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RBI secures massive Mumbai land deal to house new office

RBI secures massive Mumbai land deal to house new office

16 Sep 2025, 16:34 PM

The land is worth over Rs 3,400 crore at the Nariman Point financial district.

BeyondSquare Solutions secures $4 million in Series A funding led by Avant Global Corp

BeyondSquare Solutions secures $4 million in Series A funding led by Avant Global Corp

16 Sep 2025, 13:42 PM

The Bengaluru-based startup will use the fresh capital to strengthen the core capabilities of its flagship product - FinAlyzer.

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

12 Sep 2025, 20:06 PM

The RBI said, in an order dated September 10, 2025, a penalty was imposed on PhonePe for non-compliance with certain norms related to PPIs.

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

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

11 Sep 2025, 18:02 PM

Around 1,000 employees from the company's 12,000-strong workforce are currently eligible to participate in this buyback initiative.

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

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

11 Sep 2025, 12:55 PM

The company’s assets under management (AUM) stood at Rs 18,985 crore as on March 31, 2025 as compared to Rs 13,303 crore in the previous financial year.

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

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

10 Sep 2025, 15:41 PM

Existing investors including DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and Nvidia also participated in the funding round.

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

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

09 Sep 2025, 11:10 AM

The funding round was raised at a valuation over $10 billion, more than double the valuation of $4 billion earlier this year.

OpenAI to launch AI-powered hiring platform

OpenAI to launch AI-powered hiring platform

05 Sep 2025, 11:55 AM

OpenAI will start offering OpenAI Certifications for different levels of AI fluency.

ADIA sells entire stake in MobiKwik

ADIA sells entire stake in MobiKwik

02 Sep 2025, 12:43 PM

ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.

Vertiv acquires Generative AI software firm Waylay

Vertiv acquires Generative AI software firm Waylay

01 Sep 2025, 15:11 PM

The acquisition is part of Vertiv's continued investment in AI-driven monitoring and control technologies.

Tessolve raises $150 million from TPG

Tessolve raises $150 million from TPG

01 Sep 2025, 12:55 PM

The Bengaluru-based startup will use the fresh capital to expand global delivery centers, build advanced test labs, pursue acquisitions, and strengthen R&D.

What India

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

01 Sep 2025, 12:02 PM

In today’s edition, we uncover the messy underbelly of India’s gaming ban and its deep ties to UPI; and can RBI’s FREE-AI framework finally push finance into the AI age?

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

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

01 Sep 2025, 11:45 AM

We dig into the payments ambitions of IRCTC; and the curious haste with which some social media “gurus” are declaring entire professions dead because of AI.

Fintech founders shaping policy; India on AI map?

Fintech founders shaping policy; India on AI map?

01 Sep 2025, 11:41 AM

In today's newsletter we have our take on Sahil Kini's shift from startup founder to policymaker, and India's journey towards potentially becoming the third pole in the AI universe.

Stock broker Groww gets Sebi nod for $1 billion IPO

Stock broker Groww gets Sebi nod for $1 billion IPO

28 Aug 2025, 23:13 PM

The markets regulator has given approval to Groww's IPO papers, which the platform had filed confidentially in May.

Arohan Financial Services appoints Milind Nare as Deputy CEO, Ketan Agrawal as Deputy CFO

Arohan Financial Services appoints Milind Nare as Deputy CEO, Ketan Agrawal as Deputy CFO

26 Aug 2025, 17:08 PM

Along with the new role. Nare will continue as the company's Chief Financial Officer (CFO).

Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

26 Aug 2025, 12:40 PM

The lawsuit is a build up to the long drawn dispute between Musk and OpenAI's Sam Altman.

Fintech Highlights

  1. RBI secures massive Mumbai land deal to house new office

  2. BeyondSquare Solutions secures $4 million in Series A funding led by Avant Global Corp

  3. Pelocal bags $5 million in Series A funding

  4. Pine Labs gets SEBI nod for IPO

  5. RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses
  6. Read more news...

AI/Emerging Tech

  1. OpenAI ropes in xAI's former CFO as business finance officer

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

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

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

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