Air India signs agreements to acquire AirAsia India, will merge with Air India Express

Air India signs agreements to acquire AirAsia India, will merge with Air India Express

Air India announced that it has signed agreements to complete the acquisition of 100 per cent shareholding in AirAsia India (AAI) and to subsidiarise it under Air India. An operational review process is underway with a view to ultimately...

Bengaluru is the destination for global investors: Karnataka CM

Bengaluru is the destination for global investors: Karnataka CM

Bengaluru is the preferred destination for global investors, said Karnataka Chief Minister Basavaraj Bommai, adding that the three-day 'Invest Karnataka' meet will be a grand success. Bengaluru Palace will host 'Invest...

Digital payment and cryptos set to be in focus during India's G20 presidency

Digital payment and cryptos set to be in focus during India's G20 presidency

Detailed deliberations on new digital payment methods, including crypto assets and cryptocurrencies, are set to be a key part of the finance track agenda of the G20 when India assumes presidency of the grouping in December, two people aware of the...

Retail, Small Businesses Lead Indian Credit Demand, IDFC First Bank Says

Retail, Small Businesses Lead Indian Credit Demand, IDFC First Bank Says

The demand for credit in India’s banking sector is coming from retail and, small and medium enterprises, according to V Vaidyanathan, managing director and chief executive officer at IDFC First Bank Ltd. As India’s GDP reaches...

Finance Minister says India's growth resilient despite exogenous threats

Finance Minister says India's growth resilient despite exogenous threats

Finance Minister Nirmala Sitharaman on Wednesday said that despite exogenous threats, India's well-targeted policy mix, accompanied by major structural reforms and sound external balance sheet, have aided its growth to remain resilient. She...

India wins post of Chairperson of ICA's Air Transport Committee

India wins post of Chairperson of ICA's Air Transport Committee

India won a coveted position in the International Civil Aviation Organisation (ICAO) with its representative Shefali Juneja unanimously elected Chairperson of the Air Transport Committee, after 28 years. Union Civil Aviation Minister...

Bajaj Finance of India beats estimates with record Q2 profit

Bajaj Finance of India beats estimates with record Q2 profit

Indian shadow lender Bajaj Finance Ltd (BJFN.NS) reported a record quarterly profit on Thursday, beating estimates on improved demand for loans and better asset quality. Demand for credit has remained strong in India despite a series of...

IKF Finance Assets Under Management Crosses INR 2000 Crores

IKF Finance Assets Under Management Crosses INR 2000 Crores

IKF Finance, India’s prominent Non-Banking Finance Companies (NBFCs) has today announced that its Assets under Management (AUM) has crossed INR 2000 crores.  Mr. V G K Prasad, Founder &Chairman – IKF Group, Ms. K. Vasumathi...

Reliance Retail partners with 50+ traditional sweets makers

Reliance Retail partners with 50+ traditional sweets makers

Reliance Retail, the retail arm of Mukesh Ambani-led conglomerate Reliance Industries (RIL), has entered a distribution partnerships with over 50 traditional, regional sweets (mithai) makers from across India to distribute, mass produce, modernise...

Inflation set to ease, though stubbornly: RBI bulletin

Inflation set to ease, though stubbornly: RBI bulletin

The Reserve Bank of India (RBI) has expressed optimism that headline inflation is set to ease from its September high, albeit stubbornly, on the back of easing momentum and favourable base effects. These observations have been made in the...

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