India and UAE Strengthen Strategic Partnership During Abu Dhabi Crown Prince’s Visit to Delhi
On Monday, President Droupadi Murmu welcomed Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, to Rashtrapati Bhavan, highlighting the “historic yet forward-looking” bilateral relationship between India and the United Arab Emirates (UAE). She noted how visionary leadership
How Is Your Credit Score?
YBB Personal Finance You may not realize how extensively the credit scores are used. Obviously, they are used for loan approvals – personal, auto, credit card, mortgage loans. But increasingly, they are used for utility & cell phone services, apartment rentals, insurance, job
Indian Startup Ecosystem Sees 13 Major Funding Rounds in 2024
In 2024, the Indian startup ecosystem has marked a significant milestone with 13 major funding rounds, underscoring a robust and dynamic investment landscape. These funding rounds reflect growing confidence and interest in the Indian startup sector, showcasing a broad range of industries and
PM Modi Aims to Establish Multiple ‘Singapores’ Across Bharat
During his visit to Singapore, Prime Minister Narendra Modi expressed his ambition to replicate Singapore’s success across India. Speaking at a meeting with Singaporean Prime Minister Lawrence Wong, Modi highlighted his vision of establishing several “Singapores” within Bharat. The two leaders discussed strengthening
Maldives President Approves New FDI Act to Enhance Investor Confidence and Drive Economic Reforms
Maldives President Mohamed Muizzu has approved a new Foreign Direct Investment (FDI) Act aimed at modernizing the country’s investment framework and boosting investor confidence, according to state media. The previous FDI Act, in place for 45 years, no longer reflected the current global
India’s Fintech Startups Have Grown Fivefold in the Past Three Years
India’s fintech sector has experienced remarkable growth, with the number of startups increasing fivefold from 2,100 in 2021 to 10,500 in 2024, according to a new report. JM Financial highlights that India now boasts 26 fintech unicorns, with a combined market value of
Sensex trades flat while FMCG stocks see gains
Indian equity indices remained largely unchanged on Tuesday amid mixed market sentiments. As of 9:51 a.m., the Sensex was down 76 points, or 0.09%, at 82,483, while the Nifty fell 17 points, or 0.07%, to 25,261. The broader market exhibited a positive trend.
Proptech platform Square Yards suffers about Rs 737 crore loss in last 3 fiscals
New Delhi, Aug 31 – While some new-age internet and tech companies continue to clock revenue growth, their losses are also soaring and proptech firm Square Yards is a perfect example. In the last three fiscals, the company has registered a loss of
FPIs buying in Indian debt market as rupee remains stable this year
New Delhi, Aug 31 – Foreign portfolio investors (FPIs) have increased buying in the Indian debt market because the rupee has been stable this year and the stability is expected to continue, market watchers said on Saturday. Bulk of the buying that FPIs
Record forex reserves to boost economy, promote domestic trade: Industry
New Delhi, Aug 31 – The record all-time high level of India’s forex reserves will create external sector resilience and boost economy across sectors, industry experts said on Saturday, as the country’s forex reserves surged $7.023 billion to touch a new high of
UPI processed Rs 81 lakh cr worth transactions in April-July, up 37 pc YoY
New Delhi, Aug 31 – Surpassing world’s leading digital payments platforms, India’s Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year). According to latest data by
Personal finance insights: Market sentiments, investment strategies & economic trends
By: YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +27.9% (high)$NYA50R, NYSE %Above 50-dMA 73.66% (overbought) $SPXA50R, SP500 %Above 50-dMA 79.80% (overbought)Delta MSI 70.4% (overbought, barely) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.84%, Hybrids 4.50%, Bonds 17.84%, M-Mkt 16.82% INTEREST RATESCME FedWatchCycle peak 5.25-5.50%FOMC
Adani Ports acquires 80 pc stake in Astro Offshore for $185 mn to boost marine portfolio
Ahmedabad, Aug 30 – Adani Ports and Special Economic Zone (APSEZ) on Friday announced its acquisition of an 80 per cent stake in global offshore support vessel operator Astro Offshore for $185 million in an all-cash deal. Astro will enhance Adani Ports’ global
India’s fintech industry received record $31 bn investment in last 10 years: PM Modi
Mumbai, Aug 30 – India’s fintech revolution is improving financial inclusion as well as driving innovation and in the last 10 years, the industry has received a record investment of more than $31 billion, along with witnessing a startup growth of 500 per
India’s tyre exports bounce back in April-June quarter
New Delhi, Aug 30 – India’s tyre exports have bounced back in the first quarter (April-June) of the current financial year with a 17 per cent jump to Rs 6,219 crore, according to a statement issued by the Automotive Tyre Manufacturers Association (ATMA).
Nifty likely to reach 26,820 in next 12 months: Report
Mumbai, Aug 30 – Nifty is likely to meet a 12-month target of 26,820, revised higher from earlier target of 26,398, market analysts said on Friday, amid high expectations for a festival season revival, supported by favourable monsoon conditions, and a strong infrastructure
Over 200 pc surge in property registrations among Mumbai’s elderly post-Covid
Mumbai, Aug 30 – The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a
Sensex trades higher after opening at new all-time high
Mumbai, Aug 30 – Indian equity indices were trading higher after opening at a fresh record high on Friday, following positive cues from Asian peers. At 9:37 a.m., Sensex was up 221 points or 0.27 per cent at 82,355 and Nifty was up
E-commerce payments in India projected to cross $292 bn by 2028: Report
New Delhi, Aug 30 – Led by growing consumer preference for online shopping and strong internet penetration, India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 18.7 per cent, from $147.3 billion this year to $292.3
Moody’s ups India’s GDP growth forecast to 7.2 pc for 2024
New Delhi, Aug 29 – New York-based Moody’s Ratings on Thursday raised its forecast for India’s GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in