Slowdown in revenue growth for Indian tech shares threatens stock surge. Profit estimates for Indian companies are moderating, with growth at 17.7%. Infosys and Tata Consultancy Services to report slow sales growth. Reduced spending and slower revenue conversion are likely to dent investor optimism. Weakness in the services industry can impact the broader economy.
‘Fintechs must treat data as fiduciary duty, not business asset,’ says RBI Governor Sanjay Malhotra
Reserve Bank of India governor Sanjay Malhotra stressed data fiduciary responsibility for fintechs. He stated that user data must be treated as a trustee asset,