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Tag: Finance
New Demat account opening stands at 1.79 million, lowest since February 2021-thumnail

New Demat account opening stands at 1.79 million, lowest since February 2021

Description-: In June, the Nifty Midcap 100 and the Nifty Smallcap 100 were down 25 percent and 35 percent, respectively, from their record highs. These indices have seen recovery since

Finance

Jul 12, 2022

After Elon Musk pulls out of the 44 billion takeover deal, Twitter shares decline-thumnail

After Elon Musk pulls out of the 44 billion takeover deal, Twitter shares decline

In a letter to the social media juggernaut last week, Elon Musk revealed the cancellation of a USD 44 billion plan to purchase Twitter. Twitter shares experienced a dramatic decrease

Industry

Jul 12, 2022

Against the US dollar, the rupee drops to a lifetime low of 79.58.-thumnail

Against the US dollar, the rupee drops to a lifetime low of 79.58.

The Indian rupee depreciated against the US dollar by 13 paisas on Tuesday’s interbank foreign exchange market, opening at 79.58. In early trade on Tuesday, the rupee hit a record

Finance

Jul 12, 2022

<strong>Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore</strong>-thumnail

Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore

The company also reached its highest number of monthly transacting users (MTU) 76 million on its super app during the month of June. Paytm has said that the platform’s lending

Industry

Jul 11, 2022

Startup funding fell by 40% between April and June according to the latest PwC report-thumnail

Startup funding fell by 40% between April and June according to the latest PwC report

According to a PwC India analysis, geopolitical unrest looks to be having an impact on Indian startups as total funding fell by 40% to $6.8 billion in the April-June period.

Industry

Jul 11, 2022

Ashneer Grover names his new venture “Third unicorn”-thumnail

Ashneer Grover names his new venture “Third unicorn”

The nature of the company was not immediately known. Several news reports have suggested Grover is in talks with investors to raise money for his new business, despite him saying

Finance

Jul 9, 2022

<strong>Adani Group bids for upcoming 5G spectrum auctions: Sources</strong>-thumnail

Adani Group bids for upcoming 5G spectrum auctions: Sources

“Any entity that gives an undertaking to obtain a Unified License with authorization for Access Services through a New Entrant Nominee as per the DoT guidelines/ license conditions can bid

Industry

Jul 9, 2022

SEBI proposes to bring MF’s transactions under purview of insider-trading regulation-thumnail

SEBI proposes to bring MF’s transactions under purview of insider-trading regulation

The proposal comes close on the heels of allegations of front-running at a large fund house. In the discussion paper floated on Friday, Sebi has said it has observed that

Finance

Jul 9, 2022

IRDAI introduces tech-enabled concepts like “pay as you drive” for motor insurance cover-thumnail

IRDAI introduces tech-enabled concepts like “pay as you drive” for motor insurance cover

In the aftermath of the covid-19 pandemic, many do not drive as frequently as before, but still have to pay the same established annual premium based on the make or

Finance

Jul 9, 2022

<strong>Pine Labs, Razorpay, and Stripe bags payment aggregator license from RBI</strong>-thumnail

Pine Labs, Razorpay, and Stripe bags payment aggregator license from RBI

A payment aggregator provides payment services for merchants and e-commerce sites by accepting payment instruments from customers. As part of the process, they pool the funds received from customers and

Finance

Jul 8, 2022

Central bank new forex rules to arrest rupee’s fall-thumnail

Central bank new forex rules to arrest rupee’s fall

RBI said the latest steps would help diversify and expand the sources of forex funding and reduce currency volatility.  The Reserve Bank of India announced a series of steps to

Finance

Jul 7, 2022

<strong>Space startups are banking on upcoming space policy to expand into global markets.</strong>-thumnail

Space startups are banking on upcoming space policy to expand into global markets.

Indian startups are betting on an upcoming space policy to spur collaboration between the public and private sectors and even drive international expansion. This comes after the Indian Space Research

Industry

Jul 7, 2022


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