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Five significant financial issues that require your attention in August-thumnail

Five significant financial issues that require your attention in August

August has a lot going on, including the RBI’s announcement of its monetary policy, fines for filing income tax returns after the deadline, wise purchasing advice, and fines for early

Finance

Aug 1, 2022

PayPal Access in Indonesia Restored Temporarily After Blocking Due to Licensing Rules Sparks Backlash-thumnail

PayPal Access in Indonesia Restored Temporarily After Blocking Due to Licensing Rules Sparks Backlash

On Saturday, Indonesia blocked access to PayPal, Yahoo, and several game services for failing to meet a licensing deadline. A senior official said on Sunday that Indonesia temporarily opened access

Finance

Aug 1, 2022

Insurance regulator IRDAI plans to remove a minimum of 100 crore start-up capital for entry in the sector-thumnail

Insurance regulator IRDAI plans to remove a minimum of 100 crore start-up capital for entry in the sector

Currently the minimum capital needed to start a primary insurance company is Rs 100 crore as prescribed by the Malhotra Committee on Insurance Reforms. There are insurance companies who have

Finance

Jul 29, 2022

<strong>The emphasis is on payments and the distribution of lending products: Vijay Shekhar Sharma, the founder of Paytm</strong>-thumnail

The emphasis is on payments and the distribution of lending products: Vijay Shekhar Sharma, the founder of Paytm

According to Vijay Shekhar Sharma, the company is still on track to achieve operating profitability by September 2023. One97 Communications Ltd, which operates under the Paytm brand, will sharpen its

Finance

Jul 29, 2022

What happens to investors’ funds if cryptocurrency is outlawed in India?-thumnail

What happens to investors’ funds if cryptocurrency is outlawed in India?

The Reserve Bank of India has been pushing for a crypto ban in India, while Finance Minister Nirmala Sitharaman has stated that any decision on a crypto ban will require

Digital Transformation

Jul 27, 2022

Shareholding in the PhonePe unit PhonePe, a subsidiary of Flipkart, is spun off and valued at $5.5 billion-thumnail

Shareholding in the PhonePe unit PhonePe, a subsidiary of Flipkart, is spun off and valued at $5.5 billion

Phone Pe will raise $700 million in primary capital following the spin-off. The funds will be raised from existing Flipkart investors, led by Walmart, at a post-money valuation of $5.5

Finance

Jul 27, 2022

Bloomberg Businessweek India-thumnail

Bloomberg Businessweek India

India means to turn into the world’s third-biggest economy in the following 10 years. To arrive at this $5 trillion objective, liquidity, straightforwardness and administrative difficulties are to be survived.

Finance

Jul 27, 2022

After Kaushik Basu, Indermit Gill will be the second Indian to serve as the World Bank’s chief economist-thumnail

After Kaushik Basu, Indermit Gill will be the second Indian to serve as the World Bank’s chief economist

The World Bank’s top economist, Indermit Gill, will begin serving in that capacity on September 1, 2022. After Kaushik Basu, Indermit Gill will be the second Indian to hold the

Finance

Jul 26, 2022

As per Ashneer Grover, “Zomato stock 450 ka hota if…-thumnail

As per Ashneer Grover, “Zomato stock 450 ka hota if…

Zomato shares continued to fall, and today marked the second day in a row that the stock reached a new all-time low. In intra-day trade today, shares of the online

Digital Transformation

Jul 26, 2022

Hashed Emergent and other investors contribute $3 million to the Crypso cryptocurrency trading platform-thumnail

Hashed Emergent and other investors contribute $3 million to the Crypso cryptocurrency trading platform

The additional funding will be used by Crypso to expand its user base, product offerings, and technological capabilities. Crypso, a platform for community-driven cryptocurrency trading, has received $3 million (roughly

Finance

Jul 26, 2022

<strong>Why did Zomato’s stock plummet to an all-time low today?</strong>-thumnail

Why did Zomato’s stock plummet to an all-time low today?

Zomato’s share price is under heavy selling pressure as the one-year lock-in period for nearly 78% of the food chain platform’s paid-up capital expires today. Zomato’s share price fell by

Finance

Jul 25, 2022

Tesla sells off majority Bitcoin holdings-thumnail

Tesla sells off majority Bitcoin holdings

Of its Bitcoin holdings, Tesla Inc. sold around 75% of them. Tesla Inc. liquidated a large portion of its Bitcoin holdings, a move that helped the biggest electronic currency in

Finance

Jul 21, 2022


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