Business Economy

Discount brokers gain pace, eye millennials

Discount broking, which till recently was looked upon as an evolving industry in India, is now gaining pace and is soon expected to be on par with full-service broking before even gaining a majority share of the market. Leading discount broking players are registering strong growth in client acquisition and overall business volumes and, according […]

Economy International

What is the Belt and Road Initiative, and why is China pushing it hard?

The story so far: Six years ago, Chinese President Xi Jinping launched a mammoth infrastructure project straddling many countries and continents. Of the projects, the most ambitious is the $60+ billion China-Pakistan Economic Corridor, aimed at linking China’s Xinjiang province with the Arabian Sea. What is it? The Belt and Road Initiative (BRI), also known […]

Business Economy

GVK Power arm to buy 10% stake in MIAL

GVK Power & Infrastructure Ltd. on Friday said its step-down subsidiary GVK Airport Holdings will acquire 12 crore shares of Mumbai International Airport Ltd. (MIAL) from ACSA Global for ₹77 each. On completion of the 10% acquisition from ACSA, along with the earlier acquisition of 13.5% from Bidvest, the shareholding of the GVK Group in […]