Navi Finserv earns a fortune; Creating decentralised identity solutions

Hello,OpenAI is issuing an ultimatum: us or them. The company just closed a mammoth funding round of $6.6 billion at a truly impressive $157 billion valuation, but with some caveats for…

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Why Marathi, Bengali, Assamese, and Pali Are Now India’s Classical Languages in 2024

The Ministry of Culture, India, has taken a landmark decision to grant Classical Language status to five significant languages—Marathi, Pali, Prakrit, Assamese, and Bengali. This move is a part of…

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Ratan Tata’s $200,000 Upstox bet now worth $46.5M, brokerage buys back 5% holding

Upstox has purchased 5% of the stake that industrialist Ratan Tata acquired in the brokerage app in 2016. Through this buyback, Tata has already realised a tenfold return on his…

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Swiggy shareholders approve provision to increase IPO size to Rs 5,000 Cr

Food delivery company Swiggy on Thursday received approval from shareholders at the company’s  Extraordinary General Meeting (EGM) for an enabling provision to increase the fresh issue size of its IPO…

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Traders’ body CAIT calls for dedicated regulatory body for ecommerce

In a letter sent to Finance Minister Nirmala Sitharaman, the Confederation of Indian Traders (CAIT) has called for a dedicated regulatory body to monitor ecommerce platforms. The letter, addressed by B…

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Mstack Chemicals raises $40M in a round co-led by Lightspeed and Alphawave

Chemical manufacturing platform Mstack on Thursday said it has raised $40 million in a round co-led by Lightspeed and Alphawave, along with a debt facility from HSBC Innovation Banking and…

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Govt rolls out internship scheme on pilot basis; aims to provide 1 cr internship over 5 years

The government on Thursday rolled out the internship programme that will provide financial assistance of Rs 60,000 per annum to 1 crore youth over a period of five years.In 2024-25,…

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SEBI’s new rules could impact 60% of F&O trades, says Zerodha’s Nithin Kamath

Zerodha co-founder Nithin Kamath said that SEBI’s recent move to limit weekly expiries could impact about 60% of overall F&O trades. Given that many traders prefer weekly contracts for their…

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Sachin Bansal’s Navi Finserv quadruples standalone PAT in FY24 after subsidiary sale

Navi Finserv Limited (NFL), a part of the Navi Group founded by Sachin Bansal, has reported robust financial growth in its standalone results for the fiscal year ended March 31,…

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