India’s goods exports touched $447 billion till the last count for 2022-23 fiscal year against $422 billion in 2021-22, commerce and industry minister Piyush Goyal […]
Category: Enterprise
I&B industry got ₹1,535-crore FDI in October-December quarter: DPIIT
The information and broadcasting industry received foreign direct investment (FDI) of Rs 1,535.2 crore during the quarter ended December 2022, data from the Department for […]
Bank of Baroda stops clearing payment for above-cap Russian oil
India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources […]
Avanti Finance secures $24 mn equity funding from Rabo Partnerships, IDH Farmfit Fund
Bengaluru-based Avanti Finance has secured $24 million equity funding from Rabo Partnerships, the wholly owned subsidiary of the Rabobank Group focused on financial inclusion and […]
Bank NPAs to improve to decadal low of 3.8pc by FY24-end: Crisil
Banks’ gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24, credit rating agency Crisil said […]
HDFC Bank records loan growth of 17% at end of March
Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at Rs 16 lakh crore at […]
DMI Finance announces the closure of a USD 400 Million equity investment round led by Mitsubishi UFJ Financial Group, Inc.
DMI Finance Private Limited (“DMI Finance”) today announced the closure of a USD 400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. […]
Citigroup CEO visits Chennai; discusses about Global Capability Centres landscape in India
Citigroup CEO Jane Fraser along with top management officials visited the company’s Citi Solutions Centre here and held discussions about the landscape of Global Capability […]
Bandhan Bank adds 50 new branches to its network
Private lender Bandhan Bank on Friday said it has added 50 more branches to its existing network of around 1350 others across the country. The […]
IFC may double investments in India to $2.5-3 billion/year
The International Finance Corporation (IFC) could double its investments in India in the coming years and also help Indian companies in their global expansion, Riccardo […]