Fintech
PayU India FY24 Revenue: Growth Slows to 11% Due Restrictions
The PayU India FY24 Revenue slowdown with 11% as comparison to previous fiscal year. Let’s understand about the full news. PayU India has reported a revenue of $444 million for the fiscal year 2024, marking a growth rate of 11%. It’s notably lower than the 31% growth recorded in the previous fiscal year. This deceleration […]
Paytm Employees Seek Reinstatement Amid Unlawful Termination
In a recent development, Paytm employees seek Reinstatement by approaching the Labour Ministry, alleging unlawful termination. This move has garnered significant attention, shedding light on the employment practices at one of India’s leading fintech companies. The affected employees are seeking reinstatement, citing unfair and unethical treatment by the Paytm management. Unlawful Termination Allegations The aggrieved […]
PhonePe Launches Indus Appstore: Revolutionize App Distribution
Recently PhonePe Launches Indus Appstore which help it to expand its ecosystem in the industry. The company is now in discussions with smartphone manufacturers to pre-install the Indus Appstore on their devices. This move aims to boost the reach and accessibility of the app marketplace, positioning it as a formidable competitor in the app distribution […]
Zerodha Outage: User Frustration and Platform Reliability
Zerodha is a popular stock trading platform. Recently due to Zerodha outage it causing significant inconvenience for its users. This incident is the latest in a series of technical glitches that have plagued the platform between 2021 and 2023. Users took to social media to voice their frustration and share their experiences with the outage. […]
FIU Imposes INR 18.82 Cr Fine on Binance for PMLA Violations
In a significant move FIU has imposed a fine of INR 18.82 crore on Binance for PMLA Violations. Financial Intelligence Unit (FIU) take this action against Binance due to failures in complying multiple provisions of PMLA, 2002. FIU’s Notification According to a notification issued by the FIU, Binance has been found guilty of violating multiple […]
Goldman Sachs and Marshall Wace Sell Paytm Shares INR 208 Cr
In a significant financial maneuver, Recently Goldman Sachs, Marshall Wace sell substantial shares of Paytm, totaling INR 208 crore. This strategic move has captured the attention of investors and analysts, marking a notable shift in Paytm’s shareholder structure. Goldman Sachs’ Transaction Details Goldman Sachs (Singapore) recently recorded a notable transaction with selling of Paytm shares […]