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3 mins read
Flipkart and PhonePe complete separation six years after acquisition
Flipkart and PhonePe have announced that they are fully separated now, six years after the e-commer…
1 min read
Walmart buys Tiger Global's residual Flipkart stake for $1.4 billion
Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining s…
2 mins read
PhonePe raises $700 million at a $5.5 billion valuation, will operate as a separate entity
PhonePe has raised $700 million in a fresh round of fundraising, at a post-money valuation of $5.5 …
4 mins read
Has the legal battle between PhonePe and BharatPe over ‘Pe’ been going on for too long?
The battle for the ‘Pe’ suffix is intensifying and has now compelled BharatPe to approach the Delhi…
2 mins read
Flipkart's Binny Bansal will be joining PhonePe’s board of directors
As PhonePe separates from the Walmart-oned Flipkart to become its own independent entity, Flipkart …
2 mins read
WhatsApp Pay UPI services gets the green signal from NPCI, but rollout will be in a 'graded' manner
Having a cap on the transaction volume will help in de-risking the entire set-up and is essen…
PTI
1 min read
PhonePe raises $101 million funding from its parent chasing $10 billion valuation
PhonePe receives fresh funds from its parent company – the Singapore-based PhonePe Pvt Ltd. Accordi…
1 min read
PhonePe receives Rs 427.25 cr capital infusion from parent co
"PhonePe has received the lion's share of its funding since Walmart's acquisition of Flipkart in 2…
PTI
1 min read
Flipkart-owned PhonePe receives Rs 585.6-cr infusion from parent firm
New Delhi, Dec 10 () Flipkart-owned digital payments company PhonePe has received a fund infusion o…
PTI
1 min read
Canara Bank hits business milestone of ₹20 lakh crore
Canara Bank on Friday said it has crossed the business milestone of ₹20 lakh crore. "Canara Bank ha…
PTI
1 min read
PM Modi tells people to be vigilant as Covid cases were rising in many countries
Modi has also chaired meetings and his government has written to the states to put in place …
PTI
1 min read
Active Covid cases in country rise to 3,424
The Covid case tally was recorded at 4.46 crore (4,46,77,106) . The death toll stands at 5,30…
PTI
1 min read
India's central bank denies reports that it is replacing Mahatma Gandhi with Tagore and Kalam on currency notes
"There are reports in certain sections of the media that the Reserve Bank of India is considerin…
2 mins read
Neobanking platform Vance raises $5.8 million in seed round led by Hummingbird Ventures
Neobanking platform Vance raises $5.8 million in seed round led by Hummingbird Ventures
4 mins read
FPIs return to Indian equities in the second half of 2022, but bond flows are still in the red
Foreign portfolio investment (FPI) outflows from India’s debt markets have narrowed but are still i…
3 mins read
Covid-causing Omicron BF.7 variant highly transmissible but not as severe as Delta variant, say doctors
Just as Indians were getting ready to ring in the new year with a bang after two years of pandemic-…
2 mins read
Walmart's record-setting Flipkart acquisition contained a hidden gem that could be worth up to $10 billion
Bloomberg reported the unit could achieve a valuation of as much as $10 billion, or almost two-thir…
Daniel Strauss
3 mins read
Government plans to tax cryptocurrency gains in Budget 2022
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax ne…
PTI
2 mins read
AWS pumps $2.7 billion into India to set up a second cluster of data centers in Hyderabad by 2022
Amazon Web Services is expanding its footprint in India by launching a second hub within the countr…
2 mins read
A Mumbai-based startup that sells power-saving fans has raised over $20 million so far
Consumer electronics startup Atomberg has raised ₹70 crore in its latest round of fundraising, led …