As with other small financing banks, the bulk of Ujjivan's clients are microloan borrowers, and up to 70% of its assets are unsecured or free of collateral. The remaining 30% fall into the category of secured loans.
The administrator has received letters from a select few bidders, including Piramal, Torrent, Oaktree, and IndusInd Bank, asking for the deadline to be extended from the current August 10 to September 15.
A report released by the Commerce Department showed personal income in the U.S. increased by slightly more than expected in the month of June. The Commerce Department said personal income climbed by 0.6 percent in June following an upwardly revised 0.6 percent advance in May. Disposable personal income, or personal income less personal current taxes, increased by 0.7 percent in June after climbing by 0.6 […]
Extended weakness in the US dollar overseas is likely to keep the Indian rupee supported on Monday, August 1, 2022. The dollar index eased below 105 mark, tracking lower treasury yields following Fed rate decision. However, poor risk appetite across Asian markets on the back of fading economic data could weigh on the local unit. Chinese factory output unexpectedly shrank in July as fresh curbs […]
Also by 2030, the conglomerate hopes to rank among the top 5 technological corporations worldwide in the steel segment.
Over the next five years, it is anticipated that the pet food market, which is currently worth about Rs4,000 crore, will expand dramatically.
Dava Discount has opened Chemist and Druggist shops across India.
FICCI welcomes the recently launched initiatives and reforms in the power sector by the Honble Prime Minister Shri Narendra Modi in the form of the launch of National Solar Rooftop Portal and Revamped Distribution Sector Scheme focusing on the DISCOMs among others. These are steps in the direction towards uninterrupted power supply, which has been a cause of concern off-late. By augmenting power supplies and […]
The company had recently received orders for ~Rs12 crore for the infrastructure product segment.
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