The QIP received an overwhelming response from both domestic and foreign institutional investors, the brokerage firm said. Angel One allotted 58,70,818 equity shares to qualified institutional buyers at Rs 2555.01 a share.
Pai Platforms launched PaiPai app on ONDC, while PhonePe introduced Pincode app. Paytm aims for 10 million ONDC merchants. Paytm Mall previously raised $400 million with Alibaba investment.
The RBI has made the change to help lift transaction volumes for the retail CBDC, a source familiar with the pilot said. The process is still in the early stages and the third-party apps will have to seek the RBI’s approval to offer CBDC wallets, the source added. The source did not wish to be …
India to broaden e-rupee distribution beyond banks to boost retail use: RBI Read More »
Ethereum, Solana and other top altcoins have registered considerable gains but are still off their all-time highs of 2021 whereas Bitcoin has registered new highs this year. To maximize your crypto portfolio returns, along with Bitcoin, Ethereum and Solana, it is prudent to allocate good share to emerging and upcoming narratives that will drive value …
Crypto Gems: Top crypto assets to watch & buy in April 2024 Read More »
The RBI Governor also said that it has been decided to all the distribution of Central Bank Digital Currency (CBDC) through non-bank payment system operators to make CBDC-Retail accessible to a broader segment of users. The CBDC pilots are currently in operation with the increasing number of use cases and participating banks.
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, surged to $1.323 trillion. Bitcoin’s dominance is currently 52.85%, according to CoinMarketCap. BTC volume in the last 24 hours rose 12% to $35.14 billion. The total volume in DeFi is currently at $9.53 billion, 9.88% of the total crypto market 24-hour …
The Reserve Bank of India (RBI) is expanding the usage of Central Bank Digital Currency (CBDC) by allowing distribution through Non-bank Payment System Operators. CBDC pilots in Retail and Wholesale segments are ongoing with 4.3 million retail users and 4 million merchants. The RBI aims to enhance access by enabling non-bank operators to offer CBDC …
The $2-billion valuation Navi is seeking is lower than the previous funding discussions it had with investors. These discussions also come after Navi had filed for an IPO which had been approved by Sebi.
Trust Fintech debuted on NSE SME platform at a 41.8 per cent premium. The net proceeds from the public offer will be used for setting up additional development facilities, investment in procuring hardware, expenditure related to enhancement and upgrading existing products, meeting global and domestic business development, sales and marketing expenses.
Cryptocurrency markets were trading lower in Thursday’s trade, dragged by Bitcoin, Solana, and Dogecoin. Meanwhile, the global cryptocurrency market cap declined 0.7% to around $2.48 trillion in the last 24 hours. The total volume in DeFi is currently $12.28 billion, 12.92% of the total crypto market 24-hour volume. Read more:
