Topics: Economy

“GDP growth is expected to hover around the mid-single-digit zone,” Says Siddhartha Sanyal of Bandhan Bank

Speaking on the Q1FY22 GDP numbers, Siddhartha Sanyal, Chief Economist and Head of Research at Bandhan Bank said, "The 20.1% year-on-year growth in GDP...

Neo Banking — It’s relevance in preventing digital identity fraud

Today, banking has become all about convenience and pace. With an emphasis on technology to enhance user experience with frictionless operations and tailor-made banking...

Importance of E-Commerce as a Study Program in Today’s Business World

When it comes to today's business platform, E-commerce is a blazing commodity that is continually and diversely modifying the idea of business operations. The...

Access to Digital Lending: The boost required for growth of the MSME economy in India

According to industry experts, India is home to around 6.3 crore MSMEs, contributing over 29% to the country's GDP through domestic and international trade....

We Founder Circle infuses fresh funds in three agri-tech startups

We Founder Circle (WFC) on Monday said, "It has successfully participated in three agri-tech startups with a total investment worth of $2.5 Million." "While We...

Eyewear retailer ClearDekho plans to open 200+ stores by 2022

India-based eyewear retailer ClearDekho has announced its plan to open more than 200 stores and expand across 100+ cities by the end of this...

ACCA’s report lays down a roadmap for MSMEs to navigate their recovery

Micro, Small, and Medium Enterprises (MSMEs) are the growth drivers of the Indian economy and play a critical role in the equitable socio-economic development...

We Founder Circle: To fund over 10 startups in the current quarter

Founders-led investment platform for early-stage startups, We Founder Circle (WFC), has announced its plan to invest in over 10 startups within the first quarter...

KKR invests $95 mn in eyewear retailer LensKart

India-based omnichannel retailer LensKart has raised $95 million from KKR under definitive agreement via secondary stake acquisition. "Upon the completion of the transaction, KKR will...

SNVA Ventures contributing to UK-India Trade Agreement 2021

In an increasingly global world, free trade agreements can be a critical and progressive step toward increased international integration, and they are becoming increasingly...

Timely & proactive set of announcements for all stakeholders: CH. S.S Mallikarjuna Rao, MD & CEO, PNB

RBI has come out with a timely and proactive set of announcements for all stakeholders, including individuals, small businesses, and MSMEs, to mitigate the...

Relief measures for MSME, Individuals couldn’t be more timely: Ramesh Iyer, MD & VC, Mahindra Finance

Speaking on the announcement made by the Reserve Bank of India (RBI) on reopening of one-time restructuring for Individuals, and MSMEs till September 20,...

Reopening of on-time restructuring for individuals & MSME is a great relief

The RBI's announcement of re-opening one-time restructuring for individuals and MSMEs till September 30, comes as a great relief.  Further in cases where, individual borrowers...

Bharat Petroleum Corporation Ltd, Accenture teams up to digitize sales and distribution network

India's largest oil and gas company, Bharat Petroleum Corporation Ltd (BPCL) has announced its partnership with Accenture to digitize its sales and distribution network. "As...

Paytm Payments Bank books over 900mn digital transactions in March

Paytm Payment Bank Limited (PPBL) on Tuesday said, "It has registered over 900 million digital transactions in March 2021." "The growth in digital transactions was...

Piyush Goyal: Cabinet approves Rs 10,900 crore PLI Scheme for the food processing sector

The Union Cabinet has approved the Rs 10,900 crore as incentives under the Production Link Incentives (PLI) Scheme for the food processing industry. "Headed by...

Hero MotoCorp total sale increased by 1.49% in February

Two-wheeler maker Hero MotoCorp has reported an increase of 1.45 percent in its total sales for February at 5,05,467 units compared to 4,98,242 units...

Insurtech startup Symbo raises $9.4 mn in Series A funding

Singapore Headquartered Insurtech startup Symbol Platform Holdings has raised $9.4 million in series A round funding led by CreditEase Fintech Investment Fund, and Think...

NMIMS Hyderabad signs Letter of Intent with FICCI Telangana and AP state council

In a bid to strengthen the research infrastructure for the development of Industry and academia in Telangana and Andhra Pradesh. SVKM's NMIMS Hyderabad campus...

Former Governor of Bank of England Carney joins Stripe board

U.S.-based digital payment company Stripe Inc has announced the appointment of former governor of Bank of England (BOE), and Canadian Central Bank Mark Carney...

UAE signs $1.3 billion defense deal

The United Arab Emirates (UAE) has signed a defense contract worth 5 billion dirhams (approx $1.3 billion) from local and international companies. Speaking on the...

India signs $50 mn defense LoC agreement with the Maldives

Indian External Affairs Minister, S Jaishankar on his two days visit here to the Maldives on Saturday said, "India has signed a $50 million...

S Jaishankar: India offers $40 mn LoC to Maldives

In an effort to boost the sports infrastructure, Indian External Minister S Jaishankar has offered a $40 million in Line of Credit to the...

The impact of technology on Small to Medium size enterprises

The current business landscape across the globe is being led by digital technologies that are transforming the way systems and processes work. Business concepts...

Payment Council hails RBI’s Master Directions on Digital Payments Security Controls to promote payment security

The Payments Council of India (PCI), the largest industry body for digital payments ecosystem in India welcomed the Master Directions on Digital Payments Security...

Arvind Fashion to attract Rs 200 crore via rights issue

Textile Company Arvind Fashion on Thursday said, "Its committee of directors has approved raising around Rs 200 crore through a rights issue." In a filing...

Adani Port completes acquisition of Dighi Port for Rs 705 crore

Adani Port and Special Economic Zone have said, "It has completed the acquisition of Dighi Port for Rs 705 crore, and will invest over...

Govt receives Rs 310 cr by releasing shares in the Engineers India buyback program

Department of Investment and Management Secretary Tuhin Kanta Pandey on Tuesday said, "The Indian Government has received Rs 310 crore by releasing its shares...

FarEye to hire over 100 techies globally

Leading logistics platform FarEye has announced to expand its global technology team by hiring over 100 techies in India and North America this year. Commenting...

NIIFL commits to invest $100 mn from New Development Bank into NIIF Fund of Funds

The National Investment and Infrastructure Fund Ltd (NIIFL) has said, "It will invest $100 million from the New Development Bank (NDB) into the NIIF...

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