Who moved my milk: Prabhat Dairy and the ‘business disappearing’ risk

Who moved my milk: Prabhat Dairy and the ‘business disappearing’ risk

Investors skimmed 15% off Prabhat Dairy Ltd’s valuation after it announced a slump sale of its mainstay dairy business on Tuesday. The company will sell its milk processing business, which generates 98% of its revenue, to France’s Groupe Lactalis for ₹1,700 crore. At...
read more
RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

Almost Rs 12,000 crore, or 80 percent, of online wallet transactions in the country are at risk of going back to cash, as online wallet players fear losing customers because of the Reserve Bank of India’s KYC rule. An RBI...
read more
Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild...
read more
After Brexit, EU bets on risk, green finance to relaunch capital plan

After Brexit, EU bets on risk, green finance to relaunch capital plan

The European Union will focus on infrastructure, green and risk finance to boost funding for the economy, a European Commission vice president said on Tuesday, noting Britain’s departure could deprive the EU of its largest financial centre. The commission la...
read more
‘Indian Banks Take More Risk During Upturn In Credit Growth’

‘Indian Banks Take More Risk During Upturn In Credit Growth’

New Delhi: Indian banks tend to take more risks during times of higher credit growth while the non performing loans of private sector lenders are more reactive to changes in interest rates, says a working paper released by Switzerland-based BIS....
read more
‘Indian Banks Take More Risk During Upturn In Credit Growth’

‘Indian Banks Take More Risk During Upturn In Credit Growth’

New Delhi: Indian banks tend to take more risks during times of higher credit growth while the non performing loans of private sector lenders are more reactive to changes in interest rates, says a working paper released by Switzerland-based BIS....
read more