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Oyo launches self-onboarding tool for hotels to list in 30 minutes

Current onboarding time is 15 days. Oyo 360 tool provides a two-click platform for enrolment on its platform and offers three benefits of growth, partnership, and network

Voice AI company Skit raises $23 mn in Series B led by WestBridge Capital

This follows a Series A round last May, led by Exfinity Ventures and Kalaari Capital, AngelList. The latest funding brings the startup's total raise to $30 million

Trifecta Capital launches third fund with target corpus of Rs 1,000 cr

The fund aims to serve the rapidly growing financing opportunities for Indian start-ups

Bharti Airtel's equity issuance to aid deleveraging, fund 5G capex: Fitch

Bharti will raise equity in three tranches, a quarter of the proceeds to be received upfront and the balance in two instalments within three years

Rattle raises $2.8 mn in seed round led by Lightspeed and Sequoia Capital

Angels such as Amy Chang (EVP, Cisco & Disney board member), Ellen Levy (investor in Outreach), Jake Seid (investor in Brex & Carta), and Krish & Raman (Chargebee founders) also participated

August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers

Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept

Axis Bank ties up with BharatPe to expand its merchant acquiring business

With 600,000 terminals, the bank is the third-largest PoS acquiring bank in the payments space

RIL eyes entering new materials, renewable energy biz through acquisitions

RIL is believed to be closing in on a deal to buy out the REC Group, a Norway-headquartered solar module maker with links to the Chinese government-owned China National Chemical Corporation

Payment firm PhonePe receives broking licence from insurance regulator

The broking license will allow it to start offering personalised product recommendations to its more than 300 mn users, and offer a much more diverse portfolio of insurance products for consumers

Adani Electricity to roll out 700,000 smart meters for Mumbai customers

Based on AEML's submissions, for the first time the Maharashtra Electricity Regulatory Commission (MERC) reduced consumer tariff by an average 18 per cent effective April 1, 2020.

Anjali Bansal named president of Bombay Chambers of Commerce

Bansal will take over from Sudhir Kapadia

No outages in facility linking Aadhaar with PAN, EPFO: UIDAI

UIDAI said because of an essential security upgrade in its systems in a phased manner over the last week, some intermittent service interruptions were reported

Ami Organics prices IPO at Rs 603-610 per share: Check details here

The IPO will open on September 1 and conclude on September 3

RBI fines five payment system cos for breach of escrow, KYC and other norms

While Transaction Analysts (India) takes Rs 3 cr hit, four white label ATM operators suffer Rs 1-2 cr penalties

Former Sony India CEO bets on OTT, forms JV with Screenhits TV

ScreenHits TV tapped the former studio executives and founders of India's Vial Content Tech to oversee its expansion in the country

Sun Mobility starts new service, aims to onboard a million vehicles by 2025

It has already commenced MaaS deployment for goods delivery in Delhi NCR, Bengaluru and Chandigarh; plans to expand to other cities soon

Airbnb, SEWA extend partnership for rural women hosts in Ladakh

Airbnb will train SEWA members on home sharing, hospitality, quality standards and responsible hosting practices under the 'Hum Sab Ek' (We are One) initiative

Industry welcomes new drone rules, sees Rs 50,000 crore market potential

Says rules can create 500,000 jobs in five years, will open up opportunities for indigenous manufacturing of delivery drones and drone taxis to make India future ready

RBI promotes Ajay Kumar as Executive Director effective August 20

Prior to becoming ED, Kumar was heading RBI's New Delhi Regional Office as regional director

PhonePe gets in-principal nod from RBI to operate as an account aggregator

Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data