"We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion," says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere.
The Election Commission, the ultimate symbol of Indian democracy, has flagged off the great Election Race. Rediff.com's Uttam Ghosh offers his quirky take on the mind-boggling electoral exercise.
Corporate India is embarking on an ambitious investment drive, with capital expenditure (capex) expected to double to $850 billion over the next five years, according to a report by S&P Global Ratings. Indian power & transmission, airlines, and green hydrogen sectors would spearhead the spending, the report said.
Global trends, tariff-related updates and trading activity of foreign investors would be the key drivers for the equity market movement this week, analysts said. Markets witnessed a strong rebound last week, with the benchmark indices surging over 4 per cent.
Disha Ravi is yet another addition to a growing list of young activists who the Delhi police have arrested since last year on various charges that have yet to be proved in a court of law.
Uttam Ghosh offers his take on Union Minister Anurag Thakur's incendiary slogan.
If pharmaceutical exports from India to the US come under a 25 per cent tariff bracket, the impact on earnings before interest, tax, depreciation and amortisation (Ebitda) could be around 5 per cent, felt analysts. This is after assuming that about 75 per cent of the tariff would be passed on.
The time is up for the over three-decades-old business model with the advent of artificial intelligence, HCL Technologies' chief executive C Vijayakumar said on Monday. Speaking at industry lobby grouping Nasscom's annual NTLF event in Mumbai, Vijayakumar said companies need to be "paranoid", given the wide-ranging impact of AI and stressed that this attitude will help them to be relevant and grow. "I strongly believe that the business model is ripe for disruption.
'What we see now is a much stronger need for data sovereignty.'
US accounts for a large part of revenue for top Indian pharma companies like Gland Pharma (54 percent), Dr Reddy's (53 per cent), and Aurobindo Pharma (48 per cent).
The election campaign in Uttar Pradesh -- the most important election of the year -- is on.
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
'It flows through families, caste groups, and local WhatsApp communities where trust is personal.' 'Children are taught to defer to elders, so if a parent or uncle forwards something, you don't question it.'
Uttam Ghosh offers his take on the shocking media treatment of a young woman whose only crime appears to be loving a young man who decided to take his life
Uttam's take on AAP's landslide victory in Delhi.
The overall number of frauds, including those related to loan accounts and digital payments, jumped by three times in FY25, primarily due to reclassification of 122 cases as per a Supreme Court order, the Reserve Bank said on Thursday. The fraud value jumped to Rs 36,014 crore in FY25, up from Rs 12,230 crore in the previous fiscal year, while the number of fraud cases went down to 23,953 in FY25 from 36,060 in FY24.
Indian information technology (IT) service providers are expected to deliver low single-digit sequential growth in the first quarter (April-June) of 2025-26 (FY26), even as macroeconomic uncertainties continue to persist due to the volatile geopolitical environment.
Uttam Ghosh offers his take on the capital's smog and deteriorating air quality at a time when the Delhi government and the Centre bicker daily on other issues.
Uttam Ghosh offer his take on the Pragya Thakur controversy.
These super-rich Indians intend to reside in their chosen host country permanently while retaining their Indian citizenship.
The Bombay High Court has ruled that a spouse threatening or attempting to commit suicide amounts to 'cruelty' and is a valid ground for divorce. The court upheld a family court's decision to dissolve a marriage where the husband alleged his wife threatened to send him and his family to jail by committing suicide. The court found that the husband's claim of cruelty was supported by evidence, including the wife's attempt to end her life.
Uttam Ghosh/Rediff.com offers his take on the outrage triggered by Goa's minister Ramesh Tawadkar who called homosexuality a 'problem that needed treatment.'
With the interest rate cut cycle nearing its end, several debt fund managers are shifting their focus towards interest income rather than betting on duration in anticipation of capital gains.
Following the return of senior Uttar Pradesh minister Azam Khan's stolen buffaloes, Rediff.com's Uttam Ghosh offers his perspective.
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global market trends are also likely to influence sentiments, traders said.
Uttam Ghosh/Rediff.com offers his unique perspective on the media overkill around the Sheena Bora case.
The Reserve Bank on Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices.
Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries also helped in market recovery.
With the BJP expected to win about 100 seats -- just eight more than a simple majority in the 182-member Gujarat assembly and a steep decline from its 2012 tally of 115 seats -- Uttam Ghosh wonders whatever happened to Narendra D Modi and Amit A Shah's loud boast of winning 150 plus seats in the 2017 election?
The Indian pharmaceutical industry is likely to benefit from a major wave of patent expiries in the US, as small-molecule drugs worth $63.7 billion are expected to go off-patent between 2025-29, a 65 per cent rise over the previous five years, according to a report by Antique stock broking limited.
'It must become faceless, just as the entire direct tax assessment system has already become fully online, without any human intervention in the normal course,' recommends A K Bhattacharya.
Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports.
The US Fed interest rate decision, global trends, tariff-related developments and trading activity of foreign investors will drive the equity market movement this week, analysts said. Among macroeconomic data announcement, WPI inflation for February is scheduled to be announced on Monday.
As Trade Minister Anand Sharma resists the WTO's attempts to nix India's food security initiative, Rediff.com's Uttam Ghosh offers his perspective.
Uttam Ghosh/Rediff.com offers his take on the split between the Bharatiya Janata Party and the Shiv Sena.
The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years. The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25. The minister said that model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.
Uttam Ghosh offers his take on the strange decision to not allow Question Hour in Parliament at a time when the government has forced lakhs of students to answer questions in the JEE and NEET exams, citing no danger from the coronavirus.
Call it bad luck or sheer irony, Ravindra Jadeja was part of three Indian Premier League franchises that were mired in controversy. Uttam Ghosh/Rediff.com looks at the lighter side of things
The Reserve Bank of India on Friday permitted banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
