Canara Bank said it received government approval to raise Rs 5000 million towards tier II capital.
Bank of Baroda (BoB) has made prudential provision of Rs 500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency. Sanjiv Chadha, managing director and chief executive officer of BoB, said the bank identifies issues in advance and makes provisions if required. The Mumbai-based public sector lender has an exposure of Rs 1,300 crore to the troubled airline.
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
In 2014, the e-commerce industry created about half a million jobs.
Muthoot Finance Recently received in-principle approval from RBI to set up White Label ATMs. The company has already chalked out setting up 1,000 such ATMs in the first year and another 8,000 in the next two years.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Hyderabad is one of the ten districts of the Telangana region, affected by the agitation for a separate Telegana state.
India's largest life insurer, Life Insurance Corporation of India (LIC) reported encouraging performance in the January-March quarter (Q4) of FY24. Total annual premium equivalent (APE) was at Rs 21,180 crore, up 10.7 per cent year-on-year (Y-o-Y), with group APE of Rs 3,890 crore, up 60 per cent Y-o-Y, though individual APE contracted 2.1 per cent Y-o-Y. The participatory book contracted 20.2 per cent Y-o-Y, but the non-par grew by 206 per cent to Rs 3,740 crore.
Railways plans to cash in on huge demand to shore up passenger revenues.
Virat Kohli's unmatched aura dominated the Ranji Trophy fixture between Delhi and Railways at the Arun Jaitley Stadium, in Delhi, on Thursday.
The Nasdaq-listed company started selling books online just two months back and has collected good revenue so far. It has made a catalogue of 1.7 million books for its portal, which would caters to all the age groups.
Overall, jobs created in the cities dipped marginally to 550,000.
Infusion of additional capital can fuel the growth of these companies, help them in further geographical expansion to more tier II and tier III cities and also cater to the requirements of rural markets.
WNS, for instance, has 1,200 people in Nashik, a tier II city. It is looking at expanding its presence in tier II cities.
Land parcels acquired for 58 new projects, which are yet to be launched.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
The performance in 2011 (Q4 over Q1), shows that the smaller Indian towns with a population of less than 1 lakh people, led an impressive growth story: 19 per cent in value terms versus 15 per cent in rural India and 12 per cent in the metros.
Tier-II and tier-III towns have a reason to rejoice.
Real estate companies betting big on tier II and tier III markets sold more stock than firms focused on metros.
Rising penetration of trade generic medicines is eating into the value growth of the domestic pharmaceutical market, showed a recent analysis. According to a Kotak Institutional Equities analysis, 70-110 basis points (bps) annual dent is expected from trade generics and Jan Aushadhi on Indian Pharma Market (IPM) growth at least until FY27-28 (see chart). Trade generic medicines are those that are not pushed into the market through doctor promotions.
In an otherwise agriculture- and public health-focused Union Budget 2018-19, artificial intelligence, machine learning, blockchain technology, internet of things -- jargons that found little or no mention in the previous Budgets -- managed to make their presence felt.
Crisil reaffirmed its 'AAA' rating, which reflects the highest degree of safety with regard to timely payment of financial obligations, on the bank's Upper Tier II bonds, Tier I Perpetual bonds and bonds/debentures. Crisil expects the bank's market position to remain strong despite moderating advances growth, because of the 580 new branches it is likely to add in 2009-10, and its wide presence across segments.
Kellogg claims to have cornered 70 per cent market share of the breakfast cereals market in value terms.
The Pension Fund and Regulatory Development Authority has unveiled a savings account scheme under the New Pension Scheme which would allow investors to enter and exit at will. The account, called Tier-II, will be available only to those who have subscribed to Tier-I, which an investor cannot exit till the age of 60. Tier-I, a pension account, was launched in May but has not found too many subscribers in the absence of tax benefits at the time of withdrawal.
Women are increasingly getting active in shopping online by prominently buying lifestyle and electronic items.
In 2020, retail and e-commerce sector will lead the table and is expected to generate 112,000 jobs followed by IT & ITeS (105,500), FMCG (87,500), manufacturing (68,900), BFSI (59,700) and healthcare (98,300), the survey said.
Cotton County, ready-to-wear apparel brand unveils it's Spring Summer' 07 Collection of men's casual wear, semi-formals and attitude wear.
Experts say Tier-II and Tier-III cities and smaller towns have a role to play in growth in smartphone sales. Mritunjay Kapur, managing director, Protiviti Consulting, said, "There is definitely a market in Tier-II, Tier-III and Tier-IV towns. Smartphones are fast becoming important as a business communication tool. This is especially true for sales people, and 'fleet-on-the-street'," he said.
'Almost 75 per cent of our total sales come from the top 50 cities in India.'
Indian banks would require additional Rs 8 lakh crore to meet the minimum capital adequacy under Basel III norms, ratings agency Crisil has said.
Good command of written and spoken English will become one of the most sought after qualities in the Indian manager of the future.
Netmed plans to procure from drug manufacturers and sell to pharmacies it has tie-ups with, and to spread its network to all tier-II and tier-III cities.
The current slump in the automobile sector has delivered a hard knock to component makers -- classified as small and tiny enterprises -- as about 600 manufacturing units in Jamshedpur have shut down operations, while more than 2,000 other units spread across the country are on the verge of closure.
'We are training people to learn AI, machine learning, robotics; it is just new programmes that teach them new things and the raw material, the people, are eager to learn.'
World's largest ice cream chain Baskin Robbins is planning to enter tier II and tier III cities as part of its expansion.
Videocon, Philips and Godrej are reworking strategy to grow their small appliance business. Last year, their focus was on high-end products. This shift to the low-end segment, they believe, will help them maintain their sales growth from Tier-II & Tier-III cities, while simultaneously helping them penetrate into rural areas. Home appliances account for over Rs 50 billion of the Rs 320 billion consumer durable business and is growing at a rate of 10-12 per cent.
'Young working adults between 25 and 34, who are in Indian Tier II and III cities, are leading the charge in terms of crypto adoption.'
There are more opportunities in these cities than smaller ones, say real estate fund managers.
