Startups target banks’ small business customers in forex payments drive

Startups target banks’ small business customers in forex payments drive

LONDON (Reuters) – Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion...
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Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Motilal Oswal’s research report on Shriram City Union Finance Shriram City Union Finance’s (SCUF) PAT increased 2% YoY to INR2.6b in 3QFY19 – a 10% beat – largely driven by provision write-back of INR161m. On a PPoP basis, there was a...
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Modi govt set to meet electrification target, but millions still in darkness

Modi govt set to meet electrification target, but millions still in darkness

Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen. Rural electrification became a cornerstone of Modi’s plan, which included connecting more than 18,000 villages by t...
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Xiaomi Redmi Note 4 India Sales Target Said to Be 7 Million Units

Xiaomi Redmi Note 4 India Sales Target Said to Be 7 Million Units

The Xiaomi Redmi Note 4 smartphone, the budget stalwart continues to gain in popularity, with the top variant going out of stock within minutes of the sale starting. So reports that Xiaomi has doubled the India sales target for the...
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Government Fixes Rs 1.22 Lakh Crore Loan Disbursement Target Under MUDRA Scheme

Government Fixes Rs 1.22 Lakh Crore Loan Disbursement Target Under MUDRA Scheme

New Delhi: Banks will disburse loans worth about Rs 1.22 lakh crore to small business units under the Pradhan Mantri MUDRA scheme during the current fiscal year. The banking sector has been allocated an overall disbursement target of Rs 1,22,188...
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