Explainer

Sanjay Malhotra is the new RBI Governor

Sanjay Malhotra is the new RBI Governor

09 Dec 2024, 22:37 PM

Malhotra replaces Shaktikanta Das whose six year tenure comes to an end on December 10, 2024.

Scammers impersonate investment apps amid rising fraud

Scammers impersonate investment apps amid rising fraud

09 Dec 2024, 15:13 PM

Scammers are on the rise, targeting trusted names like Paytm Money, Zerodha, Groww, and Aditya Birla with fake apps designed to deceive investors.

A top executive at PayU steps down amid leadership changes [Exclusive]

A top executive at PayU steps down amid leadership changes [Exclusive]

29 Nov 2024, 02:26 AM

In recent months, The Head and Tale has exclusively reported on other senior-level departures at PayU India, including Wibmo CEO Suresh Rajagopalan.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 23:13 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Cred sells Happay to MakeMyTrip

Cred sells Happay to MakeMyTrip

18 Nov 2024, 23:03 PM

MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

14 Nov 2024, 20:06 PM

Prosus said in a statement that it had gained $2 billion on its investment in the food delivery and quick commerce firm.

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 15:26 PM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

Delhi High Court quashes EOW FIR against Ashneer Grover, and his wife

Delhi High Court quashes EOW FIR against Ashneer Grover, and his wife

11 Nov 2024, 21:07 PM

As part of the September 30 settlement, BharatPe has withdrawn both civil and criminal complaint against Grover and his family.

Paytm receives regulator's approval to add new UPI users, after 10-month ban

Paytm receives regulator's approval to add new UPI users, after 10-month ban

23 Oct 2024, 18:24 PM

The onboarding process was suspended in February this year due to directives from the Reserve Bank of India (RBI).

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

18 Oct 2024, 00:50 AM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

11 Oct 2024, 01:51 AM

Suresh Rajagopalan, chief executive officer of Wibmo, a PayU company, has resigned, according to sources.

Ebix-owner Eraaya suspends chairman Robin Raina; initiates investigation

Ebix-owner Eraaya suspends chairman Robin Raina; initiates investigation

27 Sep 2024, 23:31 PM

Eraaya’s Board unanimously voted to investigate alleged financial irregularities and suspended Ebix chairman Robin Raina from all roles, pending inquiry.

Pine Labs' chief revenue officer quits: source

Pine Labs' chief revenue officer quits: source

25 Sep 2024, 15:44 PM

Navnit Nakra – who previously served as OnePlus India CEO – joined the Noida-based payments company last year.

Paytm’s regulatory affairs and policy head quits: sources

Paytm’s regulatory affairs and policy head quits: sources

16 Sep 2024, 18:50 PM

Srinivas Yanamandra, group head of regulatory affairs and policy, was asked to resign from Paytm, according to sources.

Exclusive: Amazon-backed Axio closing $20 million fundraise

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 17:26 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

RBI amends P2P lending guidelines

RBI amends P2P lending guidelines

16 Aug 2024, 22:27 PM

After observing some peer-to-peer lending platforms violating the RBI's guidelines, the central bank has announced modifications to the master directions of NBFC-P2P.

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

12 Aug 2024, 16:21 PM

The US-based short seller said Madhabi Buch's response "includes several important admissions" and "raises numerous new critical questions."

'Madhabi Puri Buch made relevant disclosures': Sebi on Hindenburg report

'Madhabi Puri Buch made relevant disclosures': Sebi on Hindenburg report

12 Aug 2024, 15:37 PM

Also, Madhabi Puri Buch and her husband Dhaval Buch, in a joint statement, described the Hindenbirg claims as "baseless allegations and insinuations" devoid of truth.

Sebi chief Madhabi Puri Buch had hidden stakes in Adani's offshore funds: Hindenburg

Sebi chief Madhabi Puri Buch had hidden stakes in Adani's offshore funds: Hindenburg

11 Aug 2024, 03:45 AM

SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani, the report said.

Timeline: WazirX’s Volatile Journey

Timeline: WazirX’s Volatile Journey

04 Aug 2024, 04:54 AM

The Head and Tale looks back at the volatile journey of WazirX and its founder Shetty to get a sense of how far the company has come and where it currently stands.

Fintech Highlights

  1. EduFund raises $6 million in Series A funding

  2. Crypto exchange CoinDCX loses $44 million in hack

  3. Altum Credo raising additional Rs 100 crore in extended Series C funding

  4. Paytm Money to rope in HDFC Securities executive as CEO: report

  5. Flipkart-owned Super.money entering stock broking space
  6. Read more news...

AI/Emerging Tech

  1. Nvidia's H20 AI chip stock for China falls short

  2. Anysphere acquiring top engineers from AI-powered CRM startup Koala

  3. Perplexity ties up with Bharti Airtel to provide 12-month free Pro subscription

  4. Meta ropes in two senior Apple AI researchers

  5. OpenAI launches proactively thinking and acting ChatGPT agent
  6. Read more news...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case
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