Fintech

Nithin Kamath, co-founder of Zerodha, has raised concerns about structural unemployment among Indian youth, emphasizing the need for targeted measures in the upcoming Union Budget. Despite India’s impressive economic growth rates, issues with job creation persist, particularly in formal sectors. Kamath highlighted the importance of stimulating entrepreneurship in rural areas often overlooked by traditional investors, …

Budget 2024: Zerodha’s Nithin Kamath proposes big change in capital gains from the sale of property to boost startups Read More »

Bhanshali holds 19 stocks besides Paytm, totaling over ₹5,980.4 crore. Notably, retail investors increased their stakes in the company by 1.30% in the April-June quarter, reaching 16.56%.

Partior, supported by DBS, JP Morgan, Standard Chartered, and Temasek, secured $60 million from Peak XV, Jump Trading, and Valar Capital. The funds will boost network expansion, integrate RTGS systems, and develop FX swaps, liquidity management, and cross-currency repos. Founded in 2021, it offers real-time, multi-currency clearing for banks in London, New York, and Singapore.

Invesco has reduced the fair value of fintech company Pine Labs and food delivery firm Swiggy in its latest shareholder report. Pine Labs’ value decreased from $4.8 billion to $3.5 billion, while Swiggy’s valuation was also adjusted. Both companies are exploring potential IPOs amid market fluctuations.

QNB, a 60-year-old financial institution headquartered in Qatar, is the largest in the Middle East and Africa. This initiative will create numerous opportunities for businesses in Qatar, as UPI will offer a faster and more convenient payment and checkout process, NIPL said in a release.

India’s P2P lending startups, including BharatPe, Cred, and LenDenClub, adjust products amid regulatory scrutiny. Lendbox introduces Per Annum, aiming for an OBPP license. Liquiloans expands offline. Bhuvan Rustagi seeks stable returns. RBI targets asset liability mismatch. Cred Mint’s minimum investment is Rs 2 lakh. LenDenClub’s assets under management dropped to Rs 908 crore since March …

P2P lenders rework products, business to follow RBI diktat Read More »

Users now have access to services like Fastag and DTH recharge, landline, broadband bill payments and mobile phone bill payments on the Flipkart platform, the company said on Wednesday. Flipkart has partnered with BillDesk to bring bill payment services for its users.

This collaboration enables UPI payment acceptance in Qatar through the QNB merchant network. Indian tourists can now use their preferred payment method across retail stores, tourist attractions, leisure sites, duty-free shops, and hotels.

In a statement issued on Wednesday, it said that its regional labour commissioner, Bengaluru resolved the grievance to the satisfaction of both parties with Paytm agreeing not to recover the joining bonus and to pay the notice period payment to the employee and the employee accepting the exit offer made by Paytm.

“We now have about 6 lakh merchants on the platform. On average, we are seeing an increase of about 1 million transactions per month. So, 40 million by the end of this fiscal should be achievable. We are working towards it,” chief executive officer T Koshy told reporters on the sidelines of the CII MSME …

Expecting 30-40 million monthly transactions by March 2025: ONDC CEO T Koshy Read More »