Related News

Gold & silver price prediction today: What’s the gold rate outlook for June 19, 2025 – should you buy or sell?

Gold price prediction: For those considering a long position, entering near ₹98,700 with a target of ₹1,01,000 offers a favourable risk-to-reward ratio. (AI image) Gold and silver price prediction: Gold

US Fed keeps rates steady for 4th meet

The US Federal Reserve held interest rates steady on Wednesday and policymakers signalled borrowing costs are still likely to fall this year, but slowed the overall pace of expected future

Air India crisis: Chandra skips Tata Consumer AGM

MUMBAI: Tata Consumer Products chairman N Chandrasekaran skipped the company’s annual shareholder meeting on Wednesday due to exigencies. Non-executive director P B Balaji presided over the meeting in his stead.

Groww to buy Fisdom in $150 million deal

Word Count: 454 | Estimated Reading Time: 3 minutes

BENGALURU: IPO-boundinvestment platform Groww signed an agreement to acquire wealth-tech startup Fisdom in a deal valued at approximately $150 million, people familiar with the matter told TOI. “The deal is entirely cash-based and is expected to close after regulatory approvals,” one of the people said.The transaction marks Groww’s entry into the wealth management and offline advisory space. It follows the company’s acquisition of Indiabulls Asset Management in 2023 as part of its efforts to expand into asset management.Founded in 2015 by Anand Dalmia and Subramanya S V, Fisdom offers investment and advisory products, including mutual funds, stocks, bonds, portfolio management services, and tax-filing solutions. In FY24, Fisdom reported revenue of Rs 84 crore, up 28% year-on-year, while net losses narrowed 19% to Rs 57.4 crore. Groww turned profitable in FY23.

Source link