Premji Invest eyes Nainital Bank stake; Ranjan Pai may back Rupeek

TL;DR


1. Premji Invest, the investment arm of Wipro founder Azim Premji, is reportedly eyeing a stake in Nainital Bank. The bank is a subsidiary of state-owned Punjab National Bank and the acquisition could be part of Premji Invest's strategy to expand its portfolio in the banking and financial services sector.

2. Ranjan Pai, the chairman of the Manipal Education and Medical Group, is likely to back Rupeek, a digital gold loan platform. Rupeek is seeking to raise $100-150 million in a new funding round, which could see Pai's entry as a new investor in the company.

3. The article also mentions that the morning dispatch covers other news, including updates on the tech industry, startups, and the broader economy. It provides a concise overview of the key developments in the Indian technology and business landscape.

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