CARS24 raised £400 million; valuation rose by 2x to 3.3 billion
Digital Desk Cars24, an online marketplace for used cars, has raised $450 million in a new funding round led by SoftBank Vision Fund II, Falcon Edge and existing investor Yuri…
Central Bank of India, U GRO Capital to disburse MSME loans worth Rs 1,000 cr
Digital Desk: Central Bank of India and fintech platform U GRO Capital signed a co-lending agreement to disburse loans worth Rs 1,000 crore to U GRO users in the next…
IndiGo appoints Neetan Chopra as Chief Digital and Information Officer
Digital Desk InterGlobe Aviation Ltd, the parent firm of IndiGo, on December 23 announced the appointment of Neetan Chopra as the airline’s Chief Digital and Information Officer (CDIO), with effect…
Arvind Kumar joins STPI as Director General
Digital Desk Shri Arvind Kumar has joined as Director General of Software Technology of India (STPI). Software Technology Parks of India (STPI) is an autonomous body under the Ministry of…
Paytm Payments Bank gets RBI nod for scheduled bank status
Digital Desk: Paytm Payments Bank, a subsidiary of One97 Communications, has announced that it has received an approval from the Reserve Bank of India for its inclusion in scheduled banks…
Facebook is betting on short-form video content in India
Digital Desk: Video, especially the short-form format, is arguably the fastest growing medium in India’s content industry today, with more than 70-80 per cent of all data consumed being video.…
Over 1 lakh received pension directly into their bank accounts via SAMPANN: Govt
Bureau: The government on Thursday announced that more than one lakh pensioners have received pension directly into their bank accounts via the its comprehensive pension management software SAMPANN, which is…
Nod for crypto tech, but no private cryptocurrencies, proposes draft bill
Bureau: The Indian central government proposes to establish a “facilitative framework for distributed ledger technology” as part of the proposed cryptocurrency regulation bill that is slated to be taken up…
Facebook to make two-factor authentication compulsory for high-risk accounts
Medilytix.in Bureau: Facebook will soon make it compulsory for users to protect their accounts with two-factor authentication. The social media company is contemplating making the two factor authentication mandatory for…
Indian equities most expensive in Asia Pacific: Credit Suisse
Medilytix Bureau: Indian equities are the most expensive in the Asia Pacific region and most of the positives related to expected recovery in the economy is already priced in, says…