New Delhi, June 24 (IANS) India’s Account Aggregator ecosystem facilitated nearly 3.8 crore financial products and services in FY26 and has delivered over 45 crore cumulative consents and more than 500 crore data fetches, a report said on Wednesday.The report from the industry alliance of India’s Account Aggregator (AA) ecosystem — Sahamati — said the network now processes over 7 lakh consents daily and underlined AA ecosystem’s evolution beyond credit underwriting into a broader financial ser…
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New Delhi, June 10 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday held a review meeting with the officials from ONDC and Nirmit Bharat here.The discussions focused on leveraging open digital networks to transform retail and distribution ecosystems, bring small producers and artisans onto digital platforms, strengthen logistics and mobility services through innovative digital solutions.“Emphasised how these efforts have the potential to deepen market access, improve service del…
Brussels, June 9 (IANS) The European Commission has proposed the 21st package of sanctions against Russia, targeting key sectors including energy, financial services and crypto, trade and, for the first time, fisheries, European Commission President Ursula von der Leyen said Tuesday.According to a statement released by the Commission, the proposed measures include suspending the automatic adjustment mechanism of the oil price cap until next January, which would allow oil markets to stabilise whi…
New Delhi, June 9 (IANS) Indian equity markets ended higher on Tuesday, supported by late buying in select sectors such as PSU banks, financial services, and automobiles, while improving global risk sentiment also aided investor confidence.The benchmark indices closed in the green, with the Nifty rising 119.10 points, or 0.52 per cent, to settle at 23,242.10.The Sensex also gained momentum towards the fag end of the session and ended 394.50 points, or 0.54 per cent, higher at 73,918.76.Commentin…
New Delhi, May 19 (IANS) Global brokerage firm Citigroup has turned increasingly positive on Paytm, highlighting strong momentum across payments, merchant business, lending and profitability, citing ‘plenty of growth and margin drivers’ for the fintech major.In its latest report after hosting Paytm’s management at the Citi Pan Asia Conference 2026, the brokerage maintained a Buy rating on the company with a target price of Rs 1,380, implying meaningful upside from current levels.The broker…
New Delhi, April 30 (IANS) Private equity and venture capital investment activity in India moderated in Q1 2026, with deal value and exits easing from recent peaks, while volumes remained resilient despite geopolitical tensions, a report said on Thursday.The report from EY and the Indian Venture Capital Association said PE/VC investments totalled $13.1 billion in Q12026, easing 19 per cent year‑on‑year and 24 per cent quarter‑on‑quarter. Deal volumes almost remained flat with 360 transac…
New Delhi, April 30 (IANS) PhonePe on Thursday announced that it has crossed the milestone of 700 million (70 crores) life-till-date registered users on its platform as on April 29, 2026.This milestone highlights PhonePe’s population-scale reach in India and the breadth of its digital platform offerings across payments and financial services distribution.It also reflects the company’s sustained growth, driven by increasing consumer trust, market-leading distribution network, and a continued …
Mumbai, April 29 (IANS) Indiabulls Limited on Wednesday reported a 46.4 per cent rise in profitability for the March quarter (Q4 FY26), closing a transformational financial year marked by its merger and strategic shift towards a real estate-led business model supported by diversified financial services.The company posted a profit after tax of Rs 194 crore for the quarter ended March 31, according to the financial statement.Revenue during the quarter stood at Rs 418 crore, it added in its financi…
Mumbai, April 22 (IANS) Indian equity benchmarks ended lower on Wednesday, snapping a three-day winning streak as weakness in IT stocks and global uncertainty weighed on sentiment. The decline came amid concerns over prolonged geopolitical tensions in West Asia following stalled talks between the United States and Iran.The Nifty closed 0.81 per cent, or 198.50 points lower, at 24,378.10, while the Sensex dropped 0.95 per cent, or 756.84 points, to settle at 78,516.49.Experts said that from a tec…
Washington, April 16 (IANS) India’s deep pool of technology talent is emerging as a critical factor in the global race to build digital asset infrastructure, participants at a policy discussion have said.The discussion, held under Chatham House Rules on Wednesday (local time), highlighted India’s growing importance in the crypto ecosystem, driven by its large base of software developers and expanding digital capabilities.Participants said the shift towards digital assets — including stablec…