Restructuring

OpenAI set for restructure under non-binding deal with Microsoft

OpenAI set for restructure under non-binding deal with Microsoft

12 Sep 2025, 12:31 PM

The two companies are actively working to finalize contractual terms in a definitive agreement.

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.

Inside BharatPe’s tech overhaul as it preps for 2026 IPO

Inside BharatPe’s tech overhaul as it preps for 2026 IPO

02 Jun 2025, 17:20 PM

Performance pressure is mounting at BharatPe, triggering leadership shakeups and engineering changes ahead of its IPO, sources say.

Exclusive: Paytm’s payment aggregator unit fires all senior executives

Exclusive: Paytm’s payment aggregator unit fires all senior executives

04 Apr 2025, 15:08 PM

Nearly 10-15 senior executives—at the AVP, VP, and SVP levels—have been let go from Paytm Payments Services Limited, which is still awaiting its final PA licence from the RBI.

Singapore High Court approves WazirX restructuring plan

Singapore High Court approves WazirX restructuring plan

24 Jan 2025, 15:48 PM

The Singapore High Court has allowed WazirX's parent to convene a scheme meeting with the users of the cryptocurrency exchange.

Fintech Highlights

  1. RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

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

  3. CoinDCX sees more top-level executive exits

  4. Avanse net profit jumps 47% to Rs 502 crore in FY25

  5. PhonePe, SIDBI team up to digitize Udyam Assist registration for micro enterprises
  6. Read more news...

AI/Emerging Tech

  1. Micro1 raises Series A funding led by VC firm founded by former X executives

  2. OpenAI set for restructure under non-binding deal with Microsoft

  3. Mistral AI attracts $2 billion in Series C led by ASML

  4. Cognition AI raises $400 million in new funding led by Founders Fund

  5. Former Scale AI executive founded AI startup Isotopes AI bags $20 million in seed funding
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

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