Singapore’s sovereign wealth fund GIC, existing investor Tiger Global tapped, according to sources in the know. Groww, which started as a direct mutual funds distributor, is currently the largest stockbroker in the country in terms of active clients.
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IndusInd Bank has enlisted Egon Zehnder to find a new CEO and deputy CEO, following accounting issues and an RBI decision that limited current CEO Sumant Kathpalia’s term to one year. They aim to submit a list of candidates by…
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Vi has suggested some alternatives to the government to address the securitisation requirement, including setting it off against excess payments made in the past or BGs or cash deposits furnished towards regulatory compliance.
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Accounting firm PwC has been fined £4.5 million (approximately $5.8 million USD) by Britain’s Financial Reporting Council (FRC). The fine relates to PwC’s audit of Wyelands Bank’s financial records for the year 2019. The FRC announced the sanction in a…
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Zepto is in talks to sell up to USD 250 million in shares, aiming to increase Indian ownership ahead of a potential IPO. This secondary sale, involving private equity firms Motilal Oswal and Edelweiss, will help boost Indian investor stakes…
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Amid concerns about the impact of US tariffs, CII urges companies to focus on enhancing competitiveness. Jamshyd Godrej emphasizes the need to scale up manufacturing to match China. Indian industry needs to break free from tariff fixation and improve manufacturing’s…
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