L&T to Construct Bridge Over Brahmaputra
India’s leading engineering and construction company, Larsen & Toubro (L&T), has secured a large contract to construct the country’s longest road bridge across the river Brahmaputra, connecting Dhubri in Assam to Phulbari in Meghalaya. The project is being financed by the Japan International Cooperation Agency (JICA) and will be executed by L&T Construction, the construction […]
Yamaha’s $40M Investment in E-Scooter Firm River
River, a Bengaluru-based electric scooter startup, has raised $40 million in a Series B funding round led by Yamaha Motor Corp and other investors. The company plans to use the funds to expand its distribution and service network across the country, as well as for research and development of its future products. River’s Indie e-scooter […]
10-Year Jail Term for Leaking UPSC, SSC, Railway Exam Papers
The Public Examinations (Prevention of Unfair Means) Bill, 2024, introduced in the Lok Sabha on Monday, proposes stringent penalties for question paper leaks in exams conducted by UPSC, SSC, Railway and other agencies. The bill aims to bring greater transparency, fairness and credibility to the public examination systems and to reassure the youth that their […]
ED Investigates Paytm and Bank Unit Over Currency Transactions
The Enforcement Directorate (ED), India’s financial crime-fighting agency, is probing if Paytm and its payments bank violated foreign exchange rules, according to two senior government sources. What are the allegations? The sources, who spoke to Reuters on condition of anonymity, did not specify which provisions of the Foreign Exchange Management Act (FEMA) were being investigated. […]
LIC Launches Unit Linked Policy: Index Plus
Life Insurance Corporation of India (LIC), the largest life insurer in the country, has launched a new product called LIC Index Plus, a unit linked, regular premium, individual life insurance plan. The product is available for purchase from February 6, 2024, as per a BSE notification by LIC on February 5. LIC’s Index Plus is […]
TCS’s AI and ML Solutions for Europ Assistance’s IT Model
Europ Assistance, a leading global assistance and travel insurance company, has chosen Tata Consultancy Services (TCS) as its transformation partner to reimagine its IT operating model. The new deal will enable Europ Assistance to enhance its resilience, scalability and user experience with the help of TCS’s artificial intelligence (AI) and machine learning (ML) solutions. TCS’s […]
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 […]
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 […]