investors bet on startups as an 8.8 billion Dollar IPO wave sweeps across India

investors bet on startups as an 8.8 billion Dollar IPO wave sweeps across India

The market for IPO’s in India is turning into a feeding frenzy. The amount of money raised in IPOs this year has reached $8.8 billion, which has already surpassed the totals of the past three years though it’s only August. At the...

HDFC Bank releases statement on RBI relaxation on issuing new credit cards

HDFC Bank releases statement on RBI relaxation on issuing new credit cards

Private lender HDFC Bank on Wednesday said that the Reserve Bank of India (RBI) has reduced the restriction placed on sourcing of new credit cards. Though, the curbs on initiating digital initiatives continue. Shares of HDFC Bank were...

RBI gives green light for HDFC Bank to issue new credit cards

RBI gives green light for HDFC Bank to issue new credit cards

After eight months of “restrictions”, the Reserve Bank of India (RBI) has allowed HDFC Bank to start issuing the new credit cards. However, the restrictions of the central bank on HDFC ‘s new offerings under its Digital 2.0...

Manufacturing activity gradually turning around: states RBI’s ‘State of the Economy’ report

Manufacturing activity gradually turning around: states RBI’s ‘State of the Economy’ report

With unlocks and vaccination drive gaining momentum, Reserve Bank of India (RBI) said that the manufacturing activity is “gradually turning around, while contraction in services has moderated”. Reaffirming the traction that the economy...

How Can Small Businesses Break Into The Global Market?

How Can Small Businesses Break Into The Global Market?

Selling directly to clients in export regions, marketing items through a local distributor, forming a joint venture with a local business partner, or selling through a website are all ways for small enterprises to access the global market. Each...

India declares RoDTEP, scheme rates to cover 8,555 tariff lines (Lead)

India declares RoDTEP, scheme rates to cover 8,555 tariff lines (Lead)

India on Tuesday notified the RoDTEP (Refund of Duties and Taxes on Exported Products) scheme, meant to provide refunds to exporters on taxes and levies borne on exported products. "The scheme for zero rating of exports will boost our...

RBI initiates Financial Inclusion index

RBI initiates Financial Inclusion index

The Reserve Bank of India on Tuesday initiated the financial inclusion index to capture the extent of financial inclusion in the country. This was part of the declarations made in the first bi-monthly monetary policy in April this year. As per...

Indian e-retail market expected to grow to USD 140 bn by FY26 says Bain & Company

Indian e-retail market expected to grow to USD 140 bn by FY26 says Bain & Company

E-Retail has particularly been a boon throughout the Coronavirus (Covid-19) pandemic after the setbacks caused by widespread disruption (for consumers and small businesses) and loss of jobs. In the future, the e-retail market is...

‘Fairly completed’ overseas listing process, Indian markets becoming haven, states FM Nirmala Sitharaman

 ‘Fairly completed’ overseas listing process, Indian markets becoming haven, states FM Nirmala Sitharaman

The government would soon finalise the taxation aspects for the overseas listing of shares by the various Indian companies. Finance Minister Nirmala Sitharaman said on Monday that the government departments have held a couple of meetings regarding...

ONGC charts buyout route To reach green energy milestone

ONGC charts buyout route To reach green energy milestone

Though not in a “tearing hurry”, the state-owned Oil and Natural Gas Corporation (ONGC) is looking at acquisitions in order to reach its target of 10 GW of installed renewable energy capacity by the year 2040. “Renewables...

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