This makes it the most valued fintech company in the country after Paytm and Walmart-owned PhonePe.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s, with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva made the remarks during her address on 'Confronting the Crisis: Priorities for the Global Economy' in Washington, DC, ahead of next week's annual spring meeting of the International Monetary Fund and the World Bank.
The size of the Indian financial services market could touch around $340 billion in the next few years.
Given the concerns around trade wars that threaten to jeopardise global capital flows as well, attracting foreign capital needs to be a policy priority, says Neelkanth Mishra.
The SP Concept SUV will be the first of the products to be rolled out from the company's plant in Andhra Pradesh, where it has invested USD 1 billion. The plant will have a capacity of 3 lakh units annually.
Investors not stop their SIPs or STPs due to election-related uncertainty.
After auto components major Bosch Ltd, Sundaram-Clayton, Hero MotoCorp now announce temporary production shut down
Singh, a former Army officer, had been ill after a fall at his home in August 2014 and was admitted to the Army Research and Referral Hospital. He had been in and out of the hospital and was admitted again in June this year.
Indian bonds remained volatile over the past week on uncertainties over the maiden offshore sovereign bonds issuance, according to a report by DBS Group Research.
The company is confident that more hotel owners will be keen to associate themselves with the Hilton brand, the second-biggest hotel chain globally after Marriott.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Be well prepared. Support your argument clearly, precisely.
Kwid has been a success in the country with the company having already retailed over 1.65 lakh units of the model since its launch last year.
The company had announced its plan to launch 15 new products in 2015.
In terms of stock selection, India continues to benefit from two phenomena - the big getting bigger and availability of quality stocks in relative abundance compared with its Asian peers.
Talking to media persons after taking charge of the new portfolio, she side-stepped questions about Bharatiya Janata Party president Amit Shah being behind her shift saying it is not individuals but the party who takes such decisions.
The heavy industries ministersaid that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely very soon.
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players.
KCR, as Rao is popularly known, was administered the oath of office and secrecy by Governor E S L Narasimhan at a simple ceremony on the lawns of Raj Bhavan.
Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
Starting today, Modi and top officials in the Prime Minister's Office will be briefed by various central ministries and departments on their plans as well as agenda for the next five years. They will also apprise the PMO of the work they have done so far in realising the agenda of government's second term in office.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Hyundai Motor India will raise prices of its entire product portfolio in the range of Rs 5,000 to Rs 25,000 from Jan 2015.
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
Cola brands look for life in a parallel universe. Global majors Coke and Pepsi are going all out to stock up with health and nutrition offerings.
The company believes that Protinex's current powder form limits the scope of expanding the business and hence, diversification into new categories is essential for its growth.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.
Built on the same platform as the new Honda City, Honda Jazz is modern and pleasing. The styling is not really revolutionary, but its razor-sharp edges give it a very modern look.
Sitharaman's Budget missed deficit target for the third year in a row, pushing shortfall to 3.8 per cent of GDP in the current fiscal as compared to 3.3 per cent previously planned.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
Better stick to equity diversified funds, says Larisssa Fernand
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
