The company is targeting to grow the share of retail loans to about two-thirds of the book from 11% at present, and will also add other loan categories such as education loans and small business loans. Piramal Retail Finance, a business entity under Piramal Capital and Housing Finance, on Thursday said it has made a
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For Flipkart, the addition of Cleartrip is a step towards business diversification. It will open up new avenues of monetisation for the company, said Arpit Mathur, partner at Kearney. Flipkart on Thursday said it will wholly acquire online travel aggregator Cleartrip. Though it did not disclose the financial details of the transaction, sources said that
Bounce rates of anything above 25% remain a cause for concern as it shows retail delinquencies remain well above pre-Covid levels. The failure rates of auto-debit transactions on the National Automated Clearing House (NACH) platform, many of which are EMI requests, eased in March, showed data released by the National Payments Corporation of India (NPCI).
Unlike earlier, FY21 saw private equity investors focus majorly on portfolio deals across multiple cities and assets, rather on specific projects or cities. Covid-19 failed to put brakes on private equity (PE) investments into Indian real estate, which recorded its highest PE investments since FY16. More than $6.27 billion were put into the sector in
Interestingly, both the concepts are interlinked; the financial independence of the present day earns us wealth for the future. By T V Raman Gone are the days when people used to save money for retirement and emergency expenses only. Today, the focus is on a combination of financial planning and investment planning. Instead of just