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The Reserve Bank of India has given a clear indication that it does not want unsecured lenders to grow faster than 20%, according to three startup founders in the sector, who said a slowdown in new disbursals could result in an increase in bad loans. “While officially the RBI has taken a cautious stance, through backchannel conversations the industry has been asked to stay within the 20% growth limit and also keep the total cost of borrowing for the customers at moderate levels,” the founder of a digital lending startup said on the condition of anonymity.

Lafayete

With its limited balance threshold, it's best for customers who keep relatively minimal funds on hand.

Canada Post strike nears the three-week mark, the federal labour minister called the nationwide mail stoppage “highly disrespectful” of Canadians.Speaking to reporters in Ottawa on Wednesday, Steven MacKinnon said he has been in regular contact with special mediator, Peter Simpson, to see where both parties stand after mediated talks were temporarily suspended last week.“I’ve been in daily discussions with … the mediator who is shuttling between the parties to see if there is a reasonable prospect that mediation, if it resumes, it will succeed. He has not yet given me that advice,” MacKinnon said.“The parties are still very far apart, and that is in my view, among other things, highly disrespectful of Canadians who are suffering through this work stoppage, small businesses, people in rural and remote communities who rely on Canada Post’s services and these parties have to knuckle down and get the work done.”By Wednesday, the Canadian Federation of Independent Business had estimated that the postal strike, which began on Nov.

A new Dollarama distribution centre and a lot more of the chain’s stores are headed for Canada over the next decade.

Mexico has decided to increase its still strikingly low daily minimum wage by 12% next year

Rob Dixon, who has already served as an equerry to Prince William since the year 2020 eventually announced his departure from the role in an emotional LinkedIn post while stating it was ‘time to move on’, reported People. According to People, in his message, Rob Dixon expressed his gratitude for the ‘incredible opportunity’ to serve while highlighting how the role allowed him to grow and contribute alongside a talented team. He also reflected on significant events during his tenure which included the funerals of Prince Philip and Queen Elizabeth II, the Platinum Jubilee celebrations and King Charles III’s coronation. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult

Assam Chief Minister Himanta Biswa Sarma announced that a Cabinet expansion would take place on December 7 next. Assam cabinet meeting on Wednesday approved the unveiling of projects worth Rs One lakh crore project Another decision taken by the Cabinet is to convert the four-lane stretch of road leading to Lokapriya Gopinath Bordoloi International Airport to a six-lane one. An additional amount for Rs.116 crore for the six-lane road has been allocated from the state budget. The estimated cost for the project will be Rs.474 crore. The Cabinet decided to institute a separate literary award after noted litterateur Dr Homen Borgohain for those who are getting government pension. A one-time assistance for Rs.50,000 will be given to those who are already receiving any other pension. It was decided that the monthly literary pension will be given to individuals except government employees.

Aam Aadmi Party (AAP) leader Raghav Chadha brought attention to a series of ongoing issues with air travel in India, stating that the government has failed to deliver on its promise of affordable domestic airfares. Speaking in the Rajya Sabha on Wednesday during a discussion on the Bharatiya Vayuyan Vidheyak, Chadha highlighted the numerous challenges passengers face, from rising ticket prices to overcrowded airports and high baggage charges. Chadha began by emphasising that economy class, once regarded as an affordable option for the average traveller, is no longer economically viable. Quoting his own experience, Chadha pointed out that airfares for domestic flights have reached unreasonably high levels. «Economy class is no longer economical. Before coming to the debate in this house today, I was checking flight rates on my phone. If I have to travel from Delhi to Mumbai tomorrow, the ticket costs 14,000 rupees. The cheapest one-way ticket from Delhi to Patna is 12,000 rupees, and from Delhi to Bangalore, it’s 16,000 rupees,» Chadha said. He added, «And forget that, just the day before yesterday, I travelled from my region Punjab to Delhi. I took a flight from Mohali Airport to Chandigarh Airport and reached Delhi. The ticket for that flight was 14,500 rupees.»

On an adjusted basis, the bank earned $928 million, up from $850 million a year ago, resulting in earnings per share of $2.61. Analysts had expected the bank to earn $2.57 per share, according to Canaccord Genuity Corp.

The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year

Subscribe to enjoy similar stories. The Justice Department wants to turn America’s most successful search engine into a public utility. As part of its proposed remedies in its antitrust case against Google, the department would force the company to share its technology, data and models with competitors at marginal cost.

Subscribe to enjoy similar stories. Twenty-seven mutual fund schemes, three endowment and six moneyback life insurance policies. That was what Anurag Kesarwani's financial portfolio looked like until 2023.

This is a particularly notable trend in India. Currently valued at about USD 170 million, the EV leasing market is expected to develop at an astounding compound annual growth rate (CAGR) of 73%, reaching USD 4–5 billion by 2030. The increasing popularity of EVs and the growing acceptance of leasing as a wise substitute for ownership are both factors contributing to this development. Whether it is last-mile delivery companies upgrading their fleets or enterprises looking to optimise operational costs, EV leasing offers compelling advantages. Managing capital and operational costs EV leasing addresses one of the most significant challenges businesses face: high upfront capital expenditure. Purchasing EVs typically requires a substantial down payment, ranging from 10–25% of the vehicle's cost. Leasing, in contrast, demands only a security deposit equivalent to 3–6 months of lease payments, enabling businesses to scale their fleets with minimal initial investment. This approach not only preserves cash flow but also provides predictable monthly expenses, simplifying financial planning.

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Rahul Bothra, CFO, and Sriharsha Majety, MD & Group CEO, Swiggy, in conversation with ET Now post announcement of Q2 results. Bothra says while some of Swiggy competitors have been raising funds, that is mostly defensive capital. Swiggy has a very strong balance sheet with Rs 8,000 crore plus cash balance existing with us. They have a profitable food delivery business that continues to accrue cash into the treasury and the quick commerce business, which is expected to turn profitable in six to seven quarters and for which they have a substantial cash balance. So, there are no near-term fundraising plans. On the overall consolidated EBITDA loss and the net loss, which has widened on a sequential basis, what is adding to the pressure on the bottom line and when can we expect the loss to start narrowing? Rahul Bothra: If you look at our overall numbers, we have improved our adjusted EBITDA by 30% in our B2C GOV businesses over the last year with an improvement of Rs 147 crore.

New research shows that nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021

Ice-cream production in this quiet Ecuadorian town began in the mid-20th century in a convent for Franciscan nuns

Reliance Industries (RIL) is ending 2024 on a muted note and is down about 18% from its July peak as investors fear that the quick commerce disruption may impact billionaire Mukesh Ambani's ambitions in retail business. While refining margins, which fell sharply from June, have rebounded on the O2C side of the conglomerate’s business, Reliance Retail (RR) growth continues to disappoint and brokerages are reluctant to give it a premium valuation against other retail peers on lower near-term growth, real estate costs and capex intensity.

Subscribe to enjoy similar stories. One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So if GDP growth in the second quarter of 2024-25 surprised on the downside at 5.4%, the lowest in the last seven quarters, 2023-24 was a different story altogether, with second-quarter growth clocking 8.1%.

Subscribe to enjoy similar stories. Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The ruling presents a dilemma for Tesla’s board of directors, who had warned that Musk’s pay package as CEO is vital to keep the serial entrepreneur’s attention on the carmaker at a time when electric-vehicle sales are under pressure.