Page 58 - Ajinkya Kawale

Global Fintech Festival 2023 aims to aid startups bag $10 mn in funding

This funding target is for startups alone and excludes growth-stage companies which will initiate conversations with investors at the three-day GFF starting from September 5

Insurtech company RenewBuy closes $40 million series D funding round

RenewBuy said it now has the opportunity to expand its tech platform into 11 countries

Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today

Offer floor price of Rs 2,400 per share is 6% discount to last closing price

Flying back into black, SpiceJet reports highest profit in 4 years

The jump in net profit can be attributed to a 17 per cent decline in the company's total expenses from Rs 2,504.7 crore in Q4FY23 to Rs 2,069 crore in the first quarter of the current financial year

ideaForge gets Rs 88 cr surveillance quadcopters order for Indian forces

The drone manufacturer launched its initial public offering (IPO) in June this year at a 94 per cent premium to the issue price of Rs 638 to Rs 672

More breaks, younger travellers, rising credit are emerging trends: Iyer

I think people are looking for more breaks. The second trend that we see is that the traveling population is getting younger

Monetary policy review: Soon, pay up to Rs 500 at a go via UPI Lite

UPI-Lite was launched in September 2022 to reduce transaction failures and optimise processing resources for banks

P&W engines' issue to have 'minimal' impact on Indigo's fleet: DGCA

IndiGo is the largest customer of the A320 planes and the aircraft are powered by P&W engines

Cashfree Payments sees 57% growth in processing user identity verification

The company further added that it processes over 1 million verification requests daily, reducing operational time by 85 per cent and costs by 75 per cent

IiAS raises question on Vijay Shekhar Sharma's promoter status in Paytm

IiAS has asserted that the deal not only demonstrates investors' faith in Sharma but also highlights regulatory gaps in the definition and distinction between a founder and a promoter

Simpl launches AI-enabled Checkout Suite to eliminate CoD by 2028

The company said six out of ten orders placed online results in losses for its merchants

Fintech platform MobiKwik reports first ever consolidated PAT at Rs 3 crore

To double its revenue in fiscal 2024 to Rs 1,100cr

Indian fintech sector: A resilient green shoot of the start-up ecosystem

India maintained its position as the third-highest funded fintech industry globally, following the US and UK, similar to last year

Airtel Payments Bank launches r-PVC-based eco-friendly debit card

Producing these eco-friendly debit cards will also diminish petroleum consumption during manufacturing, cutting hydrocarbon usage by 43 per cent

PwC resigns as Paytm Payments Services' auditor, SR Batliboi appointed

Paytm added that the statutory auditors have not raised any concerns or issues and that the company has noted PwC's resignation

Paytm founder set to acquire 10.3 per cent stake in the company from Antfin

The no-cash deal will make Sharma the largest shareholder in the company

Dharavi redevelopment: Residents welcome move, but have no clue about plan

Many are also concerned about their livelihood after relocation

Cashfree Payments rebrands Zecpe, a one-click checkout platform, as Ecom360

Ecom360 aims to address core problems of D2C businesses by improving checkout and payment processes

Fintech company CRED launches RuPay credit card-based UPI payments

According to CRED, this initiative will benefit banks and merchants through increased consumption and inclusion in the credit ecosystem

Akasa Air adds 20th aircraft to fleet, qualifies for international ops

Indian regulations mandate that carriers must have at least 20 aircraft in their fleet to be eligible for international flights