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…
BlackRock Advisors Singapore and Jio Financial Services Form Strategic Joint Venture in India
On September 6, 2024, BlackRock Advisors Singapore Pte. Ltd. and Jio Financial Services Ltd. announced the formation of a new joint venture, Jio BlackRock Investment Advisers Private Limited. This new entity aims to provide comprehensive investment advisory services in India, marking a significant step in…
Nykaa Expands Leadership Team
Nykaa, a leading beauty and fashion retailer in India, has announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. This strategic move aims to accelerate the growth of Kay Beauty, a popular celebrity beauty brand launched in collaboration with Bollywood actress Katrina Kaif.
Driving International Growth for Kay…
Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat.
According to Tata Sons’ 106th annual report, the new plants are part of a broader…
