Explore the latest news, in-depth reports, and executive analysis tagged with #India.
With the latest funding, the microfinance institution has raised Rs 70 crore in total funding during the current financial year ending on March 31, 2027.
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
A year after launching ChatGPT Go in India, Sam Altman-led OpenAI has gone far beyond selling a cheaper subscription, building partnerships and local talent...
PB Fintech stated that the advisory does not have any material financial impact on the company.
The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
The funding round also saw participation from DeVC, Antler India, Panthera Peak, and a group of angel investors.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Chakraborty will oversee the Foreign Exchange Department as well as the Financial Markets Regulation Department.
July was defined by Trump's $1.4 billion crypto disclosure, while in India the RBI stuck to its long-held position on cryptos.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
Prior to Microsoft, Kulkarni spent over a decade at Accenture and has previously held senior positions at EY and GE Capital.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
In today's Money & Machines edition, we write on the return of crypto ban debate; and iMerit's acquisition.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
The proposed framework could require VPN companies to establish a local presence in India, appoint compliance officers and designate officials to coordinate with government agencies.
