The gross loan portfolio of micro loans at the end of the June quarter stood at Rs1.06 trillion, according to a Microfinance Institutions Network report Source: Livemint.com (http://www.livemint.com/rss/industry)
Lakshmi Vilas Bank has roped in McKinsey for consultation on strengthening and reorganising the MSME business, says CEO Parthasarathi Mukherjee Source: Livemint.com (http://www.livemint.com/rss/industry)
Andhra Pradesh’s power distribution companies are India’s first state-owned discoms to accept payments through Bharat QR Source: Livemint.com (http://www.livemint.com/rss/industry)
ICRA estimates that MFIs and SFBs together would need external capital of Rs9,000-11,000 crore for growing at a compounded annual growth rate of 25-30% Source: Livemint.com (http://www.livemint.com/rss/industry)
ItzCash’s parent Ebix has agreed to acquire the money transfer business of YouFirst Money Express Source: Livemint.com (http://www.livemint.com/rss/industry)
Yamaha launched its 250-cc motorcycle, Fazer 25, priced at Rs1.28 lakh (ex-showroom Mumbai) in India, which will hit the road next month Source: Livemint.com (http://www.livemint.com/rss/industry)
Shell is in talks to buy natural gas from Israel’s Leviathan field, combine it with output from Cyprus’s Aphrodite and pump it to an LNG plant in Egypt Source: Livemint.com…
Any Fed tightening will suck capital away from Asia and send currencies lower, prompting central banks to respond through either defending their currencies or hiking interest rates Source: Livemint.com (http://www.livemint.com/rss/industry)
The ordinance will allow the government to hike GST cess on luxury cars and SUVs to restore tax revenue from the auto industry Source: Livemint.com (http://www.livemint.com/rss/industry)
The completion of Rosneft’s Essar Oil acquisition deal paves the way for the Essar group to reduce its debt Source: Livemint.com (http://www.livemint.com/rss/industry)