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” […]
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 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 […]
NEW DELHI: Axiscades Technologies (Axiscades) on Wednesday said it has acquired 100 per cent stake in Hyderabad-based Epcogen. Epcogen specialises in engineering design and providing solutions for the energy sector, Axiscades said in a statement. Axiscades has acquired Epcogen for Rs 26.25 crore to fortify its position in the energy markets of the Middle East […]
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 […]
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 […]
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, […]
NEW DELHI: Edtech unicorn Unacademy, which has laid off several hundred employees since the onset of the funding winter last year, claimed it has Rs 1,800 crore in the bank and has reduced cash burn by 60%.In an internal note to employees on Tuesday, co-founder & CEO Gaurav Munjalsaid the company has a runway (the […]
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 […]
NEW DELHI: Activity in the country’s services sector slowed to a 12-month low in November, but remained robust on back of resilient demand and receding price pressures, a survey showed on Tuesday. Slowing from a reading of 58.4 in October to a one-year low of 56.9 in November, the S&P Global India Services Business Activity […]
