A recent report from the US Consumer Financial Protection Bureau (CFPB) stated that users of BNPL products typically had lower credit scores and limited savings
Suffering from high losses, a growing mound of bad loans and failure to convince PhonePe for a merger deal, ZestMoney will have to rethink its growth strategies if it is to make a turnaround
With growing instances of companies employing AI chatbots to recommend business decisions, can it replace humans at senior management levels, or will it remain a tool in the hands of smart humans
Industry watchers feel the impact will be felt most by larger players in the MSME sector who might dissuade customers to use digital wallets as a payment option and even offer cash discounts to save on the interchange fees
While the discovery of lithium-ion reserves in India is welcome news, it will take at least three years before it is viable for commercial use. Till then, the electric vehicle sector will need the government’s support in the form of the FAME II subsidy scheme
The American bank worked on a model that was favourable for fast-paced start-ups. If the Indian banking sector can emulate that model, while retaining its cautious approach towards lending, it can keep local start-ups insulated from upheavals like the one at the American bank
In her Union Budget 2023 presentation, Finance Minister Nirmala Sitharaman claimed that the government would provide an exemption on capital goods and machinery needed for producing lithium-ion batteries for electric vehicles EVs
In the budget, the government announced measures that would help the sector to maintain the flow of growth. Additionally, it focussed on creating more jobs, improving entrepreneurial opportunities and enabling increased use of technologies
The government is planning to provide a boost to the pharmaceutical industry by focusing on research and innovation via a public-private partnership (PPP) model
