Salman Sh

In Primeshots today: Byjus promoters sold shares worth USD408.53 million since 2015; MCA, MeitY designate roles; auto parts makers manoeuvre GST maze; and Mojocare stares at shutdown.

In Primeshots today: Peak XVs markdown plans for Byjus, stringent compliance for fintechs; and Hero Future Energies inks MoUs.

In Primeshots today: Groww may pip Zerodha in MAUs; Bajaj Finances fundraising plans; Amazon to invest in Anthropic; and India-Canada tussle.

In Primeshots today: TCS sees muted revenue growth, Ranjan Pai to invest in Aakash; India-Palestine-Israel; and passwordless era.

In Primeshots today: RIL nearing Disney deal; Byjus sees top exit; lobbying for hybrid cars; and India stance on Palestine war.

Amidst tighter RBI regulations, a slew of fintech players have either secured NBFC licences or are actively pursuing them. In this challenging environment, these licences have become a crucial tool for survival and expansion, as they can fetch superior margins through direct lending over mere technology facilitation for banks and NBFCs.

A few aspirants who signed up for the UpGrad Abroad programme are blaming the edtech unicorn for its sales tactics which allegedly involve “misrepresentation” of information regarding courses. Students, who were promised admissions by UpGrad but later received letters from universities with conditional clauses which couldn't be met within deadlines, are fighting for refunds while seeking legal recourse.

Ola Electric faces government investigations for service failures and potential subsidy abuse. Government policies could have aided its unabated growth.

Swiggy's IPO marks a crucial step, but its success hinges on overcoming quick-commerce challenges and navigating a competitive landscape

Despite past missteps and ethical concerns, venture capitalists are doubling down on India's edtech, but with a renewed focus on upskilling and B2B SaaS.