Category: Finance
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Latest trends in the cross-border payment revolution
Throughout the past decade, the rapid proliferation of mobile payment solutions has been a key enabler for digital economies across Asia and beyond. Building on our 2020 report, ‘The Next Wave: Emerging digital life in South and Southeast Asia’, which explores the emerging digital life in South and Southeast Asia, this paper examines new policy, […]
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Octa’s analysts predict possible market volatility with launch of Ether ETFs
The U.S. SEC has given preliminary approval to at least three of the eight asset managers planning to launch Ether ETFs, allowing them to start trading on 23 July. This approval depends on the submission of final offering documents. According to Bitwise CIO Matt Hougan, Ether ETFs could have a more significant impact on Ether’s […]
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Paytm Faces Financial Setback Amid Regulatory Challenges
In a significant financial downturn, Paytm, one of India’s leading digital payment companies, reported an increase in losses alongside a decrease in revenue for the latest quarter. This decline is attributed to the ongoing regulatory clampdown on digital financial services in the country. For the quarter ending June 2024, Paytm disclosed a net loss of […]
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Why 80% of investors rely on social networks for investment information
A recent research study conducted by Navi Mutual Fund among mutual fund investors and non-investors (Millenial and Gen Z) revealed some interesting insights into their decision-making and potential knowledge gaps. The study underscores the importance of greater financial literacy and dispelling misconceptions in empowering young adults to make informed investment decisions. Some key findings from the study […]
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Kotak Mahindra unveils a campaign ‘Sapno Ko SKIP nahi, SIP Karo’
It is a truth universally acknowledged that SIPs (Systematic Investment Plans) have taken India by storm. Today, more than 8 crore active SIPs is a testament to the growing popularity of SIPs. However, when we look closer, we find that many people stop their SIPs prematurely due to market fluctuations. This often happens because their […]
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60% believe mutual fund investing requires extensive financial knowledge: Study
While mutual funds are gaining popularity in India, a large section of investors try to stay away from putting the buck behind them. A recent research study conducted by Navi Mutual Fund among mutual fund investors and non-investors (Millenial and Gen Z) revealed some interesting insights into their decision-making and potential knowledge gaps. The study underscores the […]
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AI Fintech LoanSnap Faces Legal Troubles and Eviction Amidst $100M Funding Round
LoanSnap, an AI-powered fintech company renowned for its mortgage lending solutions, is currently navigating a tumultuous period marked by legal challenges, fines, and eviction, all while securing a significant $100 million in funding. The San Francisco-based startup, which utilizes artificial intelligence to streamline the mortgage application process, has been hit with a lawsuit alleging various […]
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Jio Financial Services unveils “JioFinance” App
Jio Financial Services Ltd announces the launch of their “JioFinance” app (in βeta mode). The app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface. Designed for friction-less navigation, “JioFinance” app will cater to users of all levels of familiarity […]
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BEL bags defence orders worth Rs.1,150 crores
Bharat Electronics Limited (BEL) has received orders worth Rs. 1,150 Crores till date during the financial year 2024-25. The orders demonstrate the Government of India’s intent to boost India’s security and strengthen defence forces with the latest and upgraded weapon systems. As per the details shared by BEL, which is a government-owned Navaratna DPSU, the […]
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Samsung’s Q1 Operating Profit Soars 930%, Outsmarting Apple
Samsung Electronics, the South Korean tech giant, reported a remarkable 932.8% increase in its operating profit for the first quarter of 2024 (January to March). This surge has exceeded expectations and highlights the company’s strong performance in a challenging economic environment. In the first quarter of 2024, Samsung also emerged as the world’s top smartphone provider, overtaking Apple […]
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