UPI platforms PhonePe and Google Pay saw a marginal decline in their total volume while the third largest player Paytm recorded a stagnant growth in the last month.Overall, UPI saw a marginal dip of approximately 1% in total transaction volume to 13.9 billion in June from 14 billion in May. Moreover ,the transaction value also…
My Tirth India, a company that combines spirituality and technology, has unfortunately decided to cease operations due to a shortage of financial support. This news is particularly surprising given the recent popularity and growth of the spiritual tech sector. Despite the overall tightening of funding for many industries, spiritual tech has managed to attract significant…
Sick of unexciting razors and uncomfortable skin? You’re not alone. In the same vein, Shantanu, who had conceived the idea of going big with BSC, felt the same pinch. But instead of moaning about it, he turned it into a business opportunity and became highly paid because of it. For Bombay shaving company it was…
Ola Electric is all set to launch its first electric vehicle (EV) in India in the month of August. The company plans to raise Rs 5,500 crore through the IPO. Some of this money will be raised by issuing new shares and the rest will be sold by existing shareholders. The IPO has been approved…
Flipkart Minutes, a quick commerce arm of the retailer giant, is live in HSR, Bellandur, and a few areas of Bengaluru. The e-commerce major had been planning to enter the 10-minute delivery service space for the past six months. As per reports, the company is delivering groceries, electronics, smartphones, and other products for about 10…
Introduction In the volatile landscape of financial markets plagued with uncertainties of global spillovers and inflation, the role of regulators is crucial in maintaining stability and investor confidence. Recently, the Securities and Exchange Board of India (SEBI) has found itself at the center of a controversy following a report by Hindenburg Research, a US-based investor-activist…
A high flying fintech Unicorn, Slice has emerged a winner yet again, as the Nation Company Law Tribunal(NCLT) okays the merger between the company and the North East Small Finance Bank(NESFB). This partnership that was announced back in October fits in well in the company’s plan to revolutionize banking services. The tie up of Slice’s…
The Indian government has currently launched the Digital Agriculture Mission to modernize the usa’s agriculture zone. This bold initiative goals to enhance farmers’ incomes by means of presenting them with get right of entry to to digital equipment and statistics. The undertaking will help various virtual agriculture tasks, which includes the creation of a digital…
Fintech platform Jio Commercial Services Limited (JFSL) has organized a new entirely owned secondary, Jio Finance Platform and Service Limited. The party has made the new subsidiary for the business of classification of commercial products and allied accounts, it said in a ordering on Thursday.(august 15) JFSL plans to establish INR 1 Lakh as initial…
Kunal Bahl and Rohit Bansal, who started Snapdeal and Titan Capital, just made a big exit from Urban Company, a home services startup. They sold their shares for a huge profit, getting almost 200 times what they invested nine years ago. They put in Rs 57 lakh in 2015 and now got Rs 111 crore…
