A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
Each region in India has its own culinary narrative that speaks through its distinct dishes. Each cuisine packs within itself, textures, layers, ideas and historical nuggets so that all of Indian food cannot be pigeonholed together to say that there is one Indian cuisine. A fascinating extract from Sonal Ved's Whose Samosa Is It Anyway?.
The case goes back to 2014, where the diamond merchant had pleaded guilty, though indirectly, for mis-declaration of exports of diamonds.
Rashmi Rocket suffers from overcrowding. Through its runtime of nearly two hours, it hints at too many issues without sinking its teeth into any, observes Deepti Patwardhan.
'We have focused on profitable revenue, cash generating businesses, throughout our journey.'
Most Indian IT firms work as system integrators for Huawei and though the exposure is very less as of now, the potential is more due to 5G roll out. As pressure to keep the Chinese firm out of the 5G network grows, other global firms, including Japan's NEC, South Korea's Samsung, Finland's Nokia and Sweden's Ericssion are increasing their investments to grab more market share in the telecom sector.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
It designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
E-KYCs and Aadhaar authentication are of crucial importance to the fin-tech companies as the recent RBI instructions require strict KYCs for these players to function in the market.
Watal panel had suggested an independent payments regulator be set up.
Reliance has a 24 per cent conversion rate of 'oil-to-chemicals' at present and may be targeting 70 per cent conversion.
'She dwarfs every known politician of recent times with her imperious aura, iron will, tremendous drive, dauntless pursuit of goals she set before herself, ability to capture the people's imagination and unshakeable grip over her party and government,' says B S Raghavan, the distinguished civil servant.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
Chennai Super Kings, Kolkata Knight Riders and Delhi Capitals confirmed that they are preparing a roster of net bowlers.
Joginder Tuteja lists 10 romantic movies playing on OTT that you can watch with your date.
"It is going to be the most complex mission ever undertaken by ISRO. It is going to take place between July 9 and 16, this year," Sivan said, addressing scientists from the Mission Control Centre.
Bangladesh know the odds are stacked against them beating India in Thursday's World Cup quarter-final at the Melbourne Cricket Ground. If history and current form are any guide, India should win in a canter.
Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
Tikait's tears galvanised people, as on Saturday a large number of farmers and other supporters came to the protest site at the Delhi-UP border from not just his home state of Uttar Pradesh but from Punjab, Rajasthan and Uttarakhand as well to show solidarity with the movement.
Yes. Whilst public expenditure is kicking in, the key reason is the decline in private investment
With the unanticipated floods across Tamil Nadu catching the unprepared administration unawares, Stalin finds that some of the early positives that had rubbed on his initiatives have been lost, observes N Sathiya Moorthy.
The wholesale food index rose 2.88 per cent year-on-year.
India needs 1.4 million hotel beds a night but has only 2.4 lakh, points out Rahul Pandit, MD and CEO of Ginger Hotels.
To land a job in a competitive field, graduates must go beyond the obvious and prepare extensively, adbises Vijay Gupta, director-global human resources, Rahi Sytems, a global IT services and solutions company.
An independent scientific analysis released by Greenpeace India has revealed major flaws in the Genetically Modified corn's biosafety assessment process.
Fresher hiring is expected to more than double compared to last year.
The landing on the moon near the South Pole, an uncharted territory so far, would be on September 6 or 7, Sivan told reporters, as the Indian space agency is all set to embark on its most complex mission.
One of the best stories coming out of Bihar is about a place where Chandragupta Maurya, Buddha, Ashoka, Sher Shah Suri and India's Mona Lisa meet.
The Bharatiya Janata Party and the Congress have launched their theme songs for the election campaign which presented a picture in contrast: while the BJP had its "Modi-versus-All" pitch with more than a dash of hyper nationalism, the Congress focused on political economy with basic minimum income and justice for all. As the campaigning heats up, here's how both the parties stacked up -- musically.
The latest Hyundai i20 is an exciting car, given the overall drive experience, transmission, ride quality and tech. And while it may not be as low cost as a Maruti or come with the "heavy German steel-feel" of the Volkswagen, it does carve out a niche for itself at pole position with a combination of technology, styling, drive and ride comfort, and low cost of ownership, says Pavan Lall.
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
How many Tests has India won in South Africa? Who first captained India in South Africa in 1992-1993? Rajneesh Gupta answers all your questions.
Is anyone in the BJP listening -- to what Nitin Gadkari had to say, but possibly left unsaid? asks N Sathiya Moorthy.
'You will never be able to do any work for society if you wait to make enough money.'
'Given that he would have a good understanding of how many jobs the economy can create at the moment, was Modi hailing the modest pakoda-seller to infuse some charm in self-employment?' asks Udit Misra.
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
'Industry realises we cannot overly depend on imports from anywhere including China.'
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
