News

BlackSoil-Caspian Debt merger gets the RBI approval

02 Apr 2025, 17:20 PM

This marks a crucial step toward finalisation of the merger, with only the National Company Law Tribunal (NCLT) approval remaining.

Plaksha University launches Binny Bansal Institute for Inventing the Future

02 Apr 2025, 17:06 PM

The Flipkart co-founder has invested Rs 70 crore to set up IIF, that will focus on developing innovative solutions using AI, blockchain, and robotics.

Groww gets CCI approval to issue bonus shares to Peak XV, Tiger Global, others

02 Apr 2025, 13:56 PM

The proposed transaction also includes the elimination of differential voting rights held by Groww’s founders.

MobiKwik reports Rs 1.26 crore fraud by ex-employee

28 Mar 2025, 21:39 PM

The Gurugram-based fintech claims that the employee embezzled the funds from August 2023 to September 2024 by altering merchant details.

smallcase raises $50 million led by Elev8 Venture Partners

28 Mar 2025, 21:25 PM

The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures.

Fintech infra firm OneStack raises $2 million in Series A

28 Mar 2025, 21:12 PM

The round was led by Pentathlon Ventures, with participation from Yatra Angel Network and from existing investors 100Unicorns and Venture Catalysts.

Fintech NBFCs sanctioned 8.3 crore loans worth Rs 81,365 crore between Apr-Dec 2024

28 Mar 2025, 21:02 PM

However, quarter-on-quarter sanction value declined by 15% in Q3 FY24-25 compared to Q2 FY24-25.

Zaggle to acquire 45.33% in PoS firm Effiasoft for Rs 36.72 crore

28 Mar 2025, 20:51 PM

Zaggle said it received the approval from its board to acquire the stake from Effiasoft cofounders Koushik Shee and Akula Krishna Rao.

Hitachi Payment's cash management unit gets new CEO

28 Mar 2025, 20:37 PM

Yusuf Pachmariwala will be succeeding Anup Neogi as ​​Hitachi Cash Management Services' managing director and chief executive officer.

MobiKwik plans entry into stock broking space

28 Mar 2025, 20:25 PM

MobiKwik's stock broking arm will deal in shares, stocks, securities, debt instruments, commodities, currencies and their derivatives.

Paytm discontinues payments processing via Juspay

26 Mar 2025, 08:57 AM

Razorpay, Cashfree and PhonePe have already announced their decisions to move away from third-party routers.

Pine Labs eyes IPO in second half of 2025

26 Mar 2025, 08:41 AM

If reports are to be believed then Pine Labs is eyeing a $1 billion public listing, which would comprise of issue of fresh equity shares as well as an offer for sale.

Rural-focussed lender Navadhan raises Series A led by NABARD's VC arm

26 Mar 2025, 08:19 AM

The round was co-led by Prime Ventures, along with participation from LNB Group and existing investors.

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

20 Mar 2025, 22:04 PM

As a part of this deal, PayU will acquire a 43.5% stake in Mindgate, while the majority ownership will remain with the company's founders.

Paytm Money gets Sebi approval to operate as research analyst

18 Mar 2025, 20:59 PM

The approval allows Paytm Money to provide SEBI-compliant research services, which include investment insights, research reports and data-driven analysis.

Two senior executives quit Navi to start asset management company

18 Mar 2025, 20:54 PM

Former Navi VPs Shobhit Agarwal and Apurv Anand are planning to start the venture with Sebi’s Portfolio Management Services (PMS) license.

Government sets up inter-ministerial committee on fintech

18 Mar 2025, 20:35 PM

Chaired by the secretary of the department of financial services (DFS), the committee will analyze fintech’s contributions to the broader BFSI industry.

Infibeam Avenues signs MoU with IISc Bangalore

17 Mar 2025, 20:20 PM

Infibeam Avenues’s AI business unit Phronetic.AI and IISc will develop anti-deepfake technology specifically tailored for real-time video communication.

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

17 Mar 2025, 20:11 PM

As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.

Supply chain financing startup Vayana gets NBFC licence; eyes fresh funding

17 Mar 2025, 19:34 PM