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Hela April 13, 2019

BENGALURU | MUMBAI: Flipkart co-founder Sachin Bansal is betting big on the domestic financial services sector as he looks to acquire a majority stake in a Bengaluru-based microfinance firm, two people familiar with the matter said. A successful transaction could also result in Bansal taking the top job at the firm, marking his return to an executive position, the sources said. […]

Hela April 1, 2019

In the last decade or so, there have been umpteen discussions in India about double digit GDP growth and the country joining the league of economic superpowers. However, the persistent question for socio-economic thinkers remains- is the growth benefitting everyone in the society? Our economy is growing but are we progressing as a society? As […]

Hela March 18, 2019

NLC India declares dividend: Board of directors of the company declared an interim dividend of 45.30 percent (Rs 4.53 per equity share) for the financial year 2018-19. Mar 18, 03:22 PM (IST) Essar Steel case: NCLAT directs for implementation of Arcelor resolution plan. NCLAT granted conditional nod to Arcelor’s Rs 42,000 crore bid for company, reported […]

Hela March 10, 2019

India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the third-largest oil consumer. Saudi’s participation in the Indian Strategic Petroleum Reserve program was discussed at a meeting between the kingdom’s Energy Minister Khalid Al-Falih and his Indian counterpart Dharmendra Pradhan in New Delhi […]

Hela February 24, 2019

Barcelona: Chinese smartphone maker Oppo Mobiles on Saturday said it plans to invest USD 1.5 billion in research and development this year with focus on developing 5G as it unveiled its first smartphone on the next generation technology. “Our 2019 R&D investment is budgeted at USD 1.5 billion, focusing on 5G, artificial intelligence, imaging, new material […]

Hela February 22, 2019

NEW DELHI: Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37 per cent, according to a report by Sa-Dhan. The report is based on data provided by 124 microfinance institutions. Combined microcredit portfolio of all lenders […]

Hela February 16, 2019

In the past three years, the amount of personal loan debt Americans are carrying has almost doubled. The total owed on personal loans grew from $76 billion in 2015 to $125.4 billion in mid-2018, according to statistics published by credit bureau TransUnion. The number of personal loans hit 20 million in the second quarter of 2018, compared […]

Hela February 15, 2019

Companies are deploying advanced technologies, like the cloud and artificial intelligence (AI), in a variety of ways. With AI, for example, organizations are finding ways to be more productive, increase speed to market and better engage with customers. These technologies are also increasingly being deployed in the finance function, a trend that is ultimately transforming […]