Naina Sood

The merger could unlock cost-saving opportunities through streamlined operations and improved capital allocation. If managed well, these efficiencies could drive profitability in the long run, according to analysts. But can Slice surmount the legacy NPA challenge after the merger with NESFB?

Existing shareholders Elevar Equity, Elevation Capital, Temasek, and TVS Capital also participated in the round.

However, instead of its core business, Cred is eying stock broking as a natural extension of its anticipated strategy of full-fledged a financial services platform, with broking a part revenue driver

This decision follows allegations from Byju’s lenders, including Blackstone-backed Singapore Topco, that Byju management, including founder Byju Raveendran, were seeking to reduce the edtech's stake to benefit Manipal Education, the largest shareholder in Aakash.

In an exclusive interview, the CEO outlines the company's evolution over years, focusing on diversifying beyond government contracts and tapping into emerging sectors like SaaS, fintech, commerce and digital innovation.

The development follows the approval of a resolution plan for Karkinos Healthcare by NCLT after it entered the Corporate Insolvency Resolution Process (CIRP) in May.

The deal, which is still in the making, is likely to include an ESOP buyback, providing liquidity to employees and early backers.

Kissht, which offers credit to salaried and self-employed individuals, saw a 3.4X jump in FY24 consolidated net profit at Rs 202 crore on a total income of Rs 1,700 crore. Its disbursements surged 54%

The RBI tightened the screws on unsecured lending in the last 15 months, compelling the sector, especially medium digital lenders backed by NBFC parents, to rethink their aggressive lending playbook, while managing delinquencies and cost.

The Gurugram-based MSME lender looks to hit the primary market soon to raise Rs 1,450 crore from the initial share sale, Moneycontrol reported exclusively