Key Points
One Card founders, Uni Cards NBFC licence applications face roadblocks from RBI: At a time when the Reserve Bank of India seems to be opening up to offering lending licences to fintechs, not all are having it easy..
Dunzo holds talks with debt investors to rejig credit terms: Financially stressed quick commerce startup Dunzo has held talks with its debt investors to restructure credit terms so that the company can avail some of its cash lying in the bank to clear pending dues to vendors and staff salary arrears stretching to two months, sources said.. Dunzos efforts come at a time when it has simultaneously been looking to arrange fresh capital from both existing and new investors...
Manipal Groups Ranjan Pai in talks for stake in FirstCry: Ranjan Pai, chairman of Manipal Group, is in advanced stages of talks to pick up a stake in SoftBank-backed ecommerce firm FirstCry, multiple people aware of the matter said.. Pai is expected to invest around Rs 250 crore in the ecommerce firm as part of a broader secondary share sale at FirstCry at a valuation of close to $3 billion, they said.. IT hardware companies may get more time for local manufacturing: The government is open to the idea of giving foreign companies more time to set up manufacturing units provided they submit a clear, detailed and graded roadmap of their make-in-India plans for specific products such as laptops, personal computers and servers, a senior government official told ETtech...
Indian smartwatch brands turn to price cuts to gain market share: As the battle for the smartwatch segment in India heats up, domestic startups in the space primarily Noise, Boat, Fire-Boltt, and Boult Audio have resorted to a bruising price war in a bid to capture market share reminiscent of smartphone sales online a few years back..
The legislation offers "invaluable lessons" to the world on how safeguards can be applied to the global South or any other developing society, they said.. Cabinet approves outlay of Rs 14,903 crore to expand Digital India programme: Under the expanded scheme approved on Wednesday, the government will re-skill and upskill 625,000 IT professionals under the FutureSkills Prime Programme..
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