MUMBAI: Dutch technology investor Prosus will use a mix of investments and acquisitions to bolster its play in India, where it is seeking to build a portfolio worth $50 billion in the years to come, Group CEO Fabricio Bloisi, who took over the top job in July last year, said.The firm’s approach will not be…
MUMBAI: RBI has acknowledged that government’s ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has “demonstrably reduced the potential losses” it might face when offering emergency liquidity assistance (ELA), warranting lower capital buffers for these entities.In other words, govt-owned lenders…
NEW DELHI: From combing regulations at the Centre and in the states to make it easier for companies to invest, tailoring packages, and making investment pitches to global corporations, govt is seeking to ensure that foreign direct investment (FDI) flows into the country remain strong.India saw FDI inflows increase by 13.6% to $81 billion, and…
CHENNAI: Stress in the sector has left microfinance institutions bleeding. Listed MFIs have either reported a loss or a substantial decrease in their profits in the March quarter. This comes on the back of multiple factors including deterioration in asset quality, rising credit costs, borrower overleveraging and rising borrower overlaps that impacted the performance of…
NEW DELHI: In a major upset in the Indian smartphone market, Apple overtook Chinese giant Xiaomi in sales during the first quarter of this year, cracking the Top 5 ranking in terms of market share.While Apple has gained from rising demand for its premium iPhones, the fall for Xiaomi – which is now ranked sixth…
Bharti Airtel has reached out to Reliance Jio and Vodafone Idea (VIL) with a proposal for a joint industry initiative to combat the rising menace of telecom fraud and scams, the company has informed the government and the Telecom Regulatory Authority of India (Trai).In separate communications to the telecom firms, Airtel highlighted alarming data showing…
Reliance General Insurance, a subsidiary of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), posted a 12.5% increase in net profit to Rs 315 crore for the financial year ended March 2025, as the company recovers from nearly three years under insolvency proceedings.The company’s Gross Direct Premium (GDP) rose 7.4% year-on-year to Rs…
India’s renewable energy sector has seen remarkable growth over the past decade, with installed green energy capacity surging to 232 GW from 75.52 GW in March 2014, .This threefold increase signifies the country’s emergence as a global leader in clean energy. Notably, solar power has driven much of this transformation. Solar energy capacity has grown…
Representative image (AI) A recent World Bank study has found that Pakistan’s General Sales Tax (GST) is a major contributor to rising poverty levels, while targeted cash transfer schemes such as the Benazir Income Support Programme (BISP) are helping reduce inequality.Titled “The Effects of Taxes and Transfers on Inequality and Poverty in Pakistan,” the report…
The jute industry is pinning its hopes on the upcoming Expert Committee on Jute (ECJ) meeting, scheduled for June 3 in Kolkata, as it grapples with high raw jute prices, delayed crop arrivals, and tight supply conditions.The ECJ, under the Ministry of Textiles, will review the raw jute and mesta supply-demand situation for 2024–25 and…
