Employee

Simpl lays off 80-100 employees after RBI crackdown

Simpl lays off 80-100 employees after RBI crackdown

03 Oct 2025, 13:19 PM

The layoffs came just days after the Reserve Bank of India (RBI) ordered Simpl to immediately stop its payment system operations.

OpenAI valuation touches $500 billion as employees sell shares

OpenAI valuation touches $500 billion as employees sell shares

03 Oct 2025, 11:47 AM

The shares were bought by investors including SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price.

PhonePe rolls out ESOP buyback of Rs 700-800 crore ahead of IPO

PhonePe rolls out ESOP buyback of Rs 700-800 crore ahead of IPO

11 Sep 2025, 18:02 PM

Around 1,000 employees from the company's 12,000-strong workforce are currently eligible to participate in this buyback initiative.

Paytm employees see single-digit remuneration hike; headcount falls 10%

Paytm employees see single-digit remuneration hike; headcount falls 10%

06 Aug 2025, 12:44 PM

No remuneration was paid to non-executive directors at Paytm for the financial year 2024-25.

Clear cuts software engineers and IIT freshers in major restructuring

Clear cuts software engineers and IIT freshers in major restructuring

05 Aug 2025, 19:10 PM

"We undertook broader strategic organisational restructuring, impacting around 16% of our workforce, including a small number of early-career employees," the company said.

MobiKwik reports Rs 1.26 crore fraud by ex-employee

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.

Fintech Highlights

  1. Simpl lays off 80-100 employees after RBI crackdown

  2. India's payments revolution faces a new test: Securing a growing ecosystem

  3. Fintech platform Ignosis raises $4 million led by Peak XV's Surge

  4. Zerodha reports 40% fall in brokerage income amid regulatory headwinds

  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
  6. Read more news...

AI/Emerging Tech

  1. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

  2. OpenAI valuation touches $500 billion as employees sell shares

  3. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

  4. Thinking Machines Lab unveils first product Tinker

  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
  6. Read more news...

Money & Machines

  1. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

  2. RBI brings the wild west under regulatory fold; Hello, AI friend

  3. The same fate of two digital lending posterboys; Healthcare not AI ready?

  4. Reliance's startup moment; Amazon, Flipkart's NBFC play
  5. Previous editions...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality