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Drivers who ply cars on Uber network can now avail of loans at rates under 12% following a tie-up with the State Bank of India (SBI). The loans will be cheaper because they are covered under the Pradhan Mantri Mudra Yojana and also because Uber will deduct instalment dues from ...

In a bid to address allegations that AirAsia India is a ‘foreign-controlled’ airline, the founder and CEO of Malaysian low-cost airline AirAsia Berhad, Tony Fernandes, on Wednesday said he applied for an OCI (Overseas Citizen of India) card last week. Fernandes is a Malaysian but his father hails from India, ...

In a bid to address allegations that AirAsia India is a ‘foreign-controlled’ airline, the founder and CEO of Malaysian low-cost airline AirAsia Berhad, Tony Fernandes, on Wednesday said he applied for an OCI (Overseas Citizen of India) card last week. Fernandes is a Malaysian but his father hails from India, ...

Sellers on marketplaces such as Amazon, Flipkart and Snapdeal say they’re being penalised because buyers are increasingly returning merchandise, adding to operational costs that they have to bear. The sellers complain that the marketplaces are not sharing logistics costs or returning commissions.

Saudi Arabia-based Islamic Development Bank (IDB) Group will approach the RBI to highlight the benefits of tweaking rules to allow Islamic finance in India. The meeting comes ahead of Prime Minister Narendra Modi’s visit to the Kingdom of Saudi Arabia next month.

Moody’s Investors Service has said that State Bank of India’s (SBI’s) profitability could face lingering pressure as it spends the next six-eight quarters rebuilding its balance sheet buffers. ICICI Bank also faces risks due to its large exposure to corporates.

If the breakneck speed at which Patanjali Ayurved is growing is not enough of a bad news for established FMCG companies in the country, there is more in the pipeline. Baba Ramdev’s company is on course to set up four more manufacturing units across India within the next couple of ...

Les Nocturnes de l’économie réunissent neuf économistes et experts, le 23 mars, en partenariat avec « Le Monde », à l’université Paris-Dauphine.

OBR says economy will only expand at a rate of 2.1% a year

Le gouvernement français a fait des concessions sur son projet controversé de réforme du travail pour tenter de contenir la contestation des syndicats de salariés et d’étudiants. Pour la ministre du Travail franco-marocaine, Myriam El Khomri, le fait de «trouver un point d’équilibre n’est pas un recul» (Ph. AFP)