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Indore (Madhya Pradesh) [India], April 3 (ANI): A major financial fraud involving Bharat Petroleum Corporation Limited (BPCL) has come to light, with allegations of cheating amounting to nearly Rs 129.55 crore by 1093 individuals across the country over the past few years. Of these, seven such individuals from Madhya Pradesh's Indore district are accused of cheating the company of approximately Rs 5.72 crore, and a case has been registered against them at Kshipra police station in the district. ...Read More >
Indore (Madhya Pradesh) [India], April 3 (ANI): A major financial fraud involving Bharat Petroleum Corporation Limited (BPCL) has come to light, with allegations of cheating amounting to nearly Rs 129.55 crore by 1093 individuals across the country over the past few years. Of these, seven such individuals from Madhya Pradesh's Indore district are accused of cheating the company of approximately Rs 5.72 crore, and a case has been registered against them at Kshipra police station in the district. ...Read More >
According to the probe agency's final report, the group layered the flow of illicit funds through 111 shell companies, routing about Rs 1,000 crore via mule accounts The CBI has filed a chargesheet against 17 people, including four Chinese nationals, and 58 companies for their alleged roles in a transnational cyber fraud network that siphoned off over Rs 1,000 crore through a sprawling web of shell entities and digital scams, officials said on Sunday. After busting the racket in October, inves ...Read More >
Mumbai (Maharashtra) [India], November 17: PayU, India's leading diversified fintech platform, has received integrated authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator across online, offline (physical) and cross-border transactions, including both Inward and Outward, under the Payment and Settlement Systems (PSS) Act. This approval enables PayU to offer secure, compliant, and seamless payment acceptance, settlement and cross-border solutions for merchants acr ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot pr ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot pr ...Read More >
Mumbai: Cash withdrawals with smartphones are about to become easier and can be done virtually anywhere. Plans are underway to widen the reach of unified payments interface (UPI)-India's ubiquitous tool to move money, pay bills, and make online purchases-for taking out cash. Millions of individuals, non-profits, and grocers who act as 'business correspondents' (BCs) of high-street banks will have quick response, or QR codes that users can scan with any UPI app on their handsets to withdraw cash. ...Read More >
New Delhi [India]: If you're selling online, then you already know how important smooth payments are. But speed isn't everything. What matters just as much, if not more, is safety. People need to feel confident when they enter their card or UPI details. That's where a payment gateway plays its role. It's not something your customers see much, but it works in the background every single time someone pays. What Is a Payment Gateway? It's a tool that connects your website or app to the banks. Whe ...Read More >
New Delhi: A single missile. Thirty seconds. That is all Pakistan had when India's BrahMos slammed into the Nur Khan Airbase - just minutes from Islamabad. No early warning. No clear warhead signature. No time to guess whether it carried a conventional payload or a nuclear one. Rana Sanaullah Khan, special assistant to Pakistan's Prime Minister Shahbaz Sharif, went public. He said that 30-second window nearly sparked a nuclear chain reaction. His words were not laced with bravado. They carried ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, ...Read More >
Mumbai: Enforcement Directorate (ED) has provisionally attached properties, including a luxury yacht and immovable properties in Spain, worth approximately Rs 131.5 crore in its ongoing investigation into unauthorised forex trading platform OctaFX.These assets belong to Russian national Pavel Prozorov, the alleged mastermind behind the platform OctaFx. The assets include movable properties in the form of a luxury yacht, a minijet boat, luxury car and immovable properties in the form of two resid ...Read More >
New Delhi, May 20: Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback for the Gurugram-b ...Read More >
New Delhi: Fintech firm One MobiKwik Systems on Tuesday said its consolidated loss widened to Rs 56 crore in the quarter-ended March 31, 2025.It had reported a loss of Rs 0.6 crore in the year-ago period, according to a regulatory filing.Revenue from operations saw a marginal increase from Rs 264.9 crore in Q4 FY24, to Rs 267.7 crore in Q4 FY25. The Gurgaon-headquartered firm's Payments GMV (Gross Merchandise Value) grew 203 per cent year-on-year to Rs 1,15,900 crore, according to a company sta ...Read More >
New Delhi, May 20 (SocialNews.XYZ) Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback f ...Read More >
New Delhi, Feb 4 (PTI) Fintech firm One Mobikwik on Tuesday reported a consolidated loss of Rs 55.28 crore in the third quarter ended December 2024, mainly due to increase in payment gateway cost. One Mobikwik had posted a profit of Rs 5.27 crore in the same period a year ago, according to the company's regulatory filing. The payment gateway cost of One Mobikwik jumped about three-fold to Rs 143.7 crore during the reporting period from Rs 50.83 crore in the December 2023 quarter. The consolid ...Read More >
Razorpay introduces Razorpay Recon, an AI-powered solution for automating financial reconciliation. Aimed at reducing errors and increasing efficiency by 80%, it manages large transaction volumes and addresses challenges in managing digital payments, offering businesses enhanced control over financial operations. In a bid to transform financial reconciliation processes, Razorpay has launched Razorpay Recon, an innovative AI-driven solution designed to revolutionize transaction management across ...Read More >
Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on February 15, 2025 ...Read More >
NewsVoir Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on Februar ...Read More >
Fraud prevention software platform RaptorX has raised Rs 4 crore in a pre-seed funding round co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital, along with participation from Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google. The company had previously raised $120K in the same round. The fresh funds will be utilized to build and enhance its AI and machine learning capabilities for applications in both banking and e-commerce, expand the team, imp ...Read More >
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