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India must adopt frugal innovation in AI like DeepSeek: Mohandas Pai

Pai highlighted that Indian companies should focus on developing vertical large language models (LLMs) for domains like financial services, healthcare, and high-tech manufacturing

Townhouse, Sunday brands bring 50% of Oyo's business: Ritesh Agarwal

He added that the reason for adding premium offerings to the company's suite of services was to improve its bottom line and stay relevant in the market

PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months

The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion

Namma Yatri drivers are also early pilots for unified lending interface

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency

Neobanking startup Zolve secures $251 million funding in equity, debt mix

The company has about 750,000 users and was launched in 2021

Paytm amends ESOP policy, expands pool with grant of 109,995 stock options

Other amendments included modifying the vesting schedule for future grants from the previous five-year limit to a range of one to five years from the grant date

Perfios acquires debt recovery platform, second acquisition in a month

The inorganic push comes as the company plans to complete its value chain in financial offerings in the business-to-business (B2B) sector from underwriting to debt recovery

WazirX awaits creditors' approval for redistribution scheme: Founder

Needs approval of at least 50% of creditors by volume, and 75% by value

Razorpay enters Singapore, its 2nd international foray after Malaysia

The expansion into Singapore comes on the back of the company's focus on the South East Asian market

As US takes lead, India may move to regulate cryptocurrency: Experts

The price of Bitcoin rallied to $95,083 per piece on Sunday from $78,225 on Friday following Trump's announcement. It normalised to $83,687 on Tuesday at the time of writing this report

Former Kissht founders launch debt resolution platform, secure $3.5 mn

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates

Paytm gets ED show cause notice for transactions involving over Rs 611 cr

Company says these violations pertain to a period when these firms were not subsidiaries of One97 Communications

Need for sovereign AI systems to avoid digital colonialism: Chandrasekaran

Chandrasekaran explained that the group was focused on priority areas, including artificial intelligence, sustainability and new energy, and geopolitical and supply chain resilience

16% of card spends happen on RuPay, half of it on credit via UPI: NPCI

RuPay is India's indigenous payment network run on NPCI's infrastructure

Maharashtra sets up facility to fight cybercrimes, announces helpline

'Cyber corporation' in Navi Mumbai will work as the state's headquarters against cybercrime: Devendra Fadnavis

Perplexity AI targets 1 mn user sign-ups by mid-March, may offer free plan

Aravind Srinivas plans to make its professional service plan free for students in India

Paytm bets on AI-first features to power profitability in the next 2 years

Company begins by partnering with AI startup Perplexity to offer in-app search for users

Navi Mumbai airport likely inauguration in April, operational launch in May

The airport is expected to commence international operations by July next year, Arun Bansal, chief executive officer (CEO), Adani Airport Holdings Limited (AAHL)

Cred detected Rs 11K crore in credit card hidden charges: Kunal Shah

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

Flipkart-backed super.money acquires checkout financing platform BharatX

The company plans to introduce checkout financing for direct-to-consumer (D2C) and e-commerce brands