As summer vacations are around the corner, IndiaLends, a new-age digital lending platform, has reported 55% growth in personal loans for travel purposes. More so, 85% of these loan seekers are millennials,... Read more »
narguably, the Indian real estate vertical that in the direst need of funding is the residential sector. In a perfect world, the private equity that is now pouring into the country’s realty... Read more »
Britannia Industries on Wednesday saw an 11.82 per cent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019. The company had reported a net profit... Read more »
Escorts share price dropped in early trade today after the farm equipment major suffered a 14.9 per cent downside in its tractor sales at 5,264 units in April. Escorts share price fell... Read more »
BlackBuck, an online marketplace for trucking has been able to raise $150 million (about Rs 1,050 crore) in a funding round led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. Wellington,... Read more »
The government hit the highest Goods and Services Tax collection since its roll out for April. The government reported a 10.05 percent year-on-year rise in the Goods and Services Tax (GST) revenue collected... Read more »
Hospitality firm OYO has decided to acquire Amsterdam-based vacation rental company Leisure Group from Axel Springer for an estimated $415 million (over Rs 2,885 crore). The acquisition could help OYO etch closer... Read more »
Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA announced that the rating watch is with negative implications due to the company’s slow monetization of the non-core investments... Read more »
India Ratings and Research (Ind-Ra) has cut its FY20 gross domestic product (GDP) growth estimate marginally by 0.2%, down to 7.3% from its previous forecast of 7.5%. The key reasons for the... Read more »
State-owned National Small Industries Corp’s (NSIC) net profit for 2018-19 may see a drop because of stiff competition from private players, an official said Tuesday. The company is also looking to start... Read more »