It will be subject to Foreign Direct Investment Policy conditionalities and other sectoral regulations or guidelines. Government on Wednesday approved the proposal of HDFC Bank to raise additional capital Rs.240 billion by selling equity to foreign investors to fund its business growth. This includes premium, over and above the previous approved limit of Rs.100 billion, […]

Geo VPL Finance, the NBFC formed by Geo group that has seafood export as its core activity, is planning to expand its branch network so as to increase its asset under management (AUM) by over two times to Rs.250 crore in 5 years. Company, currently focusing more on gold finance, will strengthen its presence in […]

As motorised 2-wheelers overtake cycle sales in country and manufacturers are focusing on commuter segment again and reviving entry-level cycles. These numbers are surprising: India, World’s 2nd largest cycling nation after China, sells more bikes than bicycles. Demand for motorised 2-wheelers in the country is expanding, but cycle sales are shrinking, and the gap between […]

India languages that Uber is looking at are Hindi, Marathi, Tamil, Telugu, Kannada, Bengali and Gujarati. Online cab aggregator Uber, under the leadership of Dara Khosrowshahi, is making a renewed effort to win back India market. Hoping to expand its user base as well as increasing its popularity in tier-III cities, Uber has introduced a […]