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ED issues notice to Paytm and its MD over alleged Rs 611 crore FEMA violations

ED issues notice to Paytm and its MD over alleged Rs 611 crore FEMA violations

04 Mar 2025, 12:35 PM

An ED investigation reveals that OCL had made foreign investment in Singapore and did not file necessary reporting to RBI for creation of overseas step down subsidiary.

Education financing startup Lorien Finance raises $2.25 million led by FlatIronX

Education financing startup Lorien Finance raises $2.25 million led by FlatIronX

28 Feb 2025, 11:23 AM

Additional investors include Seedstars International Ventures, Ahimsa Capital, ex-Paytm COO Bhavesh Gupta, ex-BharatPe MD Ashneer Grover, others.

Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief

Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief

28 Feb 2025, 11:00 AM

He will succeed Madhabi Puri Buch, whose tenure as SEBI chief ends on February 28, 2025.

Restructuring at PB Fintech: Naveen Kukreja steps down as Paisabazaar CEO

Restructuring at PB Fintech: Naveen Kukreja steps down as Paisabazaar CEO

28 Feb 2025, 10:34 AM

Santosh Agarwal, who is currently the chief business officer of life insurance at Policybazaar, will take over as Paisabazaar CEO.

Fintech Hightlights

  1. Razorpay expands into Singapore

  2. Indifi posts revenue jump in FY24; profit declines

  3. Safexpay's FY24 revenue drops 67%; loss widens

  4. M2P Fintech sees decline in operating revenue, export income in FY24

  5. Student lending platform Leap Finance raises $100 million debt from HSBC
  6. Read more highlights...

Editor's Pick

  1. Strata, Avigna, and the Hosur mystery: Fundraising, family ties, and investor fallout

  2. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

  3. Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama