Investing

Aims to on-board 1 mn investors and clock AUM of ₹10 Bn by FY23 with expected returns of 10-12% p.a. ● First P2P player to offer hyper-diversification of funds as low as INR 1 per borrower● Advanced AI & ML to minimise defaults and ensure platform-level uniformity in portfolio performance● Being non-market-linked, investment offering to be immune from market volatility● Marginalised...

Consolidated total income : ₹ 15,888 crore  14%Consolidated profit after tax : ₹ 1,309 crore  57% A meeting of the Board of Directors of Bajaj Finserv Limited was held today to consider and approve theresults for Q1 FY23.Details about BFS, the businesses carried by its subsidiaries, its group structure and GAAP followed, areincluded at the end of this...

Highest ever consolidated quarterly profit after tax of ₹ 2,596 crore in Q1 FY23 Assets under management crossed a milestone of ₹ 200,000 crore in Q1 FY23 and stoodat ₹ 204,018 crore as of 30 June 2022.A meeting of the Board of Directors of Bajaj Finance Limited (BFL) was held today to considerand approve the unaudited standalone and consolidated results...

Disbursements Rose by 82% YoY to INR 8,726 Cr PAT up 60.9% to INR 354 CrMumbai, July 27, 2022: Shriram City Union Finance Ltd. (Shriram City), a leading financier toSmall Business Enterprises and India’s largest two-wheeler financer (based on number of 2Wfinanced) and part of the Shriram Group announced the financial results for Q1FY23 today. Ona consolidated basis, the...

India, July 27, 2022: Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, today announced a follow-on investment in current portfolio company, Lucro Plastecycle Private Limited (Lucro). The additional capital is expected to allow the company to triple its capacity in order to meet the growing demand for its products. Created...

Avg. prices of plots on Yamuna Expressway were INR 1,600/sft in 2019 - now up to INR 2,200/sft; plot prices also rose in Greater Noida West (36%) & Neharpar in Faridabad (29%)Among the major 7 cities, NCR’s top 3 localities saw maximum rise in average plot pricesCOVID-19 strengthened demand for land for long-term investment, plotted developments also gain traction in Bengaluru, Hyderabad,...

Mumbai…July 21, 2022: India's leading early learning ed-tech platform Creative Galileo today announced it has raised $7.5 million in a Series A funding round from Kalaari Capital, Affirma Capital, East Ventures, Valiant Employee Investment Fund, and angel investors. This brings Creative Galileo's total funding to $10 million, including a pre-series A round of $ 2.5 million announced in October last year.  With...

distribution of proceeds to its AIF investors  To distribute 20% of its outstanding units in the second round The distribution comes much ahead of the actual maturity dates Investors of Emkay Emerging Stars Fund to receive pay-outs of INR 236 crorecumulativelyMumbai, July 20, 2022: Emkay Investment Managers Ltd, the asset management arm of EmkayGlobal Financial Services Ltd has today...

NBFCs near-term growth: ICRA ·       AUM growth for NBFC (excluding NBFC-IFC) and HFCs was better than expectations at 9.5% in FY2022. ·       NCD issuances by NBFCs and HFCs in Q1 FY2023 hit a multi-quarter low with the same being ~28% lower than Q1 FY2022 and 65% lower than Q1 FY2021. ·       Incremental funding requirement largely met through bank borrowings as bank interest rates were favourable...

 Bengaluru July 2022  : CoinSwitch, India’s leading Crypto investing app, in association with Startup Karnataka, a Karnataka Government initiative, and Tejasvi Surya, Member of Parliament (Bangalore South), is organizing a blockchain hackathon, Building Future Cities, to recognize and stimulate blockchain-based solutions to everyday problems faced by India’s 1.2 billion people. The hackathon is also supported by Sequoia India. Centered around the themes of...