Novafusion Capital

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Banking, Fintech & Insurance 16 Oct 2026, 05:02 AM IST

Astranova Mobility arm wins RBI NBFC licence, eyes ₹5,000 crore AUM in five years

Astranova Mobility’s lending subsidiary, Novafusion Capital, has secured Reserve Bank of India approval to operate as a non-banking financial company, giving the group a regulated platform to expand vehicle financing in India’s fast-evolving electric mobility market. The company said it aims to build ₹5,000 crore in assets under management over the next five years, positioning credit as a key enabler of the country’s transition to electric commercial transport.

By RDU Global Wire5 min read

Banking, Fintech & Insurance16 Oct 2026, 05:23 AM IST

Banks Seek RBI Clarification on Forex Measures as Lenders Flag Liquidity, Capital and Pricing Risks

Indian banks have sought detailed clarification from the Reserve Bank of India on the implementation of its new currency-supporting measures, particularly how foreign exchange risk reserves should be calculated and whether they affect liquidity ratios. Lenders are also asking how costs may be passed on to customers, how exposure limits will be assessed, and whether certain cash reserves can be treated as high-quality liquid assets.

5 min readRead →

Banking, Fintech & Insurance16 Oct 2026, 03:19 AM IST

Prem Watsa Says India Is Set to Join Global Capital’s AI and Data Centre Boom

Canadian billionaire Prem Watsa said India is poised to move higher on global investors’ priority lists as capital floods into data centres and artificial intelligence in the United States. His remarks come as the Indian government approved the divestment of a majority stake in IDBI Bank to Fairfax Financial Holdings, underscoring his long-term conviction in India’s economic trajectory. Watsa framed the investment as part of a broader bet on the country’s financial and growth story, not merely a standalone banking transaction.

5 min readRead →

Automotive, EVs & Mobility16 Oct 2026, 03:19 AM IST

Nexedge Capital names ex-Avendus Wealth chief Apurva Sahijwani co-founder to accelerate expansion

Nexedge Capital has appointed Apurva Sahijwani, formerly of Avendus Wealth Management, as co-founder in a move aimed at strengthening its leadership bench and deepening its reach in India’s wealth management market. The firm, which operates across 11 cities and advises more than 1,300 ultra-high-net-worth individuals and families, is positioning the hire as a strategic step in its next phase of growth.

5 min readRead →

Automotive, EVs & Mobility15 Oct 2026, 11:13 PM IST

Nexedge Capital names ex-Avendus Wealth chief Apurva Sahijwani co-founder to accelerate expansion

Nexedge Capital has appointed Apurva Sahijwani, formerly of Avendus Wealth Management, as co-founder in a move aimed at strengthening its leadership bench and deepening its reach in India’s wealth management market. The firm said Sahijwani’s experience will support its expansion as it scales across 11 cities and serves more than 1,300 ultra-high-net-worth individuals and families.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 09:10 PM IST

India’s August balance of payments swings to $45.4 billion surplus on heavy capital inflows

India’s balance of payments recorded a sharp surplus of $45.4 billion in August, reversing a $5.6 billion deficit a year earlier even as the current account remained in deficit. The improvement was driven by stronger net transfers, including remittances, and a surge in capital-account inflows, aided by central bank measures that encouraged foreign-exchange deposits.

4 min readRead →

Startups & Venture Capital15 Oct 2026, 05:44 PM IST

‘We Cannot Wait 75 Years’: ANRF Chief Pushes Patient Capital to Scale India’s Research Multiplier

ANRF CEO Shivkumar Kalyanaraman has outlined a patient-capital framework aimed at accelerating India’s research and development intensity toward 3% of GDP, arguing that the country cannot afford a slow, decades-long climb. The model combines private investment, open intellectual property licensing and national mission programmes to convert research into scalable innovation and commercial outcomes.

6 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Novafusion Capital:

Reserve Bank of India(1)India(1)Astranova Mobility(1)