New Delhi [India], August 10 (ANI/SRV): Muthoot Pappachan Group that has specialized in gold loans for over a century has picked up 54 per cent stake in Hyderabad-based fintech start-up Paymatrix by buying out investors as part of its added focus on the digital segment. Paymatrix is a fintech company that was set up in 2016 by Mukesh Chandra Anchuri and Muralidhar Nayak Guguloth as a platform to enable individuals and businesses to make their payments such as rental advances, security deposits, and maintenance on credit cards. "We started with a small use-case of offering rent-related payments on credit cards to eventually evolve into a Virtual swiping machine or a soft PoS(Point-Of-Sale) enabling payments for all expenses and bills using a credit card. The idea of Paymatrix was conceived when we faced a similar situation of arranging 300,000 INR as rental deposits to our landlord in Bombay," divulged Mukesh, Chief Executive Officer of Paymatrix. Since their landlords didn
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This paper aims to examine the asymmetric impact of oil price shocks on environmental degradation for a panel of six Gulf Cooperation Council (GCC) countries from 1996 to 2016. We use dynamic seemingly unrelated regressions (DSUR) approach that considers cross-sectional dependency to reveal the interrelations between oil price shocks and carbon dioxide (CO2) emissions. The finding shows that the positive shocks of oil prices have a statistically significant negative effect on CO2 emissions, while negative shocks of oil prices did not affect CO2 emissions. More specifically, the positive oil price shocks have negatively influenced the CO2 emissions in Oman, Bahrain, Saudi Arabia, Qatar, and United Emirates Arab. In turn, the most negative effect is found in Qatar and Saudi Arabia. Meanwhile, the negative shocks of oil prices have statistically significant effects on the CO2 emission of Oman and Saudi Arabia. While for other countries, it does not have a significant impact. Also, the res