AMBIT FINVEST
Daiwa Securities to pick up minority stake in Ambit's arm Ambit Finvest
Leading financial services company Ambit on Tuesday said Daiwa Securities Group will acquire a minority stake in Ambit Finvest, an NBFC subsidiary of the Ambit Group.
How to double your tax saving through ELSS investment without any fresh funds
If you are short on funds to make an investment in ELSS mutual funds for the current financial year, then this trick can help you save tax. Do note that this trick can work provided you have opted for the old tax regime for the current financial year. Read on how this trick works.
Govt may tweak rules for AI firms, LLMs; FY23 financials for Unacademy, Myntra
The amendments, to be notified soon by the IT ministry, could mandate that platforms that use artificially intelligent algorithms or language models to train their machines, are free of biases.
Going public: Leadership & innovation made fintech player Veefin’s IPO click
While SMEs are growing at a faster pace globally, there is an urgent need to plug the large finance gap for them, as small businesses don’t have requisite collateral.
How Ambit Finvest, in partnership with Damco Solutions enhanced their sales productivity
The company Ambit Finvest partnered with Damco Solutions to implement a custom Salesforce solution to help their sales team digitize their sales journey. This mobile-ready, DSA-focused, and geolocation intelligence-based Salesforce solution has helped them reduce their effort by more than 70% for document collection and validation, to track the status of the loan applications and collections in real-time. It also helped manage the performance of the entire feet-on-street sales team and improve intra-team collaboration. From requesting a fresh loan to a go/no-go decision, the time taken was also reduced from several days to a few minutes, which enhanced the customer experience further.
Ambit Finvest partners with Union Bank of India for co-lending to MSMEs
This alliance will ensure underwriting for originations, positively impacting the creditworthiness of MSMEs, in 11 states that are currently covered by Ambit Finvest.
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Tata Sons picks up 43.35% in Tejas Networks, reboots 5G plans
Tata Sons plans to acquire 63.1% stake Tejas Networks, Bengaluru-based telecom product major, that will help it gain access to crucial technology for 5G and 4G telecom gear.
Corporate borrowing costs drop in 2 months
The differential or spread between three-year triple-A-rated bonds and similar-maturity government bonds narrowed to 36 bps versus 126 bps at the beginning of July, show Bloomberg data compiled by ETIG.
Loans against shares now a pricier affair
Interest rates surge by up to 300 basis points on fear of default and crash in share prices.
Stocks in the news: Neogen Chemicals, Vedanta, ZEEL, Vakrangee and RBL Bank
Ambit Capital has maintained sell rating on Bharti Airtel with a target price of Rs 284.
Ranbaxy to ruins: How the Singh brothers turned from business whizkids to fraud accused
This is the story of the sorry fall of an empire that had risen from the ground up in the span of a few decades.
Sebi order throws a spanner into Singh brothers' plans
An enquiry is needed to find out the role of each entity in the alleged fund routing.
Ambit acquires SME lending arm of Finmax
The acquisition of an SME-focused lending business, is a significant tailwind to Ambit Finvest’s strategy to diversify its asset base and create granularity in its lending portfolio.
Is Religare slipping off promoters’ hands?
Holding of the Singh brothers down to an all-time low of 13%
Hrishikesh Parandekar to be Ambit Finvest & Ambit Private Wealth's CEO
Hrishikesh Parandekar, 42, is an alumnus of IIM Ahmedabad, where he was awarded the President's Gold Medal for graduating at the top of his class.
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