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Paytm to curtail low-value personal loans after cenbank clampdown – Times of India

BENGALURU: Paytm will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules on consumer lending after a surge in demand. The non-bank lender said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expecting “good demand” […]

Dr Reddy’s inks pact with Coya Therapeutics for investigational ALS therapy COYA 302 – Times of India

HYDERABAD: Pharma major Dr Reddy’s Laboratories on Wednesday informed the bourses that its wholly-owned subsidiary, Dr Reddy’s Laboratories SA, has inked a development and licence agreement with US-based Coya Therapeutics Inc for the development and commercialisation of an investigational combination biologic therapy for Amyotrophic Lateral Sclerosis (ALS) called COYA 302.Under the agreement, Dr Reddy’s will […]

Moody’s changes Hong Kong’s outlook to negative from stable – Times of India

Moody’s on Wednesday downgraded its outlook on Hong Kong to negative from stable, a day after cutting China’s credit outlook citing costs to bail out local governments and state firms or to control its property crisis. The downgrade in Hong Kong’s outlook reflects an assessment of tight political, institutional, economic and financial links between Hong […]

Nirmala Sitharaman, India’s Finance Minister, ranks 32nd in Forbes World’s Most Powerful Women list – Times of India

India’s Finance Minister, Nirmala Sitharaman, has been ranked 32nd on Forbes‘ annual list of the World’s 100 Most Powerful Women. This prestigious list includes influential women from various sectors such as politics, business, media, and entertainment.Sitharaman’s inclusion in the list highlights her significant contributions to Indian Politics & Policy.Her presence reflects her influence on India’s […]

Financial frauds on the rise! How government plans to check SIM cloning, QR code & digital payments fraud – Times of India

The Indian government is looking to take measures to address the growing concern over digital financial frauds. Discussions have begun among key stakeholders, including the Ministry of Finance, Reserve Bank of India (RBI), Ministry of Electronics and Information Technology (MeitY), and National Payments Corporation (NPCI), to develop new filters and safeguards for digital transactions.One of […]

Ram Mandir inauguration: Major hotel chains in Ayodhya gear up to benefit from expected tourism boom – Times of India

Hotels in Ayodhya gear up ahead of Ram Mandir inauguration: In anticipation of the upcoming inauguration of the Ram Mandir in Ayodhya, hotel chains and investors are turning their attention to the destination, expecting a surge in demand.Experts believe that the development of infrastructure in Ayodhya will greatly benefit the hospitality and travel services sector, […]

Moody’s slashes China’s credit outlook to negative – Times of India

Ratings agency Moody’s cut its outlook on China’s government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis on the world’s second-largest economy. The downgrade reflects growing evidence that authorities will have to provide more […]