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Dutch technology investor Prosus is still optimistic about the Indian market despite its unsuccessful bet on Byju's, which was once the most valuable company in the country. Fabricio Bloisi, CEO of Prosus and Naspers, stated that the company will keep investing in India and is enthusiastic about the
On 21 October 2024, PB Fintech announced that its wholly-owned subsidiary, PB Financial Account Aggregators Private Ltd, had received a "Certificate of Registration" (CoR) from the Reserve Bank of India (RBI) to begin operating as an "Account Aggregator." Subject to the RBI-mandated restrictions outlined in the
According to Ola Electric, out of the 10,644 customer complaints it has received thus far, 99.91% have been handled and resolved successfully. In a regulatory filing on September 21, 2024, the manufacturer of electric two-wheelers notified the Central Consumer Protection Authority (CCPA) of the latest developments on long-pending
On October 21, 2024, PhonePe announced a partnership with Bajaj Allianz General Insurance to provide reasonably priced insurance protection against firecracker-related mishaps during Diwali for a certain time. For a payment of INR 9, which includes goods and services tax (GST), the insurance coverage includes a sum insured of INR
One of India's top fintech companies, BharatPe Group, has teamed up with the Nasscom Foundation to support female entrepreneurs in Maharashtra regions. 1,500 rural women from six districts—Ahmednagar, Beed, Buldhana, Latur, Sindhudurg, and Kolhapur—have been given the means to formalise and expand their enterprises as
Co-founder and CEO of Zomato, a meal delivery service, Deepinder Goyal, has launched a new business called "Continue" to enter the health and mental fitness sector. However, the company has already cleared that Zomato will work as a separate business entity. The new company's registration name
According to various media reports, BlackRock Inc., the largest asset manager in the world, is in talks to establish a private credit venture with billionaire Mukesh Ambani's Jio Financial Services Ltd., with the goal of taking advantage of the growing direct lending opportunities in India. This 50-50 joint
Elon Musk applauded the Indian government's choice to utilise an administrative process instead of an auction to distribute satellite broadband spectrum. Starlink, Musk's satellite internet startup, is expected to benefit from this action as it eliminates the need for competitive bidding to obtain spectrum in the
Aditya Birla Digital Fashion Ventures Ltd., often known as ABDFVL, contributed an additional INR 75 crore to Wrogn, the apparel and footwear company supported by cricket player Virat Kohli. As per an exchange filing on 16 September 2024, ABDFVL's stake in Wrogn will rise from 17.1% to
After a significant fire occurred at one of Tata Electronics' manufacturing facilities last month, the Tamil Nadu government served the company with a show-cause notice. According to a report by a well-known media outlet, the notification was delivered by the Directorate of Industrial Health and Safety, asking for an
Over-the-top (OTT) communication services like WhatsApp, Telegram, and Signal are subject to structured control, according to India's telecom regulator. Law enforcement organisations and telecom providers expressed worries about security and spam control, which prompted this call. Speaking on the second day of the India Mobile Congress 2024, Anil
According to reports, Aakash Digital Classroom Program (AD-CRP), a digital classroom initiative, has been discontinued by Aakash Educational Services Limited (AESL). This occurs in the middle of the company's recent layoffs. The AD-CRP team, which was formerly a part of Byju's—which acquired Aakash in April