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Paytm Unveils Two New Upgraded ‘Made In India’ Soundboxes
Fintech juggernaut Paytm on Monday (April 22) launched two new soundboxes to receive UPI and credit card on UPI payments. In a statement, the company said that the new devices are completely made in...
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Paytm Payments Bank Board Is Independent: CEO Vijay Shekhar Sharma
Fintech juggernaut Paytm’s founder and CEO Vijay Shekhar Sharma has said that Paytm Payments Bank’s board is independent and is capable of addressing regulatory concerns. Speaking at a webinar while...
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MeitY Startup Hub Investor Connect Programme Brings Together 10 Startups, 25+...
The MeitY Startup Hub (MSH) ‘Investor Connect Programme’, held at Amity Innovation Incubator in Delhi NCR on April 10, 2024 as part of a nationwide series, brought together 10 startups, over 20...
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PayU Gets RBI’s In-Principle Authorisation To Operate As A Payment Aggregator
Prosus-backed digital payments giant PayU said that it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA). In a statement, PayU said...
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Protect Operations Of Bike Taxis In Bengaluru: Karnataka HC To State Govt
The Karnataka High Court (HC) has directed the state government to protect the operations of bike taxi services in Bengaluru. As per a court order dated March 28 and seen by The Economic Times,...
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Development Of AI Has Raised Questions About Responsibility: Industry Leaders
Though the development of AI has created new opportunities to improve the lives of people across the world, it has also raised questions about building responsible AI-driven platforms and systems....
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Zomato Piloting Priority Deliveries In Bengaluru, Mumbai At Extra Cost
Continuing its spree of experiments, foodtech major Zomato is now piloting a new feature in parts of Bengaluru and Mumbai that offers priority deliveries to users at an extra charge. A user in...
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Groww Gets SEBI Nod To Launch Nifty Non-Cyclical Consumer Index Fund
Fintech unicorn Groww has received Securities and Exchange Board of India’s (SEBI) nod to launch India’s first Nifty non-cyclical consumer index fund. Launched by the platform’s asset management...
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Norwest Closes 17th Fund At $3 Bn, India Continues To Be A Focus Market
Venture capital (VC) fund Norwest Venture Partners on Thursday (April 25) announced the close of its 17th fund at $3 Bn. Called NVP 17, the multi-stage fund will invest in startups across sectors such...
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MatchLog Bags Funding To Scale Up Its Cargo Container Platform
Cargo container reuse platform MatchLog Solutions has raised $1.5 Mn in its pre-Series A funding round co-led by Motion Ventures and July Ventures. The round also saw participation from Venture...
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FirstCry To Withdraw DRHP, Refile IPO Papers With Q3 FY24 Numbers
Kids-focussed omnichannel retailer FirstCry reportedly plans to withdraw its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) and file new IPO papers...
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RBI Directs TalkCharge To Stop Issuing Wallets; Refund Balances
The Reserve Bank of India (RBI) has once again directed payments platform TalkCharge Technologies to cease operation and issuance of its prepaid payment instruments (PPIs) and refund the remaining...
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CarTrade Expands ESOP Pool With Additional 3.04 Lakh Stock Options
Auto marketplace CarTrade’s board has approved the allotment of 3.04 Lakh shares under its various employee stock option plan (ESOP) schemes. “… The Board of Directors of the Company… has approved the...
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Decoding SaaS: 25 Essential Terms Every Founder Must Know
With its vibrant startup ecosystem and burgeoning talent pool, India has emerged as a key player in the global SaaS landscape. Government initiatives, development of vertical-specific solutions, and...
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Yes Bank’s Monthly UPI Transactions Surge To 50 Lakh Post Paytm Partnership
Yes Bank’s monthly Unified Payments Interface (UPI) transactions have surged by more than half since the bank struck the deal with fintech major Paytm last month for migrating user accounts. Speaking...
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MeitY Secy Directs Hardware Manufacturers To Prioritise National Security...
Ministry of Electronics and Information Technology (MeitY) secretary S Krishnan has directed electronic component manufacturers to prioritise India’s security interests. Speaking at an event, Krishnan...
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Investcorp To Acquire Digital Services Arm Of NSE For INR 1,000 Cr
Bahrain-based alternative investment firm Investcorp on Monday (April 29) said it has signed an agreement to acquire the digital technology services business of the National Stock Exchange (NSE),...
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PharmEasy Rights Issue: Epharmacy Raises INR 1,804 Cr At A 90% Valuation Cut
Barely a month after the Competition Commission of India (CCI) greenlit PharmEasy’s INR 3,500 Cr rights issue, the digital pharmacy has raised INR 1,804 Cr ($216.2 Mn) in a down round led by the family...
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Jio Financial Services Gets MCA Nod To Appoint Hitesh Sethia As MD & CEO
Reliance’s Jio Financial Services (JFS) has received approval from the Ministry of Corporate Affairs (MCA) for the appointment of Hitesh Kumar Sethia as its new managing director and CEO. Sethia has...
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Zomato Receives Final Approval From Indonesian Govt To Liquidate Subsidiary
Foodtech major Zomato on Tuesday (April 20) said it has received the go ahead from the Indonesian government to liquidate its subsidiary in the Southeast Asian country. In a regulatory filing, the...
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