Business Scope

'Over the next 30 years, we're expected to extract as many resources from the planet as we have since the beginning of human civilisation'

Social impact organisation Grameen Foundation India on Wednesday made a case for increasing and diversifying revenue or remuneration for business correspondents (BC) agents in India. The Grameen Foundation India (GFI) presented four reports based on their previous work and future recommendations for the industry. Under the report 'Assisted E-commerce and ONDC: A New Revenue Source for BC Agents in India', it highlighted the need for increasing and diversifying the revenue of BC agents in India, who provide financial services to underserved rural populations. Under the 'Gender Mainstreaming in Business Correspondent Network - Grameen's I-CARE Framework', it said that I-CARE Framework will help to develop and share valuable insights on gender mainstreaming within BC networks for organisations working on financial inclusion. Similarly, another report titled 'Women-Friendly Micro-Saving Products' focused on the innovative micro savings products geared towards women and how they can hel

"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby

Small businesses-focused lender Ugro Capital on Monday said it aims to double its loan book to around Rs 7,000 crore by the end of this fiscal as it expands co-lending tie-ups. At present, the NBFC (Non-Banking Finance Company) has a loan book of Rs 3,650 crore, growing from Rs 1,375 crore a year ago on the back of a record disbursal of Rs 1,359 crore in the first quarter of FY22, Shachindra Nath, chairman and managing director, told PTI. He said along with the loans originated through its platform, the company's cumulative assets is around Rs 6,300 crore. Currently, 21 per cent of its Asset Under Management (AUM) is raised through the origination route and he expects this to touch 35 per cent by the end of this fiscal. In the June 2021 quarter this was only 2 per cent of the total AUM. Going forward, the company's lending model will be led by co-origination, he said, adding the current off-book AUM stands at Rs 750 crore which is 21 per cent at the end of June. The company plans t

With its unrelated new initiatives, the group will enter the turfs dominated by the likes of Intel, Samsung, Tesla, Huawei, Amazon and Walmart- all of which are more focused than it - writes T N Ninan

IT exports has touched the highest ever $100 billion mark, says Prasad