Page 55 - Ajinkya Kawale

IIFL Fintech Funds marks first exit after selling stake in TrustCheckr

IIFL Fintech Fund was established in August 2021, with a corpus of Rs 210 crore and sponsorship from two group companies - IIFL Finance and IIFL Securities

Air Asia transfers first A320 plane to Air India Express, says Wilson

AirAsia India and Air India Express currently have 28 and 26 planes in their respective fleets

Funding to Indian fintechs up 68% to $436 million in Q3CY23: Tracxn

The report said funding in fintechs has grown on the back of an increase in the funding in late-stage rounds.

Fintech firm CRED's losses widen 5% to Rs 1,357 cr in FY23; income up 251%

The fintech unicorn has seen a rise in its expenses. CRED's total expenses grew by 66 per cent to Rs 2,831.9 crore in FY23 from Rs 1,702.1 crore in FY22

Banking fintech MobiKwik posts second quarter of PAT at Rs 5 crore

The Gurugram-based fintech has a registered base of 140 million users and over four million merchants

Corporate affairs ministry exempts aviation from IBC's moratorium clause

Section 14 of the IBC declares a moratorium on proceedings, transfer or disposal of any of the assets of the company from the date of commencement of its insolvency

A 'Slice' of lifeline: Fintech firm to infuse capital in North East SFB

To merge Fintech for capital infusion in the bank, lower promoter stake

Fintech unicorn Slice announces merger with North East Small Finance Bank

Deal will give customers access to a broad range of products and omnichannel offerings, say companies

Uganda Airlines launches non-stop Mumbai service, first in over 5 decades

The airline said India and Uganda are getting connected with a direct flight for the first time in over five decades

PayU India CEO Anirban Mukherjee elevated to global CEO position

PayU's GPO business contributes around 30 per cent of its overall revenues

UPI-based ATMs will not replace conventional ATMs; both will co-exist

An ATM solely dedicated to UPI-based cash withdrawals simplifies the machine's hardware components

JKC infuses Rs 100 crore for revival of Jet, eyes resuming ops in 2024

Completes commitment to invest Rs 350 crore

Amazon Pay eyes expansion with more bank, card network partnerships

Launched in October 2018, Amazon Pay's co-branded credit card is in association with ICICI Bank and utilises Visa as the card network

Fintech firm CRED launches vehicle management platform 'CRED Garage'

The feature will be available within the CRED app

Bombay HC allows Akasa Air to proceed with suit against former pilots

Rejecting the pilots' plea, the court stated that the cause of action, including the act of resignation, fell within its jurisdiction

Avg ticket size on UPI dips 10%, rises 22.6% on cards in H12023: Report

The ATS of P2M transactions dipped 21 per cent from Rs 839 in H1 2022 to Rs 659 in H1 2023

Bombay HC reserves order on plea maintainability in Akasa-pilot matter

The order, which will now be pronounced on 27 September, will decide if the troubled airline can proceed with the case before the Bombay High Court

Not against DGCA or MoCA, want clarity on pilots' notice period: Akasa Air

The airline has faced heat following the abrupt exit of its 43 pilots who did not serve their mandatory notice periods

Mumbai airport to shut runways on October 17 for maintenance work

The airport's runways were shut for six hours as a part of its annual monsoon contingency plan on May 2 this year

India-Canada standoff: Anxiety builds among students, travel companies

Several education consultancy agencies said they are getting panic calls from students and parents, who have already registered themselves