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RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29

'Persistent non-compliance' by company, says order barring it from credit transactions or top-ups in customer accounts

Paytm hits lower circuit, shares down 20% after RBI's restrictions

Paytm expects an impact on its annual Ebitda (earnings before interest, taxes, depreciation and amortisation) in the range of Rs 300 to Rs 500 crore

RBI's digital payments index jumps to 418.77 in Sept from 395.57 in Mar

RBI's Digital Payments Index comprises five broad parameters that measure the penetration of digital payments in the country over different time periods

Akasa Air orders over 300 CFM engines for its new B737 MAX aircraft

The deal is valued at around $4.5 billion and includes spare engines and a services contract

Fintech association launches awareness campaign about cyber fraud

Spotting fake lending apps and reporting online financial fraud will be part of Fintech Suraksha

Air India to induct 68 new aircraft in 2024, says CEO Campbell Wilson

The airline started the commercial operations of its first A350 aircraft on January 22, with a flight from Mumbai to Chennai

Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

Simpl launches merchant biz offering to reduce CoD settlement time

The company said the product aims to reduce the settlement time for cash-on-delivery (CoD) orders by up to 90 per cent and improve daily sales by 40 per cent

Vivifi India Finance raises $75 mn series B funding from US investor

The company had raised $6 million in its Series A round previously in the financial year 2021

SoftBank entity sells 2% stake worth Rs 950 crore in Paytm parent

After selling a 2 per cent stake in the fintech company, SoftBank's total shareholding has come down to 5.06 per cent. The company held a 13.24 per cent stake in February 2023

Day 2: Ayodhya chock-a-block as Ram Temple opens doors for public

Hotels booked out, travel platforms launch holiday packages, businesses join in with special-edition products

Goa, Jaipur, and Udaipur tourist favourites for Republic Day weekend

Airfares zoom, hotels in demand ahead of year's first long weekend

Infibeam Avenues profit up 15.7% at Rs 41.4 cr on strong festive season

Meanwhile, the Gandhinagar-based company saw its revenue from operations more than double to Rs 911.9 crore in Q3 FY24, up from Rs 414.7 crore in Q3 FY23

Fintech associations exploring ways to incentivise SRO membership

The central bank in its draft framework had said that the industry needs to answer the question of how an SRO-FT would create incentives for membership since entities in the fintech sector

From sweets to diyas, Ram Mandir inauguration rings in 'second Diwali'

The main thoroughfares, public places, markets, and private buildings were adorned with large cut-outs of Lord Ram, Ram flags, posters, banners, etc, displaying the frenzy around Ram Mandir

Personal loans segment sees resurgence post Covid: CRIF-DLAI report

Members of the Digital Lenders Association of India (DLAI) contributed 7.9 per cent and 19.8 per cent to originations value and volume respectively in FY23, it noted

Fintech major Paytm plans AI-powered systems to improve business operations

Company expects its postpaid loan disbursal to further shrink in the next two quarters

Paytm trims losses to Rs 221.7 crore, revenue from operations zooms 38%

Paytm's expenses have increased 9.5 per cent Q-o-Q to Rs 3,216.3 crore in Q3FY24 from Rs 2,936.7 crore in Q2FY24. On a Y-o-Y basis, expenses rose 27.5 per cent from Rs 2,522.3 crore

'Highly confident' Akasa Air to bring 150 Boeing 737 MAX aircraft on board

In 2021, Akasa Air initially ordered 72 MAX planes from Boeing and then expanded the order to 76 in 2023. Of these, 22 have been delivered, with the remaining 54 due by mid-2027

Fintech firm FinAGG Technologies raises $11 million in Series A funding

The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation