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Even as hundreds of millions of people in India have a bank account, only a tiny fraction of this population invests in any financial instrument. Fewer than 30 million people invest in mutual funds or stocks, for instance. In recent years, a handful of startu… ... Read more.
Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively you… ... Read more.
India’s top banks five years ago built the interoperable UPI railroads and enabled over 150 million people in the South Asian market to pay digitally. Scores of firms — including local firms Paytm, PhonePe, CRED and international giants Google and Facebook — … ... Read more.
India and Singapore are working to link their digital payments systems to enable “instant, low-cost fund transfers,” in a major push to disrupt cross-border transactions, the central banks of the two nations said on Tuesday. The project to link India’s Unifie… ... Read more.
More consolidation underway in the world of payments: Prosus — the Dutch tech giant that bundles together Naspers’ fintech, e-commerce and other international investments and businesses outside of South Africa — today announced that it would pay $4.7 billion … ... Read more.
Indian crypto exchange CoinSwitch Kuber is in advanced stages of talks to raise a new financing round at up to $2 billion in valuation, several sources familiar with the matter told TechCrunch. If the talks materialize in a deal, CoinSwitch Kuber will become … ... Read more.
Pine Labs said on Thursday it has raised an additional $100 million, just weeks after securing $600 million in a financing round, as the Asian merchant commerce platform begins to explore the public markets. The U.S.-based investment management company Invesc… ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PU6KTTRPVJMKFOB72F66FHNCK4.jpg "Monetary policy support to India economy should continue - MPC minutes - Reuters India")
India needs to continue monetary policy support for the economy while remaining watchful of inflationary pressures, Reserve Bank of India (RBI) Governor Shaktikanta Das said in the minutes of the latest monetary policy committee (MPC) meeting. ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/APWIKUQFQJKI7OPBQRWAVABVZI.jpg "India inflation path shifting down more favourably than hoped-RBI bulletin - Reuters India")
The softening of prices of various food items is likely to extend into the third quarter and contain the upside price pressures on headline inflation stemming from fuel and core prices, the central bank said in its bulletin on Thursday. ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CWFU4QL7KRI5FJA5PQOUP35SB4.jpg "Inflation in India likely to ease only gradually, RBI deputy says - Reuters India")
Inflation in India is likely to ease only gradually, Reserve Bank of India Deputy Governor Michael Patra said on Thursday, adding that the outlook on growth and inflation will help determine the future course of monetary policy. ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/X6Z4O3HY2VPQPB23BCOBXCIKPQ.jpg "Morgan Stanley sees India winning global bond index spot early next year - Reuters India")
India is likely to win inclusion into one of the world's top bond indices early next year, investment bank Morgan Stanley said on Wednesday, predicting it could trigger an instant $40 billion buying surge and as much as $250 billion over the next decade. ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/2RZBKYDYCJPQRFV6ESP3FCPZLE.jpg "RBI lifts UCO Bank out of corrective action list after four years - Reuters India")
The Reserve Bank of India said on Wednesday it had taken UCO Bank (UCBK.NS) out of its prompt corrective action (PCA) list after finding that the state-run lender was not in breach of its… ... Read more.
A satellite image shows TD Bank Ballpark submerged in floodwaters after Hurricane Ida swept through the Bridgewater Township in New Jersey. Maxar Technologies/via REUTERS ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/G57PQCEQDNPWDC4ON4ZEHAPLSA.jpg "Morgan Stanley boldly sidesteps record India IPO - Reuters")
Morgan Stanley (MS.N) has become the talk of the town in Mumbai financial circles. The investment bank run by James Gorman decided not to pitch for a role on what is set to be India’s bigges… ... Read more.
Khatabook, a startup that is helping merchants in India digitize their bookkeeping and accept online payments, said on Tuesday it has raised $100 million in a new financing round as it prepares to launch financial services. The startup’s new financing round —… ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CKGFCEB5YNNXXBAG2CP6TM67IY.jpg "Central banks should not mandate")
The onus of promoting sustainable investments should lie with governments and not central banks, which already have significant other policy commitments, said Raghuram Rajan, former Reserve Bank of India governor. ... Read more.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/76NW2QELCFPI5J4HIQ2NN6NGIQ.jpg "Singapore and India")
The central banks of Singapore and India have agreed to link the payment services PayNow and the Unified Payments Interface (UPI) by July next year, Singapore's central bank said in a statement on Tuesday. ... Read more.
Indian shares hit record highs on Monday, boosted by automobile and metals' stocks, with sentiment broadly supported by Federal Reserve Chair Jerome Powell's signal that the U.S. central bank would remain patient in winding down its stimulus. ... Read more.
Reserve Bank of India revised guidelines on data storage laws to prohibit payment gateways and online merchants from storing customers' card details. ... Read more.
Indian shares slipped on Friday, dragged by metals and financial stocks, with sentiment dented further by worries about an early tapering of monetary stimulus by the U.S. Federal Reserve. ... Read more.
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Police claimed to have recovered a suicide note from his room. They also claimed that Mahant Giri has accused one of his disciples Anand Giri of ‘ment ... Read more.
Dr Mangala Borkar, Prof Geriatrics, GMC, AurangabadThe ability to forget pain, loss or adversities is a boon. However, if forgetfulness increases so much that it interferes with day to day living and causes distress to the family, puts the person at risk to h… ... Read more.
Cricket News: An authoritative Kolkata Knight Riders bossed Royal Challengers Bangalore from the beginning to the end to record a convincing nine-wicket win in thei ... Read more.
Adv. Swapnil Ambure and Adv. Prashant Patil representing Kundra and Thrope, said in a statement to ETimes that the ... Read more.
IPL 2021: Mumbai Indians' pacer Mitchell McClenaghan posts a hilarious question featuring Quinton de Kock on his Twitter handle. ... Read more.
Following the Inspiration4 SpaceX landing this weekend, Musk said on Twitter that Biden hasn't weighed in yet because he's "still sleeping." ... Read more.
US News: US President Joe Biden will hold bilateral talks with Prime Minister Narendra Modi on the margins of the Quad meeting in Washington on Friday, the Whi ... Read more.
PCB chairman Ramiz Raja said he is disappointed with England's decision to withdraw from a proposed tour in October. The ECB confirmed their decision to pull out from the tour days after New Zealand returned home from Rawalpindi, citing security concerns. ... Read more.
With around 70 million people suffering from diabetes in the country, India is called the diabetes capital of the world. ... Read more.
As a video containing Bharti's critical comments against bureaucracy surfaced on social media on Monday, the former Union minister expressed regret over her intemperate language used during an interaction with a delegation. ... Read more.
Actor Bhagyashree has spoken about the possibility of working with Salman Khan again and why it looks rather bleak. | Bollywood ... Read more.
He noted that the global understanding of systemic impact of climate change on the economy and the financial system as also its resultant impact on financial stability is evolving and, accordingly, the responses of central banks and supervisors around the … ... Read more.
South Asia News: NEW DELHI: Is Afghanistan deputy prime minister Mullah Baradar being held hostage in Kandahar? Has Taliban chief Haibatullah Akhunzada died? An air of. ... Read more.
Meanwhile, BJP President JP Nadda appointed Sukanta Majumdar, the BJP MP from the Balurghat Lok Sabha constituency, as the new chief of the West Bengal unit. ... Read more.
India is not in the list of countries whose vaccines are recognised in England, forcing travellers to be subjected to over a week tests and isolation. ... Read more.
Defence minister Rajnath Singh on Monday spoke to his US counterpart Lloyd Austin over the telephone with the discussion focusing on the situation unfolding in Afghanistan and issues connected to bilateral defence cooperation | Latest News India ... Read more.
In their first interview since returning to Earth, the all-civilian crew of SpaceX's Inspiration4 mission said on Monday that their the trip to space was 'awe-inspiring' and 'emotional.' ... Read more.
NCW chief Rekha Sharma said she is “utterly disappointed” that Sonia Gandhi, Congress chief, being a woman herself, decided to appoint Charanjit Singh Channi as the new chief minister of Punjab. | Latest News India ... Read more.
Navya Naveli Nanda and Jaya Bachchan cuddled together in a new photo. Check out what fans had to say. | Bollywood ... Read more.
The CCI nod comes a month after Adani Ports received the approval from Andhra Pradesh government to acquire the stakes in Gangavaram Port. ... Read more.
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Nintendo might not release a big update for Animal Crossing: New Horizons in October. Here's how it will impact the ACNH's community? ... Read more.
Eight years ago, the MMO Warhammer Online: Age of Reckoning shut down. But the fans of Warhammer Online won’t let... ... Read more.
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Kena: Bridge of Spirits is an action-adventure game that follows the path of a young girl gifted with magical abilities as she traverses throughout the world to aid the dead in passing over to the oth ... Read more.
Hagerty, which specialises in valuing collectible motor cars, says a 'concours' (meaning it is in such a condition it could be displayed in a museum) 928 today is worth an average of £30,600. ... Read more.
Fortnite Season 8 has just started, and one person with a YouTube channel named CommunicGaming claims to know how it will end. ... Read more.
eFootball will introduce a $40 DLC that will essentially bring the core elements of gameplay into the game with the mid November update. ... Read more.
If you want to play 'Lost Judgment' from RGG Studio and Sega as early as possible, this is everything you need to know about its launch. ... Read more.
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Here are some of the best Destiny 2 weapons that can players can use to try and go flawless in the revamped Trials of Osiris mode. ... Read more.
Samsung used new, stronger Armor Aluminum for the frame and a new PET layer for the inner screen that is 80% tougher than the Z Fold2 screen. ... Read more.
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Flagship locations expected to offer the consoles physically on September 23… ... Read more.
Windows 11 comes with a new Chat feature powered by Microsoft Teams. Here's everything you need to know about this new experience. ... Read more.
Amazon has just leaked a brand-new Kindle Paperwhite on Amazon Canada, giving us a sneak peek at some of its specifications. ... Read more.
Some specifications of the Surface Pro 8 have made their way to the Internet before Microsoft's event that will introduce the device to the world. The specifications match with previous speculations and share some previously unknown details, like its price. ... Read more.
Buy or Sell Bitcoin and 100+ cryptocurrencies with UPI instantly WazirX is India's fastest growing cryptocurrency exchange.... Read more.
