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COAI Cites National Security Concerns To Bring OTT Apps Like WhatsApp Under Telecom Act

India, Aug. 27 -- Industry body Cellular Operators Association of India (COAI) has urged the Centre to bring OTT communication apps under the Telecommunications Act, 2023, citing national security. "... Read More


CaratLane FY24: Profit Declines 5% To INR 79 Cr, Revenue Crosses INR 3,000 Cr Mark

India, Aug. 25 -- Tata-owned omnichannel jewellery startup CaratLane's operating revenue crossed the INR 3,000 Cr mark in the fiscal year 2023-24 (FY24). Its revenue from operations rose 41% to INR 3,... Read More


FirstCry Gets I-T Dept Notice Over INR 80 Cr ESOP Expenses

India, Aug. 24 -- Kids-focussed omnichannel retailer FirstCry's parent Brainbees Solutions has received show-cause notices from the Income Tax (I-T) Department over its employee stock option plan (ESO... Read More


CBDC Serves No Special Purpose As UPI Use Already Prevalent: Ex-RBI Dy Guv

India, Aug. 24 -- Former Reserve Bank of India (RBI) deputy governor SS Mundra is reportedly not bullish about the success of the homegrown central bank digital currency (CBDC) E-Rupee. Speaking at a... Read More


Navi Finserv Ropes In Former RBI Executive Anil Kumar Misra To Board

India, Aug. 24 -- Flipkart cofounder Sachin Bansal-helmed fintech startup Navi Finserv has appointed former Reserve Bank of India (RBI) official Anil Kumar Misra as the non-executive chairman of the c... Read More


Rapid Growth Of Quick Commerce Platforms Creating Uneven Playing Field: Retailer Body

India, Aug. 24 -- Amid the ongoing debate over "predatory pricing policies" of ecommerce platforms, retailer association All India Consumer Products Distributors Federation (AICPDF) has written to uni... Read More


RBI Cracks Down On NBFC-P2P Lending Platforms, Slaps INR 4 Cr Penalties On LiquiLoans, LenDen

India, Aug. 23 -- The Reserve Bank of India (RBI) has imposed penalties totalling around INR 4 Cr on peer-to-peer (P2P) lending platforms LenDen Club and LiquiLoans. While LiquiLoans has been fined IN... Read More


WazirX To Reopen INR Balance Withdrawals Starting Aug 26, Caps Withdrawals At 66%

India, Aug. 23 -- Revoking the suspension on withdrawals a month after the infamous $230 Mn crypto heist, WazirX on Friday (August 23) said that it will open up INR balance withdrawals starting August... Read More


MeitY Reconsidering Monitoring System For IT Hardware Imports

India, Aug. 23 -- As the September 30 deadline nears for the expiration of the import authorisation regime for IT hardware products, the Centre is holding extensive talks with stakeholders to chart a ... Read More


ONDC To Launch Insurance, Mutual Fund Products In Two Months

India, Aug. 23 -- The Open Network for Digital Commerce (ONDC) plans to launch insurance and mutual fund products in the coming two months. As per Economic Times, the network also plans to unveil cre... Read More