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NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward The National Bank for Agriculture and Rural Development (NABARD) took center stage at the Global Fintech Fest (GFF), held from September 5th to September 7th, 2023 in Mumbai. NABARD highlighted its ground-breaking work to integrate digital financial services with rural and agri-economy. During the event, NABARD participated in a series of panel discussions addressing important topics. These included the far-reaching impact of digital identity and Know Your Customer (KYC) solutions on regulati...
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward
Source: PR Agency
9/09/2023 9:08:01 AM
Raminfo shines on getting nod to make upto 10% investment in Jaaga Real Estate Services Ram Info is currently trading at Rs. 101.25, up by 3.00 points or 3.05% from its previous closing of Rs. 98.25 on the BSE. The scrip opened at Rs. 99.80 and has touched a high and low of Rs. 107.95 and Rs. 97.00 respectively. So far 26957 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 151.85 on 12-Sep-2022 and a 52 week low of Rs. 80.66 on 12-Jul-2023. Last one week high and low of the scrip stood at Rs. 107.9...
Raminfo shines on getting nod to make upto 10% investment in Jaaga Real Estate Services
Raminfo shines on getting nod to make upto 10% investment in Jaaga Real Estate Services
Source: Accord Fintech
8/09/2023 3:01:09 PM
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary Ajay Chaudhary, an executive director who heads the fintech department at the Reserve Bank of India, has said sustainable growth of the fintech ecosystem can be achieved by putting in place a governance mechanism and focusing on customer-centricity.  Chaudhary stated ‘What is needed for the sustainable development and growth of the fintech ecosystem is the right thrust on customer-centricity and better governance standards. These can be achieved by balancing the needs of tomorro...
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary
Source: Accord Fintech
8/09/2023 10:32:53 AM
Fintech Has Been a Game Changer in Driving Inclusion and E-Governance in India: K Rajaraman, IFSCA Chairperson “For India, fintech has delivered in terms of financial inclusion. It has drastically reduced the turnaround time for financial services, simplified procedures and led to the emergence of very efficient and different business models.  Along with that, fintech has also helped in reducing the cost of financial intermediaries, enabled data aggregation and reduced credit and insurance risk. The financial inclusion and e-governance brought about by fintech in India have truly been a gam...
Fintech Has Been a Game Changer in Driving Inclusion and E-Governance in India: K Rajaraman, IFSCA Chairperson
Fintech Has Been a Game Changer in Driving Inclusion and E-Governance in India: K Rajaraman, IFSCA Chairperson
Source: PR Agency
6/09/2023 5:43:16 PM
Primary focus of G20 is exchange of ideas on interoperability of fast payment systems, says FM Finance Minister Nirmala Sitharaman on Tuesday said that the primary focus for G20 is prioritising the exchange of information regarding national experiences and international efforts related to the interoperability of fast payment systems. This is aimed at improving cross-border payments, she said during her address at the Global Fintech Fest 2023 in Mumbai. "We’re talking about responsible financial ecosystem today when globalisation is being questioned. Globalisation has h...
Primary focus of G20 is exchange of ideas on interoperability of fast payment systems, says FM
Primary focus of G20 is exchange of ideas on interoperability of fast payment systems, says FM
Source: IANS
5/09/2023 1:42:39 PM
India`s fintech ecosystem to reach $70 bn in annual revenue by FY30    India’s fintech ecosystem, the third-largest globally, is expected to reach a scale of $70 billion in annual revenue by FY30, accounting for 18-20 per cent of the addressable financial services revenue pool, a report showed on Thursday. India’s fintech industry offers a $400 billion value creation opportunity by 2030, according to the report by Elevation Capital, a leading early-stage venture capital firm. “India’s fast-growing digital population,...
India`s fintech ecosystem to reach $70 bn in annual revenue by FY30
India`s fintech ecosystem to reach $70 bn in annual revenue by FY30
Source: IANS
31/08/2023 3:11:38 PM
Prodigy Finance establishes another $350 mn facility for international masters students with Citi, Schroders Capital, and SCIO Capital Prodigy Finance, a social impact-driven FinTech and a leading international student loan lender, is proud to announce a $350 million facility with Citi, Schroders Capital and SCIO Capital. This is the first transaction that Prodigy has closed under their new multi-issuance special purpose vehicle structure. The joint initiative between Prodigy Finance and their funding partners represents a significant commitment to providing accessible financial support to aspiring masters students fro...
Prodigy Finance establishes another $350 mn facility for international masters students with Citi, Schroders Capital, and SCIO Capital
Prodigy Finance establishes another $350 mn facility for international masters students with Citi, Schroders Capital, and SCIO Capital
Source: IANS
18/07/2023 9:35:11 AM
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital Fintech company Lendingkart on Tuesday said it has raised Rs 200 crore in long-term debt funding from growth-stage debt financing platform EvolutionX Debt Capital. The company said it will use the funds to drive its growth as it looks to build on its profitable yearly numbers in FY23 and drive its core business growth by enabling financing for a much higher number of MSMEs across the country. Lendingkart will continue to invest in its tech capabilities which bolster its lending platform...
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
Source: IANS
27/06/2023 5:35:31 PM
Paytm enables digital donations and VIP Darshan at Puri Jagannath temple during Rath Yatra One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, today announced that it is enabling devotees visiting Puri’s Jagannath temple to make donations using Paytm UPI and Paytm UPI Lite by scanning its QR code.   On the auspicious occasion of the Rath Yatra, the company is offering a VIP Darshan to select devotees making donations through the Paytm app until June 25...
Paytm enables digital donations and VIP Darshan at Puri Jagannath temple during Rath Yatra
Paytm enables digital donations and VIP Darshan at Puri Jagannath temple during Rath Yatra
Source: PR Agency
21/06/2023 3:11:44 PM
Pepper Group to invest $150 mn to establish a fintech in India Global consumer finance company Pepper Group on Monday said it will invest $150 million over the next four years to establish a fintech in India. The fintech, under the Pepper Money brand, will be spearheaded by former FlexiLoans co-founder Abhishek Kothari. The company aims to hire a 200+ team to deliver consumer finance products that embed a localised approach to the market. With plans to launch in the second half of 2023, Pepper Money India will introduce personal finance products...
Pepper Group to invest $150 mn to establish a fintech in India
Pepper Group to invest $150 mn to establish a fintech in India
Source: IANS
12/06/2023 2:55:50 PM
Paytm further cements merchant payments leadership with over 75 lakh devices deployed Indias leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023. Consumer engagement on the Paytm Super App continues to see robust expansion of its consumer base with the average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 per cent year-on-year. As it strengthens its leadership in offline payments, the QR pioneer said it achieved a new mil...
Paytm further cements merchant payments leadership with over 75 lakh devices deployed
Paytm further cements merchant payments leadership with over 75 lakh devices deployed
Source: IANS
5/06/2023 11:32:18 AM
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY Fintech startups in the country attracted investments worth $1.2 billion in Q1 2023, 55 per cent lower (year-on-year) than $2.6 billion they raised in the same period last year, a report showed on Thursday. It was an uneventful quarter in terms of IPOs and unicorns for the sector.ANo companies from the fintech space went public in Q1 2023, and there were no new entrants in the unicorn club. However, this was a sharp jump of 126 per cent when compared with $523 million raised in Q4 of 20...
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY
Source: IANS
13/04/2023 12:25:45 PM
Abans Holdings Limited appoints Mr. PK Nagpal as an Independent Director Abans Holdings Limited is pleased to announce the appointment of Mr. PK Nagpal as an Additional Director (Non-Executive & Independent).  Mr. Nagpal, Retd. Executive Director, SEBI has a vast experience in securities markets. He worked in all operational Departments of SEBI. He was involved in policy formulation and implementation of Regulations, Registration, Supervision and inspection of Market Intermediaries and Stock Exchanges, investigation of market manipulation and insider t...
Abans Holdings Limited appoints Mr. PK Nagpal as an Independent Director
Abans Holdings Limited appoints Mr. PK Nagpal as an Independent Director
Source: PR Agency
22/02/2023 1:53:00 PM
Paytm deployed Mahashivratri special QR codes at 9 Jyotirlingas, Haridwar enabling devotees to pay digitally via Paytm UPI at holy pilgrimage sites * Offers consumers the flexibility of payments with Paytm Wallet, Paytm UPI LITE, Paytm UPI, Paytm Postpaid, debit and credit cards and netbanking * Paytm is a leader in offline payments in India, with the largest merchant base of over 31 million One97 Communications Limited (OCL) that owns the brand Paytm, celebrated Mahashivratri, one of the most important festivals in India, by deploying special QR codes at 9 Jyotirlingas and nearby temple areas in the country. The pioneer of QR and ...
Paytm deployed Mahashivratri special QR codes at 9 Jyotirlingas, Haridwar enabling devotees to pay digitally via Paytm UPI at holy pilgrimage sites
Paytm deployed Mahashivratri special QR codes at 9 Jyotirlingas, Haridwar enabling devotees to pay digitally via Paytm UPI at holy pilgrimage sites
Source: PR Agency
22/02/2023 11:49:28 AM
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn According to Lotusdew Wealth, a smallcase manager, the public sector banks have the liquidity capacity to provide credit value at USD 100 billion. As of March 2022, cash and balances with RBI for Public Sector Banks are at USD 70 billion (Rs. 6.22 lakh cr.) when compared to USD 60 billion (Rs. 5.4 lakh cr.) as of March 2021. For Private Banks, cash and balances with RBI stood at USD 45 billion (Rs. 3.93 lakh cr. ) vs USD 35 billion (Rs. 2.9 lakh cr.) (YoY). This indicates that cash and balanc...
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn
Source: PR Agency
21/02/2023 3:01:08 PM
New Survey Reveals 67% of Indians Have Taken Personal Loans to Meet Fund Requirements, with 9% Taking Loans for Travel and Vacation: Saral Credit A new survey has been conducted by Saral Credit, a fin-tech platform that makes getting a personal loan easy and quick, to understand the key behavioral drivers which are driving the Personal Loan product in India. The Personal Loan product offers access to timely funds for an eligible individual to meet short-term fund requirements without inquiring into the end use of the loan proceeds. This survey conducted with 512 responds aims to provide insights into the factors that drive the growth...
New Survey Reveals 67% of Indians Have Taken Personal Loans to Meet Fund Requirements, with 9% Taking Loans for Travel and Vacation: Saral Credit
New Survey Reveals 67% of Indians Have Taken Personal Loans to Meet Fund Requirements, with 9% Taking Loans for Travel and Vacation: Saral Credit
Source: PR Agency
20/02/2023 5:03:19 PM
Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys Financial services startup ESOPDhan on Sunday said it is aiming at a Rs 500 crore loan book by 2025, helping many more people buy stock options being offered by their employers. So far, ESOPDhan has lent Rs 20 crore to 15 Bengaluru and Hyderabad-based employees of two US-based high growth tech companies. Set up by veteran investors Shravan Shroff and Nitin Agarwal, the firm seeks to ease the acquisition of stock options by employees of high-growth SaaS startups. "Our experience ...
Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys
Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys
Source: IANS
19/02/2023 12:32:42 PM
Global fintech investment nosedives in 2022, payments space shows top growth The global fintech market attracted $164.1 billion across 6,006 deals in 2022, falling from the high of $238.9 billion across 7,321 deals in 2021, a report showed on Friday. Payments space remained the strongest fintech sub-sector globally, attracting $53.1 billion in total investment, according to KPMG's 'Pulse of Fintech H2-2022' report. The sharp drop-off in fintech investment between the first half of 2022 and the second half -- from $119.2 billion to $44.9 billion -- hi...
Global fintech investment nosedives in 2022, payments space shows top growth
Global fintech investment nosedives in 2022, payments space shows top growth
Source: IANS
17/02/2023 5:30:27 PM
Change in Leadership at Angel One: Business as usual Angel One Limited, (formerly known as Angel Broking Limited), announces the resignation of its Chief Executive Officer, Mr. Narayan Gangadhar, with effect from 16th May 2023, due to personal reasons.   Angel One, a leading player in the Fintech industry in India, has been on a path of steady growth and is now ready to take the next steps in its evolution. With the successful rollout and migration of the super-app and receipt of in-principal approval for setting up the AMC business,...
Change in Leadership at Angel One: Business as usual
Change in Leadership at Angel One: Business as usual
Source: PR Agency
17/02/2023 1:57:56 PM
Fundraising gets tougher, 2023 super challenging for startup founders: Report Amid a deepening funding winter, only 53 per cent of startup founders had a positive fundraising experience (71 per cent of those who attempted to raise) in 2022, down from 92 per cent in 2021, a report said on Wednesday. Founders expect this year to be challenging, with 58 per cent of founders expecting a tough fundraising environment, according to the report by InnoVen Capital, Asia's leading venture debt firm. Hiring is also expected to slow down with only 38 per cent of startup ...
Fundraising gets tougher, 2023 super challenging for startup founders: Report
Fundraising gets tougher, 2023 super challenging for startup founders: Report
Source: IANS
8/02/2023 5:19:21 PM
Startup Support Program by LenDenClub Alpha launches their first cohort of fintech startups Mumbai, 31st January 2023: LenDenClub Alpha, the corporate venture capital (CVC) arm of LenDenClub, announced its first cohort of the ‘Bharat FinTech Program’. It launched last quarter to foster innovation, encourage, and support fintech start-ups in semi-urban and rural India. From over 150 applications received for joining the incubation program, six innovative fintech startups across India were selected, which will be nurtured under the program in association with Startup ...
Startup Support Program by LenDenClub Alpha launches their first cohort of fintech startups
Startup Support Program by LenDenClub Alpha launches their first cohort of fintech startups
Source: PR Agency
31/01/2023 3:59:24 PM
Pre-Budget expectations : Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform Says S Anand, PaySprint Below are Views On Pre-Budget expectations quotes from S Anand, CEO & Co-Founder of PaySprint, "India boasts a staggering 87% adoption rate of fintech, significantly greater than the global average of 64%. Consequently, the Indian Fintech industry is set on a steep growth trajectory, expected to reach Rs 9.2 billion at a CAGR of 24.96% between 2022 and 2027. Supported by the robust startup ecosystem, the Fintech industry is shaping up to be a solid contributor to the nation...
Pre-Budget expectations : Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform Says S Anand, PaySprint
Pre-Budget expectations : Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform Says S Anand, PaySprint
Source: PR Agency
31/01/2023 3:50:50 PM
RazorpayX launches forex service for founders, to empower 1,000 startups RazorpayX, the business banking platform of fintech company Razorpay, on Monday announced its foray into a new product line called 'Forex Service for Startups'. With an annualised run rate of Rs 350 crore under this forex service to date, the company expects it to scale up by 3-4 times in the next financial year. Currently, forex transfers in India towards startup funding are riddled with several gaps, eventually taking up over 2 months in addition to a hefty late submission fee...
RazorpayX launches forex service for founders, to empower 1,000 startups
RazorpayX launches forex service for founders, to empower 1,000 startups
Source: IANS
30/01/2023 10:50:55 AM
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC Fintech platform PhonePe on Wednesday said the company envisions massive opportunities ahead across UPI, lending, account aggregator, insurance, and ONDC. PhonePe recently raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion, making it a decacorn. "General Atlantic is a really good blue chip global investor that has a long view on companies, which gives us the flexibility to be able to actually do at-scal...
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC
Source: IANS
26/01/2023 12:01:46 PM
Credit Saison India raises Rs. 540 crore in 2 tranches from Saison International, the Global Business Division of Credit Saison Co Capital infusion to help Credit Saison India (CS India) to continue to accelerate its growth Demonstrates parent company’s confidence in the Indian entity Bengaluru: Credit Saison India (CS India), one of India’s leading Neo-Lending Conglomerates, with a pan-India presence and a CARE AAA Credit rating, today announced that it has raised capital of Rs 540 cr in 2 tranches from Saison International, the Global Business Division of Credit Saison Co. Thi...
Credit Saison India raises Rs. 540 crore in 2 tranches from Saison International, the Global Business Division of Credit Saison Co
Credit Saison India raises Rs. 540 crore in 2 tranches from Saison International, the Global Business Division of Credit Saison Co
Source: PR Agency
25/01/2023 5:16:27 PM
Fintech startups in India raised $5.65 bn in 2022, a 47% drop from 2021 Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47 per cent in terms of funding amount and 29 per cent in the number of rounds when compared with 2021, a report showed on Thursday. This drop in funding can be attributed to the decline in late-stage funding from $8.3 billion in 2021 to $3.7 billion in 2022, a drop of 56 per cent, according to data provided by global software-as-a-service (SaaS)-based market intelligence platform Tracxn. Fintech s...
Fintech startups in India raised $5.65 bn in 2022, a 47% drop from 2021
Fintech startups in India raised $5.65 bn in 2022, a 47% drop from 2021
Source: Reuters
19/01/2023 2:12:55 PM
Fintech Startup Gullak launches Gold+ ; Now makes Gold a 16% asset class Becomes the first ever B2C app to give users an extra 4-5% in Gold grams every year on all Gold investments made on the app * Gullak is a leading fintech app that helps individuals automate their savings and invest in digital gold. * The startup has now become the first platform to digitise and democratise gold leasing for easy wealth generation * With this the app will provide its users an extra 4-5% returns p.a over Gold’s historical returns of 11% p.a on every gold investmen...
Fintech Startup Gullak launches Gold+ ; Now makes Gold a 16% asset class
Fintech Startup Gullak launches Gold+ ; Now makes Gold a 16% asset class
Source: PR Agency
5/01/2023 4:44:01 PM
Angel One records 60.7% YoY growth in its client base in December 2022; expands to 12.51 million The Fintech company’s Average Daily Turnover for Dec’22 was Rs 16.40 trillion, a significant 133.3% YoY growth Fintech company Angel One Limited (formerly known as Angel Broking Limited) recorded significant growth in December 2022, as its client base grew to 12.51 million, growth of 60.7% YoY, with a gross client acquisition of 0.33 million. The company performed well across business parameters in December 2022. Its retail equity turnover market share expande...
Angel One records 60.7% YoY growth in its client base in December 2022; expands to 12.51 million
Angel One records 60.7% YoY growth in its client base in December 2022; expands to 12.51 million
Source: PR Agency
5/01/2023 1:49:28 PM
BharatPe CEO Suhail Sameer now strategic advisor as firm looks for new head  Fintech platform BharatPe on Tuesday announced that Suhail Sameer will transition from the role of Chief Executive Officer (CEO) to Strategic Advisor, effective from January 7. Current CFO Nalin Negi has been appointed as an interim CEO to partner with senior executives to strengthen the company's business, as the Board is actively searching for the new CEO. "On behalf of the Board, we would like to thank Sameer for the tremendous contribution he made in steering BharatPe...
BharatPe CEO Suhail Sameer now strategic advisor as firm looks for new head
BharatPe CEO Suhail Sameer now strategic advisor as firm looks for new head
Source: IANS
3/01/2023 12:39:39 PM
PE-VC investments in India fell by 29% in 2022 Private Equity-Venture Capital (PE-VC) firms investments in India fell by 29 per cent in 2022 compared to the record highs of 2021. PE-VC firms invested $46 billion (across 1,261 deals) in Indian companies in 2022, compared to $65 billion (across 1,362 deals) in the previous year, according to Venture Intelligence. India minted a total of 21 unicorn companies (VC-funded startups valued at $1 billion or more) in 2022, 18 of them during the first six months of 2022 and less than half the 44 ...
PE-VC investments in India fell by 29% in 2022
PE-VC investments in India fell by 29% in 2022
Source: IANS
2/01/2023 9:20:55 AM
Fintech firm Money View raises $75 mn to scale core credit biz Fintech company Money View on Monday announced it has raised $75 million in its ongoing Series E funding led by UK-based asset manager Apis Partners, at a valuation of $900 million. With over 40 million app downloads, the company is currently operating at an annualised disbursal run rate of $1.2 billion, managing assets under management (AUMs) of over $800 million. The current funding also saw participation from Tiger Global, Winter Capital and Evolvence. "Our performance and gr...
Fintech firm Money View raises $75 mn to scale core credit biz
Fintech firm Money View raises $75 mn to scale core credit biz
Source: IANS
26/12/2022 5:22:44 PM
SaaS FinTech Zaggle bags `The Next 100 Global Awards 2022 - Spend Management Solutions`  Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends, has been awarded with ‘The Next 100 Global Awards 2022 - Spend Management Solutions’ for their product ‘Zoyer’. Infosys, Finacle, Banco Santander (Chile), Maveric Systems, Union Bank of the Philippines were few of the other corporates recognized at these awards.   ‘Zoyer’ is a cloud-native platform, available on a SaaS model and automates c...
SaaS FinTech Zaggle bags `The Next 100 Global Awards 2022 - Spend Management Solutions`
SaaS FinTech Zaggle bags `The Next 100 Global Awards 2022 - Spend Management Solutions`
Source: PR Agency
8/12/2022 5:12:26 PM
India`s Blume Ventures raises over $250 million for new fund  Blume Ventures, a seed-stage Indian investor, has raised more than $250 million for its fourth and largest fund to court more early-stage startups, the venture firm said on Wednesday. The new fund will focus on edtech, fintech, health, commerce and consumer internet. It will also invest in robotics, artificial intelligence, software-as-a-service and enterprise software, it said in a statement. The investors in the fourth fund include domestic and global family offices, sovereign w...
India`s Blume Ventures raises over $250 million for new fund
India`s Blume Ventures raises over $250 million for new fund
Source: IANS
7/12/2022 11:02:04 AM
Razorpay allows merchants to accept credit card payments via UPI Fintech platform Razorpay on Monday announced an industry-first move to enable merchants to accept credit card transactions on unified payments interface (UPI), as the digital payments landscape witnesses a stupendous growth. With RuPay credit cards being enabled on UPI, Razorpay merchants can begin accepting credit card payments on UPI, with minimal changes to their existing setup. The company said that move is made possible in partnership with Axis bank, which shares Razorpay's fo...
Razorpay allows merchants to accept credit card payments via UPI
Razorpay allows merchants to accept credit card payments via UPI
Source: IANS
5/12/2022 4:45:49 PM
Tech summit looks `Beyond Bengaluru` to achieve 10K startups goal by 2030 Even as the Bengaluru Tech Summit celebrates its 25th anniversary, the Karnataka government is looking beyond the capital city and moving aggressively to position emerging tech clusters from across the state on the digital global map. Concerted efforts to drive anchor industries across the three clusters in Phase 1 with the help of the industry and academic partners are underway. The 'Beyond Bengaluru' strategy envisages Mysuru as the hub for cybersecurity and ESDM, Hubballi-Dha...
Tech summit looks `Beyond Bengaluru` to achieve 10K startups goal by 2030
Tech summit looks `Beyond Bengaluru` to achieve 10K startups goal by 2030
Source: IANS
19/11/2022 10:02:03 AM
Bengaluru Tech Summit: Booster Kit initiative launched to facilitate startups` growth C.N. Ashwath Narayan, Karnataka Minister for IT/BT, launched the 'Booster Kit' initiative on Friday which aims to support the growth of startups in the state. As part of the initiative, the government inked nine MoUs at the Bengaluru Tech Summit 2022 with ecosystem partners, which included Google, Paytm, HDFC, RazorPay, Microsoft, The GAIN, Dayanand Sagar Entrepreneurship Research and Business incubation, AWS Activate and StrongHer Ventures. On behalf of the government, the offi...
Bengaluru Tech Summit: Booster Kit initiative launched to facilitate startups` growth
Bengaluru Tech Summit: Booster Kit initiative launched to facilitate startups` growth
Source: IANS
19/11/2022 9:49:24 AM
CarDekho to infuse $100 mn in its fintech subsidiary Rupyy IPO-Bound car search platform CarDekho Group on Monday said it aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and equity. Rupyy crossed Rs 500 crore of monthly disbursal volume of car loans in September. The brand plans to hit Rs 10,000 crore annualised disbursals by March 2023. As part of its initial rollout plan, the company will focus on EV Financing, and is in the process of setting up pan India tie-ups with OEMs in the space. "This infusion ...
CarDekho to infuse $100 mn in its fintech subsidiary Rupyy
CarDekho to infuse $100 mn in its fintech subsidiary Rupyy
Source: IANS
7/11/2022 2:27:49 PM
Digital Payment solutions record unprecedented growth in India  India has been extremely keen on adopting digital payment system fully and has been making giant leaps towards it. During the last three years, digital payment transactions have registered unprecedented growth in India. Easy and convenient modes of digital payment, such as Bharat Interface for Money-Unified Payments Interface (BHIM-UPI); Immediate Payment Service (IMPS); pre-paid payment instruments (PPIs) and National Electronic Toll Collection (NETC) system have registered substant...
Digital Payment solutions record unprecedented growth in India
Digital Payment solutions record unprecedented growth in India
Source: IANS
12/10/2022 5:14:49 PM
Key Stock News: Maruti Suzuki, JSW Cement, fintech, Nykaa, Zee Entertainment, Zydus Lifesciences - ARETE Securities Maruti Suzuki India vehicle production rises two-fold to 177k units in Sep Maruti Suzuki India on Monday reported an over two-fold rise in its vehicle production at 1,77,468 units in September 2022. The company had produced a total of 81,278 units in the same month last year. "The shortage of electronic components had a minor impact on the production of vehicles during the month," Maruti Suzuki India said in a regulatory filing. JSW Cement secures Rs 400 cr as sustainability-l...
Key Stock News: Maruti Suzuki, JSW Cement, fintech, Nykaa, Zee Entertainment, Zydus Lifesciences - ARETE Securities
Key Stock News: Maruti Suzuki, JSW Cement, fintech, Nykaa, Zee Entertainment, Zydus Lifesciences - ARETE Securities
Source: ARETE Securities Ltd
4/10/2022 9:34:38 AM
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk In a significant move, PayU (owned by Prosus) on Monday called off the $4.7 billion acquisition of Indian digital payments provider BillDesk, saying that "certain conditions precedent were not fulfilled" by the deadline. On August 31, global consumer Internet group Prosus announced that an agreement has been reached between PayU and the shareholders of BillDesk to acquire the fintech platform for $4.7 billion. The closing of the transaction was subject to the fulfilment of var...
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk
Source: Reuters
3/10/2022 2:45:54 PM
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem  India's fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, according to Chief Economic Advisor Dr V. Anantha Nageswaran. As the fintech industry aims to reach new horizons, Mintoak, a homegrown embedded fintech platform is enabling banks to digitally empower their merchant ecosystem by powering digital payments and financial services. Mintoak has built a modularised, cloud-native, API-first payments Platform-as-a-Service (PaaS) that allows their ba...
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem
Source: IANS
22/09/2022 4:27:11 PM
RBI Governor stresses fintech`s role as a force multiplier RBI Governor Shaktikanta Das in his address to the Global Fintech Fest (GFF) 2022 marked the theme of his talk as  Fintech as a Force Multiplier. "Technology, innovation and fintech are working in tandem and contributing to the dynamism of the sector. In our journey towards higher level of sustainable development and financial inclusion, these forces morphed into force multipliers," Das said. "We see lot of opportunities not only for enhancing the scope and depth of ...
RBI Governor stresses fintech`s role as a force multiplier
RBI Governor stresses fintech`s role as a force multiplier
Source: IANS
21/09/2022 9:55:23 AM
India`s fintech market to reach $1 trillion by 2030: Chief Economic Advisor  India's fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, Chief Economic Advisor Dr V. Anantha Nageswaran said here on Tuesday. Speaking at the 'Global Fintech Fest 2022' (GFF 2022), he noted that a major shift towards a more equitable distribution of investment across sectors including insurtech and wealthech, etc, has started taking place. "We are talking about bridging the digital divide and the economic divide. Therefore the fo...
India`s fintech market to reach $1 trillion by 2030: Chief Economic Advisor
India`s fintech market to reach $1 trillion by 2030: Chief Economic Advisor
Source: IANS
21/09/2022 9:49:42 AM
Future of financing in India is through digitisation : FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Tuesday said that future of financing in India is going to be governed through digitisation, noting that in July 2022 alone, 6.2 billion transactions worth Rs 10.6 trillion were conducted. Addressing the FICCI LEADS summit here, she said that UPI is aiming to achieve a target of 1 billion transactions in a day in the next five years. Today, even if there is no brick or mortar bank branches in rural areas, people are able to access banking facilitie...
Future of financing in India is through digitisation : FM Nirmala Sitharaman
Future of financing in India is through digitisation : FM Nirmala Sitharaman
Source: IANS
21/09/2022 9:38:56 AM
Quote on RBI Monetary Policy : Inflation forecast for the country is unchanged at 6.7% Says Mr. Sriram Mahadevan, Joyville Shapoorji Housing Pvt Ltd Quote on RBI Monetary Policy By Mr. Sriram Mahadevan, Managing Director, Joyville Shapoorji Housing Private Limited "The RBI has acknowledged that the inflation forecast for the country is unchanged at 6.7%. It now sees inflation for Q2 at 7.1%, Q3 at 6.4%, and Q4 at 5.8%, which is a marginal decrease. Its decision to hike the interest rate again by 50 basis points was expected to combat inflationary growth in the country. While an increase in home loan rates is likely to ha...
Quote on RBI Monetary Policy : Inflation forecast for the country is unchanged at 6.7% Says Mr. Sriram Mahadevan, Joyville Shapoorji Housing Pvt Ltd
Quote on RBI Monetary Policy : Inflation forecast for the country is unchanged at 6.7% Says Mr. Sriram Mahadevan, Joyville Shapoorji Housing Pvt Ltd
Source: PR Agency
6/08/2022 10:21:38 AM