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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…

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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…

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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 …

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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…

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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 …

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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   


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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…

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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   


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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   


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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   


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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   


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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   


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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…

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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

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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…

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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-…

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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   


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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   


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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…

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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 …