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Rs 30,000 salary, Rs 40 lakh debt? Why Gen Z is slipping into a dangerous borrowing trap, plus 7 red flags to watchYoung Indians, particularly Gen Z, are facing a growing debt crisis. Easy digital loans and lifestyle demands are pushing them into signifi...- Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Paytm shares jump 3% as Q3 losses narrow, revenue risesShares of One 97 Communications, the operator of fintech platform Paytm, rose over 3% to Rs 798 on the NSE after reporting a jump in revenu...
- Hot Stocks: Brokerages view on Indian Hotels, Honasa Consumer, NMDC and PaytmCiti also maintained a buy rating on NMDC and BofA Securities recommended a buy on Paytm.
- Navigating the future of fintech: Exploring the buy now pay laterRapid growth in the UAE and India is attributed to digitization, ecommerce expansion, and appeal to the younger generation.
- Why is this fund manager recommending a balanced portfolio of equity and debt at this point?"Largecap indices corrected close to 2.5% in August. However, Nifty Midcap 100 and Nifty Smallcap 100 index gained 3.7% and 4.6%, respectiv...
- Rate hikes, margin pinch put pay-later companies in a tough spotRupifi, ePayLater and others in the online segment are feeling the heat, with eB2B marketplaces scaling down or tightening operations acros...
- IT hiring to drop severely in FY24 as slowdown bites; BNPL feels the bluesWith macroeconomic headwinds stalling growth, hiring across the IT sector is likely to take a hit in the coming months. And with no green s...
- Confident that SBI Card NIM will stabilise over the next two quarters: MDSBI Card's Rama Mohan Rao Amara, assures that despite a higher credit cost of 77 bps quarter on quarter, SBI Card will continue to operate ...
- Scoop: PhonePe may buy BNPL startup ZestMoney in big consolidation moveThis comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...
- Scoop: PhonePe may acquire ZestMoney; Aditya Birla Fashion close to buying Bewakoof; and Koo's new funding roundIf the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulato...
- ETMarkets Smart Talk: Bull run ahead? A January effect could play out in the run up to Budget 2023: Rajesh Cheruvu"International investments should play as part of an investor’s portfolio allocations with a structural perspective to benefit from geograp...
- Affordable Housing to be most impacted due to hike in interest rates: Atul Monga, CEO, Basic Home LoanThe recent RBI regulations are more focused on payments businesses for regulating BNPL players. It should not have too much impact on the h...
- Cars24 takes the slow lane; Bookmyshow backs D2C marketplaceCars24 plans to cut its cash burn in half and halt its overseas plans, having already sacked around 700 employees
- Buy Now, Pay Later fastest-growing segment for Mobikwik: Upasana TakuMobikwik to foray into P2P lending with RBI-registered NBFC Lendbox
- Follow these 6 thumb rules to minimise the cost of your loans, become debt free ASAPDon’t get lured by low rates and convenient repayment options. Here’s what you must know before taking a loan.
- Buy Now Pay Later business model faces test as rates riseBuy Now Pay Later (BNPL) firms have created one of the fastest-growing segments in consumer finance, with transaction volumes hitting $120 ...
- SBI Card MD & CEO explains why UPI, BNPL are no threat to credit card biz"Credit card is a derived demand product, and its growth is dependent on a combination of factors. Consumer spending on cards is a fair est...
- From BNPL schemes, gold hallmarking to new auto debit mandate: 11 personal finance changes, trends seen in 2021Here is a look at major trends and changes that impacted our personal finances in 2021.
- What will trigger the next market rally? Sanjeev Prasad answers"The question is whether earnings numbers can surprise on the upside. It does not look likely. We are already building a 31% net profit gro...
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