Connect with us

Latest News

Reliance Capital Sells Its 1% Stake In Paytm

Published

on

Reliance Capital Sells Its 1% Stake In Paytm

Reliance Capital converted Rs. 10 crores to Rs. 275 crores by selling 1% of its stake in Paytm. It was in the year 2010 when Reliance bought this stake for Rs. 10 crores and now they sold the same to Chinese e-commerce giant Alibaba group which is the parent company for Paytm at Rs. 275 crores.

This appears to deepen the Chinese e-commerce Company, its commitment towards Indian markets.

Paytm was recently split into two groups – Paytm E-Commerce Pvt., Ltd., and Paytm Payments Bank. Founder of Paytm Vijay Shekhar Sharma sold 1% (Rs. 325 crores) of his personal stake in One97 to invest US $ 48 million in the recently formed Paytm Payments Bank which includes its digital wallet.

The Payments Bank is now the talk of the town. The new entity in India holds deposits for payments but cannot give out loans. It basically solves the problem of low capacity of wallets which forces frequent top-ups.

Mukesh Ambani’s Reliance Jio Money is a new competitor to the Paytm Wallet. Reliance Jio too started their own Payments Bank.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

Published

on

PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

Continue Reading

Latest News

Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

Published

on

Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

Continue Reading

Latest News

Ixigo Halts Bookings for Flights and Hotels to Turkey, China

Published

on

Ixigo_StartupStories

Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

Continue Reading
Advertisement

Recent Posts

Advertisement