Ian

Jio Financial pumps Rs 190 crore into payments bank

Jio Financial pumps Rs 190 crore into payments bank

27 Jun 2025, 11:32 AM

The move follows its recent buyout of State Bank of India’s 17.8% stake for Rs 104.54 crore, giving JFSL complete ownership of the bank.

BlackSoil-Caspian Debt merger gets the RBI approval

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.

Jio Financial acquires SBI

Jio Financial acquires SBI's stake in payments bank JV

05 Mar 2025, 22:32 PM

Jio Financial Services acquires SBI's 17.8% stake in Jio Payments Bank for Rs 104.54 crore.

Lizzie Chapman quits Reliance-backed API infra company Swiffy Labs

Lizzie Chapman quits Reliance-backed API infra company Swiffy Labs

20 Feb 2025, 23:08 PM

Chapman co-founded Swiffy Labs in August 2023 after stepping down from her previous venture ZestMoney.

Razorpay partners MHA to boost cyber security around digital payments

Razorpay partners MHA to boost cyber security around digital payments

02 Dec 2024, 20:31 PM

Recent data from the National Cybercrime Reporting Portal reveals a sharp increase in digital fraud incidents across India, with over 7,000 complaints reported daily...

Jio Financial Services in talks with Allianz SE to set up insurance biz: report

Jio Financial Services in talks with Allianz SE to set up insurance biz: report

24 Oct 2024, 17:58 PM

The news comes shortly after Bajaj Finserv revealed that Allianz is considering an exit from its existing life and general insurance joint ventures with the Bajaj Group.

Febi.ai raises $2 million in pre-Series A funding

Febi.ai raises $2 million in pre-Series A funding

23 Oct 2024, 17:56 PM

The new funding will be used to enhance AI capabilities, expand customer acquisition, and grow the workforce.

Fintech Highlights

  1. Blume-backed EV financing startup Ohm Mobility shuts down

  2. Pine Labs-owned Setu ropes in Razorpay, PhonePe, PayU execs for key roles

  3. BNPL startup Simpl under ED scanner over Rs 913 crore FDI violation

  4. Insurtech startup Bharatsure secures Rs 6 crore funding from IPV, others

  5. Digital lender KreditBee converts into public entity ahead of IPO
  6. Read more news...

AI/Emerging Tech

  1. China's Unitree prices new humanoid robot at under $6,000

  2. OpenAI's Shengjia Zhao named as chief scientist of Meta Superintelligence Labs

  3. AI supremacy: Taiwan follows US with mega global hub plan

  4. Trump government unveils artificial intelligence policy

  5. Intuit updates enterprise suite with AI agents to drive mid-market growth
  6. Read more news...

Editor's Pick

  1. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

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

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