Adani Enterprises
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PM Modi: Policy Reforms and Angel Tax Removal to Boost Fintech Sector
Addressing the Global Fintech Fest-2024, co-organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council, Modi hailed the fintech companies as facilitators of democratic financial services. He said the sector had seen investments worth $31 billion over the last decade and has so far achieved an in-depth reduction in shadow economy.
Adani Enterprises to Debut Rs 800 Crore Retail Bond Issue on September 4
The base size issue is Rs 400 crore, with an option to retain oversubscription up to Rs 400 crore (green-shoe option) - aggregating up to Rs 800 crore. The issue opens on September 4 and shall close on September 17, with an option of early closure or extension, said the flagship company of the Adani Group. The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1,000 thereafter. With an effective yield of up to 9.90 per cent per annum, the NCDs are proposed to be listed on BSE Limited and NSE Limited.
India Secures 3rd Place in Global Fintech Funding for First Half of 2024
In 2024, one unicorn, Perfios, emerged, flanked by six acquisitions and five initial public offerings in the space of Fintech from January to June alone.
There has never been a better time to be an Indian, says Gautam Adani
Adani was very confident about India's growth momentum and cited the reason to be intense social and economic reforms that the government has been implementing. He further said that by 2050, India will be a USD 30 trillion economy with probably more than USD 40 trillion stock market capitalisation. Currently, it is more than USD 5 trillion, so the stock market capitalisation of India is all set to grow exponentially.
India's Fintech Sector Surges with Impressive 59% Growth in Q1 2024
The total funding infusion into the fintech arena saw a remarkable surge of 59 percent in Q1 2024 when juxtaposed with Q4 2023, underscoring the resilience of India's fintech domain amidst a dynamically evolving economic milieu.
Global mobility fintech startup Moove raises $10 mn to expand India footprint
According to a statement released by the startup, this funding round aims to leverage the momentum gained by completing over 4.2 million trips, a feat that has had a substantial impact on India's mobility landscape.
Paymart, Fintech Startup, Teams Up with 5 Banks to Introduce 'Virtual ATM'
Additionally, Paymart is actively engaged in discussions with four more banks for potential collaboration, aiming to broaden its network and enhance accessibility for customers.
Juspay Announces Acquisition of LotusPay in Cash Transaction
According to the company, this acquisition will bolster its offerings in the BFSI segment and among merchants, with a specific emphasis on enhancing its recurring payment capabilities.
Incredible Growth: Fintech Unicorn Incred Records Rs 109 Cr Profit in FY23, Revenue Surges Over 77%
The financials filed with the Registrar of Companies (RoC) reveal that Incred's revenue witnessed a remarkable surge of 77.46%, reaching Rs 866 crore in FY23, compared to Rs 488 crore in FY22.
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