City Tier-Ii Financial News

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here While earlier the plans were made as per fixed budgets and available funds, the plans today levy more focus on aspirations and experience, irrespective of the cost, with TNPL as an option. “Factors such as demographics and economic conditions play a crucial role in their decision-making process.

While established IT hubs such as Bengaluru, Pune, and Hyderabad continue to dominate, Nagpur is emerging as a formidable player in this digital revolution. Once considered a Tier-II city, Nagpur is now gaining traction as a center for AI-powered financial solutions, cloud computing, and fintech innovations. With a thriving IT ecosystem and increasing global investments, the city is leveraging GenAI to enhance customer experiences, drive automation, and accelerate digital transformation. Corpay Technologies: A catalyst for change in Nagpur’s tech landscape A significant contributor to this transformation is Corpay Technologies India Private Limited, a Global Capacity Centre (GCC) based in Nagpur. The company has been making waves internationally, reinforcing Nagpur’s position on the global IT map. Corpay Technologies India Private Limited is a part of Corpay Inc., a NASDAQ-listed company headquartered in Atlanta, Georgia, USA. Operating in over 150 countries, Corpay Inc. boasts an annual revenue of over $4 billion and an adjusted net income exceeding $1 billion, making it one of the global leaders in financial technology. Corpay has cemented its position as an industry leader across three core business verticals:

Subscribe to enjoy similar stories. Between 2016 and 2020, there was no rise in home prices due to the slowdown. It was only after the pandemic that sales picked up, as did prices.

gig economy, tier-one cities led in short-term blue-collar employment opportunities, accounting for 67.1 per cent openings from June 2023 to June 2024, a report said on Saturday. These tier-I cities, which have a large concentration of gig working opportunities, saw 63.11 per cent job applications originating from these urban hubs, a report by tech-enabled blue-collar workforce recruitment platform WorkIndia said. Tier-II cities saw 26 per cent of such job openings and accounted for 25 per cent of applications, indicating balanced growth potential, the report said. However, tier-III cities exhibited a lower proportion of job openings (6.7 per cent) compared to 11 per cent applications, hinting at heightened competition amidst an oversupply of gig workers, the report stated.

Rural consumption was hit by inflation and low wage growth, and it was the urban consumers who kept the spending ship afloat. No wonder, the Reserve Bank of India’s consumer confidence index is back at pre-pandemic levels: it is based on an urban survey. But digging deeper into the data made some fault lines apparent.

YouGov-Mint-CPR Millennial Survey held in December 2023. This is the highest support level the BJP has ever recorded in this survey since 2019, jumping from 39% in the previous round in mid-2023. The Opposition’s challenge seems to have fizzled out even before the race started.

Housing demand in India is projected to grow more than threefold and reach 93 million units by 2036 spurred by robust demand and supply in several tier-II and -III cities, according to Confederation of Real Estate Developers’ Associations of India (CREDAI).

DreamSetGo, unveiled the first edition of its year-end sports wrap-up report — DreamSetGo’s Sports Travel Index 2023. In 2023, DreamSetGo facilitated over 7500+ sports travelers across 14 global sporting events, a 30% increase since the pandemic. This indicates an increased appetite amongst sports travel and luxury experiences, the company said.

Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.

MUMBAI : Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group (MUFG); insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office. A person aware of the transaction said the investment valued the company, the insurance unit of used-car platform CarDekho, at around $600 million. While a large part of the funding round is equity, a small portion has been raised via debt, the company said.

Unicommerce. Growth in gross merchandise value (GMV) also slowed to 23.5% from 73.6%, the company, which helps merchants and brands sell online and manage their inventory, said in a report. Unicommerce chief executive Kapil Makhija said the slowdown in growth was a sign of stabilisation in the ecommerce industry after a couple of years of tailwind gains from Covid-19.

Crypto exchange CoinDCX, on the occasion of International Women's Day, shared that the exchange has only 15 per cent female users, compared with 85 per cent male users, with much room for growth for the former. Further, 35 per cent of the women user base comes from Tier I cities, whereas the remaining 65 per cent hails from Tier II, Tier III and other smaller towns. Among metro cities, Delhi, Hyderabad, Kolkata lead the charts in terms of numbers of female investors, whereas Jaipur, Patna and Lucknow have the highest concentration in non-metro cities.

The recovery in housing demand is being driven by a growing demand for homeownership, which is being fueled by historically-low mortgage rates, stamp duty waivers in several states, and stagnant prices. According to the JLL – Residential Market Update: Q3 2021, “in Q3 2021, sales witnessed an upward trajectory, increasing by 65% on a sequential basis, with 32,358 apartment units sold during the quarter against 19,635 units in Q2 2021.”