Financial & Equity Services

Swiss-Asia through its affiliate Griffin Growth Fund VCC sold the shares of ABFRL on the NSENew Delhi: Financial services company Swiss-Asia Holding Pte on Wednesday offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail Ltd...

UPI is projected to account for 90% of the total transaction volume in retail digital payments over the next five yearsNew Delhi: Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27,...

Revamped credit guarantee schemes for MSMEs will enable additional collateral-free credit of Rs 2 lakh crore to them while the cost of credit will be reduced by 1% New Delhi: Finance minister Nirmala Sitharama, in her budget 2023 speech on...

The open offer starts on February 21 and closes on March 6 and it will aggregate to a total consideration of Rs 38.56 crore over the full acceptanceNew Delhi: Two Reliance group firms - Reliance Consumer Products Ltd (RCPL) and Reliance...

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to IndiaNew Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

CEO and co-founder of e-commerce roll-up UpScalio Gautam Kshatriya explains how his company acquires startups and then nurtures them to grow New Delhi: The rollup e-commerce wave has hit India in the recent years. The space, where small firms are...

There are several factors to consider when evaluating the readiness of the e-commerce industry for the adoption of cryptocurrenciesBy Prayag SinghThe e-commerce industry has come a long way since the early days of the internet, and it has continued...

Snapdeal withdraws IPO plan to issue fresh equity shares amid weak market conditions, it might reconsider in the futureNew Delhi: E-commerce player Snapdeal has deferred its plan for IPO through which it was planning to issue fresh equity shares...

Lavazza is the third foreign brand the private equity firm Everstone has signed for India after Burger King and Subway New Delhi: Private equity firm Everstone Capital has signed a franchisee agreement with Italy-based Luigi Lavazza S.p.A to open Lavazza-branded...

Lavazza is the third foreign brand the private equity firm Everstone has signed for India after Burger King and Subway New Delhi: Private equity firm Everstone Capital has signed a franchisee agreement with Italy-based Luigi Lavazza S.p.A to open Lavazza-branded...

Electrical supplies and home appliances brand V-Guard plans to acquire Delhi-based Sunflame Enterprises to unlock synergy benefits Mumbai: Electrical and home appliances player V-Guard Industries on Friday said it will acquire Sunflame Enterprises for Rs 660 crore in an all-cash...

Homegrown-FMCG company Marico to acquire Vietnam-based Beauty x Corporation in an all-cash deal to expand its presence in VietnamNew Delhi: Marico on Friday said it will acquire Vietnam-based Beauty X Corporation, which owns female personal care brands 'Purit de...

Credit will be offered through purchase cards. Arzooo aims to roll out over one lakh such cards over the next 12 monthsBengaluru: HDFC Bank partners with retail tech platform Arzooo to launch purchase cards that have been exclusively designed for...

Hemant Kumar Ruia CFO Indus Towers Hemant has been appointed as a CFO at Indus Towers. He is a Chartered Accountant, Chartered Financial Analyst, and Cost Accountant with 23 years of extensive experience in Business partnering, Finance, Treasury, Accounts, Budgeting, Taxation, Insurance,...