Author: News Desk
The payment solutions provider PayU announced a collaboration with the National Payments Corporation of India (NPCI) to introduce the ‘Credit Lines on UPI’ feature on its platform. This initiative aims to provide merchants with avenues for financial security and growth. According to a media release, PayU stated that the integration of pre-sanctioned Credit Lines through UPI by banks will empower both businesses and consumers, aligning with India’s financial inclusion agenda. As part of the integration process, PayU will share information about various identifiers related to the type of credit undertaken by consumers, such as pay-later options or personal loans. This…
Tesla, the renowned electric vehicle manufacturer, is now setting its sights on India’s burgeoning solar energy market. In a strategic move, the company is actively seeking local partners to manufacture its rooftop solar panels within the country. This initiative aligns with Tesla’s broader goal of expanding its presence beyond electric vehicles into renewable energy solutions. Partnering for Progress Under the proposed arrangement, Tesla would collaborate with selected partners who would be tasked with both manufacturing and installation. Tesla aims to leverage its advanced technology and sales expertise while empowering local partners to handle production and implementation. This partnership model underscores…
The Reserve Bank of India (RBI) has implemented stringent measures against Paytm Payments Bank, citing concerns over its compliance with financial sector regulations. Compliance with these regulations is critical for the stability and security of the entire financial ecosystem, impacting both financial startups and established fintech companies alike. Regulator Scrutiny Several prominent startups in the financial sector, including Innov8, CapitalMind, and Bharat Matrimony, have criticized the RBI’s actions against Paytm Payments Bank. These criticisms highlight potential adverse effects on India’s fintech ecosystem and its growth prospects. Migration Concerns The RBI’s directive against Paytm Payments Bank has raised concerns among other…
Channeliam, a prominent AI-powered media platform focusing on startups and entrepreneurs, has announced an exclusive opportunity for women entrepreneurs based in South India. In celebration of International Women’s Day, Channeliam is set to feature the achievements and innovations of Top 25 trailblazing women entrepreneurs in its upcoming special segment. The feature will highlight two distinct categories: Best in Field: This category aims to recognize women entrepreneurs who excel in various industries, such as technology, sustainability, and market disruption. The entrepreneurs in this category will be showcased for their outstanding contributions and success. Innovators Spotlight: Channeliam seeks to spotlight women entrepreneurs…
Universal Sompo General Insurance Company has introduced an Eyewear Insurance cover, addressing the surging demand for eyewear protection in today’s digital age. With the rise in disposable incomes and increasing reliance on digital screens, safeguarding eyewear has become crucial. This comprehensive insurance plan provides coverage for loss or damage from Fire and Allied Perils, Accidental Loss or Damage, Burglary, and Theft for various eyewear, including spectacles, lenses, sunglasses, and blue filter glasses. In the ever-evolving digital landscape, where every glance carries the weight of a thousand pixels, Universal Sompo Eyewear Insurance emerges as a guardian of clarity and comfort. Whether…
Dubai is poised to revolutionise trade dynamics between the UAE and India with the forthcoming launch of Bharat Mart, a colossal Indian marketplace slated to open its doors in 2026. The grand inauguration ceremony, graced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, alongside Indian Prime Minister Narendra Modi, marked a significant milestone in bilateral trade relations. Envisioned and unveiled by DP World, Bharat Mart aims to provide a cutting-edge trading platform for Indian manufacturers and exporters, facilitating their access to global markets. With an expansive area spanning 2.7 million square feet, the…
The Tata Group is currently in discussions with Uber Technologies to explore a strategic partnership aimed at bolstering traffic and engagement on Tata’s digital platform, as per a report by the Economic Times published on February 15. Sources familiar with the matter suggest that the envisioned collaboration may entail integrating Uber’s services as a central app within Tata’s ecosystem. Tata Neu, positioned as a ‘super app’, purportedly faces challenges such as stagnant user growth and limited engagement, according to insiders. Despite these hurdles, Tata Neu is actively striving to fortify its market position. It’s been reported that Uber CEO Dara…
Reliance Industries, led by Mukesh Ambani, is reportedly in advanced discussions to acquire a substantial 29.8% stake in Tata Play from the Walt Disney Company, marking a pivotal move in India’s television distribution sector. Sources suggest that Reliance aims to expand its footprint in the industry, according to a report by Business Standard. Tata Sons, holding a majority 50.2% stake in the satellite television broadcaster, could see a strategic alignment with Reliance for the first time, as per the report. This potential collaboration would extend the reach of JioCinema, Reliance’s streaming platform, across the Tata Play platform, signalling a significant…
The Indian government took a significant stride towards sustainable energy with the official launch of the rooftop solar scheme, PM Surya Ghar: Muft Bijli Yojana, as announced in the interim budget. This ambitious initiative, projected to require an investment of ₹75,000 crore, aims to illuminate one crore households by providing up to 300 units of free electricity every month. Prime Minister Modi’s Declaration Prime Minister Narendra Modi, unveiling the scheme on a popular social media platform, underscored the administration’s unwavering commitment to providing free power to 10 million beneficiary households. “In order to further sustainable development and people’s well-being, we…
Maruti Suzuki is making efforts to revolutionize air traffic in Indian cities. The company is aiming to take to the skies with the latest initiative of electric air taxis. With the assistance of these electric air taxis, Maruti intends to introduce electric air commute services. The Maruti Air Copter, expected to be the most recent venture, can accommodate up to three people including the pilot. It is anticipated to be larger than drones but smaller than helicopters in size. However, it will have a payload capacity of 1.4 tons. Before entering the Indian market, Maruti’s initiative is aimed at launching…