Warburg Pincus is investing Rs 1,200 crore in Shriram Housing Finance, exceeding its initial commitment by 20%. This follows Warburg Pincus’s Rs 4,630 crore acquisition of the lender, marking the largest housing finance sector M&A deal. The added capital will fuel Shriram Housing Finance’s growth, building on its impressive AUM growth and low NPA ratio.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also