Hike Messenger, Airtel Payments Bank Collaborate on Digital Wallet

Screenshot from the Hike Wallet App Indian instant messaging application Hike on Wednesday partnered with Airtel Payments Bank to power its digital payment wallet. “We’re on track of over five million transactions this month (November) from services such as recharge and P2P. “We’re excited and we look forward to working with Airtel on supporting this effort to bring more […]

ITC’s cigarettes business lit up Q1 results but cess hike a wet blanket

ITC Ltd’s June quarter results give an idea of what might have been had the government not sharply hiked the cess on cigarettes. Cigarette sales rose by 6.6% from a year ago, while this segment’s profit rose by 9%. This was in a period when destocking by dealers led to most consumer companies reporting lower […]

Deutsche Bank launches $8.5 billion capital hike amid heavy restructuring

Deutsche Bank plans a significant capital hike alongside the flotation of its asset management holding and further restructuring from asset disposals, Germany’s biggest lender said on Sunday. The €8 billion ($8.5 billion) capital raise will be launched on March 21, the bank said in a statement, and undertaken via the issuance of new shares with […]