Fairfax India Holdings Corporation (Fairfax India), a longstanding investor in IIFL Finance Limited (the company), has announced its commitment to provide liquidity support amidst the recent Reserve Bank of India (RBI) embargo effective March 5, 2024, on the company’s gold loan disbursements. The RBI’s embargo has raised liquidity concerns amongst the company’s investors and lenders.…
Fairfax India Holdings Corporation (Fairfax India), an investment holding company, announced that it has appointed R. William (Bill) McFarland as an independent director. McFarland spent most of his career at PricewaterhouseCoopers (PwC) Canada and was admitted to the partnership in 1992. While at PwC (Canada), McFarland was also a member of the executive team and…
On the occasion of 71st Republic Day, the Government of India announced the list of prestigious Padma Awards naming 118 people as recipients. Among these awardees, 11 business leaders were also honored for their contribution to the trade and industry of the country. The recipients are eminent personalities from fields of art, trade and industry,…
Insur-tech startup Digit Insurance recently announced that it will raise $84mn in external funding. The investment will be made by growth equity investors A91 Partners, Faering Capital and TVS Capital. Digit has sought approval from the Insurance Regulatory and Development Authority of India to raise the sum. This is the first time the Bangalore-based startup…