IIFL group reorganises business between 5Paisa and IIFL Securities

IIFL has decided to streamline the focus and remove the business overlap amongst it’s group entities, 5Paisa Capital and IIFL Securities (IIFLS). Pursuant to the reorganisation, Online Retail Trading (ORT) Business of IIFLS is being transferred to 5Paisa. The business being transferred is where customers are digital savvy and/ or millennials. They only need a … Read more

Dabur planning to enter into the Sanitary Napkin segment

The proposed launch by Dabur will be under the “Fem” brand. Initially it will be only available on Flipkart. Later it will be rolled out to other channels. This strategy seems somewhat counter intuitive given Dabur’s otherwise existing strong offline distribution network. Sanitary Napkin segment in India is witnessing increasing interest that is dominated by … Read more

Post corporate restructuring, Shriram Finance shares business outlook

Shriram Finance (SFL) is the consolidated NBFC arm of the Shriram group. It is formed through the merger of Shriram Transport Finance (STFC), Shriram City Union Finance (SCUF) and Shriram Capital (SC). The management has shared the following key pointers on the way ahead – In next 3 years, Vehicle loans will reduce from 77% … Read more

An old hand at Indigo resigns

Indigo is never short of news. Promoter’s spat. Staff complaints. And now the veteran, Sanjay Kumar resigns. Sanjay had joined Indigo in it’s earlier days in 2007 as Chief Commercial Officer and was currently the Chief Strategy and Revenue Officer. He is credited with creating Indigo’s mega spider web type of network. In between in … Read more

More China cities ease curbs in expansion of Covid policy shift

More Chinese provincial capitals relaxed Covid restrictions as authorities expand a policy shift toward reopening the economy after anti-lockdown protests erupted across the country. Kunming, in the southwestern province of Yunnan, will effective Sunday allow people to ride public transport without showing a PCR test, while Nanning in the neighboring Guangxi region scrapped such testing … Read more

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs

Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said. The talks have reportedly been going on for over a month now and SBI … Read more

RBI’s modified digital lending norms to come into effect from 1 Dec

The modified guidelines on digital lending by the Reserve Bank of India (RBI) will come into effect from Thursday, 1 December. The digital lending modified guidelines aim to protect customers from exorbitant interest rates and keep a check on unethical loan recovery practices. As per the new norms, all loan disbursals and repayments are to … Read more