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RBI's clean-up is forcing a rethink of NBFC-fintech co-lending models

New Delhi, Dec. 18 -- Co-lending relationships between regulated lenders such as banks and non-banking finance companies (NBFCs) on one side, and fintech firms on the other, are expected to change sig... Read More


Mint Explainer | Why Aakash's Rs.250-crore fundraise is now a proxy fight over Byju's ownership

New Delhi, Dec. 1 -- Crisis-hit Aakash Educational Services Ltd (AESL) thought a Rs.250-crore rights issue would be its big reset after senior exits and a swing to losses in FY23. The test-prep chain,... Read More


PayU India turns Ebitda positive in Jul-Sep qtr

Bengaluru, Nov. 25 -- Payment services provider PayU India turned profitable in the September quarter, with adjusted Ebitda turning positive at $3 million from a loss of $6 million a year ago largely ... Read More


Advent sells entire 2% stake in Aditya Birla Capital for Rs.1,640 crore via block deal

BENGALURU, Oct. 29 -- US private equity firm Advent International Corp. on Wednesday sold its entire 2% stake in Aditya Birla Capital Ltd (ABCL) via a block deal, raising about Rs.1,638-1,640 crore. ... Read More