CashNews.co UBS initiated coverage on power financiers like REC Ltd. and Power Finance Corp. with a ‘buy’ rating, given India’s high growth in renewable power generation and infrastructure capital expenditure. The brokerage views Power Finance Corp. and REC as financiers of high-growth renewable power generation and infrastructure capex in India and not as traditional power […]
CashNews.co India’s real estate sector has reached unprecedented heights in FY24, shattering records and redefining industry standards. A remarkable surge in residential property demand across key cities has sparked a launch spree among developers, leading to a drastic depletion of inventory levels. Defying expectations, the demand juggernaut has continued unabated, with luxury projects selling out […]
CashNews.co India’s digital payment transactions are likely to expand more than three times in volume, from 159 billion transactions in FY 2023-24 to 481 billion by FY 2028-29, according to a report by PwC India. In terms of value of payment transactions, the market is expected to grow double, from Rs 265 trillion to Rs […]
CashNews.co Global venture capital firm, QED Investors recently co-led a $11 million Series A round in revenue-based financing provider, Efficient Labs. With $4.5 billion in assets under management, the fintech-focused VC firm has more than 25 unicorns in its portfolio including NuBank, Credit Karma, and Sofi and the firm is co-founded by Nigel Morris, who […]
CashNews.co Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: ANI Artificial Intelligence and Machine Learning (AI/ML) “is poised to revolutionise financial services in unprecedented ways,” Reserve Bank of India (RBI) governor Shaktikanta Das said on Wednesday (August 28, 2024) addressing the Global FinTech Fest, a three-day event in Mumbai. “AI algorithms are […]
CashNews.co You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. In a recent discussion at the Global FinTech Festival, Shailendra Singh MD of Peak XV Ventures offered a comprehensive take on the dynamic world of FinTech, setting the stage for a broader conversation on the sector’s future. Singh categorises the FinTech industry into four […]
CashNews.co BENGALURU, Aug 28 (Reuters) – India’s Paytm (PAYT.NS)opens new tab has received an approval from the finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India’s banking regulator and financial crime-fighting agency after the central […]
CashNews.co Globally, the traditional 60:40 equity-to-bond portfolio has long been the foundation of asset allocation. However, the experiences of recent years have prompted investors to rethink how to build more resilient portfolios that can withstand various risk scenarios. This evolution in thinking emphasises the importance of active management, careful security selection in both equities and […]
CashNews.co US Banks May Explore Connection with India’s UPI System for Faster Payments On August 28, Christopher Waller, a member of the Federal Reserve Board of Governors, suggested that U.S. banks might consider connecting with India’s Unified Payments Interface (UPI) to expedite the development of a fast payments network. Speaking at the Global Fintech Fest […]
CashNews.co (Bloomberg) — Indian firms’ dollar bond offerings are set to gather pace with at least $4 billion of sales likely in the rest of 2024, as the Federal Reserve signals lower interest rates, according to a JPMorgan Chase & Co. executive. With interest rates on dollar bonds set to decline, more Indian firms will […]