Unsecured lending may now see much slower growth for few months

New Delhi (IANS) With many new players entering the unsecured lending segment, specifically dependent on app-based lending, the segment may now see a much slower growth for at least a few months, Motilal Oswal Financial Services said in a report.

Primary market splurge - Five issues on offer, choose wisely

New Delhi (IANS) The Diwali week continued bringing good tidings for investors and Dalal Street even after ‘Muhurat’ trading on Sunday the 12th of November. The week saw gains on two of the four trading sessions but the weekly gains were much bigger…

Adani Group junks charges of favouritism in Dharavi revamp project’s TDR ‘benefits’

Mumbai (IANS) The Adani Group on Saturday denied allegations of irregularities in the Maharashtra government’s recent notification pertaining to modifications in the Development Control (DC) rules for the ambitious Dharavi Redevelopment Project (DRP).

United India Insurance logs Rs 204.30 cr profit for Q2

Chennai (IANS) Concluding the turnaround story of the three public sector general insurers, United India Insurance Company Ltd has declared a net profit of Rs 204.30 crore for the second quarter of FY24 from a loss of Rs 347.44 crore logged during…

RBI approves Hinduja Group entity acquisition of Reliance Capital

Mumbai (IANS) The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday.

The move finally clears the path for Hinduja Group entity -- IndusInd International Holdings Ltd (IIHL) -- to acquire the company.

50% of investment portfolios of venture capitalists from smaller cities by 2025: Experts

Thiruvananthapuram ( IANS) Fifty per cent of the investment portfolios of all venture capitalists would be from Tier II and III cities of India by 2025, Anil Joshi, managing partner of Unicorn India Ventures said.

Joshi was speaking at a panel…

SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery

New Delhi (IANS) Japanese investment giant SoftBank is going to sell its stake worth $150 million in logistics firm Delhivery, media reported on Thursday.

According to Moneycontrol, citing sources, SoftBank is likely to sell the shares which…

Several top large-cap stocks have hardly given any returns in past 2-3 yrs

New Delhi (IANS) Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a report.

“The outcome of various events in the…

ONGC looking at investing Rs 1 lakh crore to set up 2 petrochemicals units

New Delhi (IANS) Government-owned upstream oil giant ONGC is looking at investing around Rs 1 lakh crore to diversify into the manufacturing of petrochemicals to move up the value chain from crude oil, senior company executives said in a conference…

Centre launches funding scheme for startups, MSMEs

New Delhi (IANS) The Union Ministry of Mines announced on Wednesday that it has decided to fund research and innovation in startups and MSMEs in the mining, mineral processing, metallurgy and recycling sector (S&T-PRISM) and has brought out guidelines…