PayMate, a leading digital B2B payments company in India, has announced a strategic partnership with NPCI Bharat BillPay Ltd. (NBBL) to introduce the PayMate BBPS-B2B platform. This cutting-edge platform aims to overhaul the commercial payment landscape in India by enhancing the efficiency of invoicing, payments, and collections, and fostering a seamless, interoperable ecosystem between buyers and…
Awfis Space Solutions, one of India’s leading providers of flexible workspaces, has recently made headlines with its significant corporate moves. On August 22, the company’s share price surged by over 15%, reaching a new peak of ₹909.75 per share on the National Stock Exchange (NSE). This notable rise comes in the wake of Awfis’s announcement regarding its expansion plans and a strategic…
Generative AI is increasingly shaping the startup landscape, offering a range of tools that enhance efficiency and speed for new businesses. Despite the buzz surrounding technologies like ChatGPT, the precise impact on economic activity is still emerging. Many businesses, particularly smaller ones, are grappling with how to harness these tools effectively.
Sean Ammirati, a professor at Carnegie…
IndiGo Co-Founder Rakesh Gangwal to Sell 3.8% Stake for Rs 7,100 Crore
Rakesh Gangwal, co-founder of India’s largest airline IndiGo, is poised to reduce his stake in the company further, with plans to divest approximately 3.8% of his holdings in InterGlobe Aviation, the parent company of IndiGo. This strategic move is valued at around Rs 7,100 crore ($8.5 billion) and is part of Gangwal’s…
In a bold expansion into the financial technology sector, Zoho Corporation has announced the launch of Zoho Payments, a new solution tailored to enhance business-to-business (B2B) transactions. The company, known for its suite of software as a service (SaaS) products, aims to streamline payment processes for businesses by integrating this new offering with its existing financial and operational…
The Competition Commission of India (CCI) has given the green light to the merger between Reliance Industries and Walt Disney’s Indian media assets, a deal valued at $8.5 billion. This landmark approval moves the two media giants closer to forming a powerful entertainment conglomerate poised to compete with global heavyweights like Amazon, Netflix, and Sony Pictures Networks.
The CCI’s…
Reliance Industries (RIL) is in the spotlight on August 29, 2024, as it holds its 47th Annual General Meeting (AGM). The company’s shares have reached a new milestone, crossing the Rs 3,000 mark in early trading, buoyed by investor anticipation surrounding Mukesh Ambani’s forthcoming address. The stock traded at Rs 2,999 apiece with a market capitalization of Rs 20.29 lakh crore, touching an…
India’s Eros Investments, through its Immerso AI-IP unit, is set to invest $1 billion in Malaysia to develop a state-of-the-art artificial intelligence park and movie studio, according to a statement from Malaysia’s digital ministry on Thursday.
The ambitious project will include the establishment of an AI university and a data center within the park. This significant investment is anticipated…
Plutos ONE, a prominent Delhi-based technical service provider for the Bharat Bill Payments System (BBPS), has successfully raised $2 million in a seed funding round led by StartupXseed. The funding round also attracted investment from Genesia Ventures, Auxano Capital, Raghuvanshi Investments, and several other notable investors.
This latest round of funding follows an earlier angel investment…
In a bid to enhance the payment experience for merchants and consumers alike, Pine Labs, a leading player in the digital payments space, has introduced the Pine Labs Mini. This new point-of-sale (PoS) device is designed to bridge the gap between QR code and card payments, offering a versatile and cost-effective solution for modern transactions.
The Pine Labs Mini stands out in the crowded PoS…
