Microfinance institutions are facing significant stress, with listed MFIs reporting losses or decreased profits in the March quarter due to factors like deteriorating asset quality and rising credit costs. The sector's GNPA ratio has su ...more

The Indian government is actively working to maintain strong FDI inflows by streamlining regulations and offering tailored investment packages to global corporations. Efforts include easing regulatory frameworks at the state level, simp ...more

RBI acknowledges that government ownership of public sector banks (PSBs) reduces its risk management burden, justifying lower capital buffers for these entities. The central bank's economic capital framework report highlights the govern ...more

Prosus, the Dutch technology investor, plans to significantly expand its Indian portfolio to $50 billion through strategic investments and acquisitions. CEO Fabricio Bloisi emphasizes building an ecosystem within core sectors like food ...more

Apple has surpassed Xiaomi in Indian smartphone sales during the first quarter, securing a spot in the top five while Xiaomi's ranking fell to sixth. Vivo leads the market, followed by Samsung, Oppo, and realme. Xiaomi's decline is attr ...more

Bharti Airtel is urging Reliance Jio and Vodafone Idea to join forces in a collaborative effort against escalating telecom fraud. With cybercrime complaints exceeding 1.7 million and financial losses surpassing Rs 11,000 crore in the fi ...more

Reliance General Insurance, now under IndusInd International Holdings Ltd (IIHL), has reported a strong financial year, with net profit rising 12.5% to Rs 315 crore. Gross Direct Premium increased by 7.4%, surpassing the industry's grow ...more