Money & Machines
UPI went viral, but the Gandhi Note stays.
While India has spent a decade trying to make money move without paper, the face of Gandhi on the currency note remains as relevant as ever.
Money & Machines
In-depth reporting, market intelligence, and analytical commentary on money & machines.
Money & Machines
Money & Machines: Infra.Market’s IPO detour; AI's water challenge
In this piece, we write on Hella Infra using Shalimar Paints for a backdoor listing after a year of rating trouble and debt refinancing; and how protests against Google's proposed data centre have opened up a larger conversation around water...
Money & Machines
Money & Machines: Postpaid is back. The golden era isn't; What Sarvam's Chaplot bet signals
In this edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and what Sarvam AI's appointment of frontier AI researcher Devendra Chaplot signals...
Money & Machines
Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel
In today's edition, we write on Ashneer Grover's third attempt at Third Unicorn in three years; and why investors are betting on India's AI-native travel startups...
Money & Machines
Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
Money & Machines
Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge
In today's Money & Machines edition, we write on the return of crypto ban debate; and iMerit's acquisition.
Money & Machines
Money & Machines: Pricing Razorpay; Where is Indian PE in AI?
In this edition, we write on Razorpay’s valuation puzzle; and we explore why private equity firms remain cautious about backing India's AI startups.
![Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]](/upload/theheadandtale.com/2026/07/1783425176_4f181680c7_june12.jpg)
Money & Machines
Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]
In this editing, read the fintech reality check; and whether the frenzy around AI is actually translating into funding for Indian startups.
Money & Machines
Money & Machines: MobiKwik's Third Lending Act; The Entry-Level Squeeze
We write about MobiKwik’s lending ambitions; and a worrying trend emerging across the technology industry...
Money & Machines
Money & Machines: RBI's quiet signals; Tamil Nadu's AI act
An inside look at the RBI’s quiet intelligence advisories to payment aggregators; and ohow Tamil Nadu has become one of the first states in India to carve out a dedicated space for AI...
Money & Machines
Money & Machines: One on 1Pay; Gen Z goes AI-First
We have a news development to report on from the payments ecosystem. And, we write how users aged 18-24 now account for nearly half of all ChatGPT messages in India.
Money & Machines
Money & Machines: Project UPI Meta is back; A case for industrial AI
Read about Project UPI Meta (a story with backstory). Also, we write how Industrial AI is beginning to move from experimentation to scaled deployment in India’s manufacturing sector.
Money & Machines
Money & Machines: Federal's shift from co-brands to control; When AI turns hacker
The card strategy of the fintech-friendly Federal Bank; and on the AI front we write, as AI systems begin to autonomously find and exploit vulnerabilities, cybersecurity is entering a new phase.
Money & Machines
Razorpay's IPO + Visa's appointment + AI-IT tieups
We looked at Suresh Sethi's appointment at Visa; Razorpay's repositioning ahead of IPO; and how partnerships with players like OpenAI are helping Indian IT firms stay in the game...
Money & Machines
The Slice transition; Spyne's R&D obsession
We write about the transition of Slice, a fintech with a banking licence; and how Spyne's R&D spends is showing up in its revenue numbers.
Money & Machines
The fintech crackdown continues; The ROI paradox in AI
In this edition, we write about how India's law enforcement agency's crackdown on fintech companies continues; and the debate on the economics of AI...
Money & Machines
'Guilty, until proven innocent'; The ARR illusion
In this edition, we have a bit unusual write-up on 'Money'. But, on the emerging tech side, we look at the most-talked about Emergent's case and how ARR is being rethought in AI.
Money & Machines
Rishi Gupta is out on bail. What next?; The cost of frivolous AI use
This edition looks into how RBI will view Gupta's re-appointment as Fino Bank MD and CEO; and we also examine the energy cost of frivolous use of AI...
Money & Machines
Fintechs' Dubai Dream; Founders' AI Second Act
In this edition, we write how the UAE expansion story of many Indian fintechs looks like post Iran conflict; and how repeat founders are among the first to chase the opportunity within AI.
Money & Machines
A CEO arrested, hearing delayed; Sarvam's AI pitch
We write about the uneasy silence and fear hovering over the arrest of Fino CEO Rishi Gupta; and why Sarvam AI’s new startup programme may be less about startup support...
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