Payment technology innovation leader VoPay has partnered with New York-based Hydrogen, a global fintech acceleration platform, to offer their clients powerful end-to-end payment processing solutions, including open banking payments.The partnership empowers fintechs to access VoPay’s digital bank payment tools directly through the Hydrogen API, in addition to Hydrogen’s other financial service integrations.This access will enable fintechs to better serve the 57.5 percent of consumers who admit to being interested in banking with non-financial companies. This comes at a time where research from a new Accenture report predicts financial incumbent banks will lose up to 15 percent of their revenue pool in retail payments to fintechs over the next three years.Close VoPay’s Founder & CEO, Hamed Arbabi, said, “Most financial technology companies don’t have the resources nor the time to quickly connect to payment networks or handle complex workflows. … [Read more...] about VoPay & Hydrogen to offer clients seamless access to open banking payments
Sleeping open eyes
Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
Vice President M Venkaiah Naidu on December 14 invoked Mahatma Gandhi's "suggestion" to disband the "Congress as a platform" after India attained independence from the British in 1947.Naidu also said everybody celebrated the Supreme Court's unanimous verdict on the Ayodhya dispute, clearing the decks for the construction of a Ram temple.The vice president was speaking as the chief guest to mark the 40th Foundation Day of the Institute of Rural Management, Anand (IRMA) on the National Dairy Development Board (NDDB) campus.Close "Mahatma Gandhi gave two suggestions after Independence. First, he asked for the closure of the Congress as a platform. I am telling you for your information that the Congress was primarily a movement of people of different ideologies," he said. related news Congress stoking violence against amended Citizenship Act: Amit Shah It's time to rise to save Country, its democracy: Sonia Gandhi 'My name is Rahul Gandhi, not Rahul Savarkar; will never … [Read more...] about Vice Prez recalls Mahatma’s ‘view’ to shut Congress platform
Chhitij JainStrategy setup - Delta-based “Bull Call Spread”The market has reclaimed lost ground in the past two trading sessions after a mild correction and many stocks which were in strong uptrend have gone through a phase of consolidation, ready for the next leg of the rally.Close Chhitij JainHead of Derivatives|Rudra Shares & Stock Brokers Construct 'covered call in Ujjivan Financial' for getting benefit of USFB IPO listing in coming weekAfter massive bull run, SBI likely to trade sideways; choose short straddleGo with 'covered put' weekly strategy in Bank Nifty using 'Van Allen' pointsWe have selected Reliance Industries from the pack. After hitting the fresh all-time high, stock has formed a base and appearing to be ready for fresh up move again. Hence, we would recommend the delta appreciating based “Bull Call Spread” in the counter.As we have appropriate time left for the expiry, it will be prudent to go for Delta Based strategy to capture … [Read more...] about Reliance forms a base, recommend delta appreciating based “Bull Call Spread”
The Indian economy has grown by leaps and bounds after attaining Independence in 1947. The history of trade and commerce in the Indian subcontinent can be divided into many phases — deindustrialization induced by colonization, socialist central planning in the aftermath of Independence and free market economics after the liberalization reforms of 1991.India’s share of the world economy slipped from around 25 percent in 1700 to 4.2 percent in 1950. A century under colonial rule had sapped the country’s entrepreneurial spirit. The country was forced to divert its raw materials to feed the mechanized factories that had sprung up in Britain during the industrial revolution. Poverty and famine was rampant.After the British left Indian shores, the newly elected government charted a course for the country that entailed capital controls and central planning, much along the lines of the Soviet Union. Even though the ruling dispensation at the time had pledged … [Read more...] about The India growth story: Here’s how some macro indicators have fared since 1947