India Inc has pushed for the creation of multiple bad banks to absorb the non-performing assets in the aftermath of COVID-19. Many industry leaders believe that it is important to find a resolution mechanism through market-determined price discovery and multiple bad banks can address this issue in a transparent manner. Here’s all you need to know about the idea.
As India prepares for a mass rollout of the COVID-19 vaccines, reports suggest that the country may need close to $1.8 billion to fund the first phase of the vaccination drive. This edition of Business Insight has everything you need to know about the drive.
Will the government be lucky in its efforts this time to sell the cash-strapped national carrier Air India? Well, so far, the attempt to disinvest in Air India seems to be going well. The deadline for submitting Expressions of Interest has gone by and the government has received a positive response. Find out what will happen next in this edition of Business Insight.
Union budget-making process for 2021 is underway, and the government has kick-started the first pre-budget consultations with India Inc. Here is all you need to know about the key recommendations given by top industrialists of the nation to boost the pandemic hit economy and bring it back on the growth path.
Recent steps taken by the Reserve Bank of India with regards to Real Time Gross Settlement System (RTGS) and cheque payments are set to make high-value payments and transactions simpler and safer. Watch the video to know more.
TVS group will abolish the holding structure. Each family group will get complete ownership of the companies on a royalty-free basis.
Currently, India’s smartphone insurance segment is nearly $140 million. RedSeer, a consulting firm, has reported that its compound annual growth rate is expected to hit 29%.
Leadership advisory firm Egon Zehnder said India performed better than other countries in Asia in gender diversity in both executive and non-executive chair roles. Women in India occupied 5 percent of executive and 10 percent of non-executive chair roles
Credit Card giants Visa and Mastercard are investigating business relations with Pornhub after New York Times columnist Nicholas Kristof alleged that the adult website is infested with rape and child abuse videos, revenge pornography, racist and misogynist content.
Steve Wozniak launched Efforce, his second company, 45 years after co-founding Apple with Steve Jobs. Wozniak’s latest venture aims to use cryptocurrency and blockchain technology to make it cheaper and easier for companies to fund ‘green’ projects. Here's all you need to know about Apple co-founder's new venture.
Anxious Indians have started enquiring with travel agents for air tickets and visas to visit the UK to get Pfizer's COVID-19 vaccine shots. And agents are rolling up their sleeves to offer short-stay packages suited just for the purpose.
The COVID-19 outbreak has hurt businesses significantly leading to financial uncertainties and layoffs. So far, nearly 10 million people in the country have lost their jobs. Policybazaar, has launched a separate vertical that provides insurance covers for job/income loss.
YES Bank and Rabobank, two lenders to Coffee Day Global (CDGL), are allegedly blocking the deal, demanding repayment of their dues before granting a no-objection certificate (NOC) to the proposed deal.
According to experts, 2021 is expected to be equally strong for the IPO market. Find out more here.
E-commerce giants are rolling out discounts and offers to keep up with the Black Friday sale zeal.
Online used-car retailer Cars24 is India’s latest unicorn. Find out more about its latest round of investment
It is important to choose the correct form as filing with the wrong ITR form is considered an invalid return by the income tax department. Watch for more.
Watch this edition of Business Insight to find out why the industry is cautious on RBI panel proposal to allow conversion of large NBFCs to banks
Indian fintech firms can leverage the Visa-in-a-box initiative to test their products. Watch this video to find out more.
Moderna’s CEO has said the company will charge governments $25 and $37 per dose for its COVID-19 vaccine
Apple will pay $113 million to settle iPhone battery claims alleging that the California-based company deliberately slowed older iPhone models to help extend their battery life. The tech giant had previously paid up $500 million to settle a U.S. lawsuit over slow iPhones.
UK Prime Minister Boris Johnson gives a push to 'green industrial revolution'. Find out more here
While announcing its September quarter earnings on November 17, Walmart said Flipkart and PhonePe were driving the top-line growth for Walmart International. The world's largest retailer further said that Flipkart’s strong performance helped expand Walmart’s gross profit rate and boost the net sales of its international business.
The government on November 16 received 'multiple' bids for its stake in Bharat Petroleum (BPCL), India's second-largest fuel retailer. However, billionaire Mukesh Ambani's Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid. So which are the companies that have shown interest and what is next for BPCL? (Disclosure: Network18, the parent company of Moneycontrol, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
Wipro looking to reduce dependence on the US under current CEO Thierry Delaporte. Find out all about the company's plans