In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
If you don't have a bash, ball or wedding to waft off to, you have to simply step a fashionable manicured toe into the 24-hour non-stop Instagram party whirl, where the red carpet never gets rolled up.
Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating.
Hospitality firm OYO is looking to raise $600 million (over Rs 4,380 crore) in debt from the US institutional investors to service its existing loans, sources in know of the matter said on Thursday. The company is raising $600 million in a term loan B (TLB) structure, the sources said. The company is taking the TLB to service its existing loans which are on higher interest rates, they added.
Nesco Grounds, Goregaon, north west Mumbai, attracted the city's top celebs last weekend.
Gems you can enjoy from the time he was at his handsome and magnetic best.
Ah! How we will love to see Athiya as a bride.
Companies don't have to be in the field to nudge people to return money they owe lenders.
SunRisers Hyderabad's Director of Cricket Tom Moody also urged everyone in India to stay safe and take all precautions to curb the spread of Covid-19.
At least one person was killed and 12 others injured on Tuesday when the police opened fire to disperse angry anti-government protestors in Sri Lanka's southwestern region of Rambukkana, officials said.
The global turmoil in the banking sector has made analysts cautious, who advise that investors stay away from stocks of this sector till the overall sentiment improves. The recent trouble for the banking sector started with the collapse of US-based Silicon Valley Bank (SVB), Silvergate Capital and Signature Bank. On its part, Moody's Investors Service has also cut its outlook for the US banking system to 'negative' from 'stable', citing the run on deposits at these three banks that led to the collapse of these banking majors in less than a week.
Equity benchmarks Sensex and Nifty on Friday spurted by nearly 2 per cent, propelled by heavy buying in IT, metal and financial stocks amid a rally in global markets after lower-than-expected US inflation data. A strong rupee against the US dollar and unabated foreign capital inflows further bolstered sentiment, traders said. Easing US inflation triggered speculation that the US Federal Reserve might slow down the pace of interest rate hikes.
Embattled Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. Sources said the audit is primarily to show to regulators like the Reserve Bank of India (RBI) that the group has nothing to hide and it is in compliance with relevant laws. The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.
Former Australia cricketer Tom Moody feels India should have given a chance to in-form batsman Shubman Gill ahead of Prithvi Shaw in the opening day-night Test against Australia in Adelaide.
The SRH management, headed by Kavya Maran, hasn't yet issued any public statement over Katich's resignation.
Bayliss will step down from his current role with the England team after the Ashes beginning next month.
Harsh Varrdhan Kapoor's thriller Thar is going places and the actor is terribly proud.
Following Iga Swiatek's victory over Coco Gauff in the final, here's a list of French Open women's singles champions:
Ahead of the 2023 IPL season, let's take a look at the strengths and weaknesses of the Aiden Markram-led Sunrisers Hyderabad.
David Warner saved the best for his former franchise SRH.
Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller. Group CFO Jugeshinder (Robbie) Singh in an earnings call said the group is confident of its internal controls, compliance and corporate governance. Separately, it released a compendium of group companies to highlight that it has adequate cash reserves and has ability to refinance debt.
As the Indian currency hovers around its lowest versus the US greenback, several smaller and mid-sized companies are expected to face rough weather as almost 44 per cent of the foreign loans taken by Indian companies remained unhedged. According to the data sourced from the Reserve Bank of India, Indian companies raised around $38.2 billion in the financial year ended in March. Of this, only 56 per cent of the loans are hedged while the rest of the foreign loans remain unhedged, thus risking the companies to forex volatility.
India Lockdown has way too much carnal pleasure on its mind to focus on minor things like coronavirus, sighs Sukanya Verma.
Everything Everywhere All forgets to tell a coherent story, complains Mayur Sanap.
Taapsee's strong performance powers through an intriguing premise gone kaput in a bogus third act, observes Sukanya Verma.
The Centre has garnered around Rs 2,500-3,000 crore in the first five weeks after it imposed a windfall tax on oil and gas companies for the export of fuel, Business Standard has learnt. It is likely that the government will continue with the one-time tax till the Indian crude basket is above $80 a barrel, sources said. The next review of the windfall tax on oil companies is early next week.
As the SRH dugout watched in utter disbelief at Jansen's bowling crumbling to pieces, Muralitharan got up from his seat and caught on camera shouting, 'Why the f**k is he bowling full?'
Reckon Captain Kane can call on Murali, Lara and Steyn to shore up his resources on the field of play?
After a tumultuous past few days that almost halved value of the Adani group, embattled tycoon Gautam Adani-led conglomerate had some pressure eased on Friday as two global rating firms stuck with their calls on its credit profile and its French partner backed its investments in the group firms. Also for the first time since January 24, shares of the group's flagship firm Adani Enterprises ended in positive territory after erasing an intraday loss of 35 per cent. Adani Ports and SEZ also ended 8 per cent higher. This is after a over $100-billion rout in value of group stock since the US short seller Hindenburg Research accused Adani group of stock manipulation and accounting fraud.
When SRH retained Umran -- along with Skipper Kane Williamson and Abdul Samad -- for Rs 4 crore before the IPL auction, many were surprised. No longer.
Six consecutive profitable quarters after an equal number of losses - for Bharti Airtel, the turnaround has been quick. But it is not a result of higher tariffs or absence of exceptional items alone. Execution and strategy are playing a part, too. Bharti Airtel's chief executive officer Gopal Vittal summed it up in a post-result conference call last month. "We track the profit in each of our 237,500 (cell) sites.
Celeb-inspired monsoon styles that will transform your look from boring to fabulous.
"You look at the CPL which becomes more important with the next World Cup being there in the Caribbean, and how many players can you get put into that tournament to get an idea of conditions. It is an advantage,"
Sunrisers Hyderabad head coach Tom Moody is confident that his team will be able to successfully execute their plans and stop Mumbai Indians's impact player Hardik Pandya when the teams lock horns in Thursday's Indian Premier League encounter.
'I want to explore more than just be a pretty face.'
The critically acclaimed Maine Gandhi Ko Nahin Mara remains one of those many landmark films is his career. Keeping the audiences psyche in mind, winner of several national and international awards, Assamese filmmaker Jahnu Barua is gearing up for his next directorial venture- Har Pall.
While the Australian all-rounder hasn't made any official announcement, it is learnt that after Chennai Super Kings ended their IPL campaign on Sunday with victory over Kings XI Punjab, the senior player told his teammates about the decision to retire from all forms of cricket.
Marcos Baghdatis beat Russia's Marat Safin 6-4, 6-4, 2-6, 3-6, 6-2 in the second round of the Australian Open.
You need eight to 10 hours of healthy sleep every night. Otherwise, your life and heart tend to fall apart, alerts Dr Santosh Kumar Dora.
