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The Insurance Regulatory and Development Authority of India (IRDAI) was criticised by Aniruddha Sen, co-founder of the health insurtech startup Kenko Health, which closed its doors in August of this year due to financial difficulties, for allegedly engaging in obstructive practices. Sen attributes the company's demise primarily to
The hyperlocal e-commerce site Magicpin has lowered its platform fee to INR 5 per delivery in an effort to lower customer costs. This puts it at half the price that Zomato and Swiggy, two of its main rivals, charge. The decision was made at a time when many delivery service
In an effort to reward and retain its staff, Delhivery Limited, a well-known logistics company, announced the extension of its employee stock option plan (ESOP) pool, awarding 6,49,547 equity shares. According to a formal exchange filing, this allocation was approved by the Stakeholders' Relationship Committee on July
According to a senior corporate official on 2 November 2024, the Diwali season sale during the Amazon Great Indian Festival (AGIF) 2024, which started on September 27, was driven by demand for high-end products across a variety of categories, including televisions, smartphones, and major appliances. During the Amazon Great Indian
Between September and October of 2024, the volume and value of transactions using the Unified Payments Interface (UPI) increased fairly. According to figures released by the National Payments Corporation of India (NPCI), the digital payment network logged 16.58 billion transactions in October, a 10% rise from 15.04 billion
With a 26% increase in operating income and a revenue of over INR 5,500 crore in FY24, Google India has maintained its growth trajectory in the most recent fiscal year. However, in the fiscal year that ended in March 2024, Google India's earnings after tax climbed by
E-two-wheeler retail sales reached their second-best monthly performance, only missing March's 140,333 units, thanks to festive season demand and alluring OEM discounts. While Ola has recovered to levels above 41,000, TVS and Bajaj are still engaged in a fierce war. This segment all set to reach
Cred, a fintech unicorn that formerly focused on lending and payments, has now expanded into the distribution of insurance goods, starting with auto insurance. According to Akshay Aedula, head of product and growth at Cred, the company is using its vehicle management platform, Cred Garage, to market insurance products to
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This article has been contributed by Prasanna Kumar C, CEO, Vilcart. Rural retail is observing a transformation due to technological advancements and because of this, there is a change in consumer behavior and growth in economics. Urban retail was at the forefront, but now even rural areas are going with
From September 1 to October 28, the e-commerce company Flipkart saw 7.2 billion visits overall in terms of customer engagement during this festive season. The company saw a record 282 million unique visitors during that time, largely due to premiums and individualised preferences, particularly in Metros and Tier-2+ cities,
As per the recent media reports, the Reserve Bank of India (RBI) is developing an AI-enabled system that will alert people in real time about financial scams. An AI-based warning system would identify suspicious transactions as they are going to be made, and individual banks will access a central bank
The massive South Korean gaming company Krafton hopes to increase its presence in India by assisting domestic investors in taking advantage of the country's developing startup scene. The first of these investors is IMM Investment, a multi-asset investment company established in South Korea that manages assets under management