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Kochi, India - April 09, 2026: Gold loans in India have long been trusted for quick access to credit. The process, however, remains largely manual, time-bound and operationally intensive. Wizzmoni, a flagship brand of Wizz Financial, is now redefining that experience. Wizzmoni has introduced India's first fully Automated Gold Loan Machine, a breakthrough innovation that enables customers to complete the entire gold loan journey, from onboarding to disbursement, in real time. This is not just a ...Read More >
New Delhi: Tech funding in India stood at $11.7 billion in FY 2025-26, an increase of 20 per cent compared to $9.7 billion raised in FY2023-24 amid strong early-stage momentum and a surge in IPO activity, according to a new report. As per Tracxn analysis, India ranked as the fourth-highest funded country globally during FY 2025-26, behind the United States, the United Kingdom and China, while staying ahead of Germany and France. It further stated that funding trends showed strong traction acro ...Read More >
MUMBAI: Sandeep Ghosh has decided to swipe out of Visa after more than four years of steering the payments giant's operations across India and South Asia. Visa Inc. has announced that Sandeep Ghosh is stepping down from his role as group country manager for India and South Asia. The company confirmed that a successor has already been identified and will be announced shortly. Ghosh joined Visa in March 2022 and played a key role in expanding the company's digital payments footprint and strengthe ...Read More >
New Delhi, Apr 8 (PTI) Indian technology startups' total fundraise declined by 18 per cent to USD 11.7 billion in 2025-26, market intelligence firm Tracxn said on Wednesday. The technology startups had raised USD 14.3 billion in the financial year 2025. "India's startups raised USD 11.7 billion in FY 2025-26, marking an 18 per cent decline from USD 14.3 billion in FY 2024-25, but a 20 per cent increase compared to USD 9.7 billion raised in FY 2023-24," Tracxn's India Tech Annual Funding Report ...Read More >
Visa Inc. has seen a leadership transition in its India and South Asia business, with Sandeep Ghosh stepping down from his role as Group Country Manager. Ghosh, who led the company's operations across India and neighbouring South Asian markets, is exiting the organisation after more than four years. The company confirmed that a replacement has already been identified and will be announced shortly. A Visa spokesperson told ET, "After over four years with Visa, Sandeep Ghosh, Group Country Manag ...Read More >
Leasing activity remained firmly concentrated in Grade A assets, which accounted for 93% of total transactions, the report said. Meanwhile, Pune (3.1 mn sq ft), Chennai (1.5 mn sq ft), Ahmedabad (0.3 mn sq ft), and Kolkata (0.4 mn sq ft) also contributed to the overall leasing, the data showed. "Notably, transaction volumes in Mumbai and Hyderabad during the quarter exceeded 50% of their total leasing activity for 2025, underscoring the strength and concentration of demand. The quarter also sto ...Read More >
Mumbai Tech Week 2026: Mumbai has long been known as India's financial capital, home to the country's largest banks, financial institutions, media houses, and corporate headquarters. But a new story is now unfolding across its boardrooms and startup hubs. The city is rapidly emerging as a powerhouse for applied artificial intelligence, where startups are transforming enterprise demand into real-world innovation. Mumbai Emerging as a Hub for Applied AI Startups From fintech firms improving frau ...Read More >
New Delhi: Among the top cities, Bengaluru led GCC leasing with a 48 per cent share, followed by Hyderabad at 19 per cent and Delhi-NCR at 14 per cent. "Across cities, we are seeing demand broaden both in terms of sectors and geographies," said Ram Chandnani, Managing Director, Leasing Services, India, CBRE. Global capability centres (GCCs) leasing in India reached a record 9.1 million square feet in the January-March period this year -- the highest quarterly GCC absorption on record, a report ...Read More >
Early-stage investment platform JITO Incubation and Innovation Foundation (JIIF) has invested over Rs 150 crore across more than 100 pre-seed and seed-stage startups over the past two years and plans to deploy an additional Rs 80-100 crore over the next 12-18 months. The startup incubator reported over 15 exits during the period. The platform has also made a Rs 26.5 crore investment in Mumbai-based Atomic Capital, marking its entry into a fund-of-funds approach. The move allows JIIF to particip ...Read More >
New Delhi, April 6: Digital payments platform PhonePe on Monday announced a limited-period offer on its newly launched co-branded credit card with State Bank of India. The PhonePe SBI Card is being offered with zero joining fee for the first year, allowing customers to access its benefits without any upfront cost. "Users can enjoy the premium benefits of the card at no cost for the first year," the fintech platform said. The card, available on both RuPay and Visa platforms, is tailored for digi ...Read More >
MUMBAI: Rural India is not yet insurance's largest market. But it is becoming its engine.Its share of life and health premiums has risen from 41% to 43%, while the urban share, by implication, is flattening. The marginal rupee of growth is shifting to non-metros. Nearly half of new premiums now come from rural-majority districts and cities with fewer than 10 lakh people, widening a market once concentrated in metros. If this trend persists, rural and semi-urban India will account for a dispropor ...Read More >
Nites has argued that although tech profits remain strong, weakening job security raises serious questions about corporate responsibility and accountability IT employees' body Nites has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Empl ...Read More >
Three days after the arrest of CREST project director Sukhwinder Singh Abrol in the ₹83-crore fraud case, the Chandigarh Police on Wednesday arrested an accountant, Sahil Kukkar, as the probe into the alleged siphoning of funds gained pace. A resident of Sector 78, Mohali, and originally hailing from Fazilka, Punjab, Kukkar joined the investigation on Tuesday. But during interrogation, he failed to clarify or justify multiple transactions amounting to crores that were funnelled into shell fi ...Read More >
New Delhi [India], April 4 (ANI): India's Venture Capital (VC) and growth funding ecosystem continued to expand in 2025, with investments rising to around USD 16 billion, marking the second consecutive year of growth, according to the India Venture Capital Report 2026 released by Bain & Company. The report highlights that the growth comes despite a slowdown in broader private capital markets, underscoring sustained investor confidence in India's start-up ecosystem and macroeconomic fundamentals ...Read More >
New Delhi [India], April 3 (ANI): The Indian banking and financial services (BFSI) sector is poised for a gradual recovery after a challenging FY26, with improving earnings visibility and structural tailwinds expected to drive medium-term performance, according to a recent report by Motilal Oswal Financial Services (MOSL). The report characterizes FY26 as a "challenging year for investing," noting that macro volatility, margin pressures and weak loan growth weighed on sectoral performance." Ho ...Read More >
Mumbai, April 2: Oracle Corporation has commenced what analysts estimate to be the largest round of layoffs in its history, with reports suggesting up to 30,000 positions could be eliminated globally. The workforce reduction, which began early Tuesday morning, March 31, impacts approximately 18 per cent of the company's 162,000-strong staff. Affected employees in India and the United States reported receiving termination notices via email at 6:00 AM IST and 3:00 AM PT, respectively, citing "broa ...Read More >
New Delhi: Defying a broader global slowdown in private capital markets, venture capital (VC) investments in India surged to approximately $ 16 billion in 2025, marking a second consecutive year of expansion, according to a report. The 'India Venture Capital Report 2026' by global consultancy firm Bain & Company and the Indian Venture and Alternate Capital Association (IVCA) revealed that overall deal activity accelerated by about 18 per cent year-on-year, with total transactions exceeding 1,30 ...Read More >
New Delhi, Apr 1 (PTI) Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed preliminary papers with markets regulator Sebi through the confidential route to float an initial public offering (IPO). The company has opted for the confidential pre-filing route, which allows it to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. Companies increasingly prefer this route because it offers more flexi ...Read More >
Venture capital investments in India rose to approximately USD 16 billion in 2025, marking continued growth despite global economic challenges. The increase in funding was broad-based, driven by deals below USD 50 million and larger transactions exceeding USD 250 million. Technology sectors like fintech and SaaS led the way. Despite a global slowdown, India's venture capital sector thrived in 2025, with investments reaching around USD 16 billion, a second consecutive year of growth, according t ...Read More >
Mumbai: Top private sector banks and telecom companies are replacing one-time passwords (OTPs) and are jointly developing a 'silent authentication mechanism'-a background check that verifies whether the mobile number linked to a banking app matches the SIM currently active on the device. If a discrepancy is detected, the transaction can be flagged or blocked in real time without any action required from the customer. The technology will also be extended to eSIM environments. This additional lay ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday. UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 2 ...Read More >
New Delhi, Apr 1 (PTI) Women in India's formal workforce stay in their jobs "36 per cent" longer than men, said a new report released on Wednesday, debunking the perception that they are a retention risk. The data-led findings, conducted by fintech platform SalarySe, are based on an analysis of over 47,800 EPFO records of its registered users, primarily salaried professionals in urban areas. "The median tenure for women stands at 10.6 months, compared to just 7.8 months for men. In fact, only ...Read More >
Stock Market on 30 March 2026 | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets. Indian equity markets ended the final session of FY26 on a weak note, as escalating tensions in West Asia and a sharp rise in crude oil prices weighed heavily on investor sentiment. The Sensex fell 1,635.67 points, or 2.22%, to close at 71,947.55, while the Nifty declined 488.20 points, or 2.14%, to settle at 22,331.40. Selling pressure was ...Read More >
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Crypto exchange CoinDCX on March 30 announced the launch of a ₹100 crore Digital Suraksha Network (DSN), an initiative aimed at tackling cyber fraud and strengthening trust in India's digital finance ecosystem. The initiative will support independent research on digital fraud, fund the development of new standards, and build tools such as an open Fraud Intelligence API. It also plans to publish quarterly "State of Digital Trust" reports and support training programmes for state cybercrime cell ...Read More >
India's Unified Payments Interface (UPI) processed 218.6 billion transactions in the fiscal year ending March 2026, with a cumulative value of Rs 284.7 lakh crore, according to data from the National Payments Corporation of India (NPCI). Transaction volumes remained consistently elevated, crossing the 20-billion mark in several months, even as growth showed signs of tempering in the latter part of the year. January recorded the highest volume with 21.7 billion transactions, followed by Decembe ...Read More >
New Delhi, Mar 31 (PTI) Fintech firm Bachatt has raised USD 12 million, about Rs 113 crore, in a funding round led by venture capital firm Accel, the company said on Tuesday. The round also saw participation from existing investors, Lightspeed and InfoEdge Ventures. "Bachatt, an AI-led savings and wealth platform for the merchant and self-employed segment, has raised USD 12 million in its series A funding led by Accel," the company said in a statement. The company plans to use the fresh funds ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
New Delhi, Feb 16 (SocialNews.XYZ) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry. Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UP ...Read More >
At a valuation of ₹3.2 lakh crore, Deepinder Goyal of Eternal (formerly Zomato Ltd) has topped the list of self-made entrepreneur in the IDFC FIRST Private & Hurun India's Top 200 Self-made Entrepreneurs of the Millennia 2025. Eternal's valuation has gone up by 27% from last year's report. Radhakishan Damani of Avenue Supermarts (DMart), last year's No. 1, has slipped to second place with a valuation of ₹3 lakh crore, down 13% from last year. Estranged co-founders Rahul Bhatia and Rakesh Ga ...Read More >
Mumbai - Network People Services Technologies Limited (NPST), a leading digital banking and payments technology company, has announced the launch of its Bank-in-a-Box platform, a comprehensive and ready-to-deploy digital banking solution designed to help small, mid-size, and co-operative banks accelerate their digital transformation and enhance customer experience. Banks across India continue to face challenges such as legacy systems, fragmented infrastructure, and limited digital capabilities ...Read More >
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