Page 53 - Ajinkya Kawale

IndiGo to ground over 30 aircraft due to Pratt & Whitney engine issue

PW engines across the world are facing issues due to the impact of a powder metal defect, which could lead to component cracking

Insurtech startup Bimaplan raises $3.5 mn in pre-series A funding round

Company will use the money to improve technology platform, expand distribution

Razorpay makes Rahul Kothari chief operating officer for India, Malaysia

Fintech company that is backed by global investors is working to expand internationally

Majority of CISOs in financial services sector experience gaps: Report

The report said that 76 per cent of CISOs polled witnessed the aforementioned challenge

European planemaker Airbus looks to support 50% more jobs by 2025

Airbus procures components and services worth $750 million every year from India

Crypto wallet app Okto announces $5 mn treasury fund for Vauld users

Okto said it has introduced a 2 per cent bonus for users who choose to transfer their assets from Vauld to Okto

Costa Serena aims to handle 45,000 passengers from November to January

The 300-metre vessel, which has a capacity of 3,780 passengers, is looking to sail with middle-class, young Indian families at a starting price point of Rs 10,000 to Rs 12,000 per person, per night

Sarbananda Sonowal flags off Costa Serena's maiden domestic operations

The government plans to increase the annual number of cruise passengers in India to 1.8 million passengers by 2030

Students get placement jitters as IT majors slow down campus hiring

Most of the big-ticket IT players are loath to recruit from Tier-2 and Tier-3 institutes

Infibeam Avenues posts Rs 40.9 crore profit in Q2, income rises 6.3%

The company said it aspires to emerge as a key player in the artificial intelligence (AI)-based fraud detection and prevention market

Crypto-exchange CoinDCX releases its Proof of Reserve report Q3CY23

"According to the audited Statement of Reserves and User Liability report, the reserves total USDT 159,112,287, while the user liability stands at USDT 157,191,487," the company said

India has significant amount of dry capital for startup ecosystem: VCs

Fintechs have been among the five best-performing sectors in terms of funding since 2018, with an exception in 2020 when it came sixth

BS BFSI Summit: Crypto a threat to financial stability, says RBI guv Das

At BS BFSI Summit, Das expressed his concerns about regulating the use of cryptocurrencies and questioned the major tenets surrounding crypto terminology

BS BFSI Summit: MDR necessary to drive growth in digital payments

Education and awareness among the masses will absorb more users in the fold of digital payments

CCAvenue.ae launches mobile-based QR Code payment solution in the UAE

This is the company's first foray into the offline payment space in the UAE market

KredX aims to discount invoices worth over Rs 500 crore in Muhurat Trading

The event offers an opportunity for investors to get access to returns and rewards, while businesses can secure working capital by selling their unpaid invoices

Air India appoints Klaus Goersch as executive vice-president and COO

Goersch, in this newly created role, will oversee flight operations, engineering, ground operations, integrated operations control (IOCC) and cabin crew functions

Growth in personal loans offering likely to remain muted for Paytm

Sources said the personal loans book may grow in the range of 30 to 40 per cent Y-o-Y on its current base

Five accidents in six months: DGCA grounds flight training at Redbird

This is not the first time the DGCA has cracked down on flight training academies in the country

Paytm's Vijay Shekhar Sharma launches AIF with target corpus of Rs 30 crore

The fund, which has been approved by the Securities and Exchange Board of India (SEBI), would see Sharma along with other external investors as contributors to the fund