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Prudential Corporation Holdings, the joint –venture partner in ICICI Prudential Life Insurance, is planning to sell 3.71 per cent equity or 53.26 million shares in the life insurance firm for a floor price of Rs 300 per share.

Google Pay users can now start investing through the app as the technology firm prepares to launch ‘Gold’ as an investment plan on its platform. This will be the first such move by Google in the buzzy online investment space.

Digital invoice discounting marketplace Invoicemart, its business volume crossed Rs. 2,500 crore on March 19. Invoicemart has over 100 corporate buyers, 23 financiers such as State Bank of India, Bank of Baroda, DBS Bank and Lakshmi Vilas Bank, and has also on-boarded 1,700 participants.

The diversified Centrum Group, which is into wealth management, equity broking and credit business with focus on SME financing and housing, is planning to launch a structured credit fund with an initial corpus of Rs 500 crore shortly.

Deutsche Bank AG is setting up a unit in India to buy and reorganize soured debt as it seeks to profit from an unprecedented bad-loan clean up in the nation with one of the world’s worst non-performing loan ratios. The German bank felt the need to have its own asset reconstruction company to buy and […]

Deutsche Bank and Commerzbank confirmed they were in talks about a merger, prompting labour union concerns about possible job losses and questions from analysts about the merits of a combination.

Wadhawan Global Capital (WGC) has announced that it has entered into a definitive agreement with an affiliate of the Warburg Pincus Group to sell its stake in its education finance subsidiary, Avanse Financial Services Ltd (AFSL). As part of the deal, WGC will sell its entire 49.04 per cent stake in the company.

ICICI Lombard and Mobikwik announced a partnership to offer cyber-insurance cover of Rs 50,000 to protect against online frauds. General insurer ICICI Lombard and digital financial services platform Mobikwik  partnership aims to provide protection against unauthorised and fraudulent transactions online, across bank accounts, debit/credit cards and mobile wallets.

Allahabad Bank, which recently came out of the Prompt Corrective Action (PCA) framework of the Reserve Bank of India, is planning to raise Rs. 500-600 crore through sale of non-core assets next fiscal. The bank is hopeful of raising Rs. 200-300 crore through stake-dilution in its insurance venture, Universal Sompo General Insurance.