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India To Integrate UPI With Malaysia’s PayNet: PM Modi
Prime minister Narendra Modi on Tuesday (August 20) said that India plans to integrate unified payments interface (UPI) with Malaysia’s national payments network PayNet. PM Modi made the comments...
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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Can’t Act Against Drivers Under POSH Act As They Are Not Employees: Ola To...
Mobility major Ola’s parent ANI Technologies has reportedly urged the Karnataka High Court (HC) to dismiss a plea that sought action against one of its drivers under the Sexual Harassment of Women at...
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Zomato To Buy Paytm’s Entertainment Ticketing Biz In 2,048 Cr Cash Deal
Troubled fintech giant Paytm has signed a definitive agreement to sell its entertainment ticketing business to foodtech major Zomato in an INR 2,048 Cr all-cash deal. “This deal, valued at INR 2,048 Cr...
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Paytm Proposes Salary Cuts For Board Members, To Cap Remuneration At INR 48 Lakh
Ahead of its annual general meeting (AGM) on September 12, 2024, troubled fintech major Paytm has proposed salary cuts for its board members. In its notice for its 24th AGM, Paytm has sought...
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Paytm-Zomato Ticketing Deal: Decoding Deepinder Goyal’s Plan To Make...
After months of suspense, foodtech major Zomato finally announced the acquisition of the movie and events ticketing business of Paytm for INR 2,048 Cr in an all-cash deal on August 21. The complex...
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India’s Unicorn Club: Here’s The Comprehensive List Of 100+ Unicorns In India
In 2013, venture capitalist Aileen Lee floated the term ‘unicorn’ for private companies or startups to indicate the rarity of startups with a valuation of over $1 Bn. A decade later, unicorns in India...
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ONDC To Launch Insurance, Mutual Fund Products In Two Months
The Open Network for Digital Commerce (ONDC) plans to launch insurance and mutual fund products in the coming two months. As per Economic Times, the network also plans to unveil credit card offerings...
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MeitY Reconsidering Monitoring System For IT Hardware Imports
As the September 30 deadline nears for the expiration of the import authorisation regime for IT hardware products, the Centre is holding extensive talks with stakeholders to chart a path forward. A...
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WazirX To Reopen INR Balance Withdrawals Starting Aug 26, Caps Withdrawals At...
Revoking the suspension on withdrawals a month after the infamous $230 Mn crypto heist, WazirX on Friday (August 23) said that it will open up INR balance withdrawals starting August 26 in a staggered...
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RBI Cracks Down On NBFC-P2P Lending Platforms, Slaps INR 4 Cr Penalties On...
The Reserve Bank of India (RBI) has imposed penalties totalling around INR 4 Cr on peer-to-peer (P2P) lending platforms LenDen Club and LiquiLoans. While LiquiLoans has been fined INR 1.92 Cr, a...
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Rapid Growth Of Quick Commerce Platforms Creating Uneven Playing Field:...
Amid the ongoing debate over “predatory pricing policies” of ecommerce platforms, retailer association All India Consumer Products Distributors Federation (AICPDF) has written to union commerce...
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Navi Finserv Ropes In Former RBI Executive Anil Kumar Misra To Board
Flipkart cofounder Sachin Bansal-helmed fintech startup Navi Finserv has appointed former Reserve Bank of India (RBI) official Anil Kumar Misra as the non-executive chairman of the company’s board. In...
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CBDC Serves No Special Purpose As UPI Use Already Prevalent: Ex-RBI Dy Guv
Former Reserve Bank of India (RBI) deputy governor SS Mundra is reportedly not bullish about the success of the homegrown central bank digital currency (CBDC) E-Rupee. Speaking at an event in Kolkata,...
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FirstCry Gets I-T Dept Notice Over INR 80 Cr ESOP Expenses
Kids-focussed omnichannel retailer FirstCry’s parent Brainbees Solutions has received show-cause notices from the Income Tax (I-T) Department over its employee stock option plan (ESOP) expenses. In a...
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CaratLane FY24: Profit Declines 5% To INR 79 Cr, Revenue Crosses INR 3,000 Cr...
Tata-owned omnichannel jewellery startup CaratLane’s operating revenue crossed the INR 3,000 Cr mark in the fiscal year 2023-24 (FY24). Its revenue from operations rose 41% to INR 3,080 Cr during the...
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COAI Cites National Security Concerns To Bring OTT Apps Like WhatsApp Under...
Industry body Cellular Operators Association of India (COAI) has urged the Centre to bring OTT communication apps under the Telecommunications Act, 2023, citing national security. “COAI would like to...
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Amazon Rolls Out AI Shopping Assistant Rufus In Beta Mode In India
Ecommerce major Amazon has launched its artificial intelligence (AI)-powered shopping assistant in beta mode in India. Called Rufus, the new AI assistant will answer user queries related to shopping,...
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Everything You Need To Know About Apple’s Indian-Origin CFO Designate Kevan...
In the latest addition to the list of Indian-origin top executives at US big tech firms, Kevan Parekh will become the new chief financial officer (CFO) of Apple. Parekh, Apple’s current vice president...
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ArisInfra DRHP: Decoding The Shareholding Pattern & People At The Top
Construction material procurement platform ArisInfra Solutions is among the Indian startups which have lined up to launch their initial public offerings (IPOs) this year. The startup recently filed its...
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