BUSINESS
RuPay’s credit card market share rises to 12 percent in 2024, transaction volume growing 20% monthly
The cumulative monthly transaction value of Rupay is around Rs 14,000 crore a month, while the overall credit card network value is around Rs 1.8 lakh crore, which translates into a 7.5 percent market share
BUSINESS
Davos 2025: Apollo's next growth chapter to come from US, eying $500 million sales, says MD Neeraj Kanwar
The MD acknowledged the sluggish demand environment in India, with commercial vehicle and passenger car sales under pressure. However, he expressed optimism for a rebound in Q4 (FY25) and a stronger outlook heading into FY26.
BUSINESS
Paytm plans to rationalise overseas subsidiaries, eyes selective global expansion
During the earnings call, the management expressed optimism about achieving profitability (PAT) targets in the next 2-3 quarters.
BUSINESS
Davos 2025: Delhi can learn from Beijing’s success in tackling air pollution, says Dr Shyam Bishen
On questions around the rising trend of anti-aging movements, Dr Bishen stressed that a healthy lifespan, focused on prevention through lifestyle changes like nutrition and exercise, holds more value than chasing unproven longevity trends like plasma or gene therapy
BUSINESS
Davos 2025: India can take its AI-driven healthcare solutions to global South and beyond, says Dr Shyam Bishen
India’s experience with building digital public infrastructure, such as the Ayushman Bharat Digital Mission, provides a blueprint for addressing global healthcare challenges, Dr Bishen said.
BUSINESS
We are ‘resilient’ in every sense, plan to take BharatPe public in next 18-24 months: CEO
In an interview, CEO Nalin Negi outlines a focused strategy for BharatPe, including building consumer payments app, without being in the race for UPI market share, and hitting full-year Ebitda profitability in FY25.
TECHNOLOGY
Budget 2025: Healthtech startups urge creation of government-backed investment funds, AI and mental health push
While deeptech startups like BrainSight AI urge for government-backed funding to de-risk early-stage ventures, OrangeHealth calls for increased tax incentives for healthcare spending. Healthtech startup Dozee advocates for expanding the Production Linked Incentive (PLI) scheme to support health AI innovations.
BUSINESS
Dunzo’s Kabeer Biswas to head Flipkart Minutes
Biswas heading Flipkart Minutes is to give the Walmart-owned company an edge over other quick commerce majors as he has cut his professional teeth in the sector for over a decade, even before rapid delivery emerged as a hot sector only a few months ago.
BUSINESS
IRDAI to launch centralised digital repository for better oversight
The data repository, termed RARS, will consolidate regulatory actions such as penalties, orders, warnings, and advisories issued by the insurance regulator and facilitate detailed analysis of violations
BUSINESS
Dunzo's Kabeer Biswas may join Flipkart Minutes to lead operations
If talks go through, Biswas heading Flipkart Minutes is likely to give the Walmart-owned company an edge over other quick commerce majors as he has cut his professional teeth in the sector for over a decade, even before rapid delivery emerged as a hot sector only a few months ago.
BUSINESS
Former Omidyar Network executives set up Prana Ventures, a new VC firm
The firm will focus on early-stage investments in sectors such as Financial Inclusion, Education, Climate, Agriculture, Healthcare, MSMEs and other sectors that target the bottom 60% of India’s income pyramid.
BUSINESS
Aye Finance secures Rs 110-cr debt, nears deal with Goldman Sachs ahead of IPO
The Gurugram-based MSME lender looks to hit the primary market soon to raise Rs 1,450 crore from the initial share sale, Moneycontrol reported exclusively
BUSINESS
Fintech NBFCs: Karma of unsecured lending bites in 2024; face rising NPAs, crumbling asset quality
The RBI tightened the screws on unsecured lending in the last 15 months, compelling the sector, especially medium digital lenders backed by NBFC parents, to rethink their aggressive lending playbook, while managing delinquencies and cost.
BUSINESS
Bessemer, others in talks to invest Rs 200 crore in SaaS payments firm Easebuzz
The deal, which is still in the making, is likely to include an ESOP buyback, providing liquidity to employees and early backers.
BUSINESS
Elevation Capital-backed Aye Finance gets board nod for Rs 1,450 crore IPO with fresh issue of Rs 885 crore
The proposed IPO, approved by the company's board, will include a fresh issue of equity shares worth up to Rs 885 crore, along with an offer for sale (OFS) of equity shares totaling Rs 565 crore.
BUSINESS
Reliance to infuse Rs 202 crore to settle Karkinos Healthcare’s debts, pledges Rs 150 crore for revival
The development follows the approval of a resolution plan for Karkinos Healthcare by NCLT after it entered the Corporate Insolvency Resolution Process (CIRP) in May.
BUSINESS
Can Protean replicate its government legacy in the new-age tech business?
Moving beyond its legacy business of PAN issuance, pension repository and identity services, Protean is expecting 25% of its revenue to come from new business segments, including ONDC-related seller tech solutions, BFSI tools, and emerging SaaS-based offerings.
BUSINESS
MC interview: We are a larger-than-life fintech playing at national scale: Suresh Sethi, CEO & MD, Protean
In an exclusive interview, the CEO outlines the company's evolution over years, focusing on diversifying beyond government contracts and tapping into emerging sectors like SaaS, fintech, commerce and digital innovation.
BUSINESS
AI cuts discharge time for patients from Manipal Hospitals to 1 hr, sharpens cancer detection, brain mapping
Dr. Sudarshan Ballal, Chairman of Manipal Hospitals, highlighted how AI has significantly improved operational efficiency, particularly in patient discharge processes. He also stressed on the need for national interoperability to ensure seamless access to patient data across hospitals.
BUSINESS
NCLT stays Aakash from amending its AoA, halting Byju's alleged attempt to dilute stake
This decision follows allegations from Byju’s lenders, including Blackstone-backed Singapore Topco, that Byju management, including founder Byju Raveendran, were seeking to reduce the edtech's stake to benefit Manipal Education, the largest shareholder in Aakash.
BUSINESS
Kunal Shah to take on Zerodha, Groww? Cred-owned Spenny applies for stock broking licence
However, instead of its core business, Cred is eying stock broking as a natural extension of its anticipated strategy of full-fledged a financial services platform, with broking a part revenue driver
BUSINESS
Rural credit startup SarvaGram raises Rs 565 crore in Series D led by Peak XV Partners
Existing shareholders Elevar Equity, Elevation Capital, Temasek, and TVS Capital also participated in the round.
BUSINESS
Slice merger with NESFB comes with a cost: Legacy NPAs worth Rs 192 crore
The merger could unlock cost-saving opportunities through streamlined operations and improved capital allocation. If managed well, these efficiencies could drive profitability in the long run, according to analysts. But can Slice surmount the legacy NPA challenge after the merger with NESFB?
BUSINESS
SoftBank’s Ola Electric, FirstCry and Delhivery bets yield $1.3 billion gross gains in Q2
During the quarter, FirstCry boosted the Softbank Vision Fund’s gains by $642 million, while Ola Electric and Delhivery each added $401 million and $306 million to the fund, respectively, as indicated in SoftBank’s presentation listing the quarter results.
