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Global PE firms, local investors eye stake in Bank of Baroda's credit card arm: Report

The (EOIs) were submitted earlier this month and are now being reviewed by the bank to shortlist names for the second phase of the process, which will be opened for a limited number of bidders.

Baroda , Gujarat , India , Japan , Carlyle-group , Bob-financial-solutions , Ge-group , Renuka-ramnath , Multiples-alternate-asset-management , Expression-of-interest , Bank-of-baroda-bob-

Moneycontrol Selects: Top stories this morning

Our specially curated package of the big stories to help you stay at the top of your game.

Baroda , Gujarat , India , China , Bengaluru , Karnataka , Japan , Anand-rathi , Disney , Walt-disney-co , Bob-financial-solutions , Mankind-pharma-ltd

Grapevine: Carlyle mulls stake in BoB arm; TVS ILP likely to raise funds

Global private equity firm Carlyle Group is among others in the race to pick up a 49% stake in Bank of Baroda’s credit card arm ......

Karnataka , India , Madhya-pradesh , Japan , United-kingdom , Baroda , Gujarat , Finland , Japanese , Carlyle-group , Bob-financial-solutions

Yulu launches 2 electric two-wheelers in partnership with Bajaj Auto

Following the partnership with Bajaj Auto, Yulu expects a significant reduction in costs, with an improvement in its operating metrics and financials

Delhi , India , Mumbai , Maharashtra , Bengaluru , Karnataka , Amit-gupta , Anuj-tewari , Bajaj-auto , Ather-energy , Magna-international-inc , Magna-international

VUCA 2.0: Not a 'new normal' but a 'no normal' world

VUCA 2.0: Not a 'new normal' but a 'no normal' world
adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.

Hindustan , India-general- , India , Mumbai , Maharashtra , Nitin-paranjpe , Renuka-ramnath , Shantanu-khosla , Suresh-narayanan , Adani-wilmar , Raja-rajamannar , Procter-gamblecompany

Business leader share strategies on navigating the current environment at third edition of ISA Global CEO Conference

The theme of this year’s conference was "VUCA 2.0: Transforming Organisations and Brands"

Hindustan , India-general- , India , Mumbai , Maharashtra , Nitin-paranjpe , Renuka-ramnath , Shantanu-khosla , Suresh-narayanan , Adani-wilmar , Raja-rajamannar , Sunil-kataria

Vastu Housing Finance appoints veteran banker Vishu Ramachandran as Independent Director

Mumbai (Maharashtra) [India], August 17 (ANI/BusinessWire India): Vastu Housing Finance Corporation Limited, one of the country's leading digital-first housing finance companies has announced the appointment of Vishu Ramachandran on its Board as an Independent Director. Ramachandran is a globally acclaimed banker with hands-on experience in retail banking, risk management, operations, digital transformations, strategy, and corporate finance. He has worked for more than 35 years at Standard Chartered Bank in significant leadership roles and has been at the forefront of building the bank's franchise across Asia, the Middle East, and the African region. He is currently serving as a Non-Executive Board Member, Chairman of Board Risk Committee, Member of Audit Committee at Standard Chartered Bank Singapore Ltd. (SCBSL), and as the Board Chairman at Go Pik Connect Private Limited. Ramachandran is a Chartered Accountant from the Institute of Chartered Accountants of India and a graduate in Economics and Statistics from the University of Mumbai. Commenting on the appointment, Renuka Ramnath, Founder, MD, and CEO of Multiples Alternate Asset Management, and Chairperson, Vastu Housing Finance Corporation said, "We are very excited to have Vishu joining the Vastu Board, a global leader in banking. His wealth of experience of over three decades in various functions and geographies is unique, especially his forte in digital transformations. In Vishu, Vastu has found a perfect partner on its board in this ever-evolving space of digital-first housing finance." Sandeep Menon, Founder, MD and CEO, Vastu Housing Finance Corporation, said, "Currently Vastu is at an inflection point where we have built a strong franchise with great people, tech and best-in-class asset quality. Our focus will continue to remain on building a high-quality sustainable, scalable, predictable and profitable portfolio while adopting strong technology innovation, which has always been centric to Vastu's growth. I had the privilege of working under Vishu's leadership and learning from him extensively. It is an honour and priviledge to welcome Vishu on Vastu's Board. We at Vastu, are looking forward to learning from his vast global experience across all aspects of retail banking to support the continued growth story." On his appointment, Vishu Ramachandran said, "I am delighted and privileged to join the distinguished and illustrious Board of Vastu Housing Finance. The business Sandeep Menon, Sujay Patil, and their team have successfully built in a short span of time and the impact the company has created are highly impressive. India's financial services industry is transforming at a rapid pace across many dimensions. I see incredible opportunities for Vastu in this emerging world." Niren Shah, Managing Director, Head of Norwest Venture Partners India said, "Norwest is delighted to welcome Vishu Ramachandran as an Independent Director on the board of Vastu Housing. We believe Vishu is a tremendous addition to an already world-class board and that Vastu will gain immensely from Vishu's extensive experience and deep understanding of the Indian consumer finance markets." Backed by investors like Multiples Alternate Asset Management, Norwest Venture Partners, Creation Investments, IIFL Asset Management, Pramod Bhasin and Vikram Gandhi, Vastu has a consolidated asset under management (AUM) of c. INR 4100 crores as of July 2022. Vastu's Board members include Shyamala Gopinath, Vijay Kumar, Natrajan Ramakrishna, Rajasekhara Reddy, Sudhir Variyar, Tyler Day. For more details, visit https://www.vastuhfc.com/team This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

Mumbai , Maharashtra , India , Singapore , Sudhir-variyar , Shyamala-gopinath , Vishu-ramachandran , Renuka-ramnath , Vikram-gandhi , Niren-shah , Sujay-patil , Pramod-bhasin

Weekly rundown: Auxano, B Capital launch new funds; Shiprocket, upGrad make acquisitions

Even as start-up fundraising continues to remain in a slumber, a handful of early-stage start-ups have raised new funds this week.

Mumbai , Maharashtra , India , Bodhi , Haryana , James-murdoch-lupa , Shanti-mohan , Pramath-raj-sinha , Uday-shankar , Vikas-choudhury , Arvind-omnichannel , Sudhi-herle

Indian neobank startup Niyo raises $30m from PE firm Multiples

Niyo Solutions has raised $30 million from PE firm Multiples Alternate Asset Management, less than five months after securing $100 million.

Niyo-solutions , Multiples-alternate-asset-management , Alternate-asset-management , Vastu-housing-finance , Dream-sports ,

Neobanking startup Niyo raises $30 million from PE firm Multiples!

learn everything you need to know about the 30 million dollars investment made by PE firm Multiples in neobanking platform, Niyo!

India , Kishu-inu , Virender-bisht , Vinay-bagri , Nithya-easwaran , Equitas-small-finance-bank , Finney-solutions , Multiples-alternate-asset-management , Managing-director , Yes-bank , Equitas-small-finance ,