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Apple a bright spot in weak Jan smartphone marketApple saw growth in January 2025, reaching fourth in shipment rankings, while the overall market declined due to high average selling price...- Zepto revenue doubles; Decoding Mobikwik IPO frenzyZepto’s financials are out for fiscal 2024. This and more in today’s ETtech Top 5.
- RBI bars Paytm’s services; Wipro to cut hundreds of jobsIn a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all bank...
- ED issues show-cause notice to Xiaomi India top officials, 3 banksThe adjudicating authority under the Foreign Exchange Management Act has issued show-cause notices to Xiaomi Technology India Private Limit...
- Job-tech firms hit as startup hiring falls; IT firms’ clients focus on smaller deals amid downturnEdtech startups such as Masai School, Simplilearn and Relevel are reworking their approach because of the slowdown in the job market, espec...
- Crypto will spark next financial crisis, says RBI guv; digital sector outpaced overall economy by 2.4x in 2014-19: studyCryptocurrencies will be responsible for the next financial crisis if allowed to proliferate freely, Reserve Bank of India governor Shaktik...
- Razorpay, Cashfree in RBI’s crosshairs; Meta takes down Indian firm’s spyware networkEarlier this year, the RBI gave an in-principle nod to Razorpay and Cashfree for their payment aggregator (PA) licence applications. Five m...
- Xiaomi says 84% of Rs 5,551 crore seized by ED was royalty payment to QualcommThe ED, under the Foreign Exchange Management Act (FEMA), has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chin...
- Twitter sues Indian govt; ED raids Vivo offices in money-laundering caseLast week we reported that the Indian government had given Twitter until July 4 to heed its takedown requests or lose immunity from prosecu...
- India's investment policy upsets Xiaomi, Oppo's consumer finance plansXiaomi and Oppo, with more than 100 million in combined smartphone users in India, cannot directly lend to consumers without a shadow banki...
- Soon, you can pay via UPI all over the worldThe NPCI is working to enable this feature within next 6 months, starting with UAE and Singapore, sources said.
- WhatsApp close to meeting data localisation norms, payments service should be on in two months: NPCIMany think WhatsApp can help India emulate China's WeChat story, and help achieve the cashless payments objectives.
- UPI 2.0 can turn into a mega citizen-scale pay systemSeveral milestones were achieved in domestic payments last year. India’s RuPay Card crossed 500 million and Bharat BillPay on-boarded over ...
- Market Movers: All eyes on RBI board meet, Pence sharpens attack on China; oil prices up & moreA look at top macro triggers that may move market on Monday.
- Xiaomi plans to float a NBFC in India, to soon seek RBI approvalXiaomi Financial Services plans to provide loans to consumers for purchasing electronics, home appliances, lifestyle products etc.
- Xiaomi India migrating its local data to India cloud infrastructurePrior to this, all Indian user data used was stored in AWS servers across Singapore and the United States.
- Government to issue security standards for phone makers to control data theftThe concern of the government stems from the fact that internet access in India is led by mobile devices which has emerged as the main sour...
- Modi government brainstorms with India Inc: Key takeawaysPM Modi asked India Inc to increase risk-taking appetite and step up investments even as industry leaders pressed for interest rate cut.
- India an attractive investment destination, FIIs upbeat: Taimur Baig, Deutsche Bank"They still perceive India as stronger compared to other major EM economy and that compels them to remain interested in India."
- How Flipkart's backroom boys are powering the e-tailing behemoth's rapid growthArmed with over a billion dollar in venture capital Flipkart is readying for the long haul, and a lot hinges on the backroom boys.
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