Disney, RIL Sign Deal: Viacom18 Merges with Star India
In a landmark agreement, Disney and Reliance Industries Limited (RIL) have announced the signing of binding definitive agreements to form a joint venture (JV) that will combine the businesses of Viacom18 and Star India . The deal, which has been in the works for months, will create a media behemoth across TV broadcasting, streaming, movies […]
Paytm Fined ₹5.49 Crore by FIU
The Financial Intelligence Unit-India (FIU-IND) has imposed a penalty of ₹5.49 crore on Paytm Payments Bank Ltd (PPBL) for violating its obligations under the Prevention of Money Laundering Act (PMLA), the Ministry of Finance said in a release. This is the latest setback for the digital payments giant, which is also facing regulatory scrutiny from […]
RBI Okays Amazon Pay as Payment Aggregator
Amazon Pay, the digital payments arm of ecommerce giant Amazon India, has received a payment aggregator (PA) licence from the Reserve Bank of India (RBI), strengthening its merchant payments business. It can now offer online merchant payment services and has 6.6 crore wallets with operational revenue of Rs 2,093 crore in FY23. What is a […]
Jana Small Finance Bank, Dvara Money partner : Digital Banking
Jana Small Finance Bank Limited (Jana SFB) and Dvara Money (DM), a technology-driven financial solutions platform, have announced a strategic partnership to facilitate digital banking services for the Bharat segment. The collaboration will leverage DM’s Spark Money platform and Jana SFB’s technological capabilities to offer improved user experiences and UPI functionalities. Spark Money platform Spark […]
RBI updates Bharat Bill Payment System for Better Efficiency
The Reserve Bank of India (RBI) has introduced a new framework called the Bharat Bill Payment Systems Directions, 2024, to simplify and make the system of bill payments more seamless and enhance customer protection. The fresh directive is applicable to NPCI Bharat Bill Pay Limited (NBBL), a wholly owned subsidiary of National Payments Corporation of […]
ICICI Lombard: Now ICICI Bank’s Insurance Arm
ICICI Bank makes ICICI Lombard its subsidiary ICICI Bank, India’s second-largest private sector lender, has acquired an additional stake in ICICI Lombard General Insurance, making it a subsidiary company. The bank has bought 1.06 crore shares of the insurer for Rs 1,787 crore in two tranches through open market transactions. Here are the details of […]
XHelper App: China’s Silent Scam Network Exposed
XHelper is a malicious Android app that has been found to be the axis of a global money laundering network. It is used by Chinese cybercriminals to recruit and manage money mules in India, who are then used to transfer funds acquired through various scams, such as loan scams, e-commerce scams, illegal gambling apps, etc. […]
Walko Food Secures $20M Funding from Jungle Ventures
Pune-based Walko Food, known for its creamy NIC and Cream Pot brands, has whipped up a refreshing $20 million growth funding from Singapore’s Jungle Ventures. This marks Jungle’s second investment in Walko within a year, solidifying their belief in the company’s potential to become a major player in the rapidly churning Indian ice cream industry. […]
Yamaha RX100 New Version Reportedly Coming to India
Yamaha RX100 is one of the most iconic motorcycles in India, known for its sleek design, powerful performance and distinctive sound. The bike was discontinued in 1996, but it still has a loyal fan base among enthusiasts. Now, there are reports that Yamaha is planning to bring back the RX100 in a new avatar, with […]
HDFC Life Provides Health Cover for Overseas Indian Students
HDFC Life International, a subsidiary of HDFC Life, one of India’s leading life insurance companies, has launched a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’. The plan is designed for students who are presently pursuing higher education abroad or aspire to pursue higher international education in the […]