Paytm to invest Rs 100 cr in GIFT City, to offer AI-driven cross border remittance

IANS | January 10, 2024 10:12 AM

New Delhi, Jan 10 (IANS) One97 Communications Limited (OCL) that owns India's leading payments and financial services company Paytm, on Wednesday announced an investment of Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, ahead of the 'Vibrant Gujarat Global Summit 2024'.

Strong build-up of short positions in the market

IANS | January 9, 2024 11:12 AM

New Delhi, Jan 9 (IANS) The 197 points decline in Nifty on January 8 despite marginal buying by both FIIs and DIIs indicates strong build up of short positions in the market, said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

US and global economy may face major challenges in 2024

IANS | January 2, 2024 10:59 PM

Washington, Jan 2 (IANS) The US and the global economy may face major challenges in 2024 though they have proved to be surprisingly resilient in the past year. However, the strains of wars, still-elevated inflation and continued high interest rates could impact GDP growth rates.

Oil & gas stocks shine as markets hit fresh highs

IANS | December 28, 2023 4:30 PM

Mumbai, Dec 28 (IANS) The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday.

Insurance readiness in FY2024: Building financial resilience without breaking your piggy bank

Vishal Gupta | December 20, 2023 3:09 PM

New Delhi, Dec 20 (IANS) We all aspire to accumulate wealth and the key to doing that is discipline. Discipline is about investing systematically and for the longer term and more importantly, it is also about protecting our investments. There are unexpected emergencies that may occur and may lead to either not being able to invest that month, or even worse, we may have to liquidate some of the investments to meet those unexpected expenses.