Others
Economy
US Fed raises rates for second time this year, hints at more hikes
The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in ......
General
Bankruptcy resolution or liquidation: How companies admitted to NCLT are faring
The National Company Law Tribunal (NCLT) is grappling with hundreds of cases of debt-laden companies pushed into insolvency proceedings by ......
Finance
MetLife to up stake in India insurance JV, value entity at $1.5 bn
American insurance major MetLife Inc is looking to raise its stake in the Indian life insurance business it runs through ......
Finance
Microfinance lender Satya MicroCapital raises $1.7 mn via rights issue
Satya MicroCapital Ltd, a New Delhi-based non-banking financial company (NBFC), has raised Rs 11.48 crore ($1.7 million) from existing investors ......
TMT
Amazon's Gopal Pillai on what drove e-tailer's success in India
US-based online retailer Amazon.com Inc. entered India five years ago. Since then, it has expanded rapidly and is now the ......
People
AION-backed Clix Capital's housing finance arm CEO quits
The chief executive officer of the mortgage lending unit of AION Capital-backed Clix Capital Services Pvt. Ltd has quit just ......
General
Banks want NIIF help to tackle bad loans; Adani Wilmar tops bid for Ruchi Soya
State-run banks have recommended to the government to set up an asset reconstruction company sponsored by the National Investment and ......
Economy
Retail inflation quickens to 4-month high; industrial output grows 4.9%
India's retail inflation rate accelerated to a four-month high of 4.87 percent in May, government data showed on Tuesday, driven ......
General
Which sectors top the list of distressed companies facing insolvency?
In June last year, the Reserve Bank of India asked banks to begin bankruptcy proceedings against 12 large loan defaulters. ......
Consumer
With samosas and coconut-layered mattresses in cart, IKEA readies for India foray
IKEA is set to open its first store in India next month, and the world’s biggest furniture retailer is localizing ......
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