Indian investors can now buy crypto ETFs by depositing INR in Indian exchanges or through the Liberalised Remittance Scheme (LRS) route. The LRS route allows investors to send up to $250,000 per year to a US brokerage account and take exposure to the ETF. However, using the LRS route may incur a 20% TCS on …
How can Indians invest in Bitcoin ETFs in the US? BitBNS’ Gaurav Dahake answers Read More »
Paytm is expected to post solid revenue growth for the third quarter. Revenue from operations may grow 32% YoY and rise 8% sequentially. Losses are expected to narrow to Rs 280 crore. Analysts expect operating profit to increase, driven by improved contribution margin. In Q2, Paytm’s revenue from operations improved 32%.
It is the SaaS (Software as a Service) and fintech founders have the highest focus on profitability, and majority (almost two-thirds) of growth and late-stage founders are the ones prioritising profitability over growth.
The deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking finance company (NBFC) arm DMI Finance becoming the preferred lender on Zest’s platform, it said in a statement on Wednesday.
Infibeam Avenues has appointed Rajesh Kumar SA as CEO of its artificial intelligence business, Phronetic.AI. Kumar has over 16 years of experience in deep-tech AI and machine learning, having previously worked as the director of ML at Meesho and co-founded Streamoid. With four US patents, Kumar holds expertise in deep learning, ML, fashion styling, and …
Infibeam Avenues appoints Rajesh Kumar SA as CEO of Phronetic.AI Read More »
Bagchi founded the startup with fellow former banker Nihar Gupta. Bagchi, who was previously chief business officer at Jupiter, has worked in senior leadership roles at Standard Chartered, Axis Bank, National Payments Corporation of India, Innoviti Payment Solutions, Kotak Mahindra Bank, Global Payments and ICICI Bank. Read on to know more:
The RBI recently released a draft framework for FinTech SROs which it believes is a preferred approach for bringing in a desired balance in the sector. The FinTech sector has welcomed this move by the regulator and highlighted the plus points, alongwith some open questions.
“On the last day, traders opted for profit booking, causing Bitcoin to come close to the $42,000 mark. However, a rapid bullish phase took over, pushing the price up to $43,500 before settling just below $43,000. Bitcoin’s next challenge is at the $43,918 resistance level, while the preceding support level stands at $42,510,” said Edul …
Crypto Price Today: Bitcoin holds near $42,800; Altcoins trade with mixed cues Read More »
The global crypto market cap dropped about 5 per cent to $2.22 trillion mark compared to the last day. However, the total crypto market volume increased over 14 percent to $99.85 billion. Barring the dollar pegged stablecoins, all other eight among the top 10 digital tokens were trading lower at 9.30 am IST. Terra dropped …
Even though Indian FinTechs witnessed a funding winter for the entire of 2023, they were on an acquiring spree where these fintechs took the M&A route to either back their technological advancements, get regulatory licenses by acquiring NBFCs or better their customer service and reach. As per latest data by Tracxn, ETBFSI gives you a …
Fintechs on an acquiring spree, top 10 deals from 2023 Read More »
