The conglomerate’s airport head Jeet Adani, son of patriarch Gautam Adani, says the potential in India is so immense that it has no immediate plans to expand this vertical of business abroad.
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The UPI system now serves 491 million individuals and 65 million merchants. It connects 675 banks on a single platform, allowing people to make payments easily without worrying about which bank they use.
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The Chinese parent has diversified investments that range from healthcare to football clubs, asset management, banks, estate, hospitality, fashion and industrials. The conglomerate has a presence across the pharma value chain from manufacturing to diagnostics and medical devices. Shanghai Fosun…
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India’s ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture between Jio Financial and Allianz, and Valueattics Re, backed by Fairfax’s Prem Watsa and Oben Ventures.
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Viceroy Research intensifies its attack on Vedanta Group, alleging its semiconductor unit is a sham operation designed to avoid NBFC classification and facilitate fund transfers to its parent company during a liquidity crisis. Vedanta vehemently denies these allegations, asserting full…
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India’s bank loan growth dropped to 9.4% as of June 27, its lowest since March 2022, while deposit growth rose to 10%, outpacing credit demand. Despite rate cuts and easing liquidity, credit growth slowed due to weak investment demand. Economists…
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