Author: Benchmark Bureau

  • DP World joins India fund to create investment platform

    DP World joins India fund to create investment platform

    Dubai: DP World, the multi-country port operators headquartered in Dubai, and India’s National Investment and Infrastructure Fund (NIIF) have decided to create an investment platform to invest in ports, terminals, transportation and logistics businesses in India, an official document from DP world confirmed. The platform will invest up to $3 billion of equity to acquire […]

  • Paytm targeting five lakh customer base in Kerala

    Paytm targeting five lakh customer base in Kerala

    Paytm plans to invest Rs500 croe in 2018 to conduct merchant training and awareness creation about the digital payment platform.

  • Federal Bank Q3 profit marginally down

    Federal Bank Q3 profit marginally down

    Federal Bank has posted a net profit of Rs 260.01 crore for the quarter ended December 31, 2017 compared with Rs 263.70 crore the bank posted for the previous quarter ending September 30, 2017.

  • Close to Rs2.3cr loans may turn bad

    Close to Rs2.3cr loans may turn bad

    A senior financial analyst in the country forecasts that about Rs2.3 trillion of corporate loans will slip into bad loans in the next 12 to 18 months. Udit Kariwala, a senior analyst for financial institutions with India Ratings and Research said in a TV channel interview that his study found that around 2-2.5 per cent […]

  • MSME profit can go up 15 p c if buyers make prompt payment

    MSME profit can go up 15 p c if buyers make prompt payment

    The study on 5,000 MSMEs reveals that they can enhance profits by at least 15 per cent if they receive payments on time form corporate customers.

  • Some retailers willing to absorb VAT in UAE

    Some retailers willing to absorb VAT in UAE

    A few retailers in the UAE have decided to waive the 5 per cent VAT to help consumers cushion against further inflationary pressures, according to sources in Dubai Gold and Jewellery Group (DGJG), which has about 500 merchant members in the emirate. “They’re doing this as part of their marketing efforts. Some of them have […]