The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.
Legendary singer Lata Mangeshkar, who was in the intensive care unit of Mumbai's Breach Candy Hospital, passed away on Sunday morning. She was 92.
Facebook-owned messaging platform WhatsApp has been granted permission to double its user base for the payments service to 40 million by the National Payments Corporation of India (NPCI). WhatsApp has a total user base of 400 million and the development will help the platform compete better with entrenched rivals like Google Pay and Phone Pe. The US-based company had been eyeing the payments opportunity for long, but data localisation requirements had initially led to a delay.
Paytm will look to raise up to $1.5 billion as part of primary share sale, leading up to its initial public offering (IPO), which is planned for November, a person familiar with the developments said. The company is looking to file its draft red herring prospectus (DRHP) by July, according to sources. According to this person, though the details of the listing are being worked out, Paytm may take the qualified institutional buyer (QIB) route to list and issue fresh equity to raise funds.
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
When was the last time we heard this government speaking of the disaster in primary education, rather than Ganga cruises and cheetahs? Less money -- Rs 88,000 crore -- was spent by the Union government on education in its last Budget than has been allocated to the Bullet train, notes Aakar Patel.
The presence of more Indian Americans in the team has made the whole community proud.
The Indian doctor who is being questioned was working in a hospital in the western Australian city of Perth since April this year.
So here we are, reproducing our own feature from some time back, which was created, now it may seem, in anticipation of the big event.
While players like Paytm, MobiKwik, and PhonePe allow you to buy gold for Rs 1, Amazon Pay has kept the minimum amount at Rs 5. Digital gold is essentially an avenue for investing in physical gold.
Prime Minister Narendra Modi on Monday was a "happy guest" on his maiden visit to Singapore where he had a vegetarian dinner with his counterpart Lee Hsien Loong and his wife at an Indian restaurant in Little India.
Saffron Asset Advisors, which manages the real estate investments of NYSE Euronext-listed Yatra Capital, is now planning to launch a bouquet of funds focusing on India. The company is aiming at a total corpus of Rs 4,000 crore (Rs 40 billion) in the next couple of years.Starting from real estate, the company will launch sector-specific funds such as healthcare, logistics, infrastructure, hospitality.
The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.
Global equity companies have no plans to put their money in the Indian aviation industry even though the carriers are seeking $2.5 billion in cash for expansion. Most players are looking at investing in into large established airlines, but right now are in the wait and watch mode. It will therefore be difficult for low-cost carriers to get funding. The losses of the Indian aviation sector and high valuation expectations are the reasons why investors are not interested.
In some cases fake degrees and certificates were uncovered.
'We are most bullish on all aspects of the financial sector -- private sector banks, even one state-owned bank, insurance, mortgage finance, broking, wealth management, gold finance, etc.'
Hindustan Petroleum Corporation's upcoming Bathinda refinery in Punjab has forced Indian Oil Corporation to reconsider its plans to expand its refinery at Panipat to 21 mtpa.
Costs on real estate construction are seeing stability.
The association of Mashelkar and Mukesh Ambani is not new.
'It's been fantastic to watch you over the years. Numbers will have their roles and but your real strength is being able to motivate the whole generation.'
India Inc remains strong on foreign investors' radar with the private equity market in the country set to more than triple to nearly $7 billion by 2010, from $2.2 billion last year, a new study shows.
Bangalore has decided to name its international airport after Kempe Gowda, the founder of the city.
'Today, when I look back, our journey together ajooba lagta hai.'
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
Of the 59 IPOs for which the data is available, 36 IPOs received mega responses of more than 10x (of which, six IPOs more than 100x), while eight IPOs were oversubscribed more than 3x.
'I asked him once, 'You are such a big superstar, why are you always on time? I don't see the other stars being on time.' 'He said, 'If you learn how to respect time, time will respect you. Time will never wait for you and you will regret it'.'
The move will establish a level-playing field for domestic investments in start-ups compared to foreign-based sources.
'I have been trying for the past five years to get a government job.'
Aggressive acquisitions & deep pockets fuel real estate competition; experts suggest future partnership
India emerges as a top destination to set up incubators for global firms
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a harvest season like never before.
'When he appeared on Indian Idol, he was on a wheelchair and he had difficulty moving around.' 'It was sad to see him in failing health'.'
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
The power minister briefed the investors on various steps undertaken by the government.
Indian-origin telecom titan Arun Sarin, who is retiring as Vodafone CEO in July, is likely to venture into private equity business and may also join boards of large international companies as a non-executive director.
Global and Indian private equity biggies as well as strategic players are in the race to acquire a minority stake in Excel Soft Technologies, the Mysore headquartered e-learning firm. This six-year-old firm provides a range of customised learner-centric Learning systems, Test & Assessment systems and Desktop tools.
At 235,000 tonnes per annum, Pakistan is the third largest importer of tea in the world as it can't grow tea because of adverse climate conditions. India supplies just about a tenth of tea imported the neighbouring country
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances