Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator – Cross-Border.
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Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources.
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Union Finance Minister Nirmala Sitharaman on Tuesday said India’s fintech companies are helping the country’s digital public infrastructure (DPI) expand further and empower merchants and micro, small and medium enterprises (MSMEs).
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The Reserve Bank of India has instructed finance companies to exclude default loss guarantees from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs will now need to make full provisions on loans sourced from these…
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The Indian rupee will find support in the coming days, buoyed by a weaker US dollar index (DXY) and expectations of strong foreign portfolio investment (FPI) inflows, a report by Union Bank of India (UBI) anticipated.
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OYO is reportedly engaging with bankers for a potential IPO, targeting a listing in the last quarter of the current fiscal year, with a valuation range of USD 6-7 billion. The company is in preliminary discussions and plans to file…
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