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SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm-thumnail

SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm

SoftBank had cumulatively invested around $2.2 billion in these three companies (Paytm, Policybazaar, and Delhivery) and offloaded shares worth $560 million at their initial public offerings (IPO). This means that

Finance

Nov 17, 2022

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government-thumnail

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government

The disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.

Finance

Nov 17, 2022

Contentstack, content management, and experience platform raises $80 million in funding-thumnail

Contentstack, content management, and experience platform raises $80 million in funding

Founded in 2018 by Neha Sampat and Nishant Patel, Contentstack provides content management systems (CMS) to enterprises. It equips businesses with one central content hub and helps them provide a

Education

Nov 16, 2022

KarmaLife associates with Repute to deliver reasonable financial services-thumnail

KarmaLife associates with Repute to deliver reasonable financial services

KarmaLife is a financial service provider to contract-based workers, which has asserted cooperation with Repute. This partnership will allow KarmaLife to connect to a Human Resource Management System supported by

Finance

Nov 15, 2022

Mukesh Ambani is competing to purchase Liverpool FC of the English Premier League-thumnail

Mukesh Ambani is competing to purchase Liverpool FC of the English Premier League

Reliance Industries Ltd. Chairman Mukesh Ambani at the India Mobile Congress 2022 on Saturday, October 1, 2022 in New Delhi, India. The debut of 5G services in India was announced

Enterprise Service

Nov 14, 2022

<strong>According to the company’s founders, Razorpay can go public in a few years without obtaining further financing.</strong>-thumnail

According to the company’s founders, Razorpay can go public in a few years without obtaining further financing.

Razorpay, the winner of the Startup of the Year category at the ET Startup Awards 2022, has already exceeded its annual gross transaction value (GTV) target of $90 billion for

Finance

Nov 14, 2022

<strong>Paytm is ‘on the right track to profitability,’ according to CEO Sharma, as loan disbursements increased 387% in October.</strong>-thumnail

Paytm is ‘on the right track to profitability,’ according to CEO Sharma, as loan disbursements increased 387% in October.

Paytm’s loan disbursement value increased 387% year on year to 3,056 crore, while the number of loans disbursed increased 161%. In a letter to shareholders, Paytm CEO Vijay Shekhar Sharma

Finance

Nov 14, 2022

<strong>In his memoir ‘Doglapan,’ Ashneer Grover writes about the ‘amazing brutal truth of his life and startup.’</strong>-thumnail

In his memoir ‘Doglapan,’ Ashneer Grover writes about the ‘amazing brutal truth of his life and startup.’

Ashneer Grover is the co-founder and former CEO of BharatPe, an Indian fintech startup. This December, entrepreneur Ashneer Grover will release his memoirs, which he describes as “all about the

Education

Nov 11, 2022

Archean Chemical Industries IPO subscribed 86% on 2nd day of the subscription-thumnail

Archean Chemical Industries IPO subscribed 86% on 2nd day of the subscription

Archean produces and exports bromine, industrial salt, and sulphate of potash to customers around the world. It had a leadership position in the domestic bromine merchant sales (43 percent market

Finance

Nov 10, 2022

<strong>Cryptocurrency platform FTX’s CEO requests $8 billion in emergency funding from investors.</strong>-thumnail

Cryptocurrency platform FTX’s CEO requests $8 billion in emergency funding from investors.

The CEO reportedly made the request to investors in a Nov. 9 call where he outlined ways to help solve FTX’s financial woes, according to a report in the Wall

Finance

Nov 10, 2022

<strong>How will PhonePay gain from allowing customers to activate UPI with Aadhar?</strong>-thumnail

How will PhonePay gain from allowing customers to activate UPI with Aadhar?

The Aadhar-based e-KYC flow has now streamlined the registration onboarding procedure. Previously, in the UPI onboarding flow, a debit card was required to set up a user’s UPI PIN for

Digital Transformation

Nov 10, 2022

Cryptos seek to maintain stability as the Binance-FTX merger chills the market-thumnail

Cryptos seek to maintain stability as the Binance-FTX merger chills the market

Bitcoin, the most valuable cryptocurrency by market capitalization, was down 2% at $18,250, following a 10% drop on Tuesday that marked its worst day since mid-August. Ether, the next largest

Digital Transformation

Nov 9, 2022


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