Cyclone Michaung Forces Foxconn and Pegatron to Halt iPhone Production in Chennai Amid Heavy Rain

Three points you will get to know in this article: Adverse weather conditions caused by cyclone Michaung have temporarily halted the production of Apple iPhones at the manufacturing plants near Chennai, operated by Taiwan’s Foxconn and Pegatron. This delay, resulting from heavy rainfall, has affected the city’s crucial electronics and manufacturing hub. The downpour has led to submerged cars and…

Paytm: Biggest Loser in Lacklustre Week for New-Age Tech Stocks

Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…

BYJU’S Delays November Pay for 1K Staff – Technical Glitch

Three points you will get to know in this article: BYJU’S, the embattled edtech startup, has encountered a temporary delay in issuing the November salaries to approximately 1,000 team members due to an unforeseen technical hiccup. Promise of Salary Disbursement by Monday  The company, currently facing challenges, follows a salary cycle that resets at the commencement of each month. Despite…

Walmart-Backed PhonePe Entry into Consumer Lending

Three points you will get to know in this article: PhonePe, the digital payments unicorn, is poised to launch consumer lending services on its platform by January of the upcoming year. In a strategic move into the consumer lending arena, PhonePe, backed by Walmart, is set to commence operations initially as a facilitator for personal loans. According to a report…

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

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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