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 […]
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 […]
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 […]
Rolls-Royce Extends Contract with TVS Supply Chain Solutions
Rolls-Royce, a global leader in technology and innovation, has announced that it has extended its contract with TVS Supply Chain Solutions (TVS SCS), a global supply chain solutions provider, for five years until 2029. The contract extension pertains to the advanced Parts Distribution Centre (PDC) located in Singapore, which serves the Asia Pacific markets for […]
Amazon Delivery Now at 4,500 Feet in Uttarakhand
Amazon Delivery service, the e-commerce giant, has achieved a remarkable feat by delivering packages to Gajoli, a remote village in the Uttarkashi district of Uttarakhand. According to the company, it has become the first and only e-commerce company to deliver packages to Maharishi Ashram at Gajoli, situated at 4,500 feet in the Himalayan mountain range […]
EV Startup Vidyut Raised $10M by 3one4 Capital
Vidyut, an electric vehicle (EV) financing startup, has raised $10 million in its Series A round of funding, led by 3one4 Capital. The company plans to use the funds to expand its presence to 40 cities and offer a full-stack ecosystem for EV owners, including insurance, resale, servicing and maintenance. Vidyut was founded in 2021 […]
Bajaj Allianz Inaugurates New Office in Ayodhya, UP
Bajaj Allianz, one of the leading private insurance companies in India, has opened a new office in Ayodhya, Uttar Pradesh, to provide comprehensive insurance solutions to the customers in the city and nearby areas. The new office was inaugurated on 20th February 2024 by Mr. Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance, […]