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'No Data Access': What Meta's Rs 8,550-Crore Passive Investment Means For CRED
While Meta will not have access to CRED's member data, the partnership could still create strategic opportunities.
Global economy remains fragile despite US-Iran truce, but India has buffers to weather shocks: RBI
Global economic fragility persists despite a US-Iran truce, with risks of renewed inflation and supply disruptions if tensions re-escalate. However, India remains well-positioned due to strong fundamentals like steady growth and anchored inflation. While a weak monsoon poses a domestic challenge, the nation's external sector shows resilience, supported by robust foreign exchange reserves and consistent investment inflows.
Meta appoints Kunal Shah as new WhatsApp boss as part of ₹8,550 crore investment in Cred
Meta Platforms has appointed Kunal Shah to lead WhatsApp following its ₹8,550 crore investment in fintech startup Cred.
Meta Picks Kunal Shah As New WhatsApp Chief As Part Of Rs 8,550 Crore Cred Investment
Under the deal, Meta will acquire an approximately 20% minority stake in CRED.
India's private investment gains overtakes government share post-COVID: Report
Private companies have emerged as the main drivers of investment in India after the pandemic, accounting for 71.3% of project announcements between FY23 and FY26, up from 54.2% in the four years before COVID-19, according to a Bank of Baroda report citing CMIE data.
Info Edge's AI startup portfolio doubles to ₹1,268 cr; overall portfolio tops ₹41,300 cr
Info Edge said its startup investment portfolio is now valued at nearly ₹41,300 crore against a cumulative investment of around ₹4,900 crore across 135 startups, translating into an 8.4x multiple and an estimated gross IRR of about 33%.
Penny Stock Below Rs 5 Announces Expansion Into Digital Solar Solutions To Tap India's Growing Renewable Energy Market; Share Price Locked In 5% Upper Circuit - Dalal Street Investment Journal
Penny Stock Below Rs 5 Announces Expansion Into Digital Solar Solutions To Tap India's Growing Renewable Energy Market; Share Price Locked In 5% Upper CircuitDalal Street Investment Journal
The smartphone is becoming India’s most important financial advisor
India's financial landscape is rapidly digitizing, with smartphones becoming central to everyday money management. Once separate, banking and investment activities now converge on single platforms, making financial planning more accessible. This shift, driven by convenience and proximity, empowers millions entering formal finance to make informed decisions, transforming income into resilience and savings into wealth. The smartphone is emerging as a key guide in this evolution.
11,983% profit! HFCL promoter’s Rs 10 Jio bet may turn into Rs 5,800 crore windfall
Jio Platforms has formally kicked off its IPO journey by filing its DRHP with SEBI, highlighting the extraordinary wealth creation generated for early investors. Among the biggest beneficiaries is HFCL founder Mahendra Nahata, whose investment at ₹10 per share has appreciated nearly 121 times, translating into a staggering 11,983% valuation gain.
Karan Sharma elevated as Avendus' I Banking head
Avendus Group, now majority-owned by Mizuho Securities, has appointed Karan Sharma as its new Managing Director and Head of Investment Banking. Sharma, a 15-year veteran instrumental in building the firm's digital and technology practice, will steer the business's strategic direction and growth. This transition allows co-founder Gaurav Deepak to concentrate on broader strategic priorities and client engagement for Avendus' next growth phase.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Post Mizuho deal, Avendus elevates Karan Sharma to lead investment banking
Karan Sharma's elevation as MD follows Mizuho's acquisition of a controlling stake in Avendus Capital, with CEO Gaurav Deepak stepping back from day-to-day oversight of investment banking franchise.