Author: editor
Under the MoU, both the institutions will explore opportunities for research, consultancy, training, internships and capacity building for policy analysis and development in areas of finance and convergence of technology.
Key financial metrics are likely to continue to show improvement in FY23, backed by strengthened balance sheets and an improving credit demand outlook with an expected commencement of corporate capex cycle, the ratings agency said in a statement.
The funding round was led by Varun Jaipuri (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam) and Rohan Kumar (DS Group). The fintech said the investors see a great synergy with NYE in getting their retail network of 6 million merchants using the super app for all their requirements like salary and current accounts, payment solutions, retail and business loans.
The financial products offered through the 3-in-1 account includes equity, commodities, currencies, bonds, initial public offerings (IPOs) etc.
Fintech Open will bring together regulators, fintech professionals and enthusiasts, industry leaders, the start-up community, and developers to collaborate, exchange ideas and innovate.
Listed fintech lender U Gro Capital lending to MSMEs has raised its first impact focused debt investment of Rs 138 cr from funds managed/advised by Switzerland based impact investor responsAbility.
Embedded finance startup Falcon has appointed former banker Chinmaya Desai as Chief Business Officer ahead of its next growth phase, Chinmaya will be responsible for company’s overall business growth besides driving partnerships across domestic and international markets.
There have been reports of such ETPs engaging agents who personally contact gullible people to undertake forex trading investment schemes and entice them with promises of disproportionate/exorbitant returns.
“We will be using the fund for growth, building team and venturing into other financial services,” Jar co-founder and CEO Nishchay AG said in a statement.
The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime. Accordingly, for the taxation of virtual digital assets, I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent, FM Sitharaman said.