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Fintech platform Juspay acquires LotusPay in all-cash deal

Feb 6, 2024

New Delhi, Feb 6 (IANS) Payments infrastructure company Juspay on Tuesday announced the acquisition of LotusPay in an all-cash deal. The financial details were not disclosed.Juspay provides payments solutions for leading companies in various sectors such as banking, financial services and insurance (BFSI), e-commerce, travel, fintech and airlines,…

Paytm denies being in talks with Jio Financial Services to sell wallet business

Feb 6, 2024

New Delhi, Feb 6 (IANS) Jio Financial Services has clarified that the company has not been in discussions to acquire Paytm wallet. Jio Financial Services gave the clarification following reports which the company said were speculative.Paytm…

Business

Bengaluru-based EV startup River raises Rs 335 cr led by Yamaha Motor

Feb 6, 2024

New Delhi, Feb 6 (IANS) Bengaluru-based EV startup River on Tuesday said it has raised $40 million (about Rs 335 crore) in a Series B round led by Yamaha Motor Co.The round also saw participation from existing investors Al-Futtaim…

Business

HDFC gets RBI nod to acquire 9.5% stake in IndusInd Bank

Feb 6, 2024

Mumbai, Feb 6 (IANS) The Reserve Bank of India (RBI) has approved HDFC Bank's proposal to acquire an up to 9.5 per cent stake in IndusInd Bank."Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to inform you that the…

Business

Microsoft partners news website Semafor for AI-assisted stories

Feb 6, 2024

San Francisco, Feb 6 (IANS) Microsoft has announced its partnership with media platform Semafor and other news organisations to help journalists work with generative artificial intelligence (AI) to produce content.Microsoft said that…

Business

Google to face antitrust trial over ad tech monopoly in US

Feb 6, 2024

San Francisco, Feb 6 (IANS) Google will face another antitrust trial in the US, this time over its ad tech policies. The ad tech trial will begin in the US state of Virginia from September 9.In January last year, the US Department of…

Business

US stocks fall after Fed Chair Powell says central bank not yet ready to cut rates

Feb 6, 2024

New York, Feb 5 (IANS) US stocks fell on Monday after Federal Reserve Chair Jerome Powell said on Sunday that the central bank is not ready to cut interest rates yet, a media report said.“We want to see more evidence that inflation is…

Business

One97 Communications denies reports of probe for violation of foreign exchange rules

Feb 6, 2024

New Delhi, Feb 5 (IANS) One97 Communications Limited has reiterated that the company and its associate Paytm Payments Bank Limited are not the subject matter of any investigation for violation of foreign exchange rules.One97 Communications…

Business

Dhankhar to open World Sustainable Development Summit

Feb 5, 2024

New Delhi, Feb 5 (IANS) The World Sustainable Development Summit (WSDS) will be inaugurated by Vice-President Jagdeep Dhankhar on Tuesday here, an official said on Monday.Joining him at the inaugural ceremony will be, among others, Prime…

Business

I’ve been moving mountains for months to make the payroll: Byju Raveendran

Feb 5, 2024

New Delhi, Feb 5 (IANS) Byju Raveendran, Founder and CEO of embattled edtech company Byju's, has told employees that he has been moving mountains for months to make payroll and this time, "the struggle was even bigger to ensure that you…

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