Paytm Crisis – Softbank Sells Remaining Paytm Stake, Incurs $150 Mn Loss
Japanese Softbank Vision Fund has exited from the Indian fintech major Paytm, with a loss of approximately $150 million.
India
Stay updated on the latest developments in startups, business, and technology across India. Get breaking news, in-depth reporting, and expert analysis on entrepreneurship, innovation, and emerging trends.
BharatPe Fraud – High Court Frees-Up INR 80 Cr Deposit as Ashneer Grover, Madhuri Jain Return to India
Back in May, the Delhi High Court ordered Ashneer Grover and Madhuri Jain to deposit a security amount of INR 80 crore as a condition for allowing them to travel to the United States.
Senior Advocate makes shocking claim stating China’s involvement in Hindenberg report on Adani
Mahesh Jethmalani, a senior advocate, on Thursday alleged a "China Link" in the preparation of the Hindenburg report citing a notice from SEBI.
Mamaearth partners with Reliance Retail – Accessing over 1000 offline stores
Honasa Consumer Limited which owns Mamaearth, its flagship brand and one of the fastest-growing personal care brands in India, has partnered with Reliance Retail.
Bombay High Court issues notice to Government on jailed ex-BrahMos engineer’s appeal
The Nagpur bench of the Bombay High Court has reportedly issued a notice to the State government on a plea by the jailed ex-BrahMos engineer Nishant Agrawal.
Subko Coffee Roasters scores $10 Mn funding from Zerodha’s Nikhil Kamath, John Abraham, Gauri Khan family trust, and more
Mumbai-based Subko Coffee Roasters has recently raised a whopping $10 million in a funding round from Nikhil Kamath, The Gauri Khan Family Trust, John Abraham.
Ashneer Grover asks Zerodha CEO Nithin Kamath to take a break after the stroke
Zerodha co-founder and CEO Nithin Kamath lately revealed that he had been hit by a mild stroke six weeks back. Ashneer Grover shares some advice.
Paytm Update: ED questions Paytm before launching a formal investigation, Chinese FDI issue circles Paytm
Following RBI's actions against Paytm Payments Bank (PPBL), the Directorate of Enforcement (ED) is reportedly conducting a preliminary probe.
Bollywood actor Ranveer Singh invests in lifestyle brand boAt, becomes Brand Ambassador
Bollywood star Ranveer Singh reportedly invested an undisclosed sum in boAt, one of India's leading audio wearable brands.
Paytm Update: CEO Vijay Shekhar Sharma meets Finance Minister Nirmala Sitharaman amid RBI curb
Amid RBI's curb on Paytm Payments Bank Ltd (PPBL), Founder & CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman.
Paytm Update: Stocks jump 5 percent, Reliance Jio to acquire Paytm Wallet
Paytm witnessed a 42 percent fall in its stocks after RBI's curb. Today, Paytm shares were trading at a 5 percent increase. Jio is rumored to acquire Paytm wallet.
‘Paytm Nahi Karo’ – RBI imposes major restrictions on Paytm Payments Bank
RBI today announced that with effect from February 29, 2024, Paytm Payments Bank won't be allowed to accept deposits or top-ups in customer accounts.