Both NSE and Jio Platforms filed their draft papers in June to raise about ₹30,000-31,500 crore and ₹37,000-37,700 crore, respectively, making them India’s biggest IPOs to date. By comparison, Hyundai India’s IPO in October 2024 raised about ₹27,870 crore, while LIC’s issue in May 2022 was worth ₹20,557 crore. Source link
PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that uses aggregated transaction data to provide hyperlocal, near real-time market insights, as the digital payments company looks to help businesses make ‘smarter decisions’ based on changing consumer and merchant behaviour. The launch comes as companies increasingly seek market intelligence that is more timely, detailed and … Read more
Signs of delay in loan repayment has started to emerge in some segments of business loans even as the overall number suggests higher asset quality. Unsecured business loans to MSME companies which are due for payment for more than 90 days (90+DPD), constituted 7.2% of the total unsecured outstanding business loans, as of March 2026, … Read more
Kotak Mahindra Bank has signed a definitive agreement to acquire Deutsche Bank’s retail banking, private banking and wealth management business in India. The acquisition will add about Rs 29,000 crore in loans, Rs 16,000 crore in deposits and Rs 10,000 cr Investment AUM to Kotak Bank’s balance sheet. The deal will add 150,000 customers and … Read more
HDFC Bank on Friday said an external legal review into concerns raised by former Chairman Atanu Chakraborty’s resignation letter found “no contemporaneous support” for his allegations in board or committee records, meeting materials or related communications. In March, Reuters reported that HDFC Bank appointed two domestic law firms and one U.S.-based law firm to review … Read more
About two months ago, CEO Sachinder Bhinder was asked to leave by CVC Capital Partners, the majority stake owner in Aavas. Now, the Chief Financial Officer (CFO) Ghanshyam Rawat and Chief Risk Officer (CRO) Ashutosh Atre have tendered their resignations. In similarly worded letters, both have cited personal reasons for the resignation. These are two … Read more
Fintech Razorpay has confidentially filed draft papers for an Initial Public Offering (IPO) likely sized at around $600 million, a source aware of the matter told Reuters on Monday (June 15, 2026). The confidential route allows IPO-bound firms to keep their filings private until the launch of the public issue. The Bengaluru-based firm, backed by … Read more
In January 2026, Godrej Industries (GL) had formed a new subsidiary Godrej Investment Ltd (GIL). Now under GIL it has launched group’s wealth management business, Godrej Wealth with a target to build assets under management of Rs 1,00,000 crore by 2031. The platform will focus on HNI clients with investable assets of Rs 2 crore … Read more