Economy

Lendingkart to expand credit offerings Signing of Fullerton-Lendingkart fund raising pact. Source: Fullerton. Singapore’s Fullerton Financial Holdings Pte Ltd (FFH), along with participation from existing investors, is leading over US$87 million being raised by Indian Fintech Lendingkart Technologies Private Limited....

IMF bullish on economic outlook Prime Minister Narendra Modi has championed technology as a means of development and warned of its potential to be used as a means of destruction in his address at the sixth World Government Summit (WGS...

FY2019 revenue seen at US$143-$151M Solar-based Azure Power Global Ltd is expecting to put into operation 1,300–1,400 MW in fiscal year ending March 2019, up 30-55% year on year. For current fiscal year, it expects to 905–1,000 MWs to be...

Rana Kapoor sees flow of futuristic ideas Rana Kapoor. India has developed a vibrant entrepreneurial landscape and while start-ups will develop scalable futur-ready solutions, says India's leading banker. “India has developed a vibrant entrepreneurial landscape and steadfastly strengthened its position...

Target set for marine product exports Minister for Commerce and Industry Suresh Prabhu said the government was working on an agriculture export strategy that would give primacy to value addition and job creation. He emphasised on the potential of marine...

Puri lists out projects in progress Puri briefing media on Housing and Urban budget. Ministry of Housing & Urban has been allocated Rs.41,765 crores for 2018-19, an increase of nearly 3% over last year, said Minister of State in-charge Hardeep...

Govt need to preserve macro-stability ahead of election year Jaitley tables Union Budget on 1 Feb 2019.   Summary: • The FY19 Budget mixes prudence with some populism, seeking to balance economic and political imperatives. • The Budget measures carried...

Technology being given top priority Dun & Bradstreet, a global leader in commercial data and insights on businesses, has announced findings from its recent Dun & Bradstreet SAP SME Survey that highlights key expectations of the segment from the upcoming...

Corporate bond market tilted towards top papers With a meagre 35% and 17% debt market penetration in Government securities (G-secs) and corporate bonds, India is trailing developed economies like the United States of America (USA) where it is 83% and...

Oil price hike main risk for Indian economy   The prospects for India’s External Sector in this and coming year look bright with world trade projected to grow at 4.2% and 4% in 2017 and 2018, respectively, up from 2.4%...