India faces risks from escalating oil prices, declining exports if the US slows, and potential market-unfriendly reforms from a new government. However, the banking and financial sectors offer promising opportunities, with high promoter stakes in Indian companies providing investor confidence.
Industry insiders told us that while new PoS terminals are still being deployed, its mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.
Stocks of Indian firms that earn a large chunk of their revenues from the nation's hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.
(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Dat
Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely and above-normal monsoon rains in 2024
The Nifty FMCG Index has risen 1.5% so far in May, beating the benchmark NSE Nifty 50 Index by more than two percentage points. It underperformed in each of the previous six months.
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Get latest articles and stories on Business at LatestLY. Bengaluru (Karnataka) [India], March 27: Innoviti Technologies Pvt. Ltd., India's largest payments-centric retail SaaS platform for enterprise brands and their SME channel partners, announced today that it has received the final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payments and Settlements Act, 2007. Innoviti is operating this business under the brand 'Innoviti Link.' Business News | Innoviti Receives RBI's Final Authorization to Operate as an Online Payment Aggregator.