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Home  Business

Business

Microfinance sector’s loan portfolio shrinks in Q2, FY21

Microfinance sector’s loan portfolio shrinks in Q2, FY21

  • Indian businesses aim to tap consumers directly in 2021: Report

    The payment gateway and ecommerce platform has on-boarded more than 2 lakh small businesses from tier II and tier III cities during the lockdown period.
  • SBI raises $600mn via ‘Regulation S’ bonds

    "The bonds will be listed on SGX-ST and India INX. The issuance represented SBI's return to the international public bond markets after a gap of close to 2 years," the statement said.
  • Lava launches new Z-series customisable smartphones in India

    The Lava Z1 comes in Blue and Red colours, is priced at Rs 5,499 and will be available from Amazon.in, Lavamobiles.com and offline stores starting from January 26.
  • FRAI urges PM to recall proposed changes to tobacco laws

    FRAI members sustain their livelihood by selling goods of daily needs which are demanded by general public like biscuits, soft drinks, mineral water, cigarettes, bidi, pan etc.
  • Rupee rises 3 paise to 73.08 against US dollar in early trade

    On Wednesday, the rupee had settled at 73.11 against the American currency.
  • Sensex jumps over 250 pts in early trade; Nifty above 14,200

    Foreign portfolio investors (FPIs) were net sellers in the capital market as they offloaded shares worth Rs 483.64 crore on a net basis on Wednesday, according to provisional exchange data.
  • Realty stocks rise as Maharashtra halves premium on realty projects

    Around 12.25 pm, shares of Indiabulls Real Estate were trading on the BSE at Rs 84, higher by Rs 5.55 or 7.07 per cent from its previous close.
  • IL&FS Solar Power clears debt worth Rs 845 crore

    ISPL had undertaken construction and financing of a 100 MW AC solar power project in Bellary district, Karnataka, for Embassy Energy Private Limited (EEPL) that was commissioned in February 2018.
  • Hiring activity recovers in India by 14% in Dec 2020: Report

    The overall hiring at year-on-year level showed a decline of only 10 per cent in December, according to Naukri.com ‘JobSpeak' report.
  • LG acquires TV data analysis firm Alphonso for $80 million

    The South Korean tech firm said it spent $80 million to acquire a controlling stake of more than 50 percent in Alphonso.
  • Equity indices rise, Nifty hits fresh high

    Nifty touched a new record high of 14,256.25 points.
  • Amazon pledges $2 billion to address affordable housing crises

    "It will also help local families achieve long-term stability while building strong, inclusive communities," he said in a statement late on Wednesday.
  • India’s services sector activity slows down

    The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in December.
  • ‘India home to 21 unicorns valued at $73.2 billion’

    “Entrepreneurial activity has picked up in India. In 2020 India was among the top 50 innovative economies," India's Ambassador to the US Taranjit Singh Sandhu said.
  • Global economy to expand by 4% in 2021: World Bank

    Growth is expected to recover to 5.4 per cent in 2021 as the rebound from a low base is offset by muted private investment growth given financial sector weaknesses.
  • OnePlus 9 Pro to support 45W wireless charging: Report

    The OnePlus 9 Pro will also support reverse wireless charging. This feature can be used to charge accessories such as Bluetooth headphones, or a smartwatch, reports news portal Gizbot.
  • Toyota positive about revival in 2021

    The company hopes that January onwards there will be some revival with many customers looking at personal mobility in the post-Covid world.
  • Decoded: Why iPhone 12 costs 21% more than iPhone 11

    In the iPhone 12, Apple's self-designed components including the A14 bionic, PMIC, Audio and UWB chip make up over 16.7 per cent of the overall BoM (bill of materials) cost.
  • RedSeer hires 2 industry veterans to drive retail, tech insights

    Shrikhande is a retail expert with over three decades of experience and has advised a number of private equity companies including Kalaari Capital and Multiples, along with startup CEOs and founders.
  • More than 200mn people used Samsung’s fitness app in 2020

    "In the past year alone, Samsung Health users burned around 3 billion calories and took around 78 trillion steps combined the equivalent of walking from the Earth to the sun and back 200 times," said Samsung
  • Microsoft to shut down Minecraft Earth game on June 30

    "We have made the difficult decision to re-allocate our resources to other areas that provide value to the Minecraft community and to end support for Minecraft Earth in June 2021," the Minecraft team said
  • MP, Andhra rewarded for completing reforms; get Rs 1,004 cr capex boost

    Andhra Pradesh will get an additional amount of Rs 344 crore while Madhya Pradesh has become entitled to receive Rs 660 crore for capital projects.
  • Telangana’s tower density higher than national average

    Kumar informed that the government is committed for the fiberisation of Base Station Towers (BTS) and extend necessary support for the better communicational coverage in the state.
  • SpiceJet to launch 21 new domestic, international flights

    Accordingly, the new flights will commence operations in a phased manner from January 12, 2021.
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