बिजनेस

How payments industry fared in 2018 and outlook for 2019 The Indian economy has traditionally been dominated by cash, where 95% of the consumers pay via cash or cheque. However, increasing internet penetration coupled with rising availability of smartphones have led many Indian consumers to shift to digital payment modes such as paying for goods and services through any electronic …

Jaipur, 5 th  January 2019: Kumbh Mela, the largest peaceful congregation of pilgrims on earth and recognised by UNESCO as an Intangible Cultural Heritage of Humanity, has a history that dates back to thousands of years. The grandeur of the cultural extravaganza celebrated at four different cities in India, over a period of 12 years, draws throngs of devotees seeking …

Jaipur, January 5, 2019: SpiceJet, the country’s favourite carrier, today announced the launch of 12 new non-stop flights and frequencies connecting metros and non-metros upon its domestic network. All the new flights are effective 20th January, 2019. SpiceJet will be the first Indian carrier to introduce daily direct flights on the Dehradun-Jammu, Dehradun-Jaipur and Dehradun-Amritsar routes. SpiceJet has also enhanced …

Jaipur, 05 January 2019: In a major relief, the Union Government has accepted apex body – The Gem & Jewellery Export Promotion Council’s (GJEPC’s) demand to grant IGST-related exemption on supply of gold by Nominated Agencies to exporters of articles of gold. The GST Council recently announced that gem & jewellery exporters will no longer have to pay 3% IGST …

Jaipur, January 05, 2019: In a first of its kind collaborative initiative in India between a pharmaceutical and medical device company, Eris Lifesciences (BSE: 540596; NSE: ERIS), one of the leading players in the chronic drugs segment and India Medtronic Pvt. Ltd, a wholly owned subsidiary of Medtronic plc (NYSE: MDT), the global leader in medical technology, today announced their …

Jaipur 5th  January 2019: ICICI Bank today announced that it has signed a Memorandum of Understanding (MoU) with Small Business FinCredit India Pvt. Ltd. (SBFC), a systemically important Non-Banking Finance Company for entrepreneurs, to jointly provide credit to MSMEs. The partnership has been forged under the aegis of RBI’s circular dated September 21, 2018 that permits banks to engage with …

Jaipur, January 05, 2019: Shriram Transport Finance Company Limited, one of the largest asset financing NBFC in the country, with a primary focus on financing pre-owned commercial vehicles is proposing a public issue of upto Rs. 700 crore by issuing Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 1,000 each. The company is coming out with its …

Jaipur, January 02, 2019: TVS Motor Company registered a growth of 6% with sales increasing from 256,870 units in December 2017 to 271,395 units in the month of December 2018. Two-Wheeler Total two-wheelers registered a growth of 4% with sales increasing from 247,591 units in December 2017 to 258,709 units in December 2018.  Domestic two-wheeler sales registered a growth of 1% …

Jaipur, January 02, 2019: Allahabad bank country’s premier and oldest nationalised bank and SBI Life Insurance one of the largest private life insurers in India came together and signed a Bancassurance pact, to offer a holistic financial planning solution to consumers. One of the largest Bancassurance partnerships in the country will see 3,238 branches of Allahabad bank across the country …

Jaipur: 02nd January 2019: Aavas Financiers limited (Aavas), Jaipur based Affordable housing Finance company has received fresh Refinance Assistance of Rs. 400 Crores in addition to the approval of undrawn limit of Rs. 100 Crores pertaining to previous Year, in December 2018. Such refinance assistance will further strengthen liquidity position of the Company, post the successful round of fund raise …