Page 29 - Ajinkya Kawale

Finova Capital raises $135 million to expand loan book, invest in tech

The firm has a presence across 16 states with over 400 branches. Its current assets under management are pegged at Rs 3,000 crore

Cashfree Payments gains regulatory approval to operate as a PPI provider

Cashfree Payments joins a growing list of PPI providers. At present, the banking regulator has issued these licences to 46 entities

IndiGo shares nosedive 8% after weak September quarter performance

Near-term outlook remains challenging as supply outpaces demand

Fintech major BharatPe rolls out investment platform 'Invest BharatPe'

The Delhi-based fintech launched digital gold in partnership with Safegold, enabling customers to purchase and sell gold digitally

Slice, North East Small Finance Bank merge one year after RBI approval

The merger process was completed over one year after the bank received a no-objection certificate from the Reserve Bank of India

MobiKwik cut IPO size due to higher FY24 revenue: Co-founder Upasana Taku

A priority for the company is scaling its payments beyond current levels by acquiring new customers, launching new products, and focusing on offline merchant acquisition

WazirX reports 40% assets dip in reserves after July security breach

The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July

AI compute capabilities to be available by June 2025: MeitY additional secy

The empanelled agencies include sites and firms such as data centres, startups, and cloud service providers

Paytm gets NPCI nod to onboard new UPI users months after RBI restrictions

The approval may lead to an increase in company's UPI transaction volumes

IndiaP2P launches new product to align with RBI's revised guidelines

P2P platforms enable lenders to earn interest income, though with the risk of delay or default by borrowers

Confident Paytm will solve 'concentration risk' in UPI ecosystem: CEO

One97 Communications announces consolidated profit of Rs 928.3 crore in Q2

WazirX moved over $73 million crypto after data breach: CoinSwitch

WazirX, which is staring at liabilities worth $546.5 million, transferred $72.13 million worth of crypto to Bybit and $1.5 million funds to Kucoin, Ashish Singhal, co-founder and CEO, CoinSwitch, said

PhonePe brings down losses to Rs 1,996 crore in FY24, revenues up 85%

About 10 per cent of company's revenue comes from government subsidies on digital payments

A day after RBI curbs on NBFCS: Fintechs may face temporary disruption

The ban on sanction and disbursement for its partner DMI Finance would be effective from October 21, as per the RBI directive

Temasek's Fullerton picks up controlling stake in Lendingkart for Rs 252 cr

The fintech company plans to deepen its reach in underserved markets and improve its technology with the latest capital infusion

Wipro Q2FY25 results: Net profit rises 21% to Rs 3,201 cr, revenue down 1%

Revenue for the March quarter was marginally down by 1 per cent from the year-ago period to Rs 22,300 crore

9,000 WazirX users wrongly receive moratorium support confirmation

WazirX, which is facing liabilities amounting to $546.5 million, had floated a user poll to measure potential interest in its moratorium application

Agencies actively pursuing bomb threat cases: Aviation Minister Naidu

Civil Aviation Minister K Rammohan Naidu also said the Mumbai police have arrested a minor responsible for issuing bomb threats targeting three flights

BharatPe's Ebitda loss declines to Rs 209 cr, revenue up 39% in FY24

The company said that its cash burn was reduced by 85 per cent on a Y-o-Y basis

GenZ spending likely to increase to $2 trillion by 2035, shows data

In 2024, the total consumption spending for Indians was pegged at $2 trillion, out of which GenZ cornered 43 per cent or about $860 billion