Diwali extravaganza for buy-now, pay-later biz

The ‘buy-now, pay-later’ (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially […]

Continue Reading

Infra, small-cap, and PSU funds top one-year performance charts

The one-year returns for equity-oriented mutual fund (MFs) schemes have largely mirrored the gains made in the secondary market. However, schemes that invest in infrastructure (infra), small-cap, and public sector undertaking (PSU) banks have emerged standout performers, with gains in excess of 100 per cent in some cases. Of the total 484 equity schemes, 353 […]

Continue Reading

Hotels roll out red carpet for year-end vacationers

After a better-than-expected Dussehra weekend, hospitality firms are hopeful of ending the year on a positive note by doing good business over Christmas and the New Year. Typically, year-end bookings kick in two to four weeks before the season begins. Owing to pandemic-related uncertainties, hotels are seeing a significant reduction in the booking window, with […]

Continue Reading

Zee: Whose company is it anyway?

The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta. It is abundantly clear that Invesco, the largest shareholder in Zee Entertainment with about 18 per cent shares, and the Goenka family, who are the promoters but now […]

Continue Reading

Media & entertainment space gets new PE fund

In what is amongst the first focused fund in the space, India Media Entertainment Fund (IMEF) is raising Rs 500 crore, which will provide both equity as well as instruments like non-convertible debentures (NCD)  to companies in the  content, distribution platform and services areas. The private equity fund has appointed a high-profile advisory body which […]

Continue Reading

New Octavia comes packed with features but is pricey

With cars like the Toyota Corolla and the Honda Civic selling in very small numbers and potentially even being phased out, the Octavia has very little competition, says Pavan Lall. Almost 20 years after it was launched in India, the Skoda Octavia stands refreshed, renewed and totally reinforced as a premium executive sedan with little or […]

Continue Reading

How Tatas plan to grab the $100 billion-plus global 5G market

Together with TCS, the conglomerate is creating capacity to take advantage of the big new opportunity in 5G network and broadband rollout by acquiring Tejas a reputed telecom gear manufacturer and tying up with Airtel. Surajeet Das Gupta reports. The Tata group’s tryst with mobile services, with either CDMA or GSM technology, did not really […]

Continue Reading