Revolutionising Financial Transactions: M2P Fintech’s Prabhu Rangarajan
Prabhu Rangarajan is the co-founder and chief operating officer of M2P Fintech, a company that is changing the world with its innovative and winning financial solutions. M2P Fintech provides a digital infrastructure that enables banks, lenders, fintechs and other financial services players to offer seamless and personalised experiences to their customers. In this interview, Prabhu […]
J&K’s Interim Budget of Rs 1.18L Cr Proposed by Sitharaman
The Union Territory of Jammu and Kashmir (J&K) has received an interim Budget of Rs 1.18 lakh crore for the fiscal year 2024-25, as proposed by Finance Minister Nirmala Sitharaman in Parliament on Monday. The interim Budget is expected to enhance the development and security of the UT, which was bifurcated from the erstwhile state […]
Slice Launches UPI First Account Product for All
Slice, India’s leading fintech startup, has launched its UPI first account – slice account, a prepaid account that offers a seamless and fast UPI payment experience. The slice account has been made accessible to everyone, including teenagers, after a successful three-month beta testing period. What is slice account? The slice account is a UPI first […]
Hyundai Eyes $3B India IPO, Estimated Valuation of $25-30B
Hyundai Motor Co, the South Korean automaker, is considering listing its Indian unit in the country’s booming IPO market, according to two sources who have been briefed on the matter. Hyundai Motor India is in early stage talks for the initial public offering and has held discussions with several banks, the sources said. India’s largest […]
Paytm’s Market Value Drops $2.5 Billion Post-RBI Crackdown
Paytm, India’s leading digital payments firm, has seen its market value erode by $2.5 billion since the Reserve Bank of India (RBI) cracked down on its payments bank arm over multiple violations of licensing conditions and anti-money laundering rules . The company’s shares have hit the lower circuit for three consecutive days, closing at Rs […]
Singapore Centre Denies Sony’s Plea Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected Sony’s request to stop Zee Entertainment from pursuing the merger scheme that was cancelled by the Japanese media giant. Zee Entertainment has approached the National Company Law Tribunal (NCLT) in India to enforce the merger that was approved by the same tribunal in August 2023. Background of […]
Crisil Upgrades Adani Power’s Bank Loan Rating
Adani Power Limited (APL), India’s largest private power producer, has received a rating upgrade from Crisil Ratings, a leading credit rating agency, on its Rs 38,000 crore of bank loan facilities. The rating has been upgraded to ‘AA-‘ from ‘A’ with a stable outlook, reflecting the strong improvement in the business and financial risk profiles […]
11.48 Cr PANs Unlinked: Govt Collects Rs 600 Cr in Penalties
The Permanent Account Number (PAN) is a unique identification number issued by the Income Tax Department to taxpayers in India. The Aadhaar is a 12-digit biometric identity number issued by the Unique Identification Authority of India (UIDAI) to residents of India. The government has made it mandatory to link PAN with Aadhaar for filing income […]
Class 1-8 Students to Get Free Sweaters, Bags by UP Govt
The Uttar Pradesh government has announced a budget allocation of Rs 1,000 crore for providing free sweaters, shoes, socks and bags to over 2 crore students of classes 1 to 8 in government schools. The scheme aims to encourage education and improve the infrastructure of primary schools in the state. According to Finance Minister Suresh […]
KSRTC Rolls Out 100 ‘Ashwamedha Classic’ Buses
The Karnataka State Road Transport Corporation (KSRTC) has launched 100 new non-AC buses, branded as ‘Ashwamedha Classic’, for point-to-point express service between Bengaluru and Mysuru. The buses were inaugurated by Chief Minister Siddaramaiah on February 5, 2024, in front of the Vidhana Soudha in Bengaluru. The new ‘Ashwamedha Classic’ buses have a height of 3.42 […]