Crypto Regulation Mechanism: Centre’s Final Decision Pending, Supreme Court Informed
The Centre has told the Supreme Court that it is yet to take a decision on a mechanism to regulate cryptocurrencies and effectively investigate related offences. A bench of justices Surya Kant and KV Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency […]
Drivers4Me: The App Where Dependable Drivers Meet the Road
Are you looking for a reliable and professional driver for your car? Do you want to enjoy the comfort of your own vehicle without the hassle of driving yourself? If yes, then Drivers4Me is the app for you. Drivers4Me is an online driver services platform, operating 24×7 to provide car drivers for hiring. Whether you […]
Gen AI: EY Predicts Adoption by 70% Indian Retailers
Artificial intelligence (AI) is transforming the retail sector in India, as more than 70% of retailers plan to adopt Gen AI over the next 12 months, according to a new survey by EY. Gen AI refers to the use of AI across the entire value chain, from product design and manufacturing to customer service and […]
Jio Financial Services Launches Laptop, Phone, Airfiber Rentals
Jio Financial Services, a subsidiary of Reliance Industries, has launched a new service that allows businesses to rent laptops, phones, airfiber and other tech devices. The service, called Device as a Service (DaaS), is a corporate financing model that aims to improve cash flow and IT fleet management for companies. What is DaaS? DaaS is […]
ZestMoney Acquired by DMI Group in Strategic Move
In a surprising turn of events, the DMI Group, a pan-India financial services platform, announced the acquisition of ZestMoney, a leading buy now pay later (BNPL) startup, on January 17, 2024. The deal is said to be a fire sale, as ZestMoney had shut down its operations in December 2023 due to funding crunch and […]
FinAGG’s $11M Series A: Blue Orchard, Tata Capital Lead
FinAGG Technologies, a fintech startup that provides working capital solutions to micro, small and medium enterprises (MSMEs), has raised $11 million in a Series A funding round co-led by global impact investment manager BlueOrchard and Tata Capital Limited. Small Industries Development Bank of India (SIDBI), and existing investor Prime Venture Partners also participated. About FinAGG […]
Amazon Receives CCPA Notice for ‘Shri Ram Mandir’ Sweets Sale
Amazon, the e-commerce giant, has been issued a notice by the Central Consumer Protection Authority (CCPA) for allegedly engaging in deceptive trade practices by selling sweets with misleading claims of ‘Sri Ram Mandir Ayodhya Prasad’. The action was initiated based on a complaint by the Confederation of All India Traders (CAIT), who accused Amazon of […]
NPS Ditching States: Employee Corpus Continues Earning Returns
The National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme that offers a range of investment options to its subscribers. The scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and aims to provide financial security to the citizens of India in their old age. However, some of the […]
LIC’s Jeevan Dhara II: A New Era of Deferred Annuity Plans
The Life Insurance Corporation of India (LIC) has launched a new individual, savings, deferred annuity plan called Jeevan Dhara II. The plan was unveiled by LIC Chairperson Siddhartha Mohanty on January 19, 2024, and will be available for sale from January 22, 2024. The plan offers a range of benefits and features to suit the […]
Akasa Air to Initiate Flights from Noida International Airport
Akasa Air, the new low-cost airline backed by billionaire investor Rakesh Jhunjhunwala, has announced its plan to start flights from the upcoming Noida International Airport (NIA), also known as Jewar Airport, in Uttar Pradesh. The airline has signed a memorandum of understanding (MoU) with NIA on Friday, becoming the second carrier to partner with the […]