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Cashfree Gets RBI’s Prepaid Payment Instrument Licence
A few months after securing the payment aggregator cross border (PA-CB) licence, Bengaluru-based fintech startup Cashfree Payments has now received the Reserve Bank of India’s prepaid payment...
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RBI To Launch AI System For Real Time Fraud Alerts
With the growing reliance on artificial intelligence (AI), the Reserve Bank of India (RBI) is reportedly looking to develop an AI-enabled system to alert individuals about real-time financial fraud. As...
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KRAFTON Backs South Korean IMM’s India Fund To Boost Startups
KRAFTON India, the gaming giant behind Battlegrounds Mobile India (BGMI), has become the anchor investor in the newly launched IMM India Fund by South Korea’s IMM Investment. IMM Investment, which...
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Karnataka Unveils Two Flagship Programmes To Boost Early Stage Startups
Karnataka’s information technology and biotechnology (IT/BT), rural development and panchayati raj’s (RDPR) minister Priyank Kharge has rolled out two flagship programmes to bolster early stage and...
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ideaforge’s Share Prices Slip To A 52 Week Low Post Weak Q2 Disclosures
A day after announcing a loss making quarter, share prices of dronetech company ideaforge slipped about 12% to a 52 week low of INR 535.45 during intraday trading today (October 29). With its shares...
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NBFC Finova Capital Nets $135 Mn To Expand Loan Book
Jaipur-based NBFC Finova Capital has secured $135 Mn (INR 1,135.08 Cr) in a Series E funding round from Avataar Venture Partners, Sofina and Madison India Capital, along with existing investor Norwest...
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85% Of Indian SaaS Ventures Have Jumped On The AI Bandwagon
If there is one Indian sector that is well-poised to benefit from the advent of artificial intelligence (AI), it is the enterprise SaaS market. The arrival of this tech has been pivotal for the...
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Ola Electric Shares Dip Below Listing Price To An All Time Low Of INR 74.82
Continuing its downward movement from the past month, share prices of electric two wheeler manufacturer Ola Electric dipped by about 4% during intraday trading today (October 29) to hit an all time low...
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Razorpay Logs 4.85X Increase In PAT, Revenue Up By 9%
Bengaluru-based fintech unicorn Razorpay reported an operating revenue of INR 2,501 Cr for the financial year ending March 2024 (FY24), marking a 9% year-on-year growth from INR 2,293 Cr in last fiscal...
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CarTrade’s Shares Rally 52 Week High Post Q2 Results
Shares of online auto auction platform CarTrade Tech surged to a 52-week high of INR 1,090.05 during intraday trading today (October 29). By the end of the day, the stock settled at INR 1,052.80 per...
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Amazon’s Logistics Arm Sees 7.6% Jump In Revenue, Narrows Net Loss By 6.9%
Amazon’s logistics arm, Amazon Transportation Services (ATS), recorded a revenue increase of 7.6% in FY24, marking an improvement from FY23’s INR 4,543 Cr to INR 4,889 Cr, as per the regulatory filing...
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Amazon Pay Trims Losses 39%, Revenue Surges 9% In FY24
Amazon Pay India, the digital payments arm of Amazon, slashed its losses by nearly 39% to INR 911 Cr in the financial year ending March 2024 (FY24) versus a loss of INR 1,499 Cr a fiscal ago. Revenues...
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Amazon Wholesale Cuts Losses 44% To INR 344.7 Cr In FY24
Amazon India’s wholesale arm, Amazon Wholesale (India) Pvt Ltd, managed to trim its losses 34% in the financial year 2023-24 (FY24) to INR 344.7 Cr from the INR 615.7 Cr loss it incurred a fiscal ago....
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Marico’s D2C Portfolio Clocks INR 525 Cr ARR In Q2 FY25
FMCG major Marico on Tuesday (October 29) said that its D2C personal care brands crossed the INR 525 Cr annualised revenue run rate (ARR) mark in the second quarter (Q2) of the ongoing fiscal year...
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Navi Finserv Allowed To Make Loan Disbursals Sanctioned Before Oct 20
Barred from dishing out fresh loans, Sachin Bansal-led Navi Finserv on Tuesday (October 29) said that the Reserve Bank of India (RBI) has allowed it to make scheduled home loan disbursals sanctioned...
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Swiggy Instamart Glitches A Week Before Going Public
With its market debut just around the corner, quick commerce major Swiggy Instamart faced a major outage for over an hour late on Tuesday (October 29). The outage left many users unable to access its...
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Razorpay Walks The Tightrope Of Regulations And Profits
Razorpay cofounder and CEO Harshil Mathur believes regulations are good for the fintech industry. Earlier this year, the Razorpay CEO told Inc42 that RBI’s guidelines in each fintech vertical are...
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9 Spiritual Tech Startups Transforming India’s Faith Market
India is the land of spirituality. From Apple’s Tim Cook to The Beatles’ George Harrision, a number of famous foreigners have turned to India to find spiritual enlightenment and the meaning of life....
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How AI Is Powering The Next Wave Of Legal Innovation In India
Unlike many industries that have undergone significant digital transformation over the past decade in India, the legal sector has traditionally been slow to adopt technology because of its heavy...
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TRAI Soon To Finalise Updated Regulations On Curbing Spam Calls, Messages
Month after the Telecom Regulatory Authority of India (TRAI) directed telecom operators to blacklist 50 entities for spamming end users, the regulator will likely finalise tighter and updated...
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