myneharai.nr1@gmail.com

The Department of Financial Services secretary unveiled three new digital payment features at the Global Fintech Fest 2025. These innovations include on-device biometric authentication for UPI, Aadhaar-based face authentication for PIN management, and cash withdrawals via micro ATMs using UPI. These advancements aim to simplify and broaden access to digital payments, particularly in rural and

Niti Aayog CEO BVR Subrahmanyam highlighted India’s need to expand its credit-worthy population to achieve its developed nation goals by 2047. He emphasized technology and fintech’s crucial role in addressing immense credit gaps for women, MSMEs, and youth, leveraging alternative data and digital ecosystems.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,100, BSE Sensex was near the 82,00 mark.

Perfios and NeSL have joined forces. They will use AI and smart data to spot early signs of loan repayment trouble. This partnership aims to make lending safer and faster for banks. It will help reduce defaults and increase credit access. Lenders can now perform deeper checks and get early warnings.

AMD has secured a multi-year deal to supply artificial intelligence chips to OpenAI, a partnership potentially worth tens of billions annually. This agreement also grants OpenAI the option to acquire up to 10% of AMD. The pact highlights the immense demand for computing power in the AI race.

India’s Unified Payment Interface (UPI) has expanded its reach overseas with its launch at Lulu Group stores in Qatar, following its introduction at Hamad International Airport. This integration aims to streamline and reduce costs for financial transactions between India and Qatar, benefiting both nations and the Indian diaspora in Qatar.

India’s housing market experienced a 3.1% demand surge in Q3, driven by buyers favoring smaller 1 and 2 BHK homes due to affordability concerns. This shift reversed a two-year decline. Despite a 4.5% drop in overall supply year-on-year, prices climbed, with Pune, Mumbai, and Greater Noida leading the surge. Under-construction properties commanded higher premiums.

Stock market recommendations: Mirae Asset Sharekhan’s Somil Mehta recommends buying Mahindra & Mahindra (M&M) and Bharat Forge. M&M is expected to resume its uptrend after completing a corrective pattern, with a target of Rs 3,720. Bharat Forge has broken out of a triangle pattern and is poised for an uptrend, aiming for Rs 1,335.