Indus PayWear: IndusInd Bank’s Complete Tokenised Wearable
IndusInd Bank has emerged as a frontrunner in the Indian fintech industry with the launch of Indus PayWear, unveiled on March 11, 2024. Indus PayWear represents a groundbreaking innovation – India’s first all-in-one tokenized wearable. This revolutionary technology empowers users to make secure contactless payments using their IndusInd Bank debit or credit cards, eliminating the […]
Slice Parent, North East Bank in CCI-Approved Deal
Landmark Fintech Consolidation Gets Regulatory Greenlight On March 12, 2024, the Competition Commission of India (CCI) granted its approval for the merger between Garagepreneurs Internet Private Limited (GIPL), the parent company of prominent fintech player Slice (valued at over $1 billion in 2021 funding rounds), and North East Small Finance Bank (NESFB). This crucial regulatory […]
Aurionpro Bags ₹100-Crore SBI Contract for iCashpro+ Platform
In a move that underscores Aurionpro’s position as a leading innovator in the Indian fintech industry, the company has secured a monumental ₹100 crore contract from State Bank of India (SBI), the country’s largest banking institution. This multi-year partnership signifies the deployment of Aurionpro’s next-generation cash management platform, iCashpro+, across SBI’s vast network. The implementation […]
Alliance Air Launches Bilaspur-Delhi, Kolkata Flights
Alliance Air, a subsidiary of Air India, has announced the commencement of operations on two new routes, connecting Bilaspur to Delhi and Kolkata. This strategic expansion aims to bolster regional connectivity and cater to the increasing demand for domestic travel Bilaspur-Delhi Route The Bilaspur-Delhi route is set to facilitate travel for both business and leisure […]
PM Inaugurates Gujarat Projects Worth Rs 1,06,000 Cr
Ahmedabad, March 12, 2024: Prime Minister Narendra Modi has today initiated a transformative era for Gujarat’s infrastructure by inaugurating and laying the foundation stone for projects worth over Rs 1,06,000 crores. This initiative is a significant step towards realizing the vision of a developed India. A Quantum Leap in Infrastructure The Dedicated Freight Corridor (DFC) […]
Adani Group Interested in Mumbai Airport Stake: Report
Adani Group, India’s second-largest airport operator through Adani Airports Holdings (AAHL), has set its sights on acquiring the remaining 26% stake in Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA). Currently, the AAI holds this stake, and AAHL is looking to take complete control of Mumbai International Airport (MIAL), which operates CSMIA. This news comes after […]
Bajaj Allianz Expands in Maharashtra with Wardha Office
Wardha, Maharashtra – Bajaj Allianz General Insurance’s latest branch in Wardha marks a significant milestone in the company’s strategic expansion across Maharashtra. This move is a testament to Bajaj Allianz’s dedication to making insurance more accessible to the people of Maharashtra and reflects its deep understanding of the unique insurance needs of the region’s residents. […]
RBI Tightens Regulations on P2P Credit Card Transactions
The Reserve Bank of India (RBI) has recently taken strict measures to curb the misuse of credit cards for peer-to-peer (P2P) payments through third-party service providers. This comes after the central bank found instances of customers using credit cards to pay rent and tuition fees via fintech apps that bypass the regulatory norms. The RBI […]
IIFCL Advocates Infrastructure Status for Space Sector
India Infrastructure Finance Company Limited (IIFCL), a state-owned infrastructure financing firm, has urged the government to classify the space sector as part of the infrastructure sector. This move would enable more private investment and innovation in the field of space technologies and services. IIFCL’s role in space financing According to IIFCL’s chairman, PR Jaishankar, the […]
Wipro and Nutanix Join Forces for Hybrid Cloud Innovation
Wipro, a leading technology services and consulting company, has expanded its partnership with Nutanix, a leader in hybrid multicloud computing, to launch a new Nutanix-focused business unit. The new business unit will leverage the industry expertise of Wipro FullStride Cloud with Nutanix Cloud Platform to offer joint solutions for enterprises that want to enhance their […]