India To Lure Chipmakers With Billion-Dollar Incentives For Local Production

India, April 1 -- The Indian government has decided to boost the country's smartphone assembly industry as well as strengthen electronics supply chain by offering cash incentives of more than $1 Bn to... Read More

UPI Regains Momentum With 19% Hike In Transactions In March 2021

India, April 1 -- The unified payments interface (UPI) is back to its tremendous growth momentum, after witnessing a brief decline in the month of February 2021. The National Payments Corporation of I... Read More

RBI Orders Third-Party Audit For Mobikwik After Data Leak

India, April 1 -- As the controversy around Mobikwik's alleged data leak continues to linger on, the Reserve Bank of India (RBI) has taken notice of the matter and directed the Gurugram-based payments... Read More

RBI Extends Deadline For Recurring Payments To September

India, March 31 -- The Reserve Bank of India (RBI) has extended the timeline for processing recurring online transactions from March 31, 2021 (today) to September 30, 2021. This development comes afte... Read More

HealthPlix Bags $13.5 Mn Series B To Expand Digital Clinic Stack Across India

India, March 31 -- "Anyone who is solving for healthcare in India needs to build a solution for two minutes," says Sandeep Gudibanda, founder and CEO of HealthPlix, told Inc42. While this may seem od... Read More

RBI Tightens Security Norms For Payments Companies, With 200 Mn Users Compromised In 2021

India, March 31 -- Amid the rising cybersecurity threats and breaches in India, the Reserve Bank of India (RBI) has tightened its supervision norms over payments companies storing customer data. All t... Read More

Club Factory To Invoke Force Majeure For Failing To Clear Dues Of Indian Vendors

India, March 31 -- Chinese ecommerce platform Club Factory has decided to invoke the force majeure clause to counter a barrage of lawsuits it faces in India for failing to clear dues of Indian vendors... Read More

Amazon Acquires Retail Tech Startup Perpule, Giving 5X Exit To Early Investors

India, March 31 -- In an attempt to step up its game in the Kirana-tech space, American ecommerce giant Amazon has acquired Bengaluru-based retail tech startup Perpule for INR 107.6 Cr (about $14.5 Mn... Read More

Pine Labs Plans Out US Listing By March 2022

India, March 30 -- After entering the unicorn club last year, retail payments company Pine Labs is now looking to hit the public market by March 2022 in the US. Pine Labs has reportedly begun early-st... Read More

Nazara Makes Strong Debut On Stock Exchanges, Lists At 81% Premium

India, March 30 -- Mumbai-based online gaming company Nazara Technologies made a strong debut on the stock exchange today (March 30) as its shares jumped to INR 1,918 on the National Stock Exchange (N... Read More