Tag: Profit
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Fino Payments Bank Poised for Small Finance Bank Transition, Anticipates Significant Profit Increase
Fino Payments Bank is preparing for a major business transition after receiving in-principle approval from the Reserve Bank of India (RBI) to convert into a small finance bank (SFB). Managing Director and CEO Rishi Gupta said the move will allow Fino to enter the lending business for the first time. Gupta said, “Payments bank cannot…
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Beyond Profit: Pune’s Culinary Expert Reveals Why He Left All His Businesses
When Ravish Arora, Pune’s pioneering culinary expert who is known for running some of the city’s best restaurants, bakeries and the most in-demand catering service, decided to call it quits this year, it took everyone by surprise. In a free-wheeling interview, he reveals just what made him take the step and discusses his future plans.…
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India’s Leading Airline: The Pursuit of Profit and Its Downfall
How India’s Top Airline Unraveled in Quest for Higher Profit Bloomberg.com IndiGo crisis: Delhi HC to hear on December 10 plea seeking govt support for affected passengers The Hindu ‘IndiGo’s Rostering Problem’: Govt Tells Parliament It Isn’t Taking Air Travel Disruptions Lightly | India News News18 Government may seek reconstitution of IndiGo’s board over FDTL fallout Moneycontrol ‘This is…
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Flight of Despair: The Fall of India’s Leading Airline in Pursuit of Profit
(Bloomberg) — On the evening of Dec. 2, just three days before India’s largest airline would lose control of its operations, IndiGo executives noticed that a technology glitch that was delaying late-night check-ins — a small failure that would soon cascade into one of the worst aviation disruptions in the country’s history. The problem, in…
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Bajaj Finserv Aims for ₹24,000 Crore Profit and 220 Million Customers by 2030
Bajaj Finserv – the holding company of Bajaj group’s financial services business – has laid out plans for the next five years. During this period, it is eyeing 18-22 per cent compound annual growth rate (CAGR) in net profit at ₹21,000-24,000 crore on a consolidated basis. It is also targeting over 220 million active…