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Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

Backed by Ranjan Pai's family office Claypond Capital and SIDBI's Fund of Funds for Startups, the fund is led by former Premji Invest and...

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...

SaaS startups raise AI budgets, go slow on hiring amid technology shift

From lean teams to smarter tools — AI is reshaping how SaaS startups scale, spend, and staff. As the post-pandemic software-as-a-service (SaaS) landscape stabilizes, a...

India’s Paytm invests $1 million in Brazil-based finance startup Dinie

Indian fintech firm Paytm said its wholly owned subsidiary, Paytm Cloud Technologies, will invest $1 million in Seven Technology LLC to acquire a 25% stake. The deal,...

Ambak, a fintech marketplace for home loans, raises $7 million from investors

Ambak, which claims to be India’s fastest-growing fintech marketplace for home loans, on Tuesday announced it raised $7 million in combined seed and pre-Series...

UPI’s share in India’s digital payments surged to 83%: RBI reports

The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83...

HDFC AMC shares jump 5%. Here are 4 reasons why brokerages are bullish

HDFC AMC share price today, January 15: HDFC AMC shares climb 5% on Q3 profit surge; brokerages maintain positive ratings. Explore market trends and...

RBI takes cautious approach to currency volatility

While the RBI will intervene as needed to manage fluctuations in the rupee, it will not aggressively defend specific exchange rates India's central bank will...

EXPLAINER | How front-running distorts capital markets

SEBI can also impound the monies made as wrongful gains, and has at times held the top management responsible for not having checks in...

Budget 2025: Individuals earning up to Rs 15 lakh a year may get a big tax relief, feel experts

Budget 2025 may bring significant tax relief for individuals earning up to Rs 15 lakh as the Direct Tax Code 2025 aims to simplify...

Capital Infra Trust’s IPO enters day 3 with modest success

The IPO of Capital Infra Trust’s infrastructure investment trust (InvIT) enters day 3 with moderate interest by substring 0.78 times or 78 per cent. Capital Infra...

Private equity investments hit a two-year high at $15 billion in 2024: LSEG Deals Intelligence

Experts attributed this to India’s expanding middle-class population, robust start-up ecosystem and a strong IPO market Private equity investments in India hit a two-year high...

Debt mutual funds may get tax relief on capital gains

The MF industry has also urged the finance ministry to align the capital gains tax rates of debt MF schemes with that of listed...

Canara Bank: What should investors do

Given the track record of the management in achieving the guided figures and comfort in valuation, long-term investors can accumulate the stock in dips. The...

UAE APP scam losses surge 43% to $8.3mn in 2023, report reveals

APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters Authorized push payment (APP) scam losses are on the...

Alif Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sunex Group

The stake acquisition marks Aliph’s entry into the lifestyle sector Alif Capital, the first female-founded private equity fund in the Middle East, announced the acquisition...

Moody’s upgrades rankings for 11 Saudi banks

RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...

Saudi corporate lending fuels bank loans growth to near-2 year high of 12.46%

RIYADH: Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official...

UAE banks record highest return on equity in the GCC

UAE-listed banks once again topped the GCC with the highest return on equity(RoE) at the end of the third quarter of 2024 at 16.8...

Dubai: Traditional banking ‘no longer valid’ as customers now want seamless transactions, says expert

It is not the era of competition but cooperation among banks, fintech and other industry players, a senior industry executive said on Wednesday. Speaking at...

Saudi Central Bank lowers benchmark rate by 25 bps following US Fed decision

RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark by 25 basis points to 5.25 percent. This...

Saudi bank loans reach highest growth rate in 19 months, surpassing $761bn

RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 12.16 percent — the highest in 19...

UAE Central Bank reduces interest rates following US Fed cut

The Central Bank of the UAE on Thursday decided to cut the base rate applicable to the overnight deposit facility (ODF) by 25 basis...

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Don't miss

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

Backed by Ranjan Pai's family office Claypond Capital and...

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

RIYADH: Saudi utility giant ACWA Power has secured an...

SaaS startups raise AI budgets, go slow on hiring amid technology shift

From lean teams to smarter tools — AI is...

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 

RIYADH: Saudi Arabia has overtaken Singapore as the premier...

Saudi crude output hits 8.95m bpd: JODI data 

RIYADH: Saudi Arabia’s crude oil production rose to 8.95...