As of September 2024, 6.32 lakh cases of UPI payment scams totalling INR 485 crore had been registered nationwide, according to RBI data. In FY24, there were 13.42 lakh UPI fraud instances, involving around INR 1,087 crore, a significant increase from FY23's INR 573 crore.
Reliance Industries Limited (RIL) is an Indian organization headquartered in Mumbai, India. Founded by Dhirubhai Ambani, the present Reliance Industries CEO is his son Mukesh Ambani. Reliance has its entities across domains like vitality, petrochemicals, materials, common assets, retail, and broadcast communications. Reliance is one of the most prominent businesses
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The SMEs or the small and medium-sized enterprises in India comprise over 63.4 mn units, employ about 460 million people, and generate around 30% of the GDP of the country. Here, OfBusiness is
Satya Narayana Nadella has been the Chief Executive Officer (CEO) of Microsoft by succeeding Steve Ballmer in 2014 and under him, the company had witnessed considerable growth. On 16th June 2021, Nadella was further appointed as the Executive Chairman of Microsoft, succeeding John W. Thompson. Nadella is an Indian-American business
Today, one can easily launch their very own online business while sitting comfortably at their home, without investing a lot of money. Online shopping has developed significantly over the previous decade, and eCommerce companies now generate billions of dollars in monthly sales all across the globe. People are depending on
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The coworking industry in India is at its peak and is set to become a mainstream segment. By the end of 2024, there are expected to be around 41,975 coworking spaces worldwide. Coworking
The demand for beauty goods, especially from teens and young people, is driving the cosmetics industry's extraordinary rise. The industry's fast digitalization has accelerated its growth even more. Nykaa has become a major force in this thriving market, providing physical and virtual customers with a wide
The proposed purchase of a share in the foodtech startup Rebel Foods by Singapore's Temasek Holdings was approved by the Competition Commission of India (CCI) on November 26. Rebel Foods, the company behind Faasos, Behrouz Biryani, Oven Story, and other cloud kitchens, is being acquired by Temasek Holdings
The purchase of a portion of Flipkart, a Walmart group company, by Alphabet affiliate Shoreline International Holdings LLC has been authorised by the Competition Commission of India (CCI). A wholly owned subsidiary of Alphabet Inc., the parent company of Google, Shoreline International will purchase shares in Flipkart. According to the
Meesho, an e-commerce unicorn located in Bengaluru, has introduced a state-of-the-art multilingual voice bot driven by generative AI with the goal of transforming customer support. The speech bot is intended to offer scalable, human-like assistance, particularly to customers in tier II towns in India. In order to meet the demands
Ola Electric introduced a new range of affordable e-scooters, with prices starting at less than INR 40,000, in light of the prediction that India's gig economy will double in size and employ over 10 million people in the upcoming years. The market reacted favourably, as Ola Electric&
Despite the frantic efforts of rapid commerce enterprises to introduce and expand their fashion portfolios, fashion companies appear to be retaliating. With its new quick-commerce programme, Myntra promises to deliver goods to customers in as little as 30 minutes. The service, called M-Now, is being tested in a few pin
Price sensitivity seems to be higher among Indian consumers than private telecom corporations had anticipated. Following the announcement of rate increases in July, Reliance Jio, Airtel, and Vodafone have continued to lose customers. With the addition of new subscribers for the second consecutive month, state-owned BSNL, which had not hiked
A month after receiving board permission, foodtech giant Zomato has received shareholder approval to raise INR 8,500 Cr (about $1 billion) through a qualified institutional placement (QIP). The resolution was approved by about 99.79% of the shareholders. This follows the company's announcement last month of a
Murugavel Janakiraman, the CEO of Matrimony.com, launched India's first matchmaking website more than 20 years ago, and now he's entering the job search sector. Manyjobs.com, the newest of Matrimony.com's stables, aims to link recruiters and job seekers seeking entry-level or "
In an attempt to join the rapidly growing industry, which saw gross sales of over $5.5–6 billion this month, headed by Blinkit, Zepto, and Swiggy Instamart, Amazon India is rushing to deploy its quick commerce delivery service, codenamed Tez, by late December or early next year, according to
Apple's request to stop the investigation of a report that claimed the tech giant had broken Indian competition laws was denied by the Competition Commission of India (CCI). According to a media report, this permits the lawsuit, which has been being investigated since 2021, to proceed. The investigation
New Delhi [India], November 25: The refurbished mobile phone sector is expanding and playing a crucial role in promoting sustainability by reducing electronic waste and conserving resources. It provides affordable access to quality smartphones, making technology accessible to a broader audience. Additionally, it supports circular economies by reusing devices, lowering
On November 22, shares of Zinka Logistics Solutions, the parent company of logistics giant BlackBuck, went public on the NSE for INR 280.90, a slight premium of 2.89% over the IPO issue price of INR 273. BlackBuck's shares debuted on the BSE at INR 279.05,
For protection against digital privacy, the Delhi high court has issued a "Dynamic+" John Doe order to ZEE Entertainment Enterprises Ltd. Without requiring repeated court approvals, this order will allow Zee to take action against websites that are unlawfully streaming its content, including films, TV series, and Zee
The electric two-wheeler maker Ola Electric has restructured to reduce its workforce by roughly 500 employees due to concerns about its losses and after-sales service issues. According to the media, the exercise would affect workers at all levels and in all departments. In order to become profitable, the company managed
Owned by One97 Communications Limited (OCL), Paytm, the leader in digital payments in India, has extended its offerings to include international Unified Payments Interface (UPI) transactions. Paytm users may now use the UPI system to make easy cashless payments in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal, facilitating safe
Zomato CEO Deepinder Goyal reacted to social media on 21 November to clarify that charging people INR 20 lakh was never part of the strategy, and he hoped that 'paying the company to get a job' would not become the standard. This came a day after Goyal posted