Budget 2021-22: Good news for financial services sector
Disinvestment targets seem to be more realistic while a certain amount of scrutiny needs to be paid to inflation and the only way out is speedy growth for the country.
Maj Invest buys 18% equity in SAVE Solutions for $16mn
SAVE Solutions intends to use the funds to expand its direct lending through subsidiaries SAVE Microfinance and SAVE Financial Services.
CasaOne raises $50mn from Credit Suisse
The furniture rental firm will use the proceeds to support its overall business growth as well as its expansion into newer categories.
Ola Financial Services gets $27mn from Falcon Edge, Matrix Partners
The Bengaluru based firm looks to bet on financial services to diversify beyond its core ride-hailing business.
City of London eyes closer post-Brexit relations with India
The future trading relationship negotiations with the UK will be intricate and complex, says the Policy Chair of the City of London Corporation. Highlights: Global markets need global standards, making mutual access between the UK and EU financial services sectors crucial. Brexit will also determine the UK’s future trading relationships with its biggest partners such as India. The UK-India Joint Trade Review, an only one of its kind the UK has with any other country, will lay the framework for [...]
Pathway to create sustainable impact at scale
The CEO of a prominent social enterprise lists the several avenues they have created to empower women from low-income households and the strategy that drives these initiatives. Highlights: The foundation has created the Grameen Mittra model to overcome barriers faced by low-income people at different stages of their adoption journey. These are typically young women from the rural community who are recruited, trained and enabled to work as a micro-franchisee. They also created the Grameen Impact Venture (GIV), a social [...]
Indian market all set for a good growth curve
Adeeb Ahamed is the Managing Director of LuLu Financial Group, Tablez and Twenty14 Holdings. In this interview with ‘India Global Business’, he talks through his entrepreneurial vision, worldwide expansion plans and the impact of his Indian ethos on his decision-making. Twenty14 Holdings recently announced a major hospitality tie-up in Switzerland. Please give some details and other worldwide plans of the group. We have entered into a forward purchase contract with Swiss real estate developer Necron AG to develop a brand-new [...]
India is already looking to the opportunities of Brexit
Charles Bowman, the former Lord Mayor of London in charge of nurturing lucrative investments for the City, delves into his recent FinTech delegation to India, overcoming Brexit concerns to ensure London’s enduring attraction as a financial hub for Indian companies and opening up areas such as payments, regtech, insuretech and blockchain for India-UK tie-ups. What are some of the highlights from your recent fintech delegation to India? My visit to India is one that will live long in my memories [...]
How GIFT City plans to boost foreign investments in India
The Gujarat International Finance Tec-City envisages a global financial hub on the lines of Singapore, London and Dubai that will offer stiff competition to these cities. Gujarat International Finance Tec-City, which goes by the acronym, is planned, as the name suggests, as an international financial services centre on the lines of Singapore and Dubai against which it is being benchmarked. A brainchild of Indian Prime Minister Narendra Modi, it is India's first operational smart city and international financial services centre [...]
Financial Reforms in India – A New Era
A financial expert delves into how reforms in the sector are set to transform the Indian economy. The last few years have been a seminal period for the Indian economy, not only in terms of the overall progress on the macroeconomic front, but more importantly in the structural reforms undertaken, many of which will have deep-rooted, long-term effects. Be it the Insolvency & Bankruptcy Code (IBC), Demonetisation or Goods and Services Tax (GST), each of these reforms has targeted a [...]