanath himself, reigniting the controversial debate over whether it is a temple or a mosque. His comments have stirred reactions from both Muslim ...
 "India’s Bond Market Set to Shift as RBI Eyes Rate Cuts and Demand Rises")
ICICI Prudential Life Insurance is set to increase its investments in longer-duration federal government bonds, including the benchmark 10-year bonds, due to a favorable demand-supply scenario. Ketan Parikh, the head of fixed income investments, noted that the company’s long-term focus aligns well with investing in these longer-term bonds. As India’s fiscal deficit drives borrowing, the ...
 "SMFG India Credit Eyes Rs 60,000 Crore AUM with Branch Expansion")
Sumitomo Mitsui Financial Group (SMFG) India Credit is on track to increase its assets under management (AUM) to Rs 60,000 crore by the end of the financial year 2024-25, up from Rs 45,000 crore last year. The company has recently expanded its branch network, adding 300 new branches mostly in Tier 2 cities and rural ...
 "Adani Wilmar Eyes Expansion: Billion Acquisition Drive in FMCG Sector")
Adani Wilmar is set to enhance its presence in India’s packaged consumer goods Market with plans to acquire three food companies, backed by a $1 billion acquisition fund. This strategy focuses on brands that specialize in spices, ready-to-cook foods, and packaged edibles, aiming to increase revenue from consumer sectors to 25-30%. The company has already ...
 "Surge in Mumbai Property Registrations: Government Eyes ₹1,050 Crore Windfall")
In August 2024, property registrations in the Mumbai municipal region are projected to rise by 7 percent, reaching approximately 11,650 units, according to Knight Frank India. This marks an increase from 10,902 registrations in August 2023, reflecting strong demand in both the primary and secondary property markets. The Maharashtra government is expected to generate over ...
 "UBS Offloads ₹4,961 Crore in Shares; Eyes Bandhan Bank’s Future")
UBS Group AG, a Swiss financial giant, recently sold shares in seven companies, including Oil India and Dixon Technologies, for a total of Rs 4,961 crore through open Market transactions on the National Stock Exchange (NSE). UBS Principal Capital Asia was the main vehicle for these transactions, offloading significant shares in companies like Rail Vikas ...
Asian stock markets edged upwards today, as investors continue to anticipate interest rate cuts, with all eyes on the Reserve Bank of Australia’s upcoming decision. Read more about how this optimism is shaping Market trends on Investing.com. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post ...
