Retail Sales Surge As Shoppers Snap Up Deals On Black Friday

Retail technology platform Arzooo has seen a surge of 400% in appliance categories driven by tier-2 cities. “This surge is a testament to the fact that people in non-metros always purchase smartly, availing good discounts,” said Khushnud Khan, CEO and co-founder of the company that helps offline retailers compete with online sellers by leveraging digital inventory. Currently, Arzooo … Read more

Dr Devi Shetty On The Two Challenges That Indian Healthcare Is Facing

India’s two biggest healthcare problems are the lack of doctors and low penetration of health insurance, according to cardiac surgeon and Narayana Hrudayalaya Ltd. founder Devi Prasad Shetty. “We have hardly a tiny, tiny percentage of the population covered by health insurance,” Shetty told BQ Prime’s Muralidhar Swaminathan in an exclusive interview. “Without that (health … Read more

Justice Gautam Patel And Cyril Shroff On What is Waiting For Us in The ‘Amrit Kaal’

There are 10 major issues waiting to be resolved in the next 25 years, according to Shroff: 1. Antitrust: The increasing concentration of economic power and control of data among large corporations is going to create several antitrust concerns. 2. Corporate law and the emergence of jurisprudence on stakeholder governance: The Companies Act, 2013 is … Read more

Private Equity Firms Can Invest Directly As IRDAI Eases Insurance Rules

The insurance regulator on Friday approved a host of reforms, including easing the entry norms and reducing solvency margin that will unlock Rs 3,500 crore worth of capital for the insurers. The latest decisions are aimed at increasing the insurance penetration in the country and enabling ‘Insurance for All by 2047’. The Insurance Regulatory and … Read more

Strong Orderbook To Aid Dauntless Defence Stocks, Says ICICI Securities

Here’s why ICICI Securities is upbeat on defence and related stocks: The order book of defence-oriented companies is expected to improve in the second half of the fiscal, according to the ICICI Securities, citing Q2FY23 earnings calls. Hindustan Aeronautics expects its order book to increase by Rs 50,000 crore in the next six months from manufacturing orders, the brokerage said. Repair and … Read more

PNB Shares At 33-Month High On Nod For UTI AMC Stake Sale

Shares of Punjab National Bank Ltd. jumped to their highest in 33 months, a day after it received the government’s approval to sell its stake in UTI Asset Management Co. Separately, the state-run lender also saw multiple large trades. At least 1.82 crore shares, or 0.2% equity, of the lender changed hands in at least … Read more