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Posted in Fintech

Fino Payments Bank Appoints Rajat Kumar Jain as Part-Time Chairman Amid Digital Expansion

by SA TeamPosted on

Three points you will get to know in this article: Fino Payments Bank, headquartered in Mumbai, has secured the nod from the Reserve Bank of India (RBI) to appoint Rajat Kumar Jain, the former managing director of Xerox India and Walt Disney India, as its part-time chairman. This significant appointment coincides with Fino Payments Bank’s strategic focus on digital expansion…

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Posted in AutomobileBusiness

Seafund Ventures into EV and Clean Mobility: Backs Five Deeptech Startups

by SA TeamPosted on

Three points you will get to know in this article: Seafund, a budding venture capital enterprise in its early stages, is in the process of raising its second fund, aiming for a substantial corpus of INR 250 Crores. The firm has recently thrown its support behind five innovative deeptech startups, channeling a total investment of INR 5 Crores into these…

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Posted in Education

BYJU’S Responds to ED Show Cause Notices, Describes Them as Technical

by SA TeamPosted on

Three points you will get to know in this article: BYJU’S, the prominent edtech decacorn, responded on Wednesday (November 29) to show cause notices from the Enforcement Directorate (ED), describing them as ‘purely technical’ and expressing confidence in effectively addressing the issue. ED Queries and BYJU’S Compliance In an official statement, the company clarified that the ED’s inquiries mainly stem…

Ninjacart-rthnam
Posted in Daily FeedsFintech

Ninjacart’s Rathnam Leads Agri Panel at IAMAI; WhatsLoan’s Gouda Joins as Co-Chair

by SA TeamPosted on

Three points you will get to know in this article: The Internet and Mobile Association of India (IAMAI), dedicated to championing the interests of internet and technology companies, has enlisted seasoned leaders from Ninjacart and WhatsLoan to spearhead its recently established Agritech Panel. In this exciting development, Pradeep Rathnam, the accomplished fintech head at Ninjacart, assumes the esteemed role of…

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Posted in FinanceFintech

Jio Financial Requests RBI Approval to Transition from NBFC to Core Investment Company

by SA TeamPosted on

Three points you will get to know in this article: Jio Financial Services (JFS), recently separated from Reliance Industries Ltd (RIL), has formally approached the Reserve Bank of India (RBI) to undergo a transformation from a non-banking financial company (NBFC) to a core investment company (CIC), as mandated by regulatory requirements. The Rationale Behind the Shift Having successfully debuted on…

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Posted in BusinessDaily Feeds

Zomato Shares Open Flat as Tax Authorities Issue Notice to Food Delivery Firms

by SA TeamPosted on

Three points you will get to know in this article: Zomato’s stocks had an uneventful start on Thursday (November 23) amid reports of tax notices served to both Zomato and Swiggy for alleged non-payment issues in the realm of food delivery aggregation. Closing at INR 115.25 on the preceding day (November 22), Zomato’s shares exhibited a neutral performance. By 9:20…

PhysicsWallah
Posted in Daily FeedsEducation

Edtech Unicorn PhysicsWallah Lays Off Approximately 120 Employees

by SA TeamPosted on

Three points you will get to know in this article: PhysicsWallah, the prominent Ed-Tech unicorn, recently underwent a restructuring phase resulting in the departure of approximately 70-120 team members. Although external reports attribute this to a cost-cutting initiative, the company asserts that these workforce adjustments were prompted by performance-related considerations. Satish Khengre, the Chief Human Resources Officer at PhysicsWallah, shed…

ONDC
Posted in Ecommerce

Festive Sale and Cricket Mania Propel ONDC Order Volume to 12 Lakh During Diwali Week

by SA TeamPosted on

Three points you will get to know in this article: Taking advantage of the joyful holiday spirit, the government-supported Open Network for Digital Commerce (ONDC) proudly logged an impressive 1.2 million transactions from November 6 to November 13, as revealed by exclusive ONDC data accessed by Inc42. Earlier this year, ONDC emphasized its aspiration for a daily transaction count of…

stocks
Posted in BusinessDaily Feeds

Mixed Week for New-Age Tech Stocks; CarTrade Emerges as Biggest Winner After Q2 Earnings

by SA TeamPosted on

Three points you will get to know in this article: After experiencing a notable surge in the previous week, the performance of Indian new-age tech stocks showed a diverse outcome this week, mirroring the overall market’s subdued response to global uncertainties. Out of the 18 new-age tech stocks monitored by Inc42, eleven demonstrated gains ranging from 0.4% to an impressive…

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