/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
So, the new unicorn in town is shaking things up in the fintech space.
Groww, the Bengaluru-based mutual fund platform, has decided to enter the big leagues with the announcement of acquiring an asset management company, or AMC in mutual fund parlance. It has entered into a definitive agreement with Indiabulls Housing Finance Ltd to acquire the mutual fund business of its subsidiaries Indiabulls Asset Management Co. Ltd and Indiabulls Trustee Co. Ltd, the trustee of the AMC, for Rs 175 crore (of which Rs 100 crore is in cash).
Let us leave the technicalities and the value of the …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
