Sangeetha G.
Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM

Asirvad Microfinance, the micro-lending subsidiary of Manappuram Finance, is going for a major capital infusion to achieve an AUM of Rs 10,000 crore by FY22.

Michael Gonsalves
Mercedes-Benz retains pole position, sells 15,538 cars in 2018

Mercedes-Benz, India’s biggest German luxury car maker by sales, has retained its pole position in the luxury segment for the fourth year in a row.

Subhash Narayan
Rs 18,000 crore subsidy in works for stressed gas-based power projects

The government may launch a new Rs 18,000 crore subsidy scheme for stressed gas-based power projects that will enable these fuel starved plants to run using a mix of domestic and imported gas.

Ritwik Mukherjee
Jhawar family feud deepens, RoC summons officials

The family feud in the Kolkata-headquartered Usha Martin (UML), one of the world’s largest wire rope manufacturing company that is facing tough times – both financially and in terms of reputation –

Falaknaaz Syed
Rajat Monga tops list to head Yes Bank

In a sudden development, Rajesh Sud, former managing director and CEO of Max Life Insurance, one of the front-runners to head Yes Bank, has backed out from the race making Rajat Monga, senior group

Ashwin J Punnen
Focus on 10,850 range

The Sensex ended 130.77 points higher at 35,980.93 while the Nifty gained 30.40 points at 10,802.20. The market was rangebound as investors turned cautious ahead of corporate earnings season.

Rajgopal Nidamboor
Letting go: new leap of faith

As the cool, tranquil draft of winter envelopes our face, it ushers in early dusk.

Michael Gonsalves
Home sales growth tepid at 6% in 2018

Housing sales in eight major cities in India rose six per cent in 2018 as developers reduced prices and offered indirect freebies to lure buyers, property consultant Knight Frank India said in its

Sangeetha G.
Shoppers Stop evaluates FDI, e-comm strategy

In the light of the government move to tighten foreign direct investment (FDI) rules for the e-commerce sector, Shopper’s Stop is reviewing its e-tail strategy.

Ritwik Mukherjee
Srei, Norway’s ECN in equipment import pact

Srei Equipment Finance, an arm of Kolkata-based Srei Infrastructure Finance (Srei), on Monday teamed up with Eksportkreditt Norge AS (ECN), a Norwegian state-owned provider of export credits, to fa