India is reportedly set to see initial public offerings (IPOs) with a total value topping that of 2024, when the value of the country’s IPOs was the highest in Asia and was second only to the United States globally. The total equity fundraising through IPOs...
The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings about data flows between it and its parent company. Chief Executive Officer Vijay Shekhar Sharma...
Last year’s regulatory troubles continue to haunt Indian FinTech Paytm. The company’s third-quarter earnings showed a 36% drop in revenue to 18.3 billion rupees (about $212 million), below the 19 billion rupees analysts had projected, Bloomberg reported Monday (Jan. 20). The company reported a net...
Microsoft said it will invest $3 billion to build cloud and artificial intelligence infrastructure in India over the next two years, aiming to help the country become an “AI-first nation.” The company also plans to train 10 million people in AI skills by 2030 and...
December 13, 2024
It looks like Amazon wants to heat up competition in the delivery space against rival Walmart. Amazon is testing 15-minute grocery delivery in India as part of its push into the “quick commerce” sector, which is expected to surpass $6 billion in annual sales this year. The eCommerce giant seeks to offer fast, wide-ranging selections […]
October 16, 2024
This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence of technology grows. Experts emphasize...
January 09, 2024
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and...
December 04, 2023
India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of the instant Unified Payments Interface...
February 10, 2025
Walmart is working with Indian AgriTech startup GreenPod Labs to pilot a solution that aims to keep produce fresh during as it moves through the supply chain. The solution may enable the retailer to source fresh produce from new countries of origin, Kyle Carlyle, vice president, sourcing and surety of supply at Walmart, wrote in a Monday (Feb. 10) blog […]
February 02, 2025
India is reportedly set to see initial public offerings (IPOs) with a total value topping that of 2024, when the value of the country’s IPOs was the highest in Asia...
January 21, 2025
The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings...
January 20, 2025
Last year’s regulatory troubles continue to haunt Indian FinTech Paytm. The company’s third-quarter earnings showed a 36% drop in revenue to 18.3 billion rupees (about $212 million), below the 19...