Category: Finance

Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today announced the opening of its non-U.S. headquarters in Chennai, India, supporting Sagent’s newly incorporated software engineering team resulting from Sagent’s 2022 partnership deal with Mr. Cooper, the third-largest mortgage servicer in America. In 2023, Sagent is selectively adding talent and operations to accelerate its building of cloud-native platforms to power America’s complex $13 trillion mortgage industry.  “Three key Sagent operational milestones this year are hiring Fannie Mae vet Marianne Sullivan as COO, hiring Wells Fargo vet Perry Hilzendeger as EVP, Servicing, and opening our Chennai, India operation to accelerate our ... Read more

Aviva Life Insurance has been ranked as India’s Most Trusted Private Life Insurance brand for the fifth consecutive year, according to the 12th edition of TRA’s Brand Trust Report 2023. Additionally, the company has been ranked sixth in the overall BFSI sector and 73rd in a list of 1000 brands across sectors. Commenting on the recognition, Mr. Vinit Kapahi, Head of Marketing, Aviva Life Insurance, said, “We are honoured to receive this award for the fifth year in a row. This achievement is a reflection of the trust our customers and partners have placed in us. We take immense pride in our customer-centred philosophy and our purpose, ... Read more

Absolute®, a global bioscience company has announced the appointment of Vinit Mishra as the Head of Treasury, Finance, and Insurance, for their global trade finance, Silkroute. With his experience of more than 17 years, Vinit will assist in supervising all aspects of the company’s global trade financial operations, drive business growth and lead the team towards achieving strategic goals At Silkroute, Vinit will oversee and manage the organization’s Treasury, Trade Finance, Risk function, including global trade finance activities, including import and export financing, letters of credit, and trade credit insurance. He will work closely with sales, procurement, legal, and other ... Read more

The Dun & Bradstreet Composite Business Optimism Index stands at 83.1 for Q4 2022, a fall of 12.2% compared to Q4 2021. Five out of six optimism indices have registered a decline compared to Q4 2021. The Dun & Bradstreet Composite Business Optimism Index, which has been measuring the changing business sentiment of India Inc. since 2002, is a leading indicator for India’s overall growth, with a correlation co-efficient of around 80% with the Gross Domestic Product (GDP). Highlights  Optimism for selling prices stands at 41% in Q4 2022 compared to 47% in Q4 2021 Optimism for net profits stands ... Read more

Asian Development Bank (ADB) and IIFL Home Finance Ltd. (IIFL HFL), India’s fastest growing digital first home finance company, organised ‘Kutumb’ event in Delhi discussing scope around green affordable housing in India. They launched ‘Kutumb’ on December 2, 2022, with an event titled ‘Green Affordable Housing Ecosystem’ in Delhi. The event focused on insights based on promotion and propagation of Green Affordable Housing in India, the perspective opportunity of making green affordable housing accessible to all. This required capacity building to empower stakeholders involved at various levels supported by research and innovation to contribute to the dialogue. In February 2022, ... Read more

Samco Asset Management Company (AMC), asset manager of Samco Mutual Fund (Samco MF) has named Chirag Joshi as its Chief Growth Officer (CGO). The SAMCO Group is a diversified wealth-tech company with stock broking, asset management, wealth management and MF distribution being its core business verticals. Chirag Joshi is a management graduate and has a master’s degree in Marketing. He has overall 11 plus years of experience in Marketing & Growth strategies and Sales. Prior to the current assignment, He was CGO at Samco Securities. Chirag has previously worked with brands like Hindustan Times and CNBC-Awaaz. Viraj Gandhi, CEO, Samco ... Read more