Latest Updates Around The World
India will witness the busiest month for IPOs in almost 30 years, with no fewer than 25 companies being expected to hit the mainboard segment in September. According to Data from Primedatabase, compiled by Bloomberg, the last such increase in IPOs was seen in 1997, when 28 companies ticked into the markets. They are expected […]
Walmart-stunned Phonepe formally converted into a public limited entity on 1 May 2025, which indicates the willingness to become public after a 10: 1 share distribution in March, new independent directors and the establishment of legal council committees. It has tapped JPMorgan, Kotak Mahindra Capital, Morgan Stanley and Citigroup prior to his offer. A Bloomberg […]
Maharashtra is the number one in UPI use, followed by Karnataka, Uttar Pradesh, Telangana and Tamil Nadu, according to the SBI’s Economic Research Department (ERD), even if it warned that higher concentration of transactions between a handful of Taps (Dird party application – -in -terteck warnia. Referring to state-based data on UPI transactions, published by […]
The report emphasized that the country’s UPI ecosystem is currently being dominated by a handful of third-party app providers (TPPs), with Phone, Google Pay and Paytm that lead in both transaction volume and value. India needs its own dominant UPI app to really use data instead of staying dependent on foreign payment platforms, according to […]
