Sales

Weddings, strong winters boost Aditya Birla Fashion’s Q3 sales

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New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL), that manages brands such as Pantaloons, Van Heusen, and Peter England in India, said strong demand during the wedding season in October and […]

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Insurance

Budget 2020: DDT withdrawal to increase tax liability of life insurance firms

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Insurance companies have enjoyed tax exemptions on dividend income and as such their effective tax rates have been lower than their nominal tax rate of 14.5%. The Budget has two proposals that […]

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Insurance

Budget 2020: Don’t see huge impact on life insurance biz due to new tax regime, says Max Life

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The Union Budget 2020 offered a new personal tax option to tax payers and the finance minister has indicated that the old regime may be phased out over time. Discussing in detail how […]

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Loan

After record profit, SBI looks to curb bad loan additions

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State Bank of India (SBINSE -4.98 %), the country’s largest lender, expects to curb growth in bad loans in the current quarter, its chairman said on Friday, after the bank reported its biggest quarterly […]

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Insurance

You may be able to avail standard indemnity health insurance policy sooner than you think

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Those confused with the variety of health insurance plans on offer, a standard health indemnity health insurance plan will be available sooner than you think. The Insurance Regulatory and Development Authority of India (IRDAI), […]

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Loan

Slowing loan growth halves Bank Mandiri’s profit growth in 2019

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State-owned Bank Mandiri booked almost 10 percent profit growth in 2019, although the figure was lower than in 2018 due to slowing loan growth. The publicly listed bank’s net profit grew 9.86 percent year-on-year (yoy) to Rp […]

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Loan

Maharashtra sugar mills seek loan waiver, restructuring of loans from govt

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Last season, the Maharashtra State Cooperative Bank (MSC) had given a bridge loan at the rate of 14% to factories. Maharashtra’s sugar industry on Thursday submitted a list of proposals before the […]

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Business

MobiKwik eyes Rs 1,000 cr business from payment gateway

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NEW DELHI: Fintech company MobiKwik on Wednesday said its payment gateway business unit will surpass revenues of Rs 1000 crores for the year 2021. The company doubled its revenue in the payment gateway business in 2019. […]

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