Cloud Power: AWS and Crayon’s New Incubation Hub for Startups in Bengaluru
AWS and Crayon are committed to accelerating the development of these ISVs, aiding them to become members of the AWS Partner Network (APN), a global community that includes more than 100,000 partners across 150 countries.
Himachal’s Green Leap: ₹680 Crore Startup Scheme Unveiled
The Himachal Pradesh government has launched an ambitious ₹680 crore startup scheme as part of its green initiatives to generate employment, particularly for the youth.
Navigating New Norms: How RBI’s Clampdown on Unsecured Loans Affects Fintechs
Fintech firms have been actively involved in consumer lending, sanctioning almost Rs 30,000 crore for consumption loans between 2015 and 2022.
The Business of Free: Unpacking UPI Payment Firms’ Revenue Models
Paytm’s total merchant GMV in Q3 FY 2023 was ₹3.5 lakh crore, a year-over-year growth of 38%. They focus on payment volumes that generate profitability either through net payments margin or from direct upsell potential.
Aadhaar Under Attack: The 815 Million Record Breach
In what is being termed as a watershed moment in India’s digital history, the Aadhaar data breach involving 815 million records has raised serious questions about national cybersecurity.
Indian Overseas Bank Unveils Rs 500 Crore Startup Lending Portfolio
They are targeting a startup portfolio of Rs 500 crore in the first year of operations in FY25. Following the launch in Chennai, IOB plans to expand these specialized startup branches to other major Indian cities like Bengaluru, Hyderabad, and Mumbai.
India’s Green Hydrogen Boom: Projected $22 Billion Market by 2030
The government expects investments totaling 8 trillion Indian rupees ($96.65 billion) in the green hydrogen sector by 2030.
Revitalizing Retail: FMCG’s New Growth Strategies for Kirana Stores in 2023
Rural India’s consumption growth revival is being led by the southern (2.8%) and eastern (3%) zones, while urban India continues to drive value growth with a 5.3% increase in Q1 2023 across food and non-food categories.
Arcil in the Forefront for IDBI Bank’s ₹8,842 Crore Non-Performing Assets
In a significant development in India’s banking sector, a consortium of investors, including the notable Asset Reconstruction Company India Limited (Arcil), has expressed interest in acquiring the distressed assets of IDBI Bank, amounting to a staggering ₹8,842 crore.
Alipay’s Strategic Exit: Selling $395M Stake in Zomato
Alipay, a unit of the Chinese conglomerate Ant Group, is set to offload its entire 3.4 percent stake in Zomato. This translates to a massive sale of approximately 296 million shares. The shares, according to market sources, are priced at ₹111.28 each, aiming to raise a substantial sum of ₹3290 crore, equivalent to about $395 million.