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“PhonePe achieves $1 trillion annual payment value run rate and secures license”-thumnail

“PhonePe achieves $1 trillion annual payment value run rate and secures license”

PhonePe, a digital payments platform, announced on Saturday that it has achieved an annualized total payment value (TPV) run rate of $1 trillion, or Rs 84 lakh crore, primarily due

Business

Mar 11, 2023

Net direct tax collection hits Rs 13.73 trn, 83% of FY23 revised estimate-thumnail

Net direct tax collection hits Rs 13.73 trn, 83% of FY23 revised estimate

According to the Central Board of Direct Taxes (CBDT), net direct tax collection in India has grown by 17% to reach Rs 13.73 lakh crore so far this fiscal year.

Finance

Mar 11, 2023

Operating revenue more than doubles to INR 29 Cr, and Yulu’s FY22 loss narrows to INR 55.5 Cr-thumnail

Operating revenue more than doubles to INR 29 Cr, and Yulu’s FY22 loss narrows to INR 55.5 Cr

With the help of a tax credit, electric mobility startup Yulu’s net loss decreased from INR 61.1 Cr to INR 55.5 Cr in the fiscal year 2021–2022 (FY22). In FY22,

Finance

Mar 11, 2023

President Xi’s close aide Li Qiang confirmed as China’s new Premier-thumnail

President Xi’s close aide Li Qiang confirmed as China’s new Premier

China’s Parliament recently confirmed Li Qiang as the country’s new Premier, succeeding Li Keqiang who held the post for the last 10 years. Li Qiang is known to be a

Finance

Mar 11, 2023

<strong>On Thursday, Silicon Valley Bank depositors and investors tried to pull out $42 billion</strong>-thumnail

On Thursday, Silicon Valley Bank depositors and investors tried to pull out $42 billion

According to a Friday regulatory filing, investors and depositors attempted to withdraw $42 billion from Silicon Valley Bank on Thursday in one of the largest US banks runs in more

Finance

Mar 11, 2023

Understanding the gig economy and its impact on finance-thumnail

Understanding the gig economy and its impact on finance

In a “gig” economy, most employment is done through freelance labor and short-term contracts. It links customers and service suppliers on an online platform, and its market dynamics are a

Business

Mar 10, 2023

In India, inflation eased somewhat in February but remained over the RBI’s objective-thumnail

In India, inflation eased somewhat in February but remained over the RBI’s objective

Food price increases, which make for roughly half of the Consumer Price Index (CPI) basket, are anticipated to have slowed last month. However, the majority of the delay was most

Finance

Mar 10, 2023

ADIA to stake in India’s Lenskart with $500 Million-thumnail

ADIA to stake in India’s Lenskart with $500 Million

Abu Dhabi Investment Authority might close a deal with Lenskart for about $500 million. ADIA is a major holder of real estate in the institution of the U.S. through diversified

Finance

Mar 9, 2023

<strong>InCred Capital buys a 20% stake in HR tech company TeamNest</strong>-thumnail

InCred Capital buys a 20% stake in HR tech company TeamNest

On Thursday, the financial services company InCred Capital announced that it had purchased a 20% investment in TeamNest, an HR SaaS platform that aids companies in managing their payroll and

Finance

Mar 9, 2023

PM asks India Inc to step up investment, take advantage of opportunities-thumnail

PM asks India Inc to step up investment, take advantage of opportunities

Indian Prime Minister Narendra Modi recently delivered a noteworthy speech at the 10th webinar on Budget, where he exhorted the country’s private sector to amplify their investment endeavors in the

Business

Mar 7, 2023

India vulnerable to stagflation, following its neighboring countries’ economic downturns”-thumnail

India vulnerable to stagflation, following its neighboring countries’ economic downturns”

Over the past two years, India has faced challenges due to more expensive raw materials and a stronger US dollar, which have soared in tandem. This has led to stagflation

Business

Mar 7, 2023

JPMorgan Predicts Strong Year for M&As in India-thumnail

JPMorgan Predicts Strong Year for M&As in India

JPMorgan Chase & Co has forecasted that dealmakers in India should anticipate another robust year for mergers and acquisitions, as companies may seek to diversify into the South Asian nation

Business

Mar 7, 2023


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