'India will have 2,500 GCCs by 2030'
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Time of India
43 minutes ago
- Time of India
AIIB building a robust pipeline of Indian projects to fund: Vice-president Pandey
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Asian Infrastructure Investment Bank ( AIIB ) is looking to expand its India footprint and widen its pipeline of both sovereign and private sector projects to fund, said Ajay Bhushan Pandey , vice president (investment solutions) at the Beijing-based multilateral focussing on sectors, including clean energy, green mobility, affordable housing, data centre and other digital infrastructure, he is the largest recipient of AIIB funds and accounts for a fifth of the lender's $60 billion financing since inception nine years ago, Pandey said. Of the $12 billion that Indian projects have received so far, the private sector's share stands at $1.8 billion, he lender, Pandey said, aims to expand its overall annual financing target to about $17 billion in 3-4 years from $10 billion now. This will leave greater funding space for India and other AIIB has 110 members. India is the second-biggest shareholder with a 7.57% voting share in the multilateral bank, trailing China that has 26.52%.AIIB is willing to play its role not just as a financier but also as a catalyst for governments and private players to raise funds using the backing of the multilateral bank that has an AAA its participation in a project, including the private ones, can potentially encourage other lenders and investors to join in, significantly bolstering the availability of finances for the and his team are meeting various government functionaries and private players during their India AIIB will work with various ministries to create a very sound pipeline of sovereign projects, Pandey said. 'Similarly, we will work with private sector players to create the pipeline of the projects where we can finance through all the options that are available," he is scheduled to meet senior officials from the ministry of health later on Tuesday and those from the power ministry on Wednesday. He huddled with the water resources secretary on Monday and a number of issues, including the revival of dams, interlinking of rivers and the Namami Gange programme (meant for curbing pollution and rejuvenating the Ganga), were will meet Maharashtra chief minister Devendra Fadnavis and senior state officials to discuss infrastructure projects in both public and private sectors.
Time of India
44 minutes ago
- Time of India
Ripple (XRP) price prediction: 333% surge in 40 days! Here's all about the prediction
Renowned Chartered Market Technician and crypto strategist Tony "The Bull" Severino believes Ripple's XRP could be on the verge of a major rally—potentially soaring by 333% in just 40 days. Taking to X (formerly Twitter), Severino outlined his forecast based on Elliott Wave Theory, a popular technical analysis method. According to his analysis, XRP could climb to as high as $13, fueled by a powerful fifth wave breakout. He notes that the fifth wave, which spans six bars in the current pattern, mirrors a classic bullish triangle setup—typically signaling explosive upward movement following a corrective fourth wave. Explore courses from Top Institutes in Please select course: Select a Course Category Elliott Wave-Based Price Targets According to reports, as per Severino's Elliott Wave analysis XRP's price could go to $4–$6 in the first profit-taking zone during Wave 3, $11–$13 in mid-term target if bullish momentum sustains, and $27–$30 in a full Elliott Wave cycle. If the technical setup plays out and broader crypto market conditions remain favorable, XRP could be entering one of its most lucrative phases yet. Live Events Why This Matters XRP is a dominant force in cross-border payments, often clocking $10 billion in daily trading volume during bullish phases. Earlier this year, the token witnessed a strong rally after Ripple reached a $150 million settlement with the U.S. Securities and Exchange Commission (SEC), easing years of regulatory pressure. Now, fresh catalysts are building as Ripple is awaiting a decision from the U.S. Office of the Comptroller of the Currency (OCC) regarding its application for a banking license. Investor excitement is also growing around the potential approval of Ripple-based exchange-traded funds (ETFs), with 11 proposals currently under SEC review. A decision is expected by late October. XRP is currently trading at $3.24, up over 3% in the last 24 hours. The recent jump of $0.07 (+2.21%) has marked a new short-term high, with analysts pointing to rising optimism and whale accumulation as key drivers. Technical analyst XForceGlobal believes XRP is poised for a breakout, especially if it can decisively surpass resistance at $3.30. If that happens, XRP could make a quick move toward $4, with even higher targets in sight. Behind the scenes, large holders—often called whales—are quietly accumulating XRP. Wallets holding between 10 million and 100 million tokens now control over 8.3 billion XRP, equivalent to roughly 14% of the circulating supply.
Time of India
an hour ago
- Time of India
Second Serve, First Principles: Shilpi Kapoor's quiet rebellion in FinTech
In an era where trust in digital banking is fragile and fraud lurks behind every link, Airtel Payments Bank is betting on a counterintuitive idea: that being your second bank account may be its strongest advantage. At the heart of this strategy is Shilpi Kapoor, Chief Marketing Officer of Airtel Payments Bank, who calls it 'your safe second account' — a low-risk, high-convenience platform designed for everyday transactions. No loans, no long queues, no paperwork. Just simple, secure banking. In a recent conversation for the CXO Connect series, Kapoor unpacked how trust, inclusion, and insight-led marketing are powering the bank's journey from 100 million users toward its next billion. 'My Next Billion...': Airtel Payments Bank CMO Shilpi Kapoor On How To Expand Fintech Customer Base Financial Inclusion Meets Everyday Use Airtel Payments Bank isn't your typical bank. It can't issue loans or offer credit cards. What it can do — and what Kapoor focuses on — is bring the unbanked and the digitally hesitant into the financial ecosystem. 'We serve both ends of the spectrum,' she explains. 'A gig worker in a Tier 5 town and an urban customer in Delhi might both need a fast, frictionless way to bank — just for different reasons.' For one user, the Payments Bank might be the first account ever opened — a tool to receive government subsidies, send money home, or scan a QR code at a kirana store. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo For another, it's a clean, compartmentalised space to manage online payments without worrying about phishing links draining a salary account. 'We realised 77% of urban users wanted a safe secondary account — not their main bank account, but one they could control and limit,' she adds. One-Click Panic Button? Yes, Please Kapoor isn't just leading a branding campaign — she's helping build features rooted in behavioural insight. One example is Fraud Alarm, a one-touch killswitch that immediately freezes all outgoing transactions from your account. 'If you've clicked on something suspicious, or your phone's compromised, you shouldn't be fumbling through IVRs. Just slide the button. Everything stops. Risk teams are alerted instantly. ' The feature is part of what Kapoor calls an industry-first approach to trust-building. The bank also enables instant CKYC-based onboarding — no branch visits, no endless paperwork, just a smartphone and Aadhaar. For women entrepreneurs running cloud kitchens or home services, that's game-changing. '40% of new accounts today are opened by women,' she says. 'Not because we ran a pink campaign, but because we made it simple and private. ' From Mass Adoption to Lifetime Value Kapoor is quick to challenge one of FinTech's favourite vanity metrics: DAUs and MAUs. 'It's not about how many times a customer opens the app. It's about how they engage with you over time. Lifetime value is what matters.' To that end, Airtel Payments Bank has developed dynamic behavioural cohorts. Every new user enters a 30–60–90 day 'baby care' phase where they receive tailored communication — via WhatsApp, SMS, or vernacular how-to videos — based on engagement levels. Someone checking their balance obsessively gets a different nudge from someone paying their electricity bill regularly. The goal is not spam, but personalisation with purpose. Creativity, Meet Data . Now Shake Hands. Kapoor describes her approach as a 'love marriage that was arranged' — the merging of creativity and data. 'Data tells you where to go. Creativity tells you how to reach there.' She recalls a campaign that initially focused on convenience — 24/7 banking, zero queues, local access. But user research flipped the script. 'Consumers said safety mattered more than convenience. That changed the tone of the campaign entirely. We went back to the drawing board.' This theme — humility before insight — recurs often. Whether it's repositioning the bank, tweaking feature sets, or creating video content, Kapoor insists on iterative thinking. 'Don't fall in love with the Gantt chart. Listen to the user.' Media Mix in a Multi-Tiered Market Airtel Payments Bank operates without physical branches. Which makes trust even more crucial. Kapoor's media strategy reflects that dual challenge. Digital gets the lion's share of spend (60% and rising), with hyperlocal vernacular targeting. 'My urban customer is on Instagram . My Tier 4 customer might still trust a newspaper or a poster at their local kirana.' Print is used sparingly — to drive trust for high-visibility launches like the NCMC metro card campaign in Delhi NCR. Outdoor media appears where it matters: metro stations, train stops, or local hubs. Not a Joke Kapoor has also led purpose-driven campaigns like #NotAJoke, which ran around April Fool's Day. It featured influencers who had themselves been duped by phishing or fake links. 'We wanted to show that fraud doesn't discriminate. If it can happen to someone savvy, it can happen to anyone.' The goal? Not fear. Just education. With a little bit of relatability. What Makes a Modern CMO? For Kapoor, the role of a marketing leader today goes beyond storytelling. It's about agility, tolerance for failure, and letting the team breathe. 'Failure is not fatal. But not trying is,' she says. She draws boundaries: no weekend calls, no late-night pings. 'If I can't get my point across in nine hours, I shouldn't try doing it in hour ten.' She believes in empowering colleagues, not managing employees. 'You want people to challenge the way things have always been done — but they won't do that if they're afraid of being wrong.' Driving Alone, Thinking Loud When things get overwhelming, Kapoor hits the road. Literally. 'I love driving. Alone. With a great playlist and a hazelnut coffee stop somewhere along the way. It's my space. My reset.' She doesn't believe in glamorising burnout. 'In India, being busy is a status symbol. But what are we racing toward? Sometimes slowing down lets you see things clearly.' Final Thought In a world racing toward disruption, Kapoor's approach is refreshingly grounded. Don't chase the headline. Solve a problem. Don't just build faster tools. Build safer ones. And if you're going to be second — own it, build trust, and let first place worry about catching up. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
