Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

My flight was delayed by over 3 hours. The carrier did not compensate for it. Here's how it unfolded

<ul><li>India's edtech major <keyword id="2900267" type="General" weightage="80" keywordseo="byju" source="Orion">BYJU</keyword>'s to release financial report after 18 months of delay. </li><li>Last valued at $22 billion, the edtech company faced larger scrutiny from the government over its audit reports. </li><li>BYJU's made 10 acquisitions last year for a cumulative transaction value of about $2.5 billion. </li><li>The company is likely to raise over $500 million</li></ul>After nearly 18 months delay of "ironing out the complexities", edtech major BYJU's is all set to reveal its financial report for FY21 on Wednesday, according to reliable sources. Facing intense scrutiny from the government over the long delay, the company had received an 'unqualified' report from auditor <keyword id="6358918" type="General" weightage="50" keywordseo="deloitte" source="Orion">Deloitte</keyword> late last month. According to sources, there is going to be a substantial difference between the projected sales and the audited revenue in BYJU's FY21 financial results. Last valued at $22 billion, the edtech company faced larger scrutiny from the government as it failed to submit its audited financial report. According to its FY20 financial report, the company registered revenue of ₹2,434 crore and a net profit of ₹ 51 crore. However, this time will be different as BYJU's made 10 acquisitions last year for a cumulative transaction value of about $2.5 billion, and some of those are not performing up to the mark in the hybrid world. According to people close to the matter, an 'unqualified' report from Deloitte came as a major sigh of relief for the company that has been under pressure to file its FY21 audited report amid delay and scrutiny. The last few months of delay were "unfortunate" and a clean Deloitte audit report instilled "a lot of confidence in the board members of BYJU's". The long delay alarmed the <keyword id="6376435" type="General" weightage="50" keywordseo="ministry-of-corporate-affairs" source="Orion">Ministry of Corporate Affairs</keyword> (MCA) which sent a letter to BYJU's last month, asking the edtech giant to explain the delay in filing its audit report for FY21. So far, BYJU's has raised over $6 billion in funding, and aims to file an IPO in the US through the Special Purpose Acquisition Company (<keyword id="1817616" type="General" weightage="50" keywordseo="spac" source="Orion">SPAC</keyword>) route. The company is likely to raise over $500 million (nearly Rs 3,900 crore) at a valuation of around $23 billion soon. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/apple-makes-iphone-14-series-more-climate-friendly-with-recycled-elements/articleshow/94173470.cms">Apple makes iPhone 14 series more climate-friendly with recycled elements</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/spurt-in-social-gatherings-post-covid-is-boosting-alcohol-sales-in-india/articleshow/94172508.cms">Spurt in social gatherings post-Covid is boosting alcohol sales in India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/a-fire-at-an-ev-showroom-has-killed-8-several-injured-while-trying-to-escape/articleshow/94167880.cms">A fire at an EV showroom has killed 8, several injured while trying to escape</a>

BYJU's set to release FY21 financial report, sales may see significant drop

Amid the ongoing startup gloom comes good news in fintech unicorn <keyword id="19944449" type="General" weightage="20" keywordseo="incred" source="keywords">Incred</keyword> which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22, a more than 3.5 times growth. Incred's revenue surged 77.46 per cent to Rs 866 crore during FY23 from Rs 488 crore in FY22, according to its financials with the Registrar of Companies (RoC). The finance cost (interest expenses) was up 62.6 per cent to Rs 356 crore in FY23 from Rs 219 crore in FY22, as the company scaled its operations, according to an Entrackr report. Incred has likely built a loan book of Rs 7,500 crore within the last six years. Late last month, the fintech lender became India's second unicorn of 2023 (the other being quick commerce startup <keyword id="19939134" type="General" weightage="20" keywordseo="zepto" source="keywords">Zepto</keyword>) after raising $60 million from new and existing investors. <keyword id="20112130" type="General" weightage="20" keywordseo="incred-wealth" source="keywords">InCred Wealth</keyword>, the wealth management subsidiary of InCred, led the funding round with investing $36.76 million, followed by MEMG Family Office at $9 million. Ravi <keyword id="20112129" type="General" weightage="20" keywordseo="pillai" source="keywords">Pillai</keyword>, Chairman at RP Group of Companies, and <keyword id="19960548" type="General" weightage="20" keywordseo="ram-nayak" source="keywords">Ram Nayak</keyword>, Co-Head of Deutsche Bank, invested $5.4 million and $1.2 million, respectively. InCred Special Opportunities Fund VCC, Singapore-registered entity of InCred, Varanium Capital Advisors and NABS <keyword id="20112128" type="General" weightage="20" keywordseo="vriddhii" source="keywords">Vriddhii</keyword> also participated in the round. With this funding, InCred is now valued at more than $1.03 billion. The firm last raised $68 million in a debt funding round from public sector banks and public financial institutions. <keyword id="19901323" type="General" weightage="20" keywordseo="zomato" source="keywords">Zomato</keyword> in 2022 entered into a strategic partnership with fintech lender InCred for "hassle-free" credit facilities. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/mercedes-benz-gls-gets-11-lakh-more-expensive-in-india-after-facelift/slidelist/106637475.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/mercedes-benz-gls-gets-11-lakh-more-expensive-in-india-after-facelift/slidelist/106637475.cms" target="_blank">Mercedes-Benz GLS gets ₹11 lakh more expensive in India after facelift</a><a href="https://www.businessinsider.in/sports/webstories/indias-t20-squad-for-afghanistan-show-world-cup-trials-are-on/slidelist/106633092.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/indias-t20-squad-for-afghanistan-show-world-cup-trials-are-on/slidelist/106633092.cms" target="_blank">New and veteran names in India’s T20 squad for Afghanistan show World Cup trials are on</a><a href="https://www.businessinsider.in/business/auto/webstories/top-10-electric-cars-sale-in-india-in-december-2023/slidelist/106627784.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-10-electric-cars-sale-in-india-in-december-2023/slidelist/106627784.cms" target="_blank">Tata Motors dominates the EV car market in December with Tiago leading the charge</a>

Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

Market regulator <keyword id="19901201" type="General" weightage="100" keywordseo="Sebi" source="keywords">SEBI</keyword> has issued notice to fintech firm <keyword id="20253123" type="General" weightage="20" keywordseo="One97-Communications" source="keywords" meta.keywordsubtype="org" meta.entityname="One97 Communications" meta.hostid="261" meta.entityid="One97 Communications">One97 Communications</keyword>, which owns the <keyword id="19898109" type="General" weightage="20" keywordseo="Paytm" source="keywords">Paytm</keyword> brand, for the employee <keyword id="20410988" type="General" weightage="20" keywordseo="stock-options" source="keywords">stock options</keyword> (<keyword id="20043663" type="General" weightage="20" keywordseo="ESOPs" source="keywords">ESOPs</keyword>) allocated to MD and CEO <keyword id="20004114" type="General" weightage="20" keywordseo="vijay-shekhar-sharma" source="keywords">Vijay Shekhar Sharma</keyword>, according to the company filing on Monday. In response to a query from stock exchanges, Paytm said the notice is not a new development, and it is in regulatory contact with the market regulator to make required representations. According to Paytm's financial year 2024 annual result filing, it had issued 2.1 crore employee stock options (ESOP) to Sharma in the financial year 2022. SEBI had issued a show cause notice to Paytm on ESOP issued to Sharma. "This is not a new development, as the Company had already made relevant disclosures on this matter in its financial results for the quarter and year ended March 31, 2024, as well as the quarter ended June 30, 2024. The Company is in regular communication with the <keyword id="19970553" type="General" weightage="20" keywordseo="securities-exchange-board-of-india" source="keywords">Securities Exchange Board of India</keyword> (SEBI) and making necessary representations regarding this matter," Paytm said in response to a stock exchange query. The disclosure made on May 22 and July 19 said that Paytm has submitted its preliminary response and is in the process of seeking further information from the regulator in this regard. "Based on an independent legal opinion obtained by the management, it believes that the Company is compliant with the relevant regulations. Accordingly, there is no impact on the financial results for the year ended March 31, 2024," the filing said. Shares of One97 Communications Ltd, which owns the Paytm brand, on Monday dropped over 4% amid reports that SEBI has issued show-cause notices to Vijay Shekhar Sharma and board members who served during its IPO in November 2021 for alleged misrepresentation of facts. The stock tanked 4.41 % to settle at Rs 530.05 apiece on the BSE. During the day, it plunged 8.88 % to Rs 505.25. On the NSE, shares of the firm dropped 4.47 % to Rs 530. Intra-day, the stock tumbled 8.88 % to Rs 505.55. The company's market valuation declined by Rs 1,534.23 crore to Rs 33,731.56 crore. Earlier in the day, BSE sought clarification from One 97 Communications Ltd with reference to news that Vijay Shekhar Sharma, Paytm directors face SEBI show-cause notices over initial public offering (IPO) breaches, particularly on ESOPs allotted to MD and CEO Vijay Shekhar Sharma. In response to a query from stock exchanges, Paytm said the notice is not a new development, and it is in regulatory contact with the markets regulator to make required representations.

SEBI issues notice to Paytm on ESOPs given to CEO Sharma; firm says disclosure already made

CMS Info Systems, PB Fintech, Power Grid and other hot stocks on the last trading day of the year

PB Fintech, Sigachi Industries, Nykaa and other top stocks in news on November 15

<ul><li>The UK-based <keyword id="3165837" type="General" weightage="20" keywordseo="Fintech-company" source="Orion">fintech company</keyword> is looking forward to hiring 600 tech professionals by the end of 2026.</li><li>Earlier this year in June, the financial services company also announced its hiring plans of 1,000 people in India.</li><li>Click <a href="https://www.businessinsider.in/newsletter-17-december-2021/binewsletter/88306447.cms?utm_source=bi&amp;utm_medium=email_newsletter&amp;utm_campaign=Business_Insider_Newsletter">here</a> for simple, fun and yet insightful explainers on the hottest news developments every week.</li></ul><keyword id="45792" type="General" weightage="20" keywordseo="Tide" source="Orion">Tide</keyword>, a United Kingdom-based financial and banking services platform, is looking forward to hiring 600 tech professionals by the end of 2026 for its office in Hyderabad, which is the tech centre of the company in India. The neobank ⁠— which operates in partnership with RBL Bank in India ⁠— needs 300 engineers, with a particular focus on backend engineers in Java and Python, across various roles. It is also looking for experts in data science and Flutter. Founded in 2015 and launched in 2017, the fintech ⁠— valued at $650 <a href="https://timesofindia.indiatimes.com/business/india-business/tide-raises-100-million-in-series-c-funding/articleshow/84341739.cms">million</a> ⁠— will include training and hiring fresh graduates from institutes like Indian Institutes of Technology (IIT), National Institute of Technology (NIT) through an ‘Internship to hire’ programme. Interns who successfully complete the programme will be offered a full-time opportunity. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What is Tide? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What does it do? </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">A digital financial and banking services platform with its India headquarters in Hyderabad and Gurgaon. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Offers business accounts, related banking services and administrative solutions to small and mid-size enterprises (SMEs) </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Earlier this year in June, the financial services company also announced its hiring plans of 1,000 people in India. “So out of 1,000, 200 have already been hired and overall, we have a team size of over 350 today in India,” <keyword id="12753669" type="General" weightage="20" keywordseo="gurjodhpal-singh" source="Orion">Gurjodhpal Singh</keyword>, chief executive officer (CEO) at Tide (India) told Business Insider in an interaction. Other than tech professionals, the company will also be hiring people across business profiles for their Gurugram office, which is the business hub of the company. He further said, “Along with techies, we are also actively hiring for business teams and business roles. So that is another aspect of the 1,000 employees that we are looking to hire.” When asked about how the company will fund the new hiring plans, he said, “We have raised a decent Series-C earlier this year. So, both these put together put us in a position where now we can invest into further growth and that is what we are intending to do. Our growth journey will also be focused on growing in terms of revenue and market share. All that will go into investing into a larger team and building a more robust product.” <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total funding raised so far </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Key investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Key competitors </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$195.2 million Source: Crunchbase </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Augmentum Fintech, Apax Digital, Passion Capital and SBI Group </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">InstantPay, Open, Revolut etc. </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> In an interview with Business Insider, Singh, also mentioned the aggressive growth plans in India in the next five years but did not reveal much details. He said, “ We have aggressive growth plans for the next 5-years. Considering that India has 10% of global SMEs, our aspiration is to impact 25% of the global SME base through Tide.” Singh mentioned his plans about launching new products in the Indian market and setting up of new offices in different states of the country. “ In parallel we will also be expanding our product foothold across the country, apart from Delhi and Hyderabad with our banking partner (RBL Bank). We're a very open and agile organization and would be open about moving into some more cities as well in India if need be. But for now, this is the plan,” said Singh. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/bank-of-baroda-recruitment-check-all-the-details-including-eligibility-last-date-to-apply/articleshow/88383348.cms">Bank of Baroda is looking for at least 52 engineers in Mumbai and Hyderabad to improve the app, user experience and quality</a>

British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram

<ul><li>The <keyword id="30067" type="General" weightage="20" keywordseo="rbi" source="Orion">RBI</keyword> has been amongst the most vocal opposition for cryptocurrencies in India.</li><li>The new department is being formed to oversee new challenges coming from the <keyword id="2461546" type="General" weightage="20" keywordseo="fintech" source="Orion">fintech</keyword> ecosystem, including <keyword id="2721952" type="General" weightage="20" keywordseo="crypto" source="Orion">crypto</keyword>.</li><li>India will reportedly make two CBDCs, one each for wholesale and retail.</li></ul>The Reserve Bank of India (RBI), which is the central authority overseeing banking in India, has opened a dedicated department for fintech that will help create regulations for cryptocurrency and its upcoming central bank digital currency (<keyword id="6791630" type="General" weightage="20" keywordseo="cbdc" source="Orion">CBDC</keyword>), says a <a href="https://www.coindesk.com/business/2022/01/08/indias-central-bank-creates-fintech-department-as-challenges-posed-by-crypto-cbdc-grow/">report</a> by Coindesk. The report also said that the bank is working on two kinds of CBDCs — wholesale and retail — and that the new department will be tasked with overseeing their development. The department will be overseen by Ajay Kumar Choudhary, who is currently the chief general manager of the RBI. <cmsannotation type="cmsannotation" annotationid="RBI’s past with cryptocurrency" comment="subhead" text="RBI’s past with cryptocurrency">RBI’s past with cryptocurrency</cmsannotation> To be sure, the department is meant to oversee “new age challenges” arising from fintech applications, and crypto is only a part of its brief, which means that while the department will oversee cryptocurrencies and their challenges, it may not necessarily be first on its agenda. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> The RBI, and particularly its governor <keyword id="6359111" type="General" weightage="20" keywordseo="shaktikanta-das" source="Orion">Shaktikanta Das</keyword>, has been one of the most vocal opposers of cryptocurrency in India. Das has warned against the use of cryptocurrency in the country on multiple occasions, and <a href="https://www.businessinsider.in/cryptocurrency/news/rbi-governor-shaktikanta-das-raises-concerns-on-crypto-again-even-as-india-looks-at-regulation/articleshow/87771963.cms">raised concerns</a> about the increasing amount of wealth being put into crypto-trading in India. While an exact estimate of the total number of crypto traders and users in India isn’t readily available, the country’s largest crypto exchanges have claimed to have millions of users. Nischal Shetty, the founder of WazirX, which is said to be the country’s largest crypto exchange by trading volumes, has claimed that the country had a total of 20 million crypto users in the <a href="https://economictimes.indiatimes.com/tech/technology/india-does-not-have-100-million-crypto-users-wazirx-founder/articleshow/87280576.cms?from=mdr">fourth quarter of CY2021</a>. <cmsannotation type="cmsannotation" annotationid="Where does India’s crypto legislation stand?" comment="subhead" text="Where does India’s crypto legislation stand?">Where does India’s crypto legislation stand?</cmsannotation> India has also been formulating a law to regulate cryptocurrencies for the better part of a year now. The bill in question first appeared on the agenda for the budget session of the Parliament in January 2021, but wasn’t tabled during the ensuing session. Finance Minister Nirmala Sitharaman and other ministers have also dropped hints of what the bill may contain, and it also appeared on the agenda for the recently concluded Winter Session of the Parliament. The RBI’s move may come as good news for the industry, which has been asking for crypto regulations for quite a while now. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/an-nft-collection-of-10000-wall-street-bulls-sold-out-in-32-minutes-and-soon-risk-hungry-collectors-can-double-down-or-lose-it-all-with-new-gamification-feature/articleshow/88794334.cms">An NFT collection of 10,000 Wall Street bulls sold out in 32 minutes, and soon risk-hungry collectors can double down or lose it all through a new gamification feature</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/metaverses-with-top-in-house-rules-will-be-the-most-successful-ones-as-people-look-for-where-to-live-their-best-virtual-lives-a-crypto-boss-says/articleshow/88790479.cms">Metaverses with top in-house rules will be the most successful ones as people look for where to live their best virtual lives, a crypto boss says</a>

India’s central bank appoints department to regulate crypto exchange, formulate CBDCs

CRED founder says India has shown clear intent in supporting fintech

<ul class="summary-list"><li>New Delhi-based fin<keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech">tech</keyword> firm Bharatpe offers motorcycles to new tech employees in a bid to hire more staff.</li><li>New hires can also choose a gadget package that includes a smart watch, an iPad Pro, and streaming subscriptions.</li><li>The firm is trying to get an edge in its <keyword id="6357342" type="UNKNOWN" weightage="60" keywordseo="Hiring">hiring</keyword> push as <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword> suffers a severe shortage in skilled IT professionals.</li></ul>With IT manpower running low in India, one fintech firm looks to stand out by offering something different from the usual perks and benefits - a motorcycle for each new hire in its tech team.New Delhi-based fintech company Bharatpe lets its new employees choose from five motorcycles, such as a BMW model <a href="https://www.zigwheels.com/newbikes/BMW/G310R">worth around $3,400</a> or about <a href="https://www.glassdoor.co.in/Salaries/it-professional-salary-SRCH_KO0,15.htm">3 months' salary for the average IT professional there.</a>If a bike isn't your fancy, Bharatpe also offers a gadget package that includes an iPad Pro with a pencil, Marshall speakers, Bose headphones, a Samsung Galaxy watch, a $330 bicycle, and subscriptions to Netflix, Apple TV, and Amazon Prime, <a href="https://tech.bharatpe.com/">according to its website.</a>Last week, <a href="https://www.linkedin.com/feed/update/urn:li:activity:6826414398748278784/">Bharatpe CEO Ashneer Grover posted on LinkedIn</a> that his company would extend these perks to its existing tech team and to <a href="https://product.bharatpe.com/">new product managers as well. </a>To sweeten the deal even further, the company said it would host employees in Dubai at the same time the Cricket T20 World Championship is held there from October to November this year. Cricket is widely considered <a href="https://www.reviewadda.com/institute/article/147/top-10-popular-sports-in-india">India's most popular sport.</a>Bharatpe, which has five offices around India and runs a QR payment service for shop owners, is trying to <a href="https://timesofindia.indiatimes.com/business/india-business/bharatpe-to-hire-100-people-for-tech-team-in-fy22/articleshow/84552113.cms">expand its tech team by 100 peopl</a>e amid a free-for-all among India's tech companies for experienced IT talent, <a href="https://pages.awscloud.com/APAC-public-DL-APAC-Digital-Skills-Research-2021-learn.html?sc_channel=sm≻campaign=APAC_WWPS_GATED_apac-digital-skills-research-report-en_20210217_7014z000001MTPv≻medium=sm_≻content=REG_download_wwps≻geo=apac≻country=mult≻outcome=reg&amp;trkCampaign=ps&amp;trk=pr_apac_blogCampaign=ps&amp;trk=pr_apac_blog">reported The Times of India.</a> Other firms are offering candidates cash to take assessment tests regardless of whether they land a job, while some companies tout free iPhones and flexible working hours, per The Times. Recruitment firms there have been hard-pressed to fulfill the demand for IT staff, it reported.Techies have been in severely short supply over the last two years as India's IT market grows, <a href="https://www.livemint.com/technology/tech-news/indian-it-cos-struggle-to-fill-digital-skills-gap-11626025655102.html">reported local media.</a>To keep up with technology advancements, the country will need to increase its number of workers with digital skills by nine times by 2025, <a href="https://pages.awscloud.com/APAC-public-DL-APAC-Digital-Skills-Research-2021-learn.html?sc_channel=sm≻campaign=APAC_WWPS_GATED_apac-digital-skills-research-report-en_20210217_7014z000001MTPv≻medium=sm_≻content=REG_download_wwps≻geo=apac≻country=mult≻outcome=reg&amp;trkCampaign=ps&amp;trk=pr_apac_blogCampaign=ps&amp;trk=pr_apac_blog">said a report commissioned by Amazon Web Services this year.</a>Bharatpe did not immediately respond to Insider's request for comment.

An Indian fintech firm is offering its new hires BMW motorcycles and trips to Dubai so it can beat the IT staffing crunch there

<ul><li>Google just announced the 10 startups that have been shortlisted for the second calls of its Launchpad Accelerator program in India.</li><li>All of the startups on the list have used artificial intelligence and machine learning to formulate their products.</li></ul> Google just announced the second wave of startups selected for their Launch Accelerator program in India. And, all the startups on the list feature use artificial intelligence (AI) and machine learning (ML) in one or the other component of their businesses. The program kicks off today with a one week mentorship programme boot camp organised by Google in Bengaluru which will be followed by more classes in April and May to address more specific issues — lasting a total of three months. Aside from guidance, Google will also provide support for AI and ML, cloud computing, developing user interfaces, using the Android platform, online presence, product strategy and marketing. And depending on the startup, they will be receiving Google Cloud Credits between $20,000 (₹1.3 million) to $100,000 (₹6.9 million). Meet the 10 startups that were shortlisted for Google’s second class of the Launchpad Accelerator program in India: 1. Opentalk Opentalk is an app that allows users to reach out to other users all over the world to hone their language skills. So users can meet new people that speak the language that they’re looking to learn. They also have the options for users to follow trending topics in case their looking to engage on a particular issue. OpenTalk already has a 100 languages, 150 countries and 1500 colleges using their app. 2. THB THB stands for Technology, Healthcare and Big Data Analytics and a pretty accurate description of the what the company does. Using technology they standardise data on healthcare to help healthcare providers and medical practitioners with different use cases like PEP (Personalised Patient Care), medical sales force productivity booster and clinical decision support. Based out of Gurgaon, the clinical intelligence company is currently present in 50 cities across 12 states in India. 3. Perceptiviti Data Solutions Having started out in 2017, Perceptiviti Data Solutions focused on finding solutions for fraud and risk management in insurance, financial services and digital payment services. Their flagship product called ‘Sherlock’ is a fraud detection platform that claims 90% accuracy after having assessed over one million insurance claims using AI. 4. DheeYantra DheeYatra is already in use by the Syndicate Bank and Indian Institute of Management Ahmedabad. It’s an AI platform that currently helps businesses operate across 8 different Indian languages. With the help of AI, the company has developed chatbots and solutions in natural language processing (NLP), optical character recognition (OCR), and Indic transliteration. Brand names, scanned images and even a whole website can be translated into various Indian vernacular languages using their application programming interfaces (APIs). 5. FinancePeer Just like there are peer-to-peer (P2P) online marketplaces for cars and used goods, FinancePeer is a P2P lending company that connects lenders with borrowers online. Users can sign up as borrowers or lenders after the platform analyses their borrower credit score using AI that taps into multiple parameters including social profiles. The company claims that it only takes 10 minutes to set up a profile online and since it’s an open marketplace, borrowers will only face competitive and low interest rates. Lenders, on the other hand, can allegedly get returns upto 37% per annum. 6. SmartCoin Gunning for financial inclusion in India, SmartCoin is another lending app that uses AI and machine learning to assess the risk profile of a borrower. The app main goal is to provide short-term credit to the underserved and low-income households in India. So far, SmartCoin has a 100,000 users and has shelled out over 300,000 loans. 7. HRBOT Finding new candidates for a job can be excruciating process without a filtering mechanism in place. HRBOT, using AI and machine learning to scan the 120,000 job seekers on its platform to find applicants that would be best suited for a particular post according to the requirements that recruiters share. It company’s main selling point is that it has access to candidates in tier-2 and tier-3 cities in India. 8. Savera.ai The use of solar panels to reduce the burden of electricity requirements and its positive environment impact are no secret. But since the technology is still relatively new in India, Savera.ai helps users decide whether or not their roof is ready for a solar panel by issuing a ‘Sun Score’. The ‘Sun Score’ is the final ranking of how ready an individual’s house is for a solar panel after analysing the location of a users’ house, identifying the rooftop, running a weather analysis and taking individual state’s solar policy into account. And, should a user choose to set up a solar panel, savera.ai has chatbot support to get them setup with local service providers. 9. Kaleidofin This is essentially a financial management tool. Users can set their financial goals and Kaleidofin will suggest how much user should saved each month while taking financial volatilities into account. Since the profile is tailored for each user, how a user’s savings should be used is also diversified over different financial products including ways to invest using a data driven model to estimate the income level, saving capacity and financial health of customers. It’s already being used by many mutual funds in India like Aditya Birla Capital, Franklin Templeton Investments, HDFC Mutual Fund, ICICI Prudential Life Insurance, and SBI Mutual Fund. 10. Adiuvo Diagnostics The company isn’t just an app or a platform — but has an actual physical device which can detect and classify skin infections in under 2 minutes. It’s easy for doctors because the ‘Skin-Scope’ is a handheld medical device and the pro for patients is that the whole diagnostic process is non-invasive. Kaleidofin and Adiuvo Diagnostics are the only two startups selected that have women entrepreneurs at the helm. Google initially started the Launchpad Accelerator Program globally back in 2016. The very first batch of the Launchpad Accelerator that was originally a 6-month mentorship at the Google headquarters in California included Nestaway, a Ratan Tata investment that helps users find homes without a broker. Another well known startup, ShareChat — a social networking chat platform that uses local Indian languages — was also a part of the Launchpad Accelerator in the second batch. The Launchpad Accelerator India was only introduced by Google in July 2018 that saw startups like Multibhashi, OliveWear and Genrobotics. Aside from India, the program also operates in Sao Paulo, Tel Aviv, Nigeria, Tokyo and Singapore. So far, it has mentored 30 startups in India through its global accelerator programme. See also: <a href="https://www.businessinsider.in/Heres-how-to-make-it-to-Googles-Launchpad-AcceleratorProgram/articleshow/52359183.cms" style="">Here’s how to make it to Google's Launchpad Accelerator Program</a> <a href="https://www.businessinsider.in/heres-what-is-in-store-for-these-7-indian-startups-selected-for-googles-launchpad-accelerator-program/articleshow/55682687.cms" style="">Here's what's in store for these 7 Indian Startups selected for Google's Launchpad Accelerator Program</a>

Google will groom these 10 Indian startups that use AI and machine learning

<ul><li>The Indian government plans to put its cryptocurrency bill up for discussion during the Winter Session of Parliament, which will run from November 29 to December 23.</li><li>It had put the bill on its agenda in February as well, during the Budget Session, however the proposed laws were never presented.</li><li>Questions remain around what the Indian government means when referring to ‘private’ cryptocurrencies and what it deems to be ‘exceptions’.</li></ul>The Indian government plans to put its cryptocurrency bill up for discussion in Parliament during the upcoming Winter Session. But, as we saw during the Budget Session in February — when the cryptocurrency bill was originally listed on the Parliament’s agenda — just because something is listed on the agenda, doesn’t necessarily mean it’s going to see the light of day. Not only is the name of the bill to be introduced identical — The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 — whoever drafted the agenda didn’t even change the description of what the government is looking to discuss. However, the more prominent point of debate is that the proposed law “seeks to prohibit all private cryptocurrencies in India,” while allowing for “certain exceptions.” Despite the complexities of what this may represent, the crypto community in India — especially those at the helm of startups and crypto exchanges — welcome the news. Sources told Business Insider that the law is likely to be a more relaxed version of the <a href="https://prsindia.org/billtrack/draft-banning-of-cryptocurrency-regulation-of-official-digital-currency-bill-2019">2019 cryptocurrency bill</a>, wherein all cryptocurrency activity would have been prohibited. However, no official version of the cryptocurrency bill has been made public so far. <div type="ExtQuote" text="“This is a big moment for India. From a banking ban in 2018 to listing the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Parliament's winter session… It speaks volumes about how India is determined to dominate the web 3.0 era.”" auname="Nischal Shetty, the founder of Indian crypto exchange WazirX, told Business Insider in a statement"></div> <cmsannotation type="cmsannotation" annotationid="Could there be another crypto ban on the cards?" comment="subhead" text="Could there be another crypto ban on the cards?">Could there be another crypto ban on the cards?</cmsannotation> Sources within the crypto space in India opine that it’s unlikely that the Indian government will ban all cryptocurrency. In the past, when the central bank — the Reserve Bank of India (RBI)-- tried to put a stop to all cryptocurrency trading in the country, it was overruled by the Supreme Court. “Yes, theoretically, a government can say yes to CBDCs and no to private cryptocurrencies but you have problems both from a development perspective — stifling the software ecosystem and creator ecosystem — as well as from a legal perspective, where it could be challenged that it is unconstitutional,” <a href="https://www.businessinsider.in/cryptocurrency/news/why-india-ban-on-cryptocurrencies-is-not-possible/articleshow/87390005.cms">Jaideep Reddy</a>, a technology lawyer with Nishith Desai Associates (NDA) specialising in the field of crypto, fintech and tech policy, told <a href="https://www.businessinsider.in/cryptocurrency/news/why-india-ban-on-cryptocurrencies-is-not-possible/articleshow/87390005.cms">Business Insider</a> during a webinar titled ‘The Framework: Crypto Regulation And India’. Moreover, the Central Board of Secondary Education (CBSE) and the Indian state of Maharashtra are using blockchain solutions to make certificates tamper proof. “A lot of these blockchain use cases won’t work without a thriving and enabled cryptocurrency ecosystem,” explained Reddy. <cmsannotation type="cmsannotation" annotationid="India knows it can’t ignore cryptocurrencies any more" comment="subhead" text="India knows it can’t ignore cryptocurrencies any more">India knows it can’t ignore cryptocurrencies any more</cmsannotation> Regardless of whether the Indian government is in favour of cryptocurrencies or not, there is too much happening in the space for it to continue turning a blind eye. <div type="ExtQuote" text="&quot;We welcome the move from the government. A well assessed and thought through regulation would pave the way for greater adoption of the technology and will help millions of Indians embrace this new age asset class. We are looking forward to the next steps on this.&quot;" auname="CoinDCX’s spokesperson told Business Insider in a statement"></div> Barely a week ago, during a forum hosted by the Australian Strategic Policy Institute, India’s Prime Minister <keyword id="6354477" type="General" weightage="20" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> issued a stern warning. “It’s important that all democratic nations work together on it and ensure it does not end up in the wrong hands, which can spoil our youths,” he said. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-wants-dogecoin-investors-to-be-protected-as-binance-extends-withdrawal-freeze-by-another-week/articleshow/87871139.cms">Elon Musk wants Dogecoin investors to be ‘protected’ as Binance extends withdrawal freeze by another week</a> <a href="https://www.businessinsider.in/investment/news/jrr-tolkiens-lawyers-shut-down-lotr-themed-cryptocurrency/articleshow/87871548.cms">JRR Tolkien’s lawyers shut down LOTR-themed cryptocurrency</a>

India’s cryptocurrency bill is going up for discussion in December — but it seems to be beating to same rhythm as 10 months ago

In a block deal, 3.4 per cent equity (or 2.1 crore shares) of <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword>'s parent company One97 <keyword id="4584578" type="General" weightage="50" keywordseo="communications-ltd" source="Orion">Communications Ltd</keyword> (OCL) changed hands on Friday. Sources in the know of the development say that Chinese multinational Alibaba has sold its entire stake in Paytm in today's block deal. With this sale, Alibaba is no longer a stakeholder in Paytm. The company had sold around 3.1 per cent of 6.26 per cent equity in Paytm in January. This latest deal almost completes Alibaba's exit from <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> since it had earlier sold its stakes in <keyword id="830092" type="General" weightage="20" keywordseo="zomato" source="Orion">Zomato</keyword> and <keyword id="964794" type="General" weightage="20" keywordseo="bigbasket" source="Orion">BigBasket</keyword>. The news will bring cheer to the market as it ends the Chinese stakeholding in the homegrown Paytm. Paytm's shares have been rallying in the last few days since it announced operating profitability in its Q3FY23 results with EBITDA before ESOP cost at Rs 31 crore, significantly ahead of its guidance of September 2023. The fintech giant revenue from operations increased to Rs 2,062 crore (no <keyword id="6358921" type="General" weightage="50" keywordseo="upi" source="Orion">UPI</keyword> incentive recorded this quarter), a growth of 42 per cent on a yearly basis. This was followed by Paytm's robust operating update of January 2023 that it filed with the stock exchange on February 8. The company has continued to witness sustained growth momentum in its key payments and lending business. Paytm strengthened its leadership in offline payments with the deployment of 6.1 million devices while its average MTU at 89 million registered a 29 per cent growth for the month of January 2023. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/what-is-formula-e-all-you-need-to-know-ahead-of-inaugural-race-in-india/articleshow/97795878.cms">What is Formula E? All you need to know ahead of inaugural race in India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/rrr-kgf-chapter-2-game-of-thrones-spider-man-no-way-home-among-most-pirated-content-in-india-in-2022/articleshow/97795322.cms">RRR, KGF Chapter 2, Game of Thrones &amp; Spider-Man: No Way Home among most-pirated content in India in 2022</a>

You Searched For "Fintech news India" and got 13 results

My flight was delayed by over 3 hours. The carrier did not compensate for it. Here's how it unfolded

Ira Alok Puranik

BYJU's set to release FY21 financial report, sales may see significant drop

IANS

Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

IANS

SEBI issues notice to Paytm on ESOPs given to CEO Sharma; firm says disclosure already made

PTI

CMS Info Systems, PB Fintech, Power Grid and other hot stocks on the last trading day of the year

Rounak Jain

PB Fintech, Sigachi Industries, Nykaa and other top stocks in news on November 15

Rounak Jain

British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram

Vaamanaa Sethi

India’s central bank appoints department to regulate crypto exchange, formulate CBDCs

BI India Bureau

CRED founder says India has shown clear intent in supporting fintech

Business Insider India

An Indian fintech firm is offering its new hires BMW motorcycles and trips to Dubai so it can beat the IT staffing crunch there

Matthew Loh

Google will groom these 10 Indian startups that use AI and machine learning

Prabhjote Gill

India’s cryptocurrency bill is going up for discussion in December — but it seems to be beating to same rhythm as 10 months ago

Prabhjote Gill

Chinese multinational Alibaba exits India, sells its entire stake in Paytm

ANI

Popular Keywords

Buying Guides