Banking & Finance

Infra-Pharma-Food Processing seek long-term credit Economic recovery has started to gain momentum as high-frequency indicators show demand is holding up, almost a year into the COVID-19 pandemic, according to a banking industry survey which also cited RBI's statistics showing improvement...

Smart Joules proves the energy-efficiency-as-a-service business model The Asian Development Bank's venture arm (ADB Venture) led American and Indian investors supporting the Delhi-based Smart Joules, a pioneer in energy-efficiency-as-a-service, which has completed a US$4.1 million round of Series A funding...

Chennai's Full Autonomous Flying Cars in new era of air mobility Chennai-based flying car manufacturer Vinata Aeromobility is gearing up to raise funding of US$1 million for the Initial Product development phase and US$10 million in the next three years...

Disinvestment policy without transferring management control The Government is planning to decrease shareholding in Defence Public Sector Undertakings (DPSUs) namely, BEML Ltd., Garden Reach Shipbuilders & Engineers Limited (GRSE) and Mishra Dhatu Nigam Limited (MIDHANI), the Rajya Sabha was told...

Global slump impacts petroleum exports Export-Import Bank of India (India Exim Bank) forecasts India’s total merchandise exports to amount to US$78.6 billion, growing at 4.9%, and non-oil exports to amount to US$73.9 billion, growing at 12%, during the fourth quarter...

International expansion through South-East Asia, Fintech survey The Indian FinTechs are at the precipice of significant value-creation of US$100 billion over the next five years, said Prateek Roongta, Managing Director and Partner, Boston Consulting Group India. "To actualize this potential,...

Thales Gemalto FlexiTag can integrate into a vast range of wearables Thales (Euronext Paris: HO) said its Thales chip form factor will leverage Toronto-headquartered Tappy Technologies’ holistic payment solution to Axis Bank to further enhance customers outreach by offering innovative...

On the anvil: BRICS Framework on Cooperation in Professional Services The BRICS Contact Group on Economic and Trade Issues (CGETI) has proposed deliverables, one of which is 'BRICS Cooperation on Multilateral Trading system including cooperation for the TRIPS Waiver proposal...

Competition-technology changing financial scenario, says Shah The Fourth Industrial revolution will be shaped by India as it has all the Fintech ingredients to lead the way, according to Injeti Srinivas, Chairman, International Financial Services Centres Authority (IFSCA). Creation of a...

Govt subsidies for EVs promotes auto sales The Indian Car Loan Market is forecast to grow at a CAGR of over 8% in value terms and to reach US$60 billion by FY2026, according to a ResearchAndMarkets report on "India Car...