The Reserve Bank of India (RBI) has granted Cashfree Payments, a prominent player in the payments and API banking industry in India, a Prepaid Payment Instrument (PPI) licence. The RBI has granted Cashfree Payments the Payment Aggregator (PA), Payment Aggregator-Cross Border (PA-CB), and Prepaid Payment Instrument (PPI) licenses, making it
The All India Consumer Products Distributors Federation (AICPDF) reports that over 2 lakh local "kirana" (general) stores have closed in the last 12 months as customers increasingly use fast delivery services like Blinkit and Zepto. According to various reports, the AICPDF blames these closures on the fast commerce
Navi Finserv, owned by Sachin Bansal, announced on 29 October 2024 that the Reserve Bank has permitted the company to make scheduled home loan disbursals that were approved before October 20. Navi Finserv had previously been prohibited from offering new loans. Due to significant supervisory concerns, including unlawful pricing, the
Mumbai, 30 October 2024, Wednesday: The 43rd global edition of the World AI Show in Mumbai came to a resounding conclusion, bringing together top-notch tech leaders, government officials, and policymakers to examine the next steps in the adoption of Generative AI and how it lays the groundwork to empower AI.
To boost the expansion of early- and growth-stage companies throughout the state, the Karnataka government unveiled two programmes: ELEVATE 2024 and the Karnataka Accelerator Network (KAN). The initiatives, which were presented by Minister Priyank Kharge on October 28, 2024, demonstrate Karnataka's dedication to developing a systematic startup support
After the company's worldwide ad sales team was fired by the new management led by Elon Musk, Twitter Communications India, now a part of X Corp. (previously Twitter), had a steep decline in net profit and revenue in the most recent fiscal year. This decline was mostly caused
According to Governor Shaktikanta Das, the Reserve Bank of India (RBI) anticipates that the number of daily Unified Payments Interface (UPI) transactions will surpass one billion in the coming months from the current 500 million transactions per day. Das stated during a panel discussion at the Group of Thirty'
Fintech company BharatPe, which specialises in payments and lending, announced the debut of its new investment platform, Invest BharatPe, on 28 October 2024. The first product available on the app is digital gold. In collaboration with Safegold, the Delhi-based fintech introduced digital gold, allowing users to buy and sell gold
According to an update with the markets regulator on October 28, 2024, Sebi has given the go-ahead for NTPC Green Energy, the company's renewable energy division, and Avanse Financial Services Ltd, an NBFC with an emphasis on education, to raise money through initial public offerings (IPOs). Through first
The Ministry of Home Affairs (MHA)'s Indian Cybercrime Coordination Centre (I4C) has taken a strong stance against cybercrime by warning about illicit payment gateways set up by transnational organised cybercriminals. Money laundering as a service is allegedly being facilitated by these gateways, which were made utilising mule bank
As part of its Manufacturing Incubation Initiative, the Department for Promotion of Industry and Internal Trade (DPIIT) recently announced a collaboration with HCLSoftware, a leading global provider of software solutions. By encouraging cooperation between governmental and corporate institutions, especially in the field of manufacturing innovative products, this effort seeks to
Zomato, a well-known online meal ordering service in India, has added a new feature that will allow users to plan and pre-order their meals. The newly introduced feature is a replica of Swiggy's food scheduling model. Zomato claims that the new feature, called "Order Scheduling," allows