Society redevelopments drive Mumbai housing pipeline amid land scarcity
A Knight Frank India report estimates that society redevelopment projects in the Mumbai Municipal Corporation of Greater Mumbai region will deliver 44,277 homes worth Rs 1,305 billion by 2030, underscoring redevelopment’s role in the city’s housing pipeline amid land scarcity.
Bank vs fintech apps: key differences in personal loans
An explainer contrasts traditional banks and the latest fintech apps for personal loans. It highlights that understanding the differences between these channels can help borrowers decide which route suits their needs, offering guidance to support clearer, more deliberate loan choices.
Rapido overtakes Uber on user count, extends rideshare lead
Rapido has expanded its lead in rideshare, reporting a larger user base than peer Uber. The shift follows Uber CEO Dara Khosrowshahi’s recent remark that Rapido has replaced Ola as Uber’s prime rival. Market watchers will track engagement and competitive responses.
GST, tax cuts may lift mood; earnings bar still high: Vetri Subramaniam
Vetri Subramaniam said possible GST and tax cuts could buoy market sentiment in the near term. However, he cautioned that the tougher test for equities is corporate earnings delivery, urging investors to prioritise fundamentals over policy-driven momentum.
IDBI Bank moves NCLT against Zee over Rs 225 crore default
IDBI Bank has filed an insolvency application against Zee Entertainment Enterprises Ltd, citing a Rs 225 crore default. The media firm disclosed that the move was made under Section 7 of the Insolvency and Bankruptcy Code at the Mumbai bench of the National Company Law Tribunal.
Bengal tourists stranded in Nepal to return in couple of days: CM
CM Mamata Banerjee has assured that tourists from West Bengal stranded in violence-hit parts of Nepal will be brought back in a couple of days. Nepal has imposed nationwide restrictive orders and a curfew to quell possible violence, affecting movement.
Airtel Payments Bank Unveils NCMC Debit, Prepaid Cards
Airtel Payments Bank is revolutionizing financial management with the introduction of innovative NCMC (National Common Mobility Cards)-enabled debit and prepaid cards. This initiative, launched in collaboration with the National Payments Corporation of India (NPCI), offers a comprehensive solution that merges traditional debit/prepaid functionalities with the advantages of NCMC technology. Unifying Transactions and Simplifying Travel Say […]
RBI Introduces New ARC Guidelines Effective April 24, 2024
The Reserve Bank of India (RBI) has ushered in a new era for Asset Reconstruction Companies (ARCs) in India. Effective April 24, 2024, a comprehensive set of guidelines aims to strengthen the regulatory oversight of ARCs, enhance their financial stability, and ultimately, improve their effectiveness in tackling the challenge of non-performing assets (NPAs) in the […]
Ramkrishna Forgings Wins ₹270 Crore Vande Bharat Train Order
Ramkrishna Forgings Ltd. (RKFL), a leading manufacturer of rolled, forged, and machined products, has secured a game-changing ₹270 crore order for the prestigious Vande Bharat train project. This landmark deal not only propels RKFL to the forefront of India’s high-speed rail development but also significantly bolsters the government’s “Make in India” initiative. Gearing Up for […]
Vodafone Idea’s 5G Plan Post Rs 18,000 Crore FPO
Vodafone Idea (Vi) is aiming to join the Indian 5G party. The telecom operator has set an ambitious target of launching 5G services in select cities within 6-9 months of successfully completing its ongoing Rs 18,000 crore Further Public Offering (FPO). This move comes as rivals Bharti Airtel and Reliance Jio have already begun offering […]