Hunger, Power Cuts In Zimbabwe, Zambia As Lake Level Hits Record Low

Hunger, Power Cuts In Zimbabwe, Zambia As Lake Level Hits Record Low

Kapenta Sales cooperative members spreading kapenta fish to dry in the sun on Lake Kariba in Zimbabwe. (AFP Photo) KARIBA, ZIMBABWE:  Lake Kariba on the Zambezi River border between Zimbabwe and Zambia used to be dotted with hundreds of commercial...
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Lodha Sells Rs 1,600-Crore Flats During Pre-Launch

Lodha Sells Rs 1,600-Crore Flats During Pre-Launch

Representational image Mumbai: Realty player Lodha Group on Monday said it has sold 2,000 flats worth Rs 1,600 crore at its township project in the adjoining Thane district during its pre-launch phase. The Group received interest from over 3,000 home...
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RBI Releases Final Rules for Payments, Small Finance Banks Licenses

RBI Releases Final Rules for Payments, Small Finance Banks Licenses

Reserve Bank of India (RBI) issued on Thursday final guidelines for companies seeking to set up so-called payments banks and small finance banks in a bid to expand banking services to more people and small businesses. Payments banks can accept...
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Funding The Unfunded: New Bank To Help Small Businesses Grow

Funding The Unfunded: New Bank To Help Small Businesses Grow

Mumbai: A new bank announced in the annual budget last week could boost loans and cut borrowing costs for India’s cash-starved small businesses — tailors, mechanics and phone booth operators who account for around a fifth of the economy. MUDRA...
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PM Modi to Launch MUDRA Bank Tomorrow

PM Modi to Launch MUDRA Bank Tomorrow

New Delhi: Prime Minister Narendra Modi will tomorrow launch MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for ‘Micro-Finance Institutions’ (MFIs).   The roles envisaged for MUDRA includ...
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85% Small Business Owners Start With Personal Savings: Report

85% Small Business Owners Start With Personal Savings: Report

Guwahati: Some 85 per cent small business owners start off by utilising only personal savings, affecting the way decisions are made as well as how entities are run, according to a report. According to the report, prepared for financial management...
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