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UPI inches too close to the target of 1000 cr. transactions per month mark-thumnail

UPI inches too close to the target of 1000 cr. transactions per month mark

In July the Unified Payments Interface (UPI) witnessed a recovery by experiencing a 6.6% increase, in the number of transactions reaching a total of 996 crores.

Finance

Aug 2, 2023

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA-thumnail

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA

Fitch Ratings has recently lowered the US term foreign currency default rating, from AAA to AA+. This decision was primarily influenced by anticipated decline, erosion in governance and the increasing

Finance

Aug 2, 2023

Resilient Growth in Indian Manufacturing Activity Despite Global Declines-thumnail

Resilient Growth in Indian Manufacturing Activity Despite Global Declines

India’s manufacturing sector demonstrated continued resilience in July, as indicated by a private business survey conducted by S&P Global. While the pace of expansion eased for a second consecutive month,

Economy

Aug 1, 2023

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness-thumnail

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness

Asia’s factory activity shrank in July, as shown by private surveys, signaling a slowdown in global growth and the impact of China’s weakening economy on the region’s fragile recovery.

Business

Aug 1, 2023

Users using Google Pay, PhonePe, and Paytm, beware! Yes Bank has some exciting news for you-thumnail

Users using Google Pay, PhonePe, and Paytm, beware! Yes Bank has some exciting news for you

YES BANK introduces UPI payments via RuPay Credit Cards, allowing consumers to link their credit card to UPI-enabled apps for faster and more secure transactions. YES BANK has introduced UPI

Finance

Aug 1, 2023

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half-thumnail

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half

HSBC in Europe with a market value of $162 billion had an impressive first-half performance. Its profits more than doubled to $21.7 billion thanks to the increase in interest rates

Finance

Aug 1, 2023

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%-thumnail

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%

“Oil marketing companies have reduced commercial cylinders or LPG gas prices, benefiting businesses with lower costs. Domestic cooking gas rates remain unchanged.

Business

Aug 1, 2023

Fintech startup RupeeRedee secures $3.5 mn in funding-thumnail

Fintech startup RupeeRedee secures $3.5 mn in funding

RupeeRedee, a fintech startup in India, secured $3.5 million in equity funding from its parent company Digital Finance International. This funding aims to expand its operations and enhance product offerings,

Finance

Jul 31, 2023

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook-thumnail

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook

While maintaining its 12-month Brent price forecast of $93 per barrel, Goldman Sachs revised up its global oil demand forecast for the year on Sunday as higher realised inventories offset

Finance

Jul 31, 2023

Jana Small Finance Bank files for IPO with SEBI after pandemic delays-thumnail

Jana Small Finance Bank files for IPO with SEBI after pandemic delays

Jana Small Finance Bank, an Indian lender, refiles for an IPO after pandemic-related delays. The offering includes fresh shares worth up to 5.75 billion rupees and an offer for sale of 4.1 million shares.

Finance

Jul 31, 2023

Asian Shares End July on a Positive Note Amid Major Economic Events and Earnings Updates-thumnail

Asian Shares End July on a Positive Note Amid Major Economic Events and Earnings Updates

Asian shares attempted to end the month of July on a firm note, with positive gains in various markets. However, rising Japanese bond yields posed a risk to investor sentiment.

Economy

Jul 31, 2023

In response to China’s protests, the US will give Taiwan $345 million in arms-thumnail

In response to China’s protests, the US will give Taiwan $345 million in arms

The U.S. pledged $345 million in military aid for Taiwan on Friday. This is the Biden administration’s first sizable package to use American stockpiles to aid Taiwan in fending off

Finance

Jul 29, 2023


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