Ajinkya Kawale

Ajinkya Kawale

Ajinkya Kawale is a correspondent with Business Standard, specialising in the emerging fintech industry in India. He has also covered agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is a keen follower of India's infotainment space on YouTube and other OTT platforms, apart from non-fiction and biographies in their printed versions.

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Ajinkya Kawale

Fino Payments Bank chief Rishi Gupta steps down, seeks early retirement

Fino Payments Bank MD and CEO Rishi Gupta resigned after seeking voluntary early retirement amid a GST investigation linked to the gaming sector

Updated On: 21 May 2026 | 10:30 PM IST

Scapia raises $63 million in Series C round led by General Catalyst

Bengaluru-based travel fintech startup Scapia will use the fresh capital to scale travel offerings, expand AI capabilities and grow its customer base

Updated On: 21 May 2026 | 3:27 PM IST

Salesforce India employee base crosses 17,000 amid AI expansion push

Salesforce has expanded its India workforce to more than 17,000 employees while scaling AI offerings and strengthening its enterprise customer base

Updated On: 19 May 2026 | 8:22 PM IST

Stablecoins fail core tests of money; CBDC not risky: Reserve Bank of India

The Reserve Bank of India said stablecoins fail key tests of money and warned that such virtual digital assets pose financial stability and jurisdictional risks

Updated On: 19 May 2026 | 12:58 AM IST

Salesforce burns 12 trillion AI tokens, says won't displace humans

Not every process needs to be agentified, says Vala Afshar

Updated On: 18 May 2026 | 10:25 PM IST

In a first, digital precious metals' SRO to seek formal nod from a ministry

The industry body is framing a code of conduct, audit norms. and customer protection standards while seeking formal recognition from ministries, said Chairperson Nirupama Soundararajan

Updated On: 15 May 2026 | 10:58 PM IST

Tencent commits over ₹10 crore towards gaming and AVGC programs in India

Tencent has committed over Rs 10 crore towards skilling, mentorship and ecosystem development initiatives for India's gaming and AVGC sectors

Updated On: 15 May 2026 | 8:37 PM IST

Banks back RBI's proposed 1-hour lag for digital payments above ₹10K

But they seek increase in threshold to ₹25,000; payment industry flags operational issues

Updated On: 14 May 2026 | 10:56 PM IST

Nazara posts 3x jump in profit to ₹47 crore, even as revenue dips 23.5%

Nazara's revenue from operations, however, declined 23.53 per cent to Rs 397.78 crore in Q4FY26 from Rs 520.2 crore in Q4FY25

Updated On: 13 May 2026 | 1:11 PM IST

Mobikwik reports ₹4.4 cr net profit, revenue from ops up 7.8% in Q4

MobiKwik returned to profitability in the fourth quarter of FY26 as lower expenses and reduced payment processing costs supported margins amid stable revenue growth

Updated On: 12 May 2026 | 3:01 PM IST

Fintech firms form SRO to boost trust in digital precious metals market

Digital gold and silver platforms have formed a self-regulatory body to improve governance, transparency and consumer protection amid regulatory uncertainty

Updated On: 11 May 2026 | 6:49 PM IST

Not applying for NBFC licence, focus on distribution, says Paytm CFO

Company will instead focus on existing model of credit distribution, in partnership with other lenders

Updated On: 07 May 2026 | 11:18 PM IST

Paytm posts net profit of Rs 184 crore in Q4, revenue rises 18.4%

One97 Communications reported a consolidated net profit of Rs 184 crore in Q4 FY26, supported by higher revenue and controlled indirect expenses

Updated On: 06 May 2026 | 11:13 PM IST

NPCI explores agentic AI layer for faster UPI compliance cycles

Currently, banks require four to eight weeks for certification with UPI's operating circulars (OCs) that NPCI releases from time to time

Updated On: 05 May 2026 | 11:44 PM IST

Multiple states roll out independent AI policies to drive investment, jobs

Maharashtra joins five states with AI policy as others roll out funds, skilling plans and frameworks to drive investment, innovation and public service delivery

Updated On: 01 May 2026 | 12:03 AM IST

Fino Payments Bank Q4 results: Profit decline 70% to Rs 7.1 crore

Fino Payments Bank reported a sharp decline in Q4 FY26 profit and revenue, with other income falling amid operational challenges during the quarter

Updated On: 29 Apr 2026 | 8:54 PM IST

Sahamati raises ₹50 crore from over 30 firms to boost digital finance infra

The association said that the investment round represents an industry commitment to building a regulated digital public infrastructure layer for consent-based financial data sharing

Updated On: 28 Apr 2026 | 2:22 PM IST

Metasports Interactive raises $20 million to fund user acquisition

Gaming firm Metasports Interactive secures $20 million from Metica to scale user acquisition and drive global expansion of its cricket game Hitwicket

Updated On: 28 Apr 2026 | 12:06 AM IST

MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

Updated On: 27 Apr 2026 | 11:49 PM IST

Paytm's wallet sees a shake-up as RBI cancels payments bank licence

Company claims no material impact despite cancellation of payments bank's licence

Updated On: 26 Apr 2026 | 8:38 PM IST