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Infibeam Arm Gets PSP Licence From GIFT City IFSC

India, Oct. 28 -- Listed fintech company Infibeam Avenues's subsidiary, IA Fintech, yesterday received in-principle approval from the International Financial Services Centres Authority (IFSCA) to oper... Read More


Projects Worth INR 5,500 Cr Approved Under Electronics Manufacturing Scheme

India, Oct. 28 -- The Centre yesterday approved the first batch of seven projects under the Electronic Components Manufacturing Scheme (ECMS). In a statement, the IT ministry said that the selected c... Read More


Lenskart IPO: Price Band Set At INR 382-402

India, Oct. 27 -- Omnichannel eyewear retailer Lenskart has set a price band of INR 382 to INR 402 for its initial public offering (IPO), which is set to open on Friday (October 31). At the upper end... Read More


Paytm Rolls Out UPI Access For NRIs In 12 Countries

India, Oct. 27 -- Fintech major Paytm has rolled out a new feature that lets Non-Resident Indians (NRIs) use their international mobile numbers to make UPI payments on its app. With this update, NRI ... Read More


Cryptos Qualify As Property Under Indian Law: Madras HC

India, Oct. 27 -- With the dust seemingly settled on the $235 Mn crypto heist at WazirX, the Madras High Court (HC) has now taken a proactive step to define what a cryptocurrency is in the Indian cont... Read More


Stanza Living To Raise $32 Mn From Accel, Motilal Oswal

India, Oct. 27 -- Managed accommodation space provider Stanza Living is set to raise INR 282.8 Cr (around $32 Mn) in a new funding round led by its early investor Accel, with Motilal Oswal joining in ... Read More


[Update] Ola Electric To Allow Direct Purchase Of EV Spare Parts Via App & Website

India, Oct. 27 -- Update | October 27, 20:45 IST In an exchange filing today, Ola Electric announced that it would be scaling up its after-sales service platform, HyperService, into an open platform ... Read More


From Burn To Break-Even: Meesho Shows Signs Of Turnaround

India, Oct. 27 -- Just a few years ago, the idea of Meesho, an ecommerce marketplace targeting India's Tier 2 and Tier 3 cities, outpacing Flipkart to the IPO line would have been laughed away. But th... Read More


Zerodha To Soon Offer US Stock Investment Via GIFT City

India, Oct. 27 -- Broking major Zerodha is set to allow its users to invest in US stocks via GIFT City, starting next quarter, founder and CEO Nithin Kamath announced during an AMA with the company's ... Read More


Post-Diwali Glow: Urban Company, Snabbit Cash In On Festive Frenzy For Quick Services

India, Oct. 27 -- When this year's festive season arrived, it wasn't just the quick commerce and ecommerce carts or gold marketplaces that saw a rush. A new kind of festive frenzy unfolded inside Indi... Read More