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Edelweiss ramps up mutual fund biz, to now acquire Ambit Alpha Fund for undisclosed sum

Sep 22, 2016

Edelweiss ramps up mutual fund biz, to now acquire Ambit Alpha Fund for undisclosed sum

Edelweiss group entity has agreed to acquire Ambit Alpha Fund, a category III Alternate Investment Fund with an AUM of over Rs 1,100 crore #JP Morgan #Mutual Funds #financial services #AUM #Alternate Investment Funds #Edelweiss Asset Management #Edelweiss group #Ambit Alpha Fund #Rashesh Shah
October rate cut 'alive' if August CPI is at 5%: Citigroup

Sep 06, 2016

October rate cut 'alive' if August CPI is at 5%: Citigroup

On the policy stance, the report stated that chances of an October rate cut are "alive" and a 5 per cent August CPI print will open up possibility of a 25 bps rate reduction as the upside risks outlined by RBI to its March 2017 CPI target will be substantially diminished #Citigroup #Raghuram Rajan #RBI Governor #financial services #Rate cut #Urjit Patel #August CPI inflation #October policy
Piramal Enterprises gets board approval to raise up to Rs 300 crore via NCDs

Jun 10, 2016

Piramal Enterprises gets board approval to raise up to Rs 300 crore via NCDs

The committee approved the issue of secured non-convertible debentures aggregating up to Rs 300 crore on a private placement basis #BSE #Healthcare #financial services #Piramal Enterprises #non-convertible debentures #NCDs
Uber makes foray into financial services, launches car leasing unit

Jul 30, 2015

Uber makes foray into financial services, launches car leasing unit

The move by Uber, announced as a pilot project on Wednesday, follows the end of its partnership with Banco Santander's US lending unit earlier this year. #financial services #Uber #car leasing unit #pilot project
Budget 2015: For economy to grow at 7.5%, financial sector should grow 20%, says E&Y's Abizer Diwanji

Feb 20, 2015

Budget 2015: For economy to grow at 7.5%, financial sector should grow 20%, says E&Y's Abizer Diwanji

Boosting financial services sector is critical to ensure sustainable growth of the economy and the budget needs to incentivize the growth of the financial services sector, says Abizer Diwanji, Head of financial services, at EY. #Economy #India #financial services #Budget #Budget2015 #Interview Budget 2015 #Finance Budget 2015 #Podcast Budget 2015
World Bank arm IFC inks $1 mn pact with Airtel for mobile financial services in Zambia

Aug 19, 2014

World Bank arm IFC inks $1 mn pact with Airtel for mobile financial services in Zambia

The project is part of the partnership for financial inclusion, a $37.4 million joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance mobile financial services in Sub-Saharan Africa.
#Bharti Airtel #financial services #Zambia #IFC
Majority of capital market firms don't have Big data strategy: Study

Aug 13, 2014

Majority of capital market firms don't have Big data strategy: Study

Respondents cite inadequate technical knowledge as the most commonly encountered challenge during a big data project, highlighting the need for appropriately skilled staff to implement such a strategy. #Survey #financial services #Thomson Reuters #Big Data #capital market #capital market firms
 Intuit of US buys out Jaipur-based tax solutions firm KDK Software

Jul 30, 2014

Intuit of US buys out Jaipur-based tax solutions firm KDK Software

The buyout has marked the entry of the American firm to the local financial services market. Intuit primarily operates in the areas of offering business and management service solutions for small companies. Post the India acquisition, Intuit will have operations in seven countries.
#deal #US #financial services #Jaipur #Acquisition #Intuit #KDS Software