Walmart-backed Indian fintech firm PhonePe is planning to list at a valuation of $9 billion to $10.5 billion, Reuters reported, citing two people with direct knowledge of the matter. This indicates the IPO will generate approximately $900 million to $1.05 billion. However, even at the higher estimate, the deal reflects a lower valuation compared to…
Budget 2026: Just one week remains until Finance Minister Nirmala Sitharaman presents the Union Budget 2026 in Parliament on Sunday, February 1. As the Budget speech approaches, industry observers and stakeholders are eager to see the government’s plans for the Indian economy. Talking about the fintech ecosystem, analysts believe that India’s swift embrace of digital…
New unique investors are being added at a much faster pace in northern states, J&K and Ladakh than some of the traditionally dominant investing regions including Maharashtra and Gujarat. Source
(Bloomberg) — Cathie Wood’s ARK Blockchain & Fintech Innovation ETF delivered a standout 29% return in 2025, defying an industry downturn by stretching the definition of “financial technology.” The inclusion of stocks such as artificial intelligence firm Palantir Technologies Inc., up 135% last year, and TV streaming platform Roku Inc., up 46%, helped buttress ARKF,…
The notification aligns India’s technical norms with the latest global International Standards Organization (ISO) and International Electrotechnical Commission (IEC) frameworks as regulatory agencies step up efforts to modernize digital and industrial infrastructure. mint reported on 28 August 2024 that the BIS was preparing a comprehensive set of standards for AI-related applications in India. The new…
