SHRIRAM FINANCE SUPER APP

The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.

Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.

While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen ...

Ecommerce major Flipkart launched a beta version of their financial app, Super .Money, on the Google Play Store. This app aims to be a one-stop shop for digital financial needs, offering features like payments, credit, and deposits.

Tata Group's super app Tata Neu and credit marketplace Paisabazaar are conducting pilot studies for credit disbursals through the ONDC network, with lenders like DMI Finance and Aditya Birla Finance already integrated.

Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will f...

Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and P...

Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.

Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Gr...

The Bharatiya Janata Party (BJP) unveiled its manifesto for the upcoming Lok Sabha polls, focusing on development and infrastructure. Prime Minister Narendra Modi emphasized the need for a stable government, highlighting commitments for the poor, yo...

Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of Shriram Housing Finance Ltd, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

Indian non-bank lenders are exploring alternative options for loan disbursal amid concerns over the regulatory issues surrounding Paytm, which has led to a temporary halt in its lending services. While lending partners have not terminated contracts ...

The app aims to be a digital enabler for customers -- both metro and non-metro -- helping them with 24x7 access to products and solutions in a "secure, streamlined, and simple manner", a company statement said.

It makes sense to pay more for a stock whose earnings grow at a faster rate. That is the reason why when a sector gets discovered first as a fast growing sector we see a sudden rush of money in that sector. If it is midcap stocks then it deserves to...

Shriram Finance's entry into the 50-stock index is expected to result in inflows of $245 million, according to Nuvama Alternative and Quantitative Research. Meanwhile, the exit of UPL will drive outflows of $107 million, the brokerage said.

​​Currently in beta stage, the app called ‘Shriram One’ will go live next month and is set to be launched formally in the next two-three months.

Some additional checks would help traders in taking better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price.

Shriram Finance, which has a market cap of Rs 75,215.33 crore, has surged nearly 50% over the last 12 months as against the 23% drop seen in UPL share price during this period. In the meantime, the returns by Nifty have been 13%

Sectorally, buying was seen in public sector, utilities, power, and realty stocks while some selling was seen in consumer durables, metal, and FMCG stocks.