Payment

The move comes after the Enforcement Directorate (ED) in July filed a case under the Foreign Exchange Management Act (FEMA), 1999, against Simpl and its founder-director, Nithya Nand Sharma, for alleged foreign exchange violations worth Rs 913.75 crore.

Exclusive - Kaveri Priyam on pay disparity, says TV shows are female centric yet 'male actors get a huge amount of money while the female actors are getting half'

Kaveri Priyam, who began with small roles in 2017, rose to fame as Kuhu in Yeh Rishtey Hain Pyaar Ke and later impressed with lead performances in Ziddi Dil Maane Na and Dil Diyaan Gallaan.

Razorpay completes reverse flip from US to India

Razorpay launched the process to move its parent entity to India from the United States in May 2023, ahead of its plans to list on Indian bourses

Juspay raises $60 million in series D round led by Kedaara Capital

The SoftBank-backed company reported a revenue of Rs 319.32 crore for FY24, up 49.6 percent from year-ago period

PayU acquires 43.5% stake in payments technology firm Mindgate

The investment aims to enhance Mindgate’s existing partnerships with banks and improve merchant payment solutions.

After PhonePe, Razorpay and Cashfree sever ties with third-party orchestration platforms

Payment gateways often transition away from third-party payment orchestrators to gain end-to-end control over the payment process and enhance the security of payment transactions.

Ola, Uber, Porter rank lowest in Fairwork India ratings: Here's why

While Ola, Uber and Porter scored the least, BigBasket, Swiggy, Urban Company and Zomato came on top of the list, scoring six points. Ecommerce giant, Flipkart scored one out of 10 points.

Border producer JP Dutta’s daughter Nidhi Dutta denies allegations of Bharat Shah who had sent notice of 'overflow payment'

Nidhi Dutta, the producer of the much-anticipated film Border 2, has recently addressed a series of allegations made by Bharat Shah concerning financial disputes tied to the film. The situation has escalated into a legal conflict, with Shah asserting that he is owed a share of the profits from the original Border film, which he financed. However, Nidhi Dutta has firmly defended her father, filmmaker JP Dutta, and his production company, JP Films, against these claims.

SpiceJet flights from Dubai airport disrupted again over payment default, empty planes return home

SpiceJet flights were temporarily suspended at the Dubai airport around 10 times in the past month, an airport executive said

Paytm’s board of directors opts for lower salary

With the revised remuneration structure, the annual compensation of each Non-Executive Independent Director will be capped at Rs 48 lakh

LA choreographer accuses Diljit Dosanjh for not paying his dancers in Dil-Luminati Tour, says, "happy for your success but dancers should have been paid"

In a recent controversy surrounding Punjabi singer-actor Diljit Dosanjh's Dil-Luminati Tour, Los Angeles-based choreographer Rajat Batta has accused Dosanjh of non-payment to the dancers who performed during the tour. This claim has sparked discussions about the treatment and valuation of Desi dancers in the entertainment industry.

UPI transactions value in June stays above Rs 20 lakh crore for the second month running

Average transaction volume higher than the previous month

Govt amends electricity rules to ensure optimum utilisation of power generating capacity

Union Minister for Power and New & Renewable Energy Shri R. K. Singh said that the new rules will also address surplus power which is within the declared generation capacity but not requisitioned by distribution companies.

Razorpay clocks $150 billion of TPV, launches payment gateway 3.0 for merchants

Razorpay, which is betting big on the PoS device market, has announced a new dynamic PoS (DQR) device for enterprises

Indian B2B fintech industry to reach $20 billion market size by 2030: Report

Report by Chiratae Ventures and The Digital Fifth shows that the total funding for fintech segment has come down by 52% to $2.4 billion in 2023, as against $5.1 billion in 2022.

Delhi HC gives SpiceJet February 15 deadline to pay lessors $4 million

The HC has warned the airline that in the event it does not pay the money, it will be constrained to pass orders in the application seeking the engine's grounding.

Razorpay, Cashfree receive final RBI nod to operate as payment aggregators

The license will mean that the payments firms can now start onboarding of new merchants to their platforms. Neobank Open, Enkash and Paymentz has also received the final nod.

Cut off transmission access to discoms defaulting on payments to gencos: Govt

Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified.

RBI bring entities facilitating cross-border payment transactions under its direct regulation

According to the circular, non-banks providing PA-CB services should have a minimum net-worth of Rs 15 crore at the time of submitting application to the RBI for authorisation and a minimum net worth of Rs 25 crore by March 31, 2026.

Fintech startup Kiwi raises $13 million in Series A led by Omidyar Network India

The fintech plans to utilise the funding to build its product and technology further and add more talent to its team.

Byju’s misses deadline to pay final settlements of laid off employees again

This comes at a time when many such employees have not been able to find another job after their termination due to the challenging hiring landscape.

7 years of demonetisation: Cash transactions have risen, UPI an important part in daily life, shows survey

According to a survey, 76 percent of those who bought a property in the last 7 years had to pay a component of the price in cash.

PayU to focus on Indian market after selling Global Payments for $610 mn

In FY23, PayU's GPO business's total payment volumes grew 12 per cent year-on-year to USD 34 billion, which is around a 3x growth in 5 years. PayU will now focus on its growing Indian payments and credit business.

India’s UPI enters France: Who stands to benefit and what’s ahead

While UPI going global will accelerate cross-border transactions in a faster and easier way, experts also say that adoption of UPI globally will further accelerate the growth of fintechs and their penetration globally

Razorpay enters overseas markets with payment gateway services in Malaysia

The new Curlec Payment Gateway launched by Razorpay will serve more than 5,000 businesses with a target of RM 10 billion (Approx. USD 2 billion) in annualised Gross Transaction Value (GTV) by 2025.