Page 21 - Ajinkya Kawale

Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

Simpl launches merchant biz offering to reduce CoD settlement time

The company said the product aims to reduce the settlement time for cash-on-delivery (CoD) orders by up to 90 per cent and improve daily sales by 40 per cent

Vivifi India Finance raises $75 mn series B funding from US investor

The company had raised $6 million in its Series A round previously in the financial year 2021

SoftBank entity sells 2% stake worth Rs 950 crore in Paytm parent

After selling a 2 per cent stake in the fintech company, SoftBank's total shareholding has come down to 5.06 per cent. The company held a 13.24 per cent stake in February 2023

Day 2: Ayodhya chock-a-block as Ram Temple opens doors for public

Hotels booked out, travel platforms launch holiday packages, businesses join in with special-edition products

Goa, Jaipur, and Udaipur tourist favourites for Republic Day weekend

Airfares zoom, hotels in demand ahead of year's first long weekend

Infibeam Avenues profit up 15.7% at Rs 41.4 cr on strong festive season

Meanwhile, the Gandhinagar-based company saw its revenue from operations more than double to Rs 911.9 crore in Q3 FY24, up from Rs 414.7 crore in Q3 FY23

Fintech associations exploring ways to incentivise SRO membership

The central bank in its draft framework had said that the industry needs to answer the question of how an SRO-FT would create incentives for membership since entities in the fintech sector

From sweets to diyas, Ram Mandir inauguration rings in 'second Diwali'

The main thoroughfares, public places, markets, and private buildings were adorned with large cut-outs of Lord Ram, Ram flags, posters, banners, etc, displaying the frenzy around Ram Mandir

Personal loans segment sees resurgence post Covid: CRIF-DLAI report

Members of the Digital Lenders Association of India (DLAI) contributed 7.9 per cent and 19.8 per cent to originations value and volume respectively in FY23, it noted

Fintech major Paytm plans AI-powered systems to improve business operations

Company expects its postpaid loan disbursal to further shrink in the next two quarters

Paytm trims losses to Rs 221.7 crore, revenue from operations zooms 38%

Paytm's expenses have increased 9.5 per cent Q-o-Q to Rs 3,216.3 crore in Q3FY24 from Rs 2,936.7 crore in Q2FY24. On a Y-o-Y basis, expenses rose 27.5 per cent from Rs 2,522.3 crore

'Highly confident' Akasa Air to bring 150 Boeing 737 MAX aircraft on board

In 2021, Akasa Air initially ordered 72 MAX planes from Boeing and then expanded the order to 76 in 2023. Of these, 22 have been delivered, with the remaining 54 due by mid-2027

Fintech firm FinAGG Technologies raises $11 million in Series A funding

The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation

Insurtech startup Bharatsure raises $1 million led by VC fund Capital-A

The company had previously raised $1.2 million in February 2022 which saw the participation of its existing investors

Google Pay signs agreement to expand UPI for international payments

This will enable Indian travellers to transact digitally outside the country while also establishing systems similar to the Unified Payments Interface (UPI) in other countries

Work on closed runway at Delhi airport to be completed by Jan 19

Airlines are grappling with fog-induced flight disruptions since Sunday

Lentra to speed up loan processing using AI tech, aims to double business

Lentra integrates AI aims to revolutionise loan disbursement and transform the banking industry with rapid credit decisions, new digital tools

Crypto players see surge in activity after crackdown on global companies

The Financial Intelligence Unit (FIU) under the finance ministry issued the show cause notices to VDA platforms like Binance, the largest cryptocurrency exchange, and Kucoin last month

CredAble records a two-fold increase in loan disbursements in 2023

The company plans to raise $50-75 million by June this year in its series C round