Leonid Radvinsky, the owner of OnlyFans, has taken $631 million from the platform over the past two years, as user engagement and subscriptions continue to rise sharply.
Fenix International, which owns the popular platform known for its diverse range of content creators, reported pre-tax profits of $658 million for the year ending November 2023, according to newly filed accounts. The platform saw…
The Securities and Exchange Board of India (SEBI) has introduced new regulations aimed at simplifying the registration process for Foreign Venture Capital Investors (FVCIs). This move is set to streamline how these investors engage with the Indian capital markets, making the framework more efficient and investor-friendly.
Key Changes in FVCI Registration Process
Under the revised rules, SEBI has…
Turning your idea into a thriving business empire involves a series of deliberate, strategic steps. From identifying the right market need to ensuring long-term profitability, this guide offers a blueprint for success based on personal experience and proven practices. Here’s how to transform your vision into a flourishing enterprise.
1. Define Your Vision
Success begins with clarity. Reflect on…
Acko Ventures into Life Insurance with Innovative Flexi Term Plan
Acko, the popular digital insurance provider, has announced its entry into the life insurance market with the launch of the Acko Flexi Term Plan. This move aims to establish Acko as a comprehensive provider for all types of insurance and protection needs.
Introducing the Acko Flexi Term Plan
The Acko Flexi Term Plan is designed to…
MobiKwik Xtra Faces Backlash Over Withdrawal Policy Changes
MobiKwik’s Xtra platform has recently come under scrutiny after it suspended its ‘anytime withdrawal’ feature, following regulatory changes by the Reserve Bank of India (RBI). The suspension has sparked frustration among users, who report that their investment withdrawals have been restricted and that investments were transferred to…
Payments Firms Face GST Scrutiny
Major payment aggregators, including BillDesk and CCAvenue, have recently been served notices by the Goods and Services Tax (GST) authorities. The notices demand that these firms pay GST on fees charged to merchants for processing digital transactions under Rs 2,000, as reported by The Economic Times.
Vishwas Patel, Joint Managing Director of Infibeam Avenues…
Super.Money Launches New Financial Products
Super.Money, the fintech venture backed by Flipkart, is making headlines with its latest financial innovations. The company, operated by Scapic Innovations, has recently introduced the SuperCard, a co-branded credit card developed in partnership with Utkarsh Small Finance Bank. The SuperCard offers a unique feature: users can secure credit limits…
Government Mulls Extension for Semiconductor Mission
The Indian government is considering extending the fiscal support period for the second phase of the India Semiconductor Mission (ISM) from the current five years to eight years. This move aims to bolster the country’s semiconductor industry and encourage more investments in chip manufacturing and related technologies.
Additional Financial…
Vivek Bansal Steps Down from InCred to Pursue New Opportunity
Vivek Bansal, the Chief Financial Officer (CFO) of InCred Group, has announced his resignation to embark on a new entrepreneurial venture. Bansal will be launching Saarathi Finance, a non-banking financial company (NBFC) that aims to focus on micro, small, and medium enterprises (MSMEs).
New Venture: Saarathi Finance
Saarathi Finance…
Indian tax officials are seeking $101 million from Byju’s, an education-technology company now facing insolvency. Once valued at $22 billion in 2022, Byju’s, supported by General Atlantic, has encountered significant financial troubles due to regulatory challenges and a dispute with U.S. lenders demanding $1 billion in unpaid debts.
Currently managed by court-appointed resolution professional…
