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A litmus test for fintech IPOs as MobiKwik inches closer to listing

After Paytm's disappointing performance after listing in 2021, the markets have evolved and the fintech ecosystem has matured with greater regulatory clarity from the RBI

Razorpay launches venture investment programme in partnership with VCs

Early-stage ventures could see potential fundraising of up to $1 million as part of the programme

Air India-Vistara merger completed; Singapore Airlines gets 25.1% stake

The merger with Vistara will enable Air India to operate 5,600 weekly flights connecting 90 destinations with a fleet size of 208 aircraft

Vistara completes merger with Air India: With cabin mood lights and selfies

The change of guard was visible at the check-in counters at the airport. Long queues near the airline's check-in counters prompted the Vistara staff to seek assistance from team Air India

BS BFSI Summit: 'Fintechs had ample time to comply with regulations'

Industry players said that regulatory bodies in India engage in private deliberations with firms, scrutinising and evaluating them before taking any supervisory action

BS BFSI 2024: Foreign banks focus on strengths to level up India play

India heads see new opportunities as Indian economy gains ground

Savings, credit, jewellery major focus for Jar amid evolving finance needs

Amid growing financial uncertainty, Jar enables Indians to save in digital gold, offering small daily investments and options for jewellery conversion through its platform

Bharat Connect clocks Rs 1 trillion in transaction value in October

Various payment methods such as UPI, internet banking, and prepaid payment instruments (PPIs) can be used to pay bills

P2Ps see rising customer interest ahead of T+1 deadline on November 14

Despite continuity in business operations, companies are proceeding with caution citing investor re-education about new norms

Crypto exchange co WazirX battles liabilities, white knights yet to arrive

Crypto exchange may be engaged in talks with a bunch of platforms for a potential deal

Fintech firms capitalise on digital gold rush this festive season

Firms store physical gold in vaults to back up the accumulated gold stored digitally in a user's account

Major domestic routes see up to 32% drop in spot airfares for Diwali travel

Travel associations observed that demand for flights on metro routes has eased this year compared to the previous surge, which largely met the pent-up post-pandemic travel appetite

Finova Capital raises $135 million to expand loan book, invest in tech

The firm has a presence across 16 states with over 400 branches. Its current assets under management are pegged at Rs 3,000 crore

Cashfree Payments gains regulatory approval to operate as a PPI provider

Cashfree Payments joins a growing list of PPI providers. At present, the banking regulator has issued these licences to 46 entities

IndiGo shares nosedive 8% after weak September quarter performance

Near-term outlook remains challenging as supply outpaces demand

Fintech major BharatPe rolls out investment platform 'Invest BharatPe'

The Delhi-based fintech launched digital gold in partnership with Safegold, enabling customers to purchase and sell gold digitally

Slice, North East Small Finance Bank merge one year after RBI approval

The merger process was completed over one year after the bank received a no-objection certificate from the Reserve Bank of India

MobiKwik cut IPO size due to higher FY24 revenue: Co-founder Upasana Taku

A priority for the company is scaling its payments beyond current levels by acquiring new customers, launching new products, and focusing on offline merchant acquisition

WazirX reports 40% assets dip in reserves after July security breach

The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July

AI compute capabilities to be available by June 2025: MeitY additional secy

The empanelled agencies include sites and firms such as data centres, startups, and cloud service providers