Over the next few years, PhonePe intends to use these funds to rapidly expand its existing operations, including lending, stockbroking, ONDC-based shopping, and account aggregators, as well as its payments and insurance businesses in India.
Company’s consolidated revenue from operations jumped 40% y-o-y to Rs 3,353.36 crore.
US CPI inflation in January stood at 6.4% on y-o-y basis; and at 0.5% on month-on-month basis.
When the January 2023 wholesale price inflation (WPI) was announced on 14th February, it marked the 8th consecutive month of falling wholesale inflation.
Its revenue from operations remained flat at around Rs 2,111 crore.
Banking stocks drive benchmark indices upward as expectations of interest rate hikes increase after January inflation data.
US consumer inflation has now fallen a full 270 basis points from the peak of 9.1% in June 2022.
With the cancellation of the Certificate of Registration (CoR), the two NBFCs should not conduct Non-Banking Financial Institution (NBFI) business
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