Financial Instruments
Paytm to invest Rs 100 cr in GIFT City to build global financial ecosystem
Fintech firm One97 Communications, which owns Paytm brand, plans to invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, the company said on Wednesday. The company will make the investment over a period of time and will seek requisite approvals for the same. "GIFT City is set to become a global financial hub, further putting India on the world map for innovation. The strategic investment in GIFT City represents a pivotal step towards building an Artificial Intelligence-driven cross-border remittance and payments technology landscape, presenting global opportunities. This will enable us to deliver fast, reliable, and cost-effective remittance solutions, reducing friction, at a global scale," One97 Communications Founder and CEO Vijay Shekhar Sharma said in a statement. With GIFT city as an ideal innovation hub for cross-border activity, Paytm will use its proven capability to innovate and build new tech for users across the
 "Paytm to invest Rs 100 cr in GIFT City to build global financial ecosystem")
Rating agencies seek harmonisation of norms for debentures and loans
The purpose of such a mechanism is to get better ratings and reduce cost of funds for an entity floating instruments.
 "Rating agencies seek harmonisation of norms for debentures and loans")
LIC Housing Fin Q4 net down 5.33% at Rs 398.9 cr on impairment spike
To raise equity capital through prefential issue to LIC
 "LIC Housing Fin Q4 net down 5.33% at Rs 398.9 cr on impairment spike")
Don't let numbers fool you: Learn ways to evaluate financial instruments
The sales pitch may showcase the best data, but there could be mis-selling involved. Learn the right ways to evaluate financial instruments
 "Don't let numbers fool you: Learn ways to evaluate financial instruments")
