India Business News: HYDERABAD: Sustainable circularity startup Recykal has secured a Rs 110 crore (around $13 million) pre-series B investment from a Category II scheme m.
Back on October 6, the RBI Governor Shaktikanta Das spoke about the need for banks to tighten lending norms. Certain components of personal loans are, however, recording very high growth.
Manipal Groups Ranjan Pai, who has been in the news for bailing out troubled startups such as Byju s and PharmEasy, is putting together a team to capitalise on attractive valuations. This and more in todays ETtech Morning Dispatch.
Claypond Capital, Pai s family office, is in talks with veteran banker Shyam Powar to head the family investment office as the Manipal chief sharpens his focus on the internet economy.
Singapore sovereign wealth fund Temasek is selling 8-9% of its stake in Manipal Hospitals to Abu Dhabi fund Mubadala and Brunei Investment Authority. Temasek will continue to hold a 51% stake in the hospital chain. The sale is part of Temasek s portfolio rebalancing strategy and could potentially help Manipal Hospitals in the future with large-scale expansion opportunities.