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Utilities

The MCC loophole: How it grew into a Rs 3,000 crore problem

The MCC loophole: How it grew into a Rs 3,000 crore problem

09 Jun 2026, 17:47 PM

The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.

Visa

Visa's utility shift; an AI bet that isn't accidental

18 Dec 2025, 18:20 PM

A quick update on Visa’s move to discontinue the special pricing for utilities; and why TPG's JV with TCS to build AI data centres is not a mere coincidence.

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Fintech Highlights

  1. BlackSoil buys Credit Fair's solar financing business

  2. UPI in June: Overall merchant payments fall, digital gold purchase value climbs

  3. PhonePe elevates Srijon Biswas as chief technology officer

  4. B Capital closes $500 million fund

  5. PhonePe Insurance CEO Vishal Gupta steps down to start new venture
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AI/Emerging Tech

  1. Hakimo raises $12 million from existing investors Zigg Capital, Vertex Ventures, others

  2. SpaceXAI launches Grok 4.5

  3. OpenAI unveils real-time Voice AI models under GPT-Live family

  4. Edysor.ai raises pre-seed funding from angel investor

  5. Alchemic secures pre-seed funding led by AJVC
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IPO Tales

  1. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  2. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  3. Shiprocket IPO: A profitable core, costly emerging bets

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
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Money & Machines

  1. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  2. Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]

  3. Money & Machines: MobiKwik's Third Lending Act; The Entry-Level Squeeze

  4. Money & Machines: RBI's quiet signals; Tamil Nadu's AI act
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PE/VC Tales

  1. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  2. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  3. Micro VCs: Fueling India's startup pipeline or distorting it?

  4. Inside the fintech and financial services bets of Peak XV, Accel, Elevation
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Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]