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RBI's Digital Lending Crackdown To Dent Kotak's FY25 Profit By Up To INR 450 Cr

India, May 6 -- Kotak Mahindra Bank's digital banking business is expected to see a significant dent in its profit-before-tax (PBT) by INR 300-450 Cr in FY25 in the wake of the Reserve Bank of India's... Read More


Paytm Shares Down Nearly 5% After COO Bhavesh Gupta's Resignation

India, May 6 -- Shares of Paytm's parent entity One97 Communication dropped nearly 5% in the first hours of trading on Monday (May 6) to INR 351.70. At 12:24 PM, Paytm shares were trading at INR 352.... Read More


Airbnb Sees India's Potential To Be Among Top 10 Global Markets

India, May 3 -- Airbnb sees India as a burgeoning market with rapid growth potential, positioning it among the top contenders to become one of the platform's top 10 global markets in the near future, ... Read More


Groww Mutual Fund Launches Nifty Non-Cyclical Consumer Index Fund

India, May 3 -- Groww Mutual Fund has launched India's first Nifty Non-Cyclical Consumer Index Fund. The scheme will be open for subscription till May 16. The fund, an open-ended scheme, seeks long-t... Read More


Apple Sets Revenue Record In India Amid Global Slowdown

India, May 3 -- Apple achieved record revenue in India during the quarter ending in March 2024, although it saw an overall 4% decline in revenue attributed to a 10% decrease in iPhone sales compared t... Read More


30 Startups To Watch: Startups That Caught Our Eyes In April 2024

India, May 1 -- The year 2023 tested the limits of the world's third-largest startup ecosystem. Faced with regulatory hurdles and dwindling funding numbers, Indian new-age tech companies navigated a t... Read More


FirstCry CEO Supam Maheshwari's Monthly Remuneration Halves To INR 8.6 Cr In FY24

India, May 1 -- IPO-bound FirstCry's cofounder and chief executive officer Supam Maheshwari's monthly remuneration declined 49% to INR 8.6 Cr in the first three quarters of FY24 from INR 16.7 Cr in FY... Read More


UPI Transactions See Marginal Dip To 1,330 Cr In April

India, May 1 -- The Unified Payments Interface (UPI) transactions declined slightly, 1% month-on-month (MoM) to 13.30 Bn in April from 13.44 Bn in the previous month. On a year-on-year (YoY) basis, t... Read More


Tribe Capital Doubling Down On Shiprocket With $75 Mn Infusion

India, April 30 -- Silicon Valley-based Tribe Capital is ramping up its investment in logistics startup Shiprocket through its newly launched special purpose vehicle (SPV) in India. Tribe's cofounder... Read More


Regulatory Curbs On Paytm Bank Puts Its Wallet Business In Slow Lane

India, April 30 -- The regulatory actions against Paytm Payments Bank have impacted its mobile wallet business operation, thus bringing it to a standstill. In March, Paytm Payments Bank recorded 7.4 ... Read More