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Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results-thumnail

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results

Paytm, the payments company has shown growth, in Q1 with a remarkable 39.4% increase in revenue to Rs 2,341 crore. The company’s losses have also decreased by 45% highlighting its

Finance

Jul 22, 2023

The UPI payment concept from India has now reached Sri Lanka after France and Singapore-thumnail

The UPI payment concept from India has now reached Sri Lanka after France and Singapore

Now, Sri Lanka, a neighbour, will accept payments made via India’s Unified Payments Interface (UPI) system.  In addition to UPI’s approval, a number of agreements were also signed between India

Finance

Jul 21, 2023

Investors in the online gaming industry want to meet with PM Modi to discuss 28% -thumnail

Investors in the online gaming industry want to meet with PM Modi to discuss 28% 

Concerns concerning the application of the Goods and Services Tax (GST) to online gaming operators have been voiced in letters to Prime Minister Narendra Modi by investors in India’s online

Finance

Jul 21, 2023

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal-thumnail

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal

Billionaire investor Radhakishan Damani, the founder of Avenue Supermarts has made an acquisition by purchasing Health and Glow a known beauty and personal care retail chain based in Bangalore. The

Business

Jul 21, 2023

A South American meatpacker seeks $125 million in export financing-thumnail

A South American meatpacker seeks $125 million in export financing

Frigorifico Concepcion SA, a South American meatpacker, intends to borrow up to $125 million from investors this year to boost exports, according to director Jorge Usandivaras. Usandivaras anticipates closing the

Finance

Jul 21, 2023

Chinese Authorities’ Measures Aim to Revive Sluggish Economy, but Investors Remain Unimpressed-thumnail

Chinese Authorities’ Measures Aim to Revive Sluggish Economy, but Investors Remain Unimpressed

As the Chinese economy faces challenges in its post-pandemic recovery, Chinese authorities have taken steps to bolster sales in the automobile and electronics sectors. However, these measures have failed to meet investor expectations, who are calling for more robust stimulus to stimulate growth.

Business

Jul 21, 2023

Adani’s $34,000 crore PVC project in Mundra will be financed by a PSB consortium led by SBI-thumnail

Adani’s $34,000 crore PVC project in Mundra will be financed by a PSB consortium led by SBI

Adani’s 34,000 crore PVC project in Mundra would be funded by a consortium of PSBs led by SBI. According to a report by The Hindu Businessline (BL), a group of banks led by the State Bank of India (SBI) have agreed to fund a significant portion of the 34,000 crore polyvinyl chloride (PVC) project in Mundra by the Adani Group. The PVC project is expected to reach a financial close by the middle of August with loan support from SBI. 

Business

Jul 20, 2023

Turkish Financial Market’s Rollercoaster Ride: Lira’s Plunge, Stock Market Rally, and Inflation Concerns-thumnail

Turkish Financial Market’s Rollercoaster Ride: Lira’s Plunge, Stock Market Rally, and Inflation Concerns

The aftermath of Tayyip Erdogan’s victory in May’s Presidential vote brought mixed fortunes for the Turkish financial market. While some sectors witnessed a surprising rally, others endured significant losses, with the lira taking a severe hit. This article explores the extreme moves in the Turkish financial Market’s Rollercoaster Ride and delves into what investors are keeping an eye on for the future.

Economy

Jul 20, 2023

More than $1 billion is spent by Wall Street banks on severance costs amid sharp job cuts-thumnail

More than $1 billion is spent by Wall Street banks on severance costs amid sharp job cuts

During the first half of 2023, the largest US banks spent more than $1 billion on severance payments, highlighting the high cost of winding down Wall Street’s excessive expansion during the coronavirus pandemic.

Business

Jul 20, 2023

The US Fed is set to launch a long-awaited instant payment system and modernize the system-thumnail

The US Fed is set to launch a long-awaited instant payment system and modernize the system

The US Fed will soon begin offering a long-awaited service that aims to update the nation’s financial infrastructure by eventually enabling regular Americans to send and receive money in seconds, around the clock, seven days a week.

Finance

Jul 20, 2023

Inflation in the UK slowed sharply in June to 7.9%-thumnail

Inflation in the UK slowed sharply in June to 7.9%

According to official figures, inflation in the UK dropped more than forecast in June and slowed to 7.9%, which will lessen pressure on the Bank of England to continue hiking interest rates substantially.

Economy

Jul 19, 2023

French Government to Reduce Spending by €4.2 Billion in 2024-thumnail

French Government to Reduce Spending by €4.2 Billion in 2024

The French administration is devising a plan to slash its expenditures by €4.2 billion ($4.71 billion) in 2024, as per the initial budget projections presented to the parliament. This marks the first reduction in spending compared to the preceding year in nearly ten years. Budget Minister Gabriel Attal disclosed that this decrease would result in a 3.5% year-on-year decline when adjusted for inflation.

Business

Jul 17, 2023


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