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RBI Proposes Rs.25K Cap On Compensation For Online Frauds

India, March 7 -- The Reserve Bank of India (RBI) yesterday released draft guidelines for a compensation scheme to protect consumers from digital fraud.  Under the proposed regime, aggrieved cus... Read More


Fino Payments Bank Appoints CFO Ketan Merchant As Interim CEO

India, March 7 -- About a week after its MD & CEO Rishi Gupta's arrest, Fino Payments Bank has appointed its CFO Ketan Merchant as its new interim CEO.  The Nomination and Remuneration Committee ... Read More


Rozana Nets Rs.290 Cr To Scale Its Rural Omnichannel Presence

India, March 6 -- Rural India-focussed ecommerce startup Rozana has netted Rs.290 Cr ($31.6 Mn) in a Series B funding round led by existing backer Bertelsmann India Investments (BII), along with parti... Read More


Govt May Consider Relaxing SIM-Binding Rules: Report

India, March 6 -- The Centre is reportedly considering easing some of the proposed SIM-binding rules after industry players raised concerns over the scope of the regulation. The rules, issued by the ... Read More


Govt May Consider Relaxing SIM Binding Rules: Report

India, March 6 -- The Centre is reportedly considering easing some of the proposed SIM binding rules after industry players raised concerns over the scope of the regulation. The rules, issued by the ... Read More


Practo Cofounder Launches Healthtech Startup 'Cent', Raises $5 Mn

India, March 6 -- Healthtech startup Practo's cofounder and CEO Shashank ND has launched a new venture for preventive healthcare called 'Cent'. He has been joined by ex-Ola CMO Anshul Khandelwal and s... Read More


Karnataka To Ban Social Media For Children Below 16

India, March 6 -- In a move aimed at tackling growing concerns around digital addiction and excessive screen time among children, the Karnataka government has proposed banning social media usage for c... Read More


Fractal Q3: Profit Jumps 9% YoY To Rs.100 Cr

India, March 5 -- In its first financial disclosure post listing, AI and advanced analytics startup Fractal reported a 8.5% jump in net profits to Rs.100.1 Cr in the third quarter (Q3) of the fiscal y... Read More


Exclusive: Streetwear Brand Bonkers Corner To Raise $12-15 Mn To Deepen Offline Push

India, March 5 -- Omnichannel streetwear brand Bonkers Corner is in advanced discussions to raise $12-15 Mn in its ongoing Series A funding round, sources told Inc42. The funding round is expected to ... Read More


Jio Financial Services Pumps Rs.147.5 Cr Into Allianz Jio Reinsurance

India, March 5 -- Months after setting up a joint venture (JV) with German insurance major Allianz, Jio Financial Services (JFS) has announced a capital infusion of Rs.147.5 Cr in the JV, Allianz Jio ... Read More