In a recent development, the Reserve Bank of India (RBI) has issued a clarification stating that default loss guarantee (DLG) is not permissible for loans arranged on NBFC-P2P platforms. This clarification comes in the wake of guidelines issued in June…
In a resounding testament to its prowess and strategic acumen, GOAT Brand Labs, buoyed by a robust Series A funding round backed by Tiger Global, has catapulted to meteoric heights, registering an astounding eightfold growth trajectory during the fiscal year…
In a significant move highlighting the global appeal of Indian leadership and business acumen, Naotaka Nishiyama, the founder of Tech Japan, recently announced his relocation to India, specifically Bengaluru. This decision marks a pivotal moment in Nishiyama’s life, as he…
A Major Boost to India’s Tech Prowess Introduction: In a significant stride towards bolstering India’s semiconductor capabilities, Tata Electronics Ltd has commenced exporting semiconductor chips packaged at its cutting-edge Bengaluru-based research and development centre. This milestone move not only marks…
PB Fintech, the parent company of the renowned insurtech platform Policybazaar, has reported a remarkable surge in its financial performance for the fourth quarter of the fiscal year 2023-24 (FY24). With a consolidated net profit of INR 60.2 Cr, marking…
In a bid to fortify its foothold in the ever-evolving landscape of semiconductor technology, South Korea has announced a groundbreaking program earmarked at a staggering $7.3 billion. This strategic move aims to propel the nation’s chip industry to unprecedented heights,…
In a significant development for India’s fintech landscape, Groww, a leading fintech unicorn, has secured approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. This landmark approval underscores Groww’s commitment to expanding its financial services…
In the dynamic landscape of electric vehicle (EV) startups, companies like Rivian, Lucid, and Nikola are facing a challenging period marked by financial constraints and the imperative to demonstrate viability. Amidst the backdrop of a broader market slowdown and heightened…
Google Wallet Simplifies Digital Transactions in India In a significant move towards enhancing digital transactions in India, tech giant Google has unveiled its ground breaking Google Wallet app for Android users. This launch comes with strategic partnerships with various ecommerce…
DGI and EVage Collaborate for Electric Motor Manufacturing in India DG Innovate (DGI), a renowned UK-based manufacturer of electric drivetrain systems, has announced a groundbreaking joint venture (JV) with Indian electric commercial vehicle startup, EVage Motors. Spearheaded by former Tesla…
