Manish Singh
India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown on Paytm last week has posed existential questions about the future of the leading financial services firm.
Shaktikanta Das, the Reserve Bank of India governor,...
Pakistan has temporarily suspended mobile phone services across the country to combat any “possible threats,” a top ministry said, as the South Asian nation begins its national election.
In a statement, Pakistan’s interior ministry said the move was prompted by recent incidents of terrorism in the country. The internet was...
India is one of the fastest growing economies, yet its supply chain system remains antiquated, operating much as it did decades ago. The logistics sector is highly fragmented, with a majority of small, regional operators lacking scale and efficiency. Regional truckers still rely on brokers and word-of-mouth to secure...
Microsoft’s prescient bets and aggressive investments in AI have propelled the software giant to become the world’s most valuable company. Yet Satya Nadella, its typically reserved chief executive, couldn’t resist landing a gloved jab at the rest of the industry.
“We have the best model today … even with all...
Indian fintech startup CRED has reached an agreement to buy mutual fund and stock investment platform Kuvera as part of an expansion into wealth management.
The $6.4 billion Bengaluru-headquartered startup said it was attracted by Kuvera’s experienced team and expertise in enabling customers to invest directly in mutual funds and...
Reliance Industries-spin off Jio Financial Services said Monday evening that it is not negotiating with Paytm to acquire its wallet business, quashing “speculative” media reports as the Noida-headquartered firm scrambles to put out a fire from the central bank’s clampdown last week.
The Hindu Businessline reported over the weekend that...
Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week looks to have had a more extensive impact than previously anticipated.
The trading was halted after Paytm’s shares fell 10%, the...
Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now airing their complaints about one another publicly.
Byju’s, once India’s most valuable startup, said Friday its investors do not have the voting right to seek leadership changes, a day after a group of shareholders called for...
Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the central bank.
Paytm fell to 487 Indian rupees, or $5.88 within minutes of the market opening, the lowest it has hit in...
A group of large investors in Byju’s has called for an extraordinary general meeting where they seek to change the leadership at Byju’s days after the edtech group launched a rights issue at $25 million pre-money valuation.
The consortium of investors said it has called for the EGM following “many...
