The crypto market came crashing down as Binance, the juggernaut of crypto exchanges, retracted itself from buying FTX. Binance and FTX are two of the world's biggest crypto exchanges, and any news headline with their relevance is bound to influence the crypto market. Last year, Binance, the world's largest crypto...
With a strong growth in Q2FY23, India’s leading payments and financial services company Paytm reported a revenue of ₹1,1914 Cr, a surge of 76% year-on-year (YoY). Fintech giant’s contribution profit grew 224% YoY to ₹843 crore, leading to a contribution margin improvement of 44.1% of revenue in Q2 FY23. The...
At a monetary policy meeting on August 5, 2022, the Reserve Bank of India (RBI) announced the repo rate be increased by 50 basis points to 5.40%. This is the third time the RBI repo rate has been hiked this year. The first hike came in May when the repo...
India is not shying away from digitization. Data shows that an increasing number of Indians are leveraging the power of digital technology every year. In 2021, India saw 69.2 crore internet users as per an IAMAI KANTAR report titled 'Internet In India'. By 2025, the report adds, India will have...
Insurance is a means of protection from risk and loss. Today, insurance policies are available worldwide for assets ranging from your favourite gadget to space satellites. And the growth of the Indian insurance market proves that more people are taking insurance seriously in the country. While the concept of insurance...
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