In a significant move towards empowering underserved communities in India, Annapurna Finance Private Limited (AFPL), a leading Micro & SME Finance institution, has secured a whopping $109.5 million through a multilateral syndicated social loan. This financing, arranged by Standard Chartered Bank (SCB), will fuel the company’s efforts to expand financial inclusion, particularly for rural women…
Swiggy, India’s popular food delivery giant, has reported impressive growth in its latest financial results for the July-September quarter of FY25. The company’s revenue surged by a remarkable 30% year-on-year (YoY), reaching ₹3,601.5 crore, up from ₹2,763.3 crore in the same period last year. While Swiggy’s losses have slightly decreased, there’s much more happening at the company…
MapMyIndia, a leading player in digital mapping and location-based services, is making a strategic move to separate its B2C (business-to-consumer) division into a new entity. The new venture, which will be led by the company’s current CEO, Rohan Verma, will focus on consumer products under the Mappls brand. With this decision, MapMyIndia intends to give its consumer business dedicated attention…
India’s crackdown on crypto platforms continues as the government targets 17 leading cryptocurrency companies accused of evading Goods and Services Tax (GST) worth INR 824 crore. The Ministry of Finance has taken action against these companies, recovering over INR 122 crore in taxes, including penalties and interest. Among the firms in focus are WazirX’s parent company, Zanmai Labs, and…
Introduction: PhonePe’s Bold Move to Discontinue Third-Party Partnership with Juspay
PhonePe, one of India’s leading digital payments platforms, has announced it will end its partnership with Juspay, a payment orchestration platform. This decision is a part of PhonePe’s strategy to directly offer payment solutions to its vast network of merchants. As a result, PhonePe will now handle the…
Tech4Billion, the parent company of Chingari, has launched AstroLive, an innovative platform combining astrology and modern tech to provide live consultations with professional astrologers and personalized spiritual guidance.
AstroLive: Connecting Users with Astrology Like Never Before
In an exciting new move, Tech4Billion Media, the parent company of Chingari, has launched AstroLive, a platform…
In a groundbreaking move towards greener logistics, GreenLine Mobility Solutions Ltd., a division of the Essar Group, has partnered with Flipkart to launch liquefied natural gas (LNG)-powered trucks for the e-commerce giant’s supply chain. This collaboration is part of Flipkart’s ongoing efforts to reduce its environmental footprint and contribute to India’s sustainability goals. Here’s a…
Introduction: A New Era in Cybersecurity with HCLTech and Google Cloud
In today’s digital world, cyber threats are constantly evolving, putting businesses at risk every day. To tackle this growing challenge, Indian IT company HCLTech has partnered with tech giant Google Cloud to offer cutting-edge Managed Detection and Response (MDR) solutions driven by Artificial Intelligence (AI). This new…
In an exciting development, WadzPay Worldwide Pte. Ltd., a leading blockchain-based technology provider, has secured a SGD $50 million investment commitment from GEM Global Yield LLC SCS. This funding will support WadzPay’s ambitious growth strategy, which includes acquisitions, partnerships, and organic growth initiatives.
This major investment signals a new chapter for WadzPay as it works…
Tata Consultancy Services (TCS), one of India’s largest technology companies, has taken a big step towards advancing digital health, robotics, and AI with its latest partnership with IIT Kharagpur. Together, they have set up an advanced research center in Kolkata that promises to push the boundaries of innovation in technology. This new center is a major milestone in TCS’s strategy to…
