Sensex, Nifty trade lower on negative global cues
Mumbai, May 29 (IANS) Indian equity benchmarks opened in red on Wednesday following negative global cues from Asian peers. Sensex was down 414 points or 0.56 per cent, at 74,757 and Nifty was at 22,765, down 122 points or 0.53 per cent. Midcap and smallcap stocks are performing better compared to largecap. The Nifty midcap […]
Report on acquiring a stake in Paytm totally false: Adani Group
New Delhi, May 29 (IANS) The Adani Group on Wednesday categorically denied a media report which claimed that the company is going to acquire a stake in digital payments company Paytm. A media report earlier claimed that the Adani Group was in talks with Paytm to acquire a stake in the fintech company, owned by […]
Industry hails RBI’s 3 new initiatives to bolster fintech sector
New Delhi, May 29 (IANS) The fintech industry leaders on Wednesday hailed the three major initiatives of the Reserve Bank of India (RBI) which include the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository. The repository will provide a centralised platform for fintech entities to document and share their technological implementations and […]
Muthoot Pappachan Group announces Shah Rukh Khan as new brand ambassador
New Delhi, May 29 (IANS) Muthoot Pappachan Group (MPG), a 137-year-old leading business conglomerate in India, popularly known as Muthoot Blue, on Wednesday announced Shah Rukh Khan as its brand ambassador. This strategic collaboration represents a significant milestone for MPG, reinforcing its brand presence and a new way of connecting with a diverse audience across […]
Fintech startup BharatX acquires Zenifi to enter medical lending market
New Delhi, May 29 (IANS) Y-Combinator-backed BNPL fintech startup, BharatX on Wednesday announced that it has acquired healthcare finance startup Zenifi to enter the medical lending segment. As part of the deal, the co-founder and CEO of Zenifi, Padam Kataria, will join BharatX as the Head of Business — Healthcare. He will work on building […]
Pluckk clocks Rs 100 cr ARR, aims to double revenue in 12 months
Mumbai, May 29 (IANS) Pluckk, a pioneering digital lifestyle-oriented fresh food brand, has concluded FY24 with an Annualised Revenue Runrate (ARR) of Rs 100 crore. Operating in major cities like Delhi, Mumbai, Bangalore and Pune, Pluckk is available on over eight marketplace platforms, connecting farmers to half a million homes and delivering over 2 million […]
17 teams emerge as winners in ‘Build for Bharat’ initiative by ONDC, others
Bengaluru, May 29 (IANS) Seventeen teams emerged as winners in the ‘Build for Bharat’ initiative, launched by the government’s Open Network for Digital Commerce (ONDC), in collaboration with Startup India, Google Cloud India, Antler in India, Protean and Paytm, it was announced on Wednesday. Launched on December 4, 2023 across more than 50 cities, the […]
RBI warns ARCs over evergreening distressed assets
Mumbai, May 29 (IANS) The RBI has found several instances of Asset Reconstruction Companies, which have been set up to recover NPAs of banks, not fulfilling their role but instead using innovative ways to structure transactions in order to circumvent regulations. The RBI has sent a clear message to ARC chiefs that they must follow […]
Robotics firm DiFACTO raises Rs 40 cr from Stakeboat Capital
New Delhi, May 29 (IANS) Robotics and automation solutions provider DiFACTO on Wednesday said it secured Rs 40 crore from private equity firm Stakeboat Capital in its Series A round. The funds will be used to fuel the company’s growth and strengthen its market position. “India’s automotive industry is one of the many areas that […]
Deepika tops IMDb’s 100 Most Viewed Indian Stars, SRK in second place
Mumbai, May 29 (IANS) Bollywood actress Deepika Padukone, who will be soon seen in ‘Singham Again’ and ‘Kalki 2898 AD’ has topped the IMDb list of Top 100 Most Viewed Indian Stars of the Last Decade. Following her is the actor opposite whom she made her debut with ‘Om Shanti Om’, Bollywood megastar Shah Rukh […]
