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The UPI lesson that Federal Reserve needs to learn from India

According to Google, UPI was thoughtfully planned and critical aspects of its design led to its success.

mahindra mahindra ltd Q4 results

Dec 15, 2019, 08.27 AM IST

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MAHINDRA MAHINDRA LTD Q4 RESULTS

View: Is India’s EV dream for real?

In addition, ICE ( internal combustion engine) vehicles will also co-exist and will not be phased out. Compare this to his bold announcement a couple of years prior of India’s automobile industry needs to go all electric by the year 2030, an announcement which sent auto OEMs back to the drawing board as they scrambled to put in place their respective EV blueprints.

Anand Mahindra says entering commuter 2-wheeler space was a mistake

Anand Mahindra said entering the commuter bike space more than a decade a...

Ujjivan Small Finance Bank spikes 51% on market debut

The issue witnessed the highest subscription among all IPOs since January 2018.

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  • Axis Bank managing director and chief executive Amitabh Chaudhry said the bank has studied the market but has not found a perfect match yet. "We are evaluating opportunities all the time," he said, adding that the microfinance firms, which are doing well and can be a good fit, are mostly overvalued. "Nothing is on the cards at present."

    Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.

    We are going to see a bit of a liquidity squeeze because there has been a decent amount of selling by FIIs and a lot of block deals are sucking the liquidity out from the system. Every second day, an OFS or a block deal or even a QIP is sucking out the liquidity coupled with some of the IPOs.

    The upward revision in the ex-showroom prices of its motorcycles and scooters will be effective from January 1, 2010.

    Mahindra is proactively transitioning its mobility portfolio to BS-VI emission standards in a phased manner, well ahead of the statutory timeline of April 1, 2020, it added.

    We are cautious on the consumer space, where we think valuations are stretched specifically with the consumer staples pack. Between the consumer staples and consumer discretionary pack, there is still some upside left on the consumer discretionary side. But we are fairly cautious on the staples pack. On the consumption basket, we continue to be cautious on the auto sector.

    As part of the project, Tech Mahindra will provide ICT (Information and Communication Tehcnology) infrastructure, comprising of technological solutions including city network, smart water, smart sewerage, smart traffic, smart parking, smart environment, CCTV surveillance, data center and disaster recovery center etc.

    "IFC (International Finance Corporation) has invested USD 75 million from its own account and is mobilising another USD 125 million as parallel loans," it said.

    Two of the country’s largest private sector banks said they will hire a total of about 5,000 fresh graduates, with a greater emphasis on tech talent.

    The Swedish manufacturer is in the running to supply 114 Gripen fighters in a deal valued at more than $15 billion as PM Modi seeks to modernize armed forces reliant on mostly Soviet-era equipment in the face of threats from Pak and China. Saab faces a requirement that at least 85% of the planes be built locally in partnership with Indian firms.

    Founders Brin, Page step down; Pichai, who remains Google CEO, to run world’s third most valuable firm that currently faces regulatory scrutiny. Investors have rewarded Google stock, with the company’s market cap doubling to nearly $900 billion since Pichai took over. Pichai studied in IIT-Kharagpur before moving to Stanford University for his Masters.

    The company had sold 45,101 units in the corresponding month last year, M&M said in a regulatory filing. In the domestic market, sales were down 7 per cent at 38,614 units last month as compared to 41,564 units in November 2018.

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