Category Archives: Business

Adani Capital acquires Essel Finance’s MSME lending business

Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business. Through the acquisition, Adani Capital has secured a loan book of around ₹145 crore, operating out of 10 cities, comprising approximately 1,100 customers and 40 employees. This is the second asset Read More

What were the top business stories of 2019?

In 2019, global trade tensions, political upheaval on the streets of Hong Kong, indecision over Brexit and a litany of corporate scandals dominated the business news agenda. Executives lost their jobs, bankers were sent home, and big corporate names from Nissan and Boeing to Topshop and Whirlpool wrestled with threats to their reputations. Here, month-by-month, is a countdown of the Read More

EXCLUSIVE: India’s top trending business tycoons of 2019, according to Google⁠

India is home to 953 billionaires and family business tycoons who have shaped the Indian economy and, in many ways, the society that is a picture of inequality. Yet, from the Tatas to the Birlas and the Ambanis, top corporate leaders have always garnered interest from people who want to know more about them, their families, their wealth, aside from Read More

No charges on digital payments made to large business establishments from 1 Nov

New Delhi: In a move that may boost digital payments, businesses with an annual turnover of more than ₹50 crore will have to mandatorily offer electronic mode of payments to their customers from 1 November, the finance ministry said on Friday. Besides, no charges or merchant discount rate (MDR) — charge that payment systems and banks impose on commercial transactions– will be Read More

Opinion | Let’s not regulate the ease of doing business

A recent observation of the Reserve Bank of India (RBI) has made top executives in corporate India sit up, take notice, and wonder whether our investment rules are too restrictive for our own good. In a set of frequently asked questions (FAQs) on overseas direct investment published recently, the central bank has said that Indian companies are barred from acquiring Read More

Moving beyond defence, business to be focus of India-Russia ties

Prime Minister Modi with Russian President Vladimir Putin Business is going to be the thrust area now in India-Russia relationship, which has so far been seen mostly from the prism of military and civil nuclear cooperation. Even the military and civil nuclear elements of cooperation have been one-way street, with India being the buyer and Russia the supplier. But this Read More

Xiaomi to Enter Consumer Finance and Lending Business in India Soon: Report

China’s Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges. The stakes are high for the world’s fourth largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a Read More

Ikea doubles down on smart home tech with new business unit

Ikea’s smart home investments to date have been smart but scattered – now the Swedish home goods brand says it’s going to amp up its smart home bets with a brand new dedicated business unit. The company’s smart home endeavors began in 2012, and focused on wireless charging and smart lighting. It’s iterated in both areas since, developing self-installed integrated Read More

Was VG Siddhartha’s coffee business really a failed venture?

VG Siddhartha, the owner and founder of the largest coffee chain in India, Cafe Coffee Day (CCD), has mysteriously gone missing since Monday evening. Siddhartha, who is also the Chairman and Managing director of the Coffee Day Enterprise Limited (CDEL) – the holding company of all his companies- is the son-in-law of former Union Minister of Foreign Affairs  and now Read More

Steel sector plays bigger role in boosting business sentiments – here’s how

In addition, Confederation of Indian Industry (CII) conducts a periodic manufacturing sector survey to evaluate the business trends. Sushim Banerjee We have been talking on business sentiments being a primary influencing factor in driving growth parameters of the economy. A country where this index is positive as indicated by higher expectations of order generation to generate revenue flows, the downward Read More