In recent years, India has witnessed a surge in financial technology (fintech) startups that are revolutionizing the way people access and manage their finances. These startups leverage technology to provide innovative solutions for banking, payments, lending, and investment, thereby driving financial inclusion and empowering millions of individuals and businesses across the country. Here, we explore…
1. Practo Practo, founded in 2008 by Shashank ND and Abhinav Lal, has revolutionized healthcare accessibility in India. Headquartered in Bengaluru, Practo offers a comprehensive healthcare platform that facilitates the booking of doctor appointments, consultation with specialists, and access to medical records. Through its user-friendly interface and extensive network of healthcare providers, Practo has become…
Summary: Renowned entrepreneur Elon Musk congratulated Prime Minister-elect Narendra Modi for the NDA’s victory in the Lok Sabha elections, expressing anticipation for his companies’ endeavors in India. Musk’s tweet came three days after the election results, praising Modi’s win in the world’s largest democratic elections. While BJP fell short of a majority, the NDA alliance…
Summary: Salil Parekh, CEO of Infosys, received a 17.3% pay increase, bringing his total compensation to ₹662.4 million ($7.9 million) in fiscal year 2024, making him one of the highest-paid IT chiefs in India. His salary included ₹74.7 million in fixed pay, ₹197.5 million in bonuses, and ₹390.3 million from stock options exercised. Despite this,…
Summary: Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned from the board of VIP Industries due to disagreements over leadership accountability and succession planning. Her resignation, effective June 3, 2024, was announced via a stock exchange filing. Despite attending all board meetings in the fiscal year 2023, she chose to waive her sitting fees….
Summary: Shares of Adani Group companies surged, driving the Sensex and Nifty to record closing highs. The Sensex rose by 1,618 points to 76,693, and the Nifty increased by 468 points to 23,290. This market rally was bolstered by the Reserve Bank of India (RBI) revising the GDP growth projection for 2024-25 upwards to 7.2…
Summary: Byju’s, once valued at $22 billion, is now considered worthless according to a recent HSBC research note. HSBC assigned zero value to Prosus’ nearly 10 percent stake in the company due to multiple legal issues and financial struggles. Byju’s is facing significant financial challenges, including difficulties in paying employee salaries. Last year, Byju’s planned…
Summary: Prime Minister-designate Narendra Modi is set to take the oath for his third consecutive term on Sunday, equaling the record of Jawaharlal Nehru. Despite retaining power, the BJP’s seat tally fell significantly to 240 from 303, leaving the party without a majority. High-ranking BJP leaders, including Amit Shah and Rajnath Singh, are in talks…
Summary: The Reserve Bank of India (RBI) has introduced an automatic wallet reload feature for the UPI Lite wallet under the e-mandate framework, aimed at enhancing user convenience and streamlining the digital payment process. This new feature allows users to set a threshold balance for their UPI Lite wallet, automatically topping it up from their…
Summary: The National Democratic Alliance (NDA) held its first meeting in the new Parliament House following its Lok Sabha election victory. The BJP-led coalition, having won 293 seats but falling short of a majority with 240 seats, depends on key allies to form the government. N. Chandrababu Naidu’s Telugu Desam Party (TDP) and Nitish Kumar’s…
