Writing crop business does not make economic sense right now, says ICICI Lombard CEO

The crop insurance business is not making business sense for the largest private sector general insurer ICICI Lombard General Insurance. In the post results earnings call, Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, said that they have not been able to write any new crop business in H1FY20 due to the prevailing rates. “On the […]

Clash of business models as war for the grocery basket escalates

Online grocery seems like a simple enough business of delivering fruit and vegetables, staples and toiletries to homes, saving customers the hassle of going to a supermarket or kirana store. But as it turns out, it’s complicated to get a customer what he or she needs in time—and that’s why every e-tailer has evolved its […]

With Lakshmi Vilas Bank deal behind us, it is business as usual with more agility: Indiabulls

MUMBAI: A day after the RBI rejected merger proposal with Lakshmi Vilas BankNSE -4.87 %, Indiabulls Housing FinanceNSE 0.50 % on Thursday said the “uncertainty” about the deal is over and that the company has a stronger balance sheet after the massive cleaning up of its stable. On Wednesday, the Reserve Bank had rejected a proposal to merge Indiabulls Housing […]

Marico business update: Takeaways for consumer sentiment stay bleak

Marico’s business update does not paint an optimistic picture for the FMCG sector. In its Q2 FY20 update, the company said consumption demand has weakened progressively during the quarter. Further, liquidity issues remain challenging for partners in the distribution channel. We believe that this sets up a sombre context for the upcoming result season where market […]

IRCTC’s strong business model makes its IPO a good long-term investment

ET Intelligence Group: Longterm investors can consider subscribing to the initial public offering (IPO) of government-owned Indian Railway Catering and Tourism Corp (IRCTC). IRCTC has high cashflow, return on capital employed (over 20 per cent) and dividend payout (45 per cent in FY19). Its dominant market share in railway e-ticketing (over 70 per cent in […]

Bain Capital to enter credit business in India, hires director

MUMBAI: Bain Capital, world’s leading private multi-asset alternative investment firm, is all set to expand its operations in credit & special situations business in India. Bain Capital Credit, its credit specialist arm, has hired Suruchi Nangia as a director as part of setting up an independent Indian team for credit operations, two people close to the development said. Nangia, former […]

It’s a business cycle downturn, a lot rides on govt’s response: Raamdeo Agrawal

What is your assessment of the current slowdown? My sense is inventory correction is more or less done. The correction which you are seeing is the actual decline in the consumer demand. What is happening is that it is a situation where negativity is leading to further negativity. Nobody is talking good but if you […]

Vodafone Idea to close m-pesa business, writes off Rs 210 crore for payments bank closure

NEW DELHI: Vodafone Idea Ltd has decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), in which it was being merged with, a top official said on Monday. Nearly 17 months after it began operations, ABIPBL on July 20 announced winding up of its business on account of […]

New Business Trend: An Authentic Commitment To Purpose

“Ding dong, AVON calling!” was a catchphrase in the ’60s that represented more than door-to-door direct selling of cosmetics; it represented financial independence for women and a culture shift. More than 50 years later, the iconic brand is signaling a new business trend about putting purpose first by agreeing to an all-stock sale to Brazil-based beauty brand Natura valued at $2 billion, […]