The Reserve Bank of India (RBI) fined HDFC Bank INR 75 lakh after discovering that the bank had not followed certain of the guidelines outlined in the RBI's Know Your Customer (KYC) master guidance. Notably, the RBI is referring to a KYC master circular that was last modified
On March 26, Bharti Airtel declared that its Internet Protocol Television (IPTV) services would be available in India. With some plans, it offers users access to a vast collection of on-demand content from 29 OTT streaming apps, including Netflix, ZEE5, Apple TV+, Amazon Prime Video, and many more. In addition
On March 26, President Donald Trump announced broad plans to impose a 25% tariff on all imported vehicles and light trucks into the United States, with the declaration that the decision would be permanent. Collection will start on April 3 after the tariffs go into force on April 2. "
Mumbai, India – 27th March 2025: Twiddles, the mindful snacking brand founded by cricket legend Yuvraj Singh in partnership with Alfinity Studios, is making waves in India’s booming premium snacking industry. In just three months since its launch, Twiddles has achieved phenomenal traction, driven by an increasing consumer demand for
* Major exits include Prescinto AI’s acquisition by IBM and Parablu’s sale to CrashPlan, showcasing the attractiveness of IPV-backed startups. * IPV portfolio companies raised 25 follow-on rounds in 2024, attracting top-tier investors and providing 30-40% IRRs through optional exits. * IPV has achieved 47 exits out of a 200+ startup
Anupam Mittal, founder of Shaadi.com and a popular judge on Shark Tank India, recently shared his thoughts on career growth in a LinkedIn post. He believes promotions are no longer based on tenure or loyalty. Simply staying at a company for years does not guarantee success. Instead, employees must
Out of the 1,200 engineers that Infosys onboarded in October and November, 40 to 45 more trainees were let go after the company came under fire for firing about 400 trainees who didn't perform well in its rigorous assessment. An important internal evaluation that Infosys had planned
Users were unable to complete digital transactions on 26 March's night due to a major technical problem that interrupted Unified Payments Interface (UPI) services throughout India. The National Payments Corporation of India (NPCI), which is in charge of managing UPI operations, admitted to the issue and gave users
New Delhi, March 27, 2025: OneStack, a fintech platform for cooperative banks in Bharat, has raised $2 million in Series A funding and will secure an additional $1 million soon as a part of the same round. The round was led by Pentathlon Ventures, with participation from Yatra Angel Network
Mumbai (Maharashtra) [India], March 26: Gaming has always been a passion-driven industry, but for many, the cost of premium games has been an insurmountable barrier. Cryztal Zone, founded in February 2023 by lifelong gamer Suraj, is changing that by offering digital games at affordable prices that every player can play
A consortium led by TPG, a leading worldwide alternative asset management company, has agreed to buy a 90% share in Siemens Gamesa's onshore wind turbine generator manufacturing operations in Sri Lanka and India. Without revealing the purchase value, Siemens Gamesa stated in a statement that it will keep
With immediate access via UPI and ATMs, the Employees' Provident Fund Organisation (EPFO) plans to implement a significant modification to PF withdrawals. By the end of May or the beginning of June 2025, EPFO members will no longer have to endure drawn-out withdrawal processes. The National Payments Corporation of
The Hyderabad-based spend management solutions provider Zaggle Prepaid Ocean Services Limited has paid INR 15.60 crore to buy a 26% interest in Mobileware Technologies. Additionally, for INR 7.25 crore, Zaggle purchased a 12.34% interest from Mobileware's proprietors, which represents a percentage of the company'
Fresh questions about Ola Electric's approach were raised when a confrontation with vendors, delayed deliveries, and a INR 3,000 crore market rout resulted from an attempt to lower registration fees. Customers who were excitedly anticipating their Ola Electric scooters started to notice an unanticipated delay last month.
GreenFortune, a windows and doors brand, announced today the successful close of its $4.5 million funding round led by Foundamental with participation from Titan Capital Winners Fund and existing investors Incubate Fund Asia & Others. The capital, approx. INR 39 crore will be used to fuel national level expansion,
To facilitate order placement, broking company Zerodha has added six new capabilities to Kite, its trading and investment platform. In his announcement of the X upgrade, founder and CEO Nithin Kamath highlighted several important improvements, including order slicing, available margin display, a new basket icon, and more. Newly Added Features
BluSmart Mobility has seen several high-profile exits and is currently going through a significant operational reorganisation to strengthen its financial stability. As per the recent reports in the media, its Vice-President Priya Chakravarthy, Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Chief Executive Officer (CEO) Anirudh Arun
Mumbai, March 25, 2025: Grow Indigo, India's pioneering agri-tech company, has successfully raised $10 million from British International Investment (BII), the UK's development finance institution and impact investor. Established in 2018, the Company is leading the carbon farming revolution with over 2.5 million acres of
New Delhi [India], March 25: Ok, let’s get straight to the point: managing accounts manually is a nightmare. If you’re still buried under spreadsheets, flipping through receipts, and stressing over missing numbers, you’re doing SME’s business the difficult way. It’s like using a typewriter when
The Unified Pension Scheme (UPS) for central government employees will go into effect on April 1, 2025, according to a notification from the Pension Fund Regulatory Authority of India (PFRDA).This implies that central government workers who are now employed and covered by the National Pension Scheme (NPS) as well
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies
India has accused South Korean tech giant Samsung of tax cheating in the purchase of necessary telecom equipment and has imposed a $601 million tax demand on the company. One of the largest orders in recent years, it may have a significant impact on Samsung's net profit in
The Bengaluru-based startup Aukera Jewellery, specialising in lab-grown diamond (LGD) jewellery, is in talks to raise $15 million in a Series B funding round led by Peak XV Partners. This funding will help scale operations for the company due to increasing competition in the $2.6 billion LGD market in
After turning down a takeover offer from its departing CEO, the US genetic testing business 23andMe has declared bankruptcy and is searching for a buyer. Late on 23 March, 23andMe, a company that charges less than $200 for a mail-back saliva test that can identify ancestry or specific genetic features