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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple chief technology officer (CTO) David "JoelKatz" Schwartz used a late-Wednesday post on X to frame a surge of payments and stablecoin companies launching their own base-layer networks as validation of blockchain's role in finance -- and to restate how the XRP Ledger's design differs from the new entrants. "We've been seeing more and more players in the payments and stableco ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi [India], August 14: Ellenox, India largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50 over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voi ...Read More >
Mumbai: A majority of new-age companies that set the primary market buzzing with their initial public offerings and listing day gains have failed as long-term wealth creators for IPO and post-IPO investors, according to a study tracking 25 such firms listed between May 2020 and June 2025 across fintech, logistics, consumer internet, quick commerce, and SaaS (Software as a Service). Only 36 per cent of IPO investors and 32 per cent of post-IPO investors generated positive alpha despite strong li ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On Monday, ALT5 Sigma, a fintech company specializing in blockchain infrastructure, unveiled plans to establish a crypto treasury focusing on the World Liberty Financial (WLFI) project -- a venture backed by the Trump family. The announcement, however, was met with a swift and negative reaction from investors, resulting in a significant drop in the company's stock price. ALT5 Si ...Read More >
What began as a simple idea to make digital payments easier for Indian businesses has now become a story of global recognition. Razorpay, the Indian fintech unicorn, has been featured in the 2025 list of the World's Top Fintech Companies by CNBC and Statista, a feat that places it in the league of global fintech innovators. It's a prestigious nod, considering the final list was curated after evaluating thousands of fintech companies across the world on over 40 performance indicators. These incl ...Read More >
Mumbai, Aug 6 (PTI) Algoquant Fintech on Wednesday said it has fixed August 18 as the record date for the stock split and bonus issue to enhance shareholder value and market liquidity. According to a public notice, the company has proposed to split each equity share of Rs 2 each will into 2 (two) equity shares of Rs 1 each, fully paid-up. "This step is aimed at increasing the liquidity of the Company's shares in the stock market and making them more affordable for retail and small investors," ...Read More >
Bengaluru: Delhivery said it brought more than half of Ecom Express's volumes onto its platform after the acquisition received regulatory approval in June. It shifted all client contracts to what it described as "rational pricing." "The irrational pricing that existed in the market has been cleaned out, at least out of what was the erstwhile Ecom Express network," Sahil Barua, CEO, Delhivery said during the investor call on Friday. Delhivery bought Ecom Express for Rs 1,369 crore this year. "Cli ...Read More >
BHUBANESWAR: In a significant move poised to reshape Odisha's digital economy, the state government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. Being set up in collaboration with Singapore-based Global Finance and Technology Network (GFTN) and the Asian Institute of Digital Finance (AIDF) at the National University of Singapore (NUS), this first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan An ...Read More >
BENGALURU: Delhivery on Friday said it has brought more than half of Ecom Express's volumes onto its platform and shifted all client contracts to what it described as "rational pricing." The acquisition, which received regulatory approval in June and was completed in July for a final purchase consideration of Rs 1,369 crore, also involved a network rationalisation plan with the retention of seven facilities for long-term use. "The irrational pricing that existed in the market has been cleaned ou ...Read More >
The Indian Cybercrime Coordination Centre (I4C) has predicted that the cybercrime losses could soar beyond Rs 1.2 lakh crore in 2025 if current trends persist. The cybercrime crisis in India is fast escalating. The financial frauds are bleeding the country of tens of thousands of crores each year. According to a report by DataLEADS, Indians lost Rs 22,842 crore to online fraudsters in 2024. The following figures will shock you more -- the 2024 figures are nearly three times higher than the Rs 7 ...Read More >
New Delhi [India], July 19 (ANI): Indian Initial Public Offering (IPO) activity in the first half of 2025 recorded 108 deals raising USD 4.6 billion, demonstrating market resilience despite a 30 per cent decline in transaction volume compared with the previous period, according to a report compiled by EY. According to the report, fundraising proceeds declined only marginally by 2 per cent, indicating that while fewer companies accessed public markets, the quality and scale of offerings remained ...Read More >
Investing.com -- Shares of Wise (LON:WISEa) fell sharply on Thursday after the company's fiscal first-quarter results came in below expectations, weighed down by increased currency market volatility. The fintech firm posted underlying income of £362 million ($485 million) for the three months ending in June, falling short of the £372 million average estimate from analysts surveyed by Bloomberg. Despite the miss, Wise reaffirmed its full-year outlook, maintaining guidance for up to 20% growth ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite global volatility, India accounted for 16 per cent of global growth in crude oil consumption and is projected to contribute 25 per cent of such growth over the next three decades. In his address at the plenary session of the All India Petroleum Dealers Association (AIPDA) conclave, the minister said that the Government has ensured affordable and uninterrupted energy supply to ci ...Read More >
The National Stock Exchange of India (NSE) ranked fourth globally in initial public offering (IPO) fundraising during the first half of 2025, raising $5.51 billion, according to S&P Global Market Intelligence. The NSE came in behind the Nasdaq Global Market, NYSE and the Nasdaq Global Select Market, accounting for 8.9% of worldwide IPO proceeds during the period. Despite a slower start compared to the same period last year, Indian markets saw 119 IPOs in the first six months of 2025, raising a ...Read More >
Mumbai, July 17, 2025 -- In a significant development, Jupiter Money, a leading Indian fintech platform, has received the IRDAI's nod for a Direct Insurance Broker license. This pivotal approval allows the platform to directly offer life and general insurance products, marking its strategic entry into the insurance market. This expansion follows previous regulatory milestones in 2023, where Jupiter Money acquired both an NBFC and PPI license, boosting its credit and prepaid offerings. With the ...Read More >
India's Unified Payments Interface (UPI), once a bold experiment in digital public infrastructure (DPI), is now emerging as a global payments powerhouse. In a landmark move, Prime Minister Narendra Modi launched UPI in Trinidad and Tobago, signaling India's growing ambition to expand its fintech footprint across the Global South and beyond. This marks a defining moment in UPI's international journey, as it accelerates toward becoming a competitor to traditional global payment giants. With trans ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Polytrade, a major real-world asset (RWA) player in the crypto space, has raised over $6 million in a private strategic round. The new funds will fuel the company's mission to build infrastructure for tokenized real estate and enhance its tech offerings for the financial world. The raise was supported by top players in the real estate and fintech ecosystems, aligning capital with ...Read More >
Mumbai, Jul 16 (PTI) Actor Aasif Khan, known for appearing in popular series "Panchayat" and "Pataal Lok", is on the road to recovery after suffering a heart attack, a source said. The actor is currently recuperating at Kokilaben Hospital in Mumbai. "He suffered a heart attack. He is in the hospital," a source close to the actor said on Tuesday. Khan took to Instagram and said he is recovering well and thanked his fans and followers for their love and support. "Over the past few hours I've be ...Read More >
New Delhi, July 16 (SocialNews.XYZ) The Prime Minister Narendra Modi-led government has consistently strengthened the startup ecosystem and remains focused on further empowering entrepreneurs, especially from tier 2 and 3 cities, through inclusive efforts and a commitment to unlocking India's entrepreneurial potential, Commerce Minister Piyush Goyal has reiterated. Chairing the 10th meeting of the National Startup Advisory Council (NSAC) here, which brought together industry leaders, startup fo ...Read More >
New Delhi [India], July 14 (ANI): Domestic mutual funds have increased their stake in Paytm to around 14 per cent, up from 13 per cent in January-March 2024-25, led by Motilal Oswal and Bandhan Mutual Funds, as per the April-June 2025-26 shareholding pattern. Insurance companies also raised their holdings by 1 per cent, taking total domestic institutional ownership from 14 per cent to 16 per cent quarter-on-quarter. Foreign portfolio investors (FPIs) also increased their overall stake during t ...Read More >
New Delhi [India], July 14 (ANI): Domestic mutual funds have increased their stake in Paytm to around 14 per cent, up from 13 per cent in January-March 2024-25, led by Motilal Oswal and Bandhan Mutual Funds, as per the April-June 2025-26 shareholding pattern. Insurance companies also raised their holdings by 1 per cent, taking total domestic institutional ownership from 14 per cent to 16 per cent quarter-on-quarter. Foreign portfolio investors (FPIs) also increased their overall stake during t ...Read More >
Strategy & Operations 2 min read Paytm to become an AI-first company: Founder Vijay Shekhar Sharma Sharma said that as most jobs done by humans will be done by AI, the focus should be on building core products. He added that the goal for Paytm is to go beyond a fintech and become an AI-first company. Paytm founder Vijay Shekhar Sharma said the impact of artificial intelligence (AI) on jobs is inevitable as it has to be incorporated into routine workflows. "Sooner or later we will have to start ...Read More >
Bengaluru : In a first for India's tax-tech landscape, ClearTax, the country's leading tax filing platform by fintech company Clear, today announced the nationwide launch of ClearTax AI - a personal, multilingual AI-powered tax assistant designed to make Income Tax Return (ITR) filing accessible, simple, and stress-free for every Indian, regardless of income source, geography, or digital fluency. Tax filers can now file their taxes in under three minutes simply by chatting in their preferred la ...Read More >
New Delhi: The digital storefronts we scroll through every day now carry a dark undercurrent. A new report by the Financial Action Task Force (FATF) has laid bare how terrorists are exploiting online platforms - from Amazon to PayPal - to fund violence in India. The global anti-terror watchdog has cited evidence from two major cases - the 2019 Pulwama suicide bombing and the 2022 Gorakhnath Temple attack. According to the FATF report, the aluminum powder used in the deadly Pulwama blast, which ...Read More >
Mumbai, Jul 9 (PTI) Financial technology company GACM Technology (GATECH) on Wednesday said its board has approved a proposal to raise up to Rs 200 crore through the qualified institutional placement route. The board "at its meeting held on Wednesday, July 9, 2025, approved raising of funds by way of Qualified Institutions Placement (QIP) for an aggregate amount not exceeding Rs 200 crore," the company said in a regulatory filing. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for ...Read More >
Kota: Chief minister Bhajan Lal Sharma and Lok Sabha Speaker Om Birla participated in a public grievance redressal camp organised under Pandit Deendayal Upadhyay Antyodaya Sanbal Pakhawda campaign at Maharav Bhimsingh Stadium in Sangod town of Kota district Monday.They launched the Suposhit Maa Abhiyan, dedicated to pregnant women weighing less than 50 kilograms who need additional nutrition and health services. Nutrition kits for 1,500 identified pregnant women will be distributed under the 'Su ...Read More >
M Nagaraju asked fintechs to prioritize offline payment options. This push aims to boost financial inclusion across India. He spoke at the CII Summit on Financial Inclusion and FinTech. Nagaraju highlighted financial inclusion's role in economic growth. He noted India's progress since 2014 with the Pradhan Mantri Jan Dhan Yojana. The scheme significantly increased bank account access for adults. DFS Secretary M Nagaraju on Monday urged fintechs to focus on driving offline payment solutions to e ...Read More >
NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing offline payment systems, voice-authorised tools, improving connectivity as well as cross-border payment capabilities, enhancing cybersecurity and integrating AI and better app safety for user convenience, a top official said on Monday."Fintech will drive financial inclusion, which in turn is a key driver of growth and poverty alleviation," M Nagaraju, secret ...Read More >
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