Page 51 - Ajinkya Kawale

UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh

The hospital and education industry have cheered the regulator's move on hiking the transaction limit on UPI

RBI plans cloud for financial data, repository for fintech information

It will be rolled out in the medium term and eventually be transferred to a separate entity owned by the financial sector participants, the regulator said

Govt enacting checks to monitor airfares, says Jyotiraditya Scindia

The Civil Aviation Ministry has a tariff monitoring unit (TMU) that monitors airfares between 30 days to one day ahead of a scheduled flight

Paytm to trim small-ticket postpaid loans after RBI tightens norms

It disbursed personal loans amounting to Rs 3,927 crore and merchant loans worth Rs 3,275 crore in Q2FY24

Razorpay's POS business clocks 60% growth after Ezetap acquisition

Ezetap was Razorpay's sixth acquisition

Small ticket personal loans remain a concern for industry: Incred Finance

Incred Finance noted that its personal loans portfolio was in the regular personal loan segment, with an average ticket size being over Rs 2,00,000

Credgenics launches debt recovery platform for asset reconstruction firms

Service will help debt recovery by providing information about each stage of delinquent cases

Chennai airport resumes flight ops a day after Cyclone Michaung disruption

AAI said nearly 1,500 passengers were stranded at the terminals when operations resumed. There were 21 aircraft on the ground

DGV raises $6 million in funding round led by Omidyar Network India

Startup will use money to improve technology and expand business in states

Flights cancelled, airfares jump 52-171% as rainfall batters Chennai

Airfares on the Chennai-Hyderabad route saw the steepest increase of 171.5 per cent as airfares increased from Rs 5,925 to Rs 16,089

Fintech firm Amazon Pay launches sign language video KYC service

Company says it has trained more than 120 employees for the service and developed interactive modules

'Can no longer sustain': Grounded airline Go First CEO Kaushik Khona quits

Khona was appointed as the CEO of the no-frills airline in 2020 after the incumbent and current Akasa Air CEO, Vinay Dube, stepped down from the position

YouTube says it restricts misleading videos, removes harmful ones

Video sharing platform took down 2.07 mn videos in India, the most for a country, between April and June

PayU's PSP revenue up at $211 mn in H1FY24 on growth in existing merchants

The company added that India was one of its largest markets in the PSP business, contributing a share of around 48 per cent of its revenues

Fairbridge Capital to sell up to 8.5% stake in Thomas Cook India via OFS

The promoter will sell an additional 0.8 million shares, representing a 1.7 per cent stake, in case of oversubscription of the offer

GSPay by Gupshup sees 70% M-o-M growth in UPI123 Pay transactions

The company said the average ticket size of these payments stood above Rs 650, whereas transactions up to Rs 100 constituted 56 per cent of the total payments

BharatPe turns Ebitda positive in Oct, annualised revenue up Rs 1,500 cr

The company is aiming to achieve profitability for a complete fiscal in the upcoming year

Maharashtra's farmers thirst for a trickle of hope amid water crisis

Currently, numerous individuals across villages in the state are squarely dependent on external sources of water, such as tankers, to quench their drinking water needs

DLAI appoints Hemachandra, Prasad as independent directors to board

The appointment of independent directors will ensure stakeholder interests are represented and the association's operations are in compliance with relevant regulations, DLAI said

Fintechs may shift to secure products after RBI order on consumer loans

Central bank's directives not a complete surprise and will prompt sector to diversify business, they say