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BNPL Startup Simpl Lays Off 80 Employees After RBI Whiplash

India, Oct. 1 -- In the wake of RBI clampdown, buy now pay later (BNPL) startup Simpl has laid off around 80 employees. While the layoffs happened across functions, the sales and marketing team were t... Read More


Abhishek, Aishwarya Rai Bachchan Sue YouTube Over Deepfake Videos

India, Oct. 1 -- Amid increasing deepfake incidents, actors Abhishek Bachchan and Aishwarya Rai Bachchan have reportedly moved the Delhi High Court (HC) separately against streaming giant YouTube to p... Read More


VBAP Holdings Offloads Awfis Shares Worth INR 57 Cr

India, Oct. 1 -- Awfis' pre-IPO investor VBAP Holdings offloaded the coworking space provider's shares worth INR 56.8 Cr in a block deal yesterday. The investor sold 9.96 Lakh shares at INR 570.12 api... Read More


UPI Transactions Dip 2.5% To 19.6 Bn In September

India, Oct. 1 -- After touching a fresh all-time high in August, the number of UPI transactions declined 2.5% to 19.6 Bn in September from 20.1 Bn in August. On a YoY basis, the number of transaction... Read More


Govt Monitoring Ecommerce Platform For GST 2.0 Compliance

India, Oct. 1 -- The government is reportedly monitoring ecommerce platforms to ensure the recent goods and services tax (GST) rate cuts are passed on to the end customers. Sources told news agency P... Read More


RBI Evaluating Platform To Lock Phones After Loan Defaults

India, Oct. 1 -- The Reserve Bank of India (RBI) is evaluating a platform that would allow lenders to remotely lock mobile phones bought via credit in the event of borrower defaults. "We are assessin... Read More


[Update] Ola Electric Realigns Investments In Subsidiaries

India, Oct. 1 -- Update | October 1, 14:45 Over a month after it got the nod of its shareholders for alteration in the use of IPO proceeds, Ola Electric has now realigned its investments in material ... Read More


Veefin Gets Board Nod To Merge Two Subsidiaries With Parent Entity

India, Oct. 1 -- Listed fintech SaaS company Veefin's board on Tuesday (September 30) approved a proposal to merge its two subsidiaries - GlobeTF Solutions and Estorifi Solutions - with the parent ent... Read More


MoneyX Dialogues Debuts In Bengaluru With 50+ Investors Recasting VC Playbooks

India, Oct. 1 -- It was a breezy evening in late August Bengaluru where, in an august gathering of a group of investors, a chortle broke out. It was loud enough to overhear. Nothing seems more natura... Read More


India Biggest Market For Perplexity, To Set Up Team In Country: CEO Aravind Srinivas

India, Oct. 1 -- India has emerged as the biggest market by user base for Perplexity and it is now planning to set up a team in India, the AI startup's cofounder and CEO Aravind Srinivas said. In an ... Read More