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The allegations against the Razorpay directors arise from an SFIO investigation into a network of 33 companies, including Mad Elephant Network Technology.
India's space-tech startups are attracting billion-dollar valuations and investor interest, but weak revenues and uncertain commercial prospects raise questions about the boom's sustainability.
A BharatPe spokesperson said Unity's board must comply with the court’s directions and exercise independent judgment in the interests of all stakeholders, including minority shareholders.
Total expenses rose 9% to Rs 419 crore during the quarter from Rs 384.5 crore in the year-ago period.
Banks and NBFCs must report cyber incidents to CERT-In and RBI's DAKSH portal within six hours of detection.
NTSL will focus on emerging technology areas beyond NPCI's core payments business, including artificial intelligence.
A confidential RBI advisory, dated November 3, sets timelines for implementing safety measures; mandates CERT-In-empanelled audits for NBFCs and beneficiary whitelisting for API-based payouts.
The company plans to use the fresh capital to expand its global presence and increase the deployment of its autonomous logistics solutions across healthcare and industrial facilities.
The committee will be chaired by the Deputy Governor overseeing RBI’s Financial Markets Regulation Department (FMRD).
The service will be available to users across India, including those who are not existing Fibe customers.
The round also saw participation from existing investor Omnivore, along with angel investors Chiranjeev Singh Saluja and Sudhir M Reddy.
With the final approval, Razorpay can support international money movement, including global investments, collections and settlements, through its GIFT City-based infrastructure.
The approval follows Navi’s announcement in August 2026 that it had raised $100 million from Prosus in its first institutional funding round.
The Gurugram-based company's net profit increased 43% to Rs 193 crore in Q2 FY27 from Rs 135 crore in Q2 FY26.
The searches were carried out on October 27 covering entities operating the Mudrex and Saber.money platforms, along with the decentralised finance (DeFi) protocol Instadapp.
Rengaswamy said he would remain a significant shareholder in Quona Capital and continue to support the firm.
The company has also received Rs 53.75 lakh in grants from SIPCOT, MeitY Startup Hub, NIDHI PRAYAS, IIT Madras Research Park’s RTBI programme and Cummins CSR.
In a separate filing, Ola Electric said Motilal Oswal Financial Services and Calliope Capital Advisors had applied for a combined 2.39 crore shares under the rights issue.
The investment was made through a combination of primary share issuance and a secondary purchase from existing investors.
![Cashfree in acquisition talks with Pine Labs, Paytm [Exclusive]](/upload/theheadandtale.com/2026/05/1779707445_46c9125b8c_cashfree.jpg)
Cashfree, which had attracted fresh venture funding early last year, has been on the block for the last three to four months.
