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GDP shows investment green shoots

CFO News

Key sectors like trade, hotels, transport, and communication saw growth of 9.2%, while real estate and finance rose by 12.2%. Nominal GDP grew by 8.0% compared to 27.7% in the first quarter of FY23. Agriculture and electricity sectors grew by 3.5% and 2.9%, respectively.

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B2B Payment Network PayCargo Lands $35M Investment

PYMNTS

Supply chain industry payments network PayCargo has landed an Insight Partners-led $35 million investment, according to a Tuesday (Sept. The company will harness the funds to grow international adoption of its digital payments network and speed up investments in its technology, according to the announcement. 29) announcement.

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Members’ Profile: Rowen Pillai

CFO Talks

Rowen’s career in finance and leadership has positioned him as an influential figure, serving in executive roles across various sectors, including transportation, investment, and industrial management. Collaboration and open communication are also central to how I tackle difficulties.

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COP29: Aliyev’s Moment In The Spotlight

Global Finance

Fitch upgraded the country’s sovereign rating to investment grade in July, to BBB- from BB+, with a stable outlook, and upgraded several Azeri commercial and banking entities, including SOCAR and ABB, the International Bank of Azerbaijan. of GDP in 2024. He’s gotten away with a lot, and I expect this to continue,” she adds. “He

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The Czech Republic: Looking To Diversify

Global Finance

A dynamic services industry led by tourism, business services, and communications has helped create a diversified economy, stabilized by EU membership and close integration into the European and particularly the German supply chain. expected in 2024, 2.5% in 2025 Inflation (2024): 2% Unemployment rate: 3.7% Currency: koruna.

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Paytm Backs Travel Software Firm Infinity With Estimated $1.4M

PYMNTS

Paytm parent company One97 Communications has made a strategic investment in the travel software provider Infinity Transoft Solutions, Times of India reported Tuesday (Dec. It also handles ticketing for state-run road transport corporations in Andhra Pradesh, Telangana, Gujarat, Uttar Pradesh, Maharashtra and others.

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Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea

PYMNTS

“In addition, the Unit provides other mobility services such as T Map Auto, T Map Public Transportation and T Map Parking, all of which will be continued by T Map Mobility.”. Uber is expected to invest $50 million in the operation, according to the news release.