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
Indian tablet market surges over 128 pc in April-June: Report
New Delhi, Aug 29 – The Indian tablet market saw a shipment of 1.84 million units in the April-June period, up 128.8 per cent (year-over-year), a new report showed on Thursday. While the slate tablet market grew by 178.1 per cent YoY, the
EET Fuels appoints Adrian Curry as Chief Decarbonisation Officer
Stanlow (UK), Aug 29 – EET Fuels, the trading name of Essar Oil UK, has announced the appointment of Adrian Curry as its Chief Decarbonisation Officer effective September 2. Adrian will lead the development and implementation of EET Fuels’ energy transition strategy, with
Sensex, Nifty close at all-time high, Tata Motors and Bajaj Finance top gainers
Mumbai, Aug 29 – Indian equity indices closed at an all-time high on Thursday following a strong rally in the auto and IT stocks. During the trading hours, both Sensex and Nifty reached new all-time highs of 82,285 and 25,192 respectively. At closing,
Most Indian firms progressing to mid-level maturity stage on AI: Report
New Delhi, Aug 29 – Majority of Indian organisations are progressing to the mid-level maturity stage on artificial intelligence (AI), with defined strategies and initial implementation of select use cases while aiming to scale these solutions further, a Nasscom report showed on Thursday.
Online Passport Portal shut for 5 days for maintenance
New Delhi, Aug 29 – The online portal for passport applications will be shut for the next five days for a maintenance exercise, the government said on Thursday. No new appointments will be scheduled during this period and appointments booked earlier will be
India’s fintech sector revenues to reach $190 billion by 2030: Report
Mumbai, Aug 29 – The Indian fintech sector continues to remain resilient and its revenues are projected to reach $190 billion by 2030, contributing to more than 20 per cent of all banking revenues, a new report has said. The Indian fintech sector
India should become ‘Repair Factory’ of the world: Consumer Affairs Secretary
New Delhi, Aug 29 – In a bid to address the current challenges in the repair and reuse of mobile and electronic products, the government on Thursday said India should become the ‘Repair Factory of the World’, enhancing consumer experiences in reusing the
India now has 334 billionaires, Gautam Adani and Family at the top: Hurun list
Mumbai, Aug 29 – As China sees a continuous decline in its number of billionaires, India now has a record 334 billionaires — up 75 compared to last year — led by Gautam Adani and Family at the very top, according to the
Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4
Ahmedabad, Aug 29 – Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore. The offering will include up to 80,00,000 secured, listed and
PhonePe launches PG Bolt to revolutionise in-app payments for merchants
New Delhi, Aug 29 – PhonePe Payment Gateway on Thursday announced the launch of PhonePe PG Bolt — a groundbreaking solution that empowers merchants by offering the fastest in-app payment experience to customers with a 99 per cent success rate. PhonePe PG Bolt