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PayPal Gets RBI's In-Principle Nod To Operate As PA For Cross Border Export

India, May 28 -- NASDAQ-listed PayPal Holdings Inc's Indian subsidiary PayPal Payments Private Limited has received the Reserve Bank of India's approval to operate as a payment aggregator for cross bo... Read More


MeitY Forms Panel To Build National Framework For GCCs: Report

India, May 28 -- The Ministry of Electronics and Information Technology (MeitY) has reportedly formed a panel to build the national framework for global capacity centres (GCCs). As per an ET report, ... Read More


MeitY Forms Panel To Build National Framework For GCCs : Report

India, May 28 -- The Ministry of Electronics and Information Technology (MeitY) has reportedly formed a panel to build the national framework for global capacity centres (GCCs). As per an ET report, ... Read More


Unacademy Cofounders Gaurav Munjal & Roman Saini To Exit: Report

India, May 28 -- Unacademy cofounder Gaurav Munjal is reportedly stepping down from the chief executive's role, with board member Sumit Jain to take over. Fellow cofounder Roman Saini is also exiting ... Read More


Amagi Turns Into A Public Entity As It Readies For IPO

India, May 28 -- Media-focussed SaaS unicorn Amagi has converted into a public entity as it gears up for its initial public offering (IPO). As per its filings with the Registrar of Companies (RoC), t... Read More


Flipkart Sees Orders Growing At 25%, To Touch 30% By June: Kalyan Krishnamurthy

India, May 27 -- Flipkart's chief executive officer Kalyan Krishnamurthy said that the company has been witnessing an order growth rate of 20-25% in May, and plans to take it to 30% by this June. Kri... Read More


Now, Users Can Sell Their Cars On CRED

India, May 27 -- Kunal Shah-led CRED has partnered with used-car marketplaces CARS24 and Spinny to enable users sell their cars on its platform. The Tiger Global-baked startup through its vehicle man... Read More


Myntra Gets INR 1,062 Cr From Singapore Parent

India, May 27 -- Fashion ecommerce giant Myntra has received a fresh infusion of INR 1,062.50 Cr (around $124 Mn) from its Singapore-based parent entity, FK Myntra Holdings Private Limited. As per it... Read More


Exclusive: CARS24 To Fire 120 More Employees In Restructuring Exercise

India, May 27 -- Over a month after it laid off 200 employees, used car marketplace CARS24 is in the process of laying off another 120 employees from its non-core verticals as part of a restructuring ... Read More


FirstCry's Subdued Q4, Drools Is The New Unicorn & More

India, May 27 -- FirstCry's Profit Push Hits A Snag After reporting a loss of INR 14.78 Cr in Q3 FY24, many believed FirstCry was turning the corner towards profitability. But in Q4 FY25, the kids-fo... Read More