How a domestic rating agency wants to take on the big guns. Mumbai: Homegrown Care Ratings Ltd plans to start its sovereign debt ratings service with countries in Asia and Africa, followed by Europe in the long term, a top executive said. The agency, which is creating a subsidiary in GIFT City for the purpose, will start with countries where it already has some presence, such as Nepal, Mauritius, and South Africa. The board of […]

How the health of Indian banks has improved over the past decade Mumbai: On Monday Prime Minister Narendra Modi said the condition of Indian banks and the wider banking sector has improved significantly over the past 10 years, during which the National Democratic Alliance (NDA) has been in power. Domestic lenders have seen bad loans dip over the years and are much stronger than they were a few years ago, thanks to several measures taken […]

‘Small’ isn’t beautiful for small finance banks. Mumbai: Shakespeare may have wondered what’s in a name, but for small finance banks, it perhaps makes a world of difference. Executives of small finance banks (SFBs) have requested Reserve Bank of India (RBI) officials to let them drop the ‘small finance’ tag at a recent meeting, two people aware of the matter said. Dropping the tag will improve branding and customer connect, and attract more current and […]

Indian Entrepreneurs to Focus on Essential Startups and Technologies Invest India’s Managing Director, Nivruti Rai, advocates for Indian entrepreneurs and investors to concentrate on startups and technologies addressing pressing global needs to keep investments flowing into India. During her speech at the Mint India Investment Summit 2024, Rai emphasized the need for India to develop startups that fulfill international needs. She pointed out a funding winter and underinvestment in certain tech sectors and signaled the […]

Regulators are forcing big tech to rethink its AI strategy. Trustbusters have big tech in their sights. On March 25th the European Commission opened a probe into Apple, Alphabet (Google’s parent company) and Meta (which is Facebook’s). Regulators in Brussels think the measures which the American technology behemoths have put in place to comply with the Digital Markets Act, a sweeping new law meant to ensure fair competition in the EU’s tech industry, are not […]