New Delhi, March 27 Equity investors experienced a loss of ₹8.86 lakh crore on Friday as the markets plunged, falling by over 2% as the conflict in West Asia showed no signs of easing, leading to a fresh spike in crude oil prices.The 30-share BSE Sensex fell by 1,690.23 points or 2.25%...
New Delhi, March 23 Paytm, operated by One 97 Communications, continues to maintain its dominant position in the merchant payments platform, which is expected to drive its growth over the next two years, according to brokerage Jefferies on Monday.The brokerage retained its 'Buy' rating on the...
Mumbai, March 10 Motilal Oswal Financial Services' wealth management arm launched a digital bonds trading platform on Tuesday to enable investors to access fixed-income securities.The company stated that its newly launched Bond Provider Platform will allow investors to invest in government...
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New Delhi, March 5 Noida-based payments major Paytm has gained a significant advantage in its monetization journey compared to its peers, driven by a more diversified mix across high-monetization categories such as merchant lending and financial services, which has helped it improve...
New Delhi, February 25 HSBC India announced on Wednesday an 11 per cent increase in profit before tax (PBT) to USD 1.9 billion (approximately Rs 17,000 crore) for the fiscal year 2025.The subsidiary of UK-based HSBC Plc earned a profit before tax of USD 1.7 billion in the previous year.India...
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New Delhi, February 19 Over the past decade, PhonePe has evolved from a pioneering UPI platform into what many consider a "fully diversified fintech platform".With over 65 crore registered users and a merchant acceptance network of more than 4.7 crore, spanning from major cities to remote...
New Delhi, February 17 Uptiq, an AI platform for financial services, announced on Tuesday that it has raised USD 25 million in a funding round led by Curql.The funds raised in the Series B round will be used to enhance Uptiq's global AI capabilities and strengthen India as its primary hub for...
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New Delhi, February 17 ASK Asset & Wealth Management Group, a player in the investment and wealth management sector, has received regulatory approval from SEBI to begin operations as an investment manager for the mutual fund business.ASK Mutual Fund will offer investment solutions across...
New Delhi, February 9 Religare Broking announced on Monday that Vijay Kumar Goel has been appointed as its managing director, as the brokerage firm focuses on scaling its core brokerage business and expanding its wealth product distribution offerings.Prior to joining Religare Broking, Goel was...
New Delhi, February 9 IIFL Capital Services Ltd, a wealth management, brokerage, and investment banking firm, announced on Monday that it has received approval from the Securities and Exchange Board of India (SEBI) to establish a wholly-owned subsidiary (WOS) at the Gujarat International Finance...