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RBI May Consider Cancellation Of Paytm Payments Bank’s Licence By Next Month
The spate of troubles for fintech major Paytm continues unabated. The Reserve Bank of India (RBI) is now reportedly mulling the cancellation of the operating licence of Paytm Payments Bank next month....
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28% GST Effect: Monthly Tax Collections From Online Gaming Platforms Jump To...
The union government’s monthly GST collections from online gaming platforms have reportedly soared more than 400% since the imposition of the much-debated 28% tax levy in October last year. A senior...
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The Story Of Inc42
The One Where It All Began “Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.” So did we! We, (Pooja, Vaibhav And Utkarsh) are the living...
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SC To Hear Tamil Nadu’s Appeal Against Madras HC Order Quashing Ban On Online...
The Supreme Court (SC) on Monday (February 5) reportedly agreed to hear the appeal filed by the Tamil Nadu government against a Madras High Court (HC) order setting aside the provisions of the state’s...
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Not In Negotiations To Acquire Paytm’s Wallet Business: Jio Financial Services
Jio Financial Services (JFS) on Monday (February 5) dismissed a report which said the company was in talks to acquire the wallet business of Paytm following the Reserve Bank of India’s (RBI’s)...
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Mahadev Online Book Promoters Under DGGI Scanner For GST Dues Worth INR...
The infamous Mahadev Online Book betting platform and its promoters are reportedly under the scanner of the Directorate General of GST Intelligence (DGGI) for alleged violation of GST rules and...
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Nazara Q3: Profit Zooms 46% YoY To INR 29.5 Cr, Sales Up 2%
Gaming major Nazara Technologies’ consolidated net profit zoomed over 46% to INR 29.5 Cr in the third quarter of the financial year 2023-24 (FY24) from INR 20.1 Cr in the year-ago period. Sequentially,...
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After RBI Officials, Paytm’s Vijay Shekhar Sharma Meets FM Nirmala Sitharaman
Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma reportedly met finance minister Nirmala Sitharaman on Tuesday (February 6) amid the crisis at the fintech giant following the...
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MCA Issues Notice To BharatPe, Seeks Evidence Presented In Courts Against...
The Ministry of Corporate Affairs (MCA) has issued a notice to BharatPe seeking information about legal proceedings initiated by the fintech major against its former MD Ashneer Grover. A BharatPe...
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UPI Outage: NPCI Blames Banks For The Technical Issue
Unified Payments Interface (UPI) faced a major outage on Tuesday (February 6) knocking down digital payments services in many parts of the country. National Payments Corporation of India (NPCI), which...
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Govt Has Nothing To Do With RBI’s Action On Paytm Payments Bank: Financial...
A senior official in the Ministry of Finance has reportedly termed the Reserve Bank of India’s (RBI’s) crackdown on Paytm Payments Bank in the interest of consumers and the Indian economy. Speaking to...
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upliance.ai Bags INR 34 Cr From Khosla Ventures, Others To Bolster AI-Powered...
Home appliance startup upliance.ai has raised INR 34 Cr (over $4 Mn) in its seed funding round led by Khosla Ventures. The funding round pegged the startup at a valuation of INR 143 Cr, upliance said...
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UAE’S ADIA To Set Up $4.5 Bn Fund In GIFT City To Invest In India
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) reportedly plans to establish a $4.5 Bn fund to invest in India via the GIFT City. The regulatory authority for financial services,...
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Microsoft To Train 2 Mn Indians In AI By 2025
Microsoft plans to train more 2 Mn Indians on artificial intelligence (AI) by 2025, according to the company’s chief executive officer (CEO) Satya Nadella. The company will impart AI skilling...
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Dailyhunt Parent VerSe Innovation Secures INR 50 Cr Debt From Alteria Capital
VerSe Innovation, the parent of Dailyhunt and Josh, has raised debt capital of INR 50 Cr ($6.25 Mn) from Alteria Capital. As per regulatory filing accessed by Inc42, the company’s board has issued...
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Up To Banks To Decide If They Want To Partner Paytm Payments Bank: RBI Dy Guv
As Paytm’s banking unit Paytm Payments Bank tries to find the path ahead after the Reserve Bank of India (RBI) imposed restrictions on it last week, the fintech giant took the centre stage at the...
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Zomato Q3: Blinkit Posts Second Consecutive Contribution Positive Quarter
Zomato’s quick commerce vertical Blinkit continued to scale up and was contribution positive for the second consecutive quarter in the three-month period ended December 31, 2023. In its shareholders...
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Amid Regulatory Crisis, Paytm Forms Group Advisory Panel To Strengthen...
In the middle of a regulatory quagmire, fintech major Paytm on Friday (February 9) announced the formation of a group advisory committee to address compliance and regulatory issues. The panel will be...
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Govt’s Fund Of Funds Facilitated INR 17,534 Cr Investments In 938 Unique...
A third-party assessment of the fund of funds (FoFs) scheme for startups has revealed interesting insights about the Centre’s ambitious scheme. Undertaken by analytics company CRISIL, the report...
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Foreign-Owned Fintechs Under Scanner? MP Supriya Sule Calls PhonePe & Google...
Just a day after a Parliamentary panel raised concerns over the dominance of foreign-owned fintech apps, Nationalist Congress Party (NCP) Member of Parliament (MP) Supriya Sule has now called payment...
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