Ajinkya Kawale
 "Ajinkya Kawale")
Ajinkya Kawale
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
Page 6 - Ajinkya Kawale
NIPL, Trinidad and Tobago ink agreement to develop UPI-like payments system
The partnership follows a series of recent announcements NIPL has made regarding the global expansion of UPI and associated rails
 "NIPL, Trinidad and Tobago ink agreement to develop UPI-like payments system")
IndiGo appoints Isidro Porqueras as COO, succeeding Wolfgang Prock-Schauer
Outgoing COO Prock-Schauer is retiring after leading the airline's operations for over seven years. He is one of the longest serving expats in Indian aviation who has previously led operations in now
 "IndiGo appoints Isidro Porqueras as COO, succeeding Wolfgang Prock-Schauer")
SpiceJet clears salary dues days after raising Rs 3K crore through QIP
The domestic passenger market share of the airline had shrunk to just 2.3 per cent in August this year, as per the latest data released by the Directorate General of Civil Aviation (DGCA)
 "SpiceJet clears salary dues days after raising Rs 3K crore through QIP")
Singapore court grants 4-month moratorium to WazirX after $230 mn hack
Thankful for the court's decision, it will allow us to focus on our path to resolution, recovery and restructuring, says Nischal Shetty, co-founder, WazirX
 "Singapore court grants 4-month moratorium to WazirX after $230 mn hack")
Fintech loan disbursements decline in volume and value in Q1FY25: Report
The signs of a slowdown in disbursements come nearly one year after the Reserve Bank of India (RBI) hiked risk weights on unsecured loans
 "Fintech loan disbursements decline in volume and value in Q1FY25: Report")
Heavy rains create havoc in Mumbai, disrupt airport ops; IMD issues alerts
Schools and colleges were directed to shut on Thursday following heavy rains in the city
 "Heavy rains create havoc in Mumbai, disrupt airport ops; IMD issues alerts")
What ails financial institutions when it comes to tackling data security?
Financial institutions are increasingly vulnerable to data security risks due to their dependency on external service providers, limited cybersecurity budgets, and poor implementation standards
 "What ails financial institutions when it comes to tackling data security?")
Indian startup funding dips 7% to $7.6 billion in first nine months of 2024
Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report
 "Indian startup funding dips 7% to $7.6 billion in first nine months of 2024")
Cong raises alarm as SBI decides to pick equity in debt-laden infra firm
Promoted by the Bhawanishankar H Sharma family, Mumbai based Supreme Infrastructure has been a loss-making company for a decade now.
 "Cong raises alarm as SBI decides to pick equity in debt-laden infra firm")
M2P Fintech raises Rs 850 crore in series D, valuation at Rs 6,550 crore
The capital raised in the latest funding round will be utilised to strengthen its operations in India and grow its international footprint, particularly in Africa, the company said
 "M2P Fintech raises Rs 850 crore in series D, valuation at Rs 6,550 crore")
SpiceJet raises Rs 3,000 cr through QIP, to receive additional Rs 736 cr
With the latest capital infusion, SpiceJet plans to strengthen its operations, expand its fleet, and extend its network to meet growing passenger demand in the country
 "SpiceJet raises Rs 3,000 cr through QIP, to receive additional Rs 736 cr")
Fintech firm MobiKwik gets Sebi approval to raise Rs 700 crore through IPO
The IPO will consist entirely of a fresh issue of Rs 700 crore, with a face value of Rs 2 per equity share. It will not have an offer for sale (OFS) component
 "Fintech firm MobiKwik gets Sebi approval to raise Rs 700 crore through IPO")
Fintech firm BharatPe to offer food ordering with latest ONDC integration
Similar to other food aggregator applications such as Zomato and Swiggy, customers using the feature would be able to track their orders on a real-time basis
 "Fintech firm BharatPe to offer food ordering with latest ONDC integration")
NBFC Aye Finance raises $30 million in series G round led by ABC Impact
The latest round of funding comes eight months after the company raised $37 million in a Series F round
 "NBFC Aye Finance raises $30 million in series G round led by ABC Impact")
Binance detaches itself from any liabilities days after WazirX cyber attack
It refuted WazirX's claims that the global exchange owns the company, while stating that it does not operate the platform
 "Binance detaches itself from any liabilities days after WazirX cyber attack")
'Unsecured credit growth slows but demand remains strong': Fibe co-founder
Digital lending company Fibe sanctioned 46.6 million loans in H2FY24, showing an 8.4 per cent increase from H1FY24. The firm has raised a total of $228 million in funding since its inception in 2015
 "'Unsecured credit growth slows but demand remains strong': Fibe co-founder")
FinOps platform Bluecopa raises $1.8 million in pre-Series A round
The Hyderabad-based company will use the fresh capital to expand market reach, improve artificial intelligence (AI) capabilities, and advance product development.
 "FinOps platform Bluecopa raises $1.8 million in pre-Series A round")
Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding
Company provides loans to low-income customers and businesses in informal economy
 "Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding")
Sachin Bansal's Navi becomes sixth largest UPI player, overtakes Amazon Pay
Bengaluru-based fintech started cash-backs and rewards for customers in April
 "Sachin Bansal's Navi becomes sixth largest UPI player, overtakes Amazon Pay")
Rs 42,300 cr loans given since launch of account aggregator framework
4.22 million loans disbursed on the platform; nearly half of it facilitated in H2FY24
 "Rs 42,300 cr loans given since launch of account aggregator framework")
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