Category: Business News
Credit card, UPI, and ONDC markets to be entered by Adani Group
Adani Group will get into credit card, UPI, and ONDC markets: The billionaire Gautam Adani intends to enter the public digital payment system in India. In the media reported recently, that the Adani Group is presumably in talks with banks to complete plans for a co-branded credit card. Additionally, it hinted that the company is…
Growth of Data Centers to Attract $5.7 Billion in Investment by 2026
Based on forecasts, the data center (DC) business in India is expected to develop at a phenomenal rate, adding 791 MW of capacity by 2026. The demand for 10 million square feet of real estate will increase as a result of this expansion, drawing $5.7 billion in investments. The main factor driving the spike is…
RBI paid to the government equal to 0.6 percent of GDP: Fitch
The ratings agency Fitch said on Monday that the record-high dividend transfer by the RBI to the government is equivalent to 0.6% of GDP. It is further said that such a high level of dividends as a percentage of GDP is unlikely to be maintained. Notably, the board of the Reserve Bank of India (RBI)…
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