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BYJU’S Crisis: Now, NCLT Admits Insolvency Plea By Term Loan B Lenders
Adding to the long list of insolvency petitions against BYJU’S, the National Company Law Tribunal (NCLT) on Wednesday (February 21) admitted the insolvency plea filed by the edtech major’s creditors....
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Cabinet Approves 100% FDI For Certain Spacetech Sub-Sectors
The union cabinet has approved 100% foreign direct investment (FDI) via the automatic route for certain segments within the space sector, fulfilling a long-standing demand. The cabinet, chaired by...
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India One Of The Toughest Markets To Crack: Uber CEO Dara Khosrowshahi
Ride-hailing giant Uber’s chief executive officer (CEO) Dara Khosrowshahi has termed India as one of the toughest markets to crack. Speaking at an event in Bengaluru, Khosrowshahi said Indians do not...
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Battle For BYJU’S: Byju Raveendran & Family To Skip EGM
A day ahead of the crucial extraordinary general meeting (EGM) convened by the investors of BYJU’S on February 23, the edtech giant said its founder and CEO Byju Raveendran and his family will not...
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Google Pay Announces Pan-India Roll Out Of SoundPods Amid Rumblings At Paytm
Amid rumblings at Paytm, Google Pay is rolling out its SoundPod device across India in the coming months. SoundPods is an audio device that helps merchants track QR code payments via audio...
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Reliance Jio Continues To Lead Telecom Market, Adds 40 Lakh Wireless...
Reliance Jio added 39.9 Lakh wireless subscribers to its user base in December 2023, as per the monthly data released by the Telecom Regulatory Authority of India (TRAI). Jio was followed by Airtel,...
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RBI Directs NPCI To Examine Paytm’s Request For Becoming A Third-Party App...
The Reserve Bank of India (RBI) has advised the National Payments Corporation of India (NPCI) to examine Paytm’s request to become a third-party application provider for UPI payments. “National...
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Google’s AI Chatbot Gemini Faces IT Ministry’s Ire Over Responses On PM Modi
At a time when the Indian government is firming up regulations to oversee the AI space, Google’s chatbot Gemini has now ruffled some feathers in the corridors of power. Responding to a post on X...
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BYJU’S EGM: Investors Vote To Remove CEO Byju Raveendran, But Matter Pending...
The contentious extraordinary general meeting at BYJU’S has seen shareholders unanimously pass all resolutions, even as the company continued to maintain that the EGM itself was invalid. In a...
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RBI Allows Banks And Non-Banks To Issue PPIs For Public Transport, Industry...
The Reserve Bank of India (RBI) on Friday (February 23) allowed both banks and non-bank prepaid payment instruments (PPI) issuers to offer PPIs for public transport services. The central bank amended...
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Infibeam Avenues Acquires 20% Stake In US-Based AI Development Company XDuce...
Fintech company Infibeam Avenues has announced the acquisition of a 20% stake in US-based artificial intelligence (AI) company XDuce for $10 Mn. Founded in 2006, XDuce is an enterprise app and AI...
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Log9 Materials Fires 115 Contractual Employees, Delays January Salaries
Along with delaying the salaries of all its employees for the month of January, battery startup Log9 Materials has laid off 115 contractual employees. Confirming the development, Log9 Materials...
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Vijay Shekhar Sharma Quits Paytm Payments Bank’s Board
In a major development, Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma has stepped down from the board of Paytm Payments Bank. In a filing with the bourses, the fintech startup...
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FM Nirmala Sitharaman Meets Fintech Startups, Underlines Need For Compliance
During a meeting with homegrown fintech startups, finance minister (FM) Nirmala Sitharaman on Monday (February 26) underscored the need for them to comply with norms and protect consumer interest. The...
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RBI Grants Payment Aggregator Licence To Amazon Pay
Ecommerce giant Amazon’s fintech arm, Amazon Pay, has received authorisation from the Reserve Bank of India (RBI) to operate as a payments aggregator (PA). As per RBI website, the central bank greenlit...
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Zeno Health Bags $25 Mn Funding To Bolster Its Omnichannel Pharmacy Play
Healthtech startup Zeno Health has raised $25 Mn in its Series C funding round led by South Korean private equity (PE) firm STIC Investments. The round also saw participation from existing investor...
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Nita Ambani Likely To Helm The Board Of Reliance-Disney India Media Entity
A day after Reliance and Disney reportedly signed a pact to merge their India media businesses, it has now emerged that Mukesh Ambani’s wife Nita Ambani will likely helm the board of the consolidated...
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FAST42 By Inc42 — India’s Most Coveted List Of Fastest Growing D2C Brands To...
The wait is finally over! After three months of extensive groundwork, Inc42 is all set to unveil India’s most coveted list of the fastest-growing D2C brands — the FAST42 — during a grand unveiling...
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Haus & Kinder Offers Cool & Chic Home And Baby Essentials For New-Age Moms
The Origin Story Saket Dhankar, an IIT-Bombay and IIM-Calcutta alumnus, wanted to put his 20+ years of experience in fashion, design and lifestyle space to good use. Inspired by iconic home brands like...
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The Pant Project: Making Customised Bottom Wear For Fit, Comfort & Style
The Origin Story Dhruv and Udit Toshniwal are siblings whose family has nearly 50 years of expertise in textiles, sourcing and supply chain. However, Dhruv struggled to find well-fitted pants, which...
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