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NEW DELHI In a bid to improve credit flow to small businesses, the Union cabinet on Wednesday approved equity support of Rs 5,000 crore to Small Industries Development Bank of India (Sidbi), with the money to flow in three tranches.Govt will pump in Rs 3,000 crore in 2025-26 at the book value of Rs 568.7…
Image: https://www.prada-beauty.com/ Prada, the Italian luxury house that usually makes you think of sleek leather, minimalist couture, and runway vibes, just dropped a perfume inspired by chai. Yes, chai, that beloved, steaming cup of milky, spicy goodness that’s basically a cultural institution here.Their latest fragrance is called Infusion de Santal Chai, and it’s part of…
The Finance Ministry is once again examining the merger of three state-owned general insurance companies—Oriental Insurance, National Insurance and United India Insurance—after an improvement in their financial condition, PTI reported citing sources. The move revives a proposal first announced in the 2018-19 Budget to consolidate the three entities into a single insurer to improve efficiency…
KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…
