Suvashree Ghosh Bloomberg
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- News
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Why Plan To Revive Jet Airways Is In A Mess
Lenders to bankrupt Jet Airways India Ltd. are resisting a court-approved resolution plan, further delaying the former No. 1 private airline's return to the skies, according to people familiar with the matter.
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BlockAura Crypto Coin Cracks After Attracting Indians With 3,100 Percent Returns
BlockAura, a crypto coin that many Indians have invested in, surged 3,100 percent over the past eight months. Many investors in India are betting crypto is the quickest way to get rich, lured by a raft of startups promising yields as high as 25 percent a month. Here's how a tumble in the value of the crypto coin could affect Indian investors.
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Creditor Revolt Scuttled Mukesh Ambani's $3.2 Billion Retail Deal: Report
It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.
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IDFC Bank CEO Gifts $500,000 Of Shares To Chauffeur, Maths Tutor
The chief executive officer of IDFC First Bank Ltd. gifted $530,000 worth of the shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy in India.
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Paytm CEO's Fixation On Delivering A Record IPO Led To A First-Day Flop
Vijay Shekhar Sharma wiped away tears of joy as he recounted his rise from a "commoner" to the leader of a digital payments giant that just completed India's biggest-ever initial public offering.
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Axis Bank Worries About Vodafone Idea, Looks To Government Support
The financial health of Vodafone Idea Ltd. is a concern for lenders, although the government is expected to find a solution to prevent the collapse of the loss-making Indian telecommunications company, according to Axis Bank Chief Executive Officer.
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A $1 Billion Covid Crypto Donation For India Hits Red Tape
Two months after Ethereum co-founder Vitalik Buterin donated about $1 billion in cryptocurrency to an India Covid relief fund, about $20 million has been paid out so far.
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Bitcoin Buying Frenzy: Even Gold-Obsessed Indians Are Now Pouring Billions Into Cryptocurrencies
The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal.
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"Flying Blind": Gold-Obsessed Indians Now Pouring Billions Into Crypto
The cryptocurrency aficionados' mantra that Bitcoin is equivalent to digital gold is winning converts among the world's biggest holders of the precious metal.
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Indian Banks Recover Nearly $1 Billion From Vijay Mallya
Banks in India received Rs 71.82 billion ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd, according to a statement by the Enforcement Directorate.
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India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
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India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
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Uday Kotak Says Best Time To Invest In India, Lists 5 "Right Sectors"
Overseas investors should look to invest in Indian digital to consumer sector companies now as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Asia's richest banker said.
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"Need To Deliver": Toughest Finance Job Keeps Yes Bank CEO Awake At Night
Late in the evening of March 5, Prashant Kumar took an unexpected call from his boss at State Bank of India. He was offered the job of rescuing the country's most troubled private-sector bank, and -- if he accepted -- told to report for work at 8 a.m. the following morning.
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Virus Gives Online Payments Fresh Boost 4 Years After Cash Ban
The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.
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Why Plan To Revive Jet Airways Is In A Mess
Lenders to bankrupt Jet Airways India Ltd. are resisting a court-approved resolution plan, further delaying the former No. 1 private airline's return to the skies, according to people familiar with the matter.
-
BlockAura Crypto Coin Cracks After Attracting Indians With 3,100 Percent Returns
BlockAura, a crypto coin that many Indians have invested in, surged 3,100 percent over the past eight months. Many investors in India are betting crypto is the quickest way to get rich, lured by a raft of startups promising yields as high as 25 percent a month. Here's how a tumble in the value of the crypto coin could affect Indian investors.
-
Creditor Revolt Scuttled Mukesh Ambani's $3.2 Billion Retail Deal: Report
It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.
-
IDFC Bank CEO Gifts $500,000 Of Shares To Chauffeur, Maths Tutor
The chief executive officer of IDFC First Bank Ltd. gifted $530,000 worth of the shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy in India.
-
Paytm CEO's Fixation On Delivering A Record IPO Led To A First-Day Flop
Vijay Shekhar Sharma wiped away tears of joy as he recounted his rise from a "commoner" to the leader of a digital payments giant that just completed India's biggest-ever initial public offering.
-
Axis Bank Worries About Vodafone Idea, Looks To Government Support
The financial health of Vodafone Idea Ltd. is a concern for lenders, although the government is expected to find a solution to prevent the collapse of the loss-making Indian telecommunications company, according to Axis Bank Chief Executive Officer.
-
A $1 Billion Covid Crypto Donation For India Hits Red Tape
Two months after Ethereum co-founder Vitalik Buterin donated about $1 billion in cryptocurrency to an India Covid relief fund, about $20 million has been paid out so far.
-
Bitcoin Buying Frenzy: Even Gold-Obsessed Indians Are Now Pouring Billions Into Cryptocurrencies
The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal.
-
"Flying Blind": Gold-Obsessed Indians Now Pouring Billions Into Crypto
The cryptocurrency aficionados' mantra that Bitcoin is equivalent to digital gold is winning converts among the world's biggest holders of the precious metal.
-
Indian Banks Recover Nearly $1 Billion From Vijay Mallya
Banks in India received Rs 71.82 billion ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd, according to a statement by the Enforcement Directorate.
-
India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
-
India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
-
Uday Kotak Says Best Time To Invest In India, Lists 5 "Right Sectors"
Overseas investors should look to invest in Indian digital to consumer sector companies now as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Asia's richest banker said.
-
"Need To Deliver": Toughest Finance Job Keeps Yes Bank CEO Awake At Night
Late in the evening of March 5, Prashant Kumar took an unexpected call from his boss at State Bank of India. He was offered the job of rescuing the country's most troubled private-sector bank, and -- if he accepted -- told to report for work at 8 a.m. the following morning.
-
Virus Gives Online Payments Fresh Boost 4 Years After Cash Ban
The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.
