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Finance
RBI cracks down on P2P lenders for rule violations, misleading practices
India's central bank has told peer-to-peer lending platforms to halt certain activities after inspections found rule......
TMT
Sixth Sense-backed ProcMart readies roadmap for inorganic growth
Business-to-business marketplace ProcMart, which counts investors including venture capital firm Sixth Sense Ventures ......
General
Grapevine: Byju's may need Epic sale funds for own ops; Bira91, MoveInSync eye funding
Cash-strapped edtech firm Byju's may use a portion of the funds it intends to generate by selling US-based unit Epic......
Infrastructure
RDC Concrete valuation more than doubles in two years as Infra.Market trims stake
Construction material unicorn Infra.market has divested about 10% stake in acquired concrete-maker RDC Concrete, ......
Finance
Spotlight: How InCred Finance fared in first year after merger with KKR's NBFC
Last month, non-bank lender InCred Financial Services Ltd said it raised Rs 500 crore ($60 million) at a valuation of ......
Economy
India's GDP grows 7.6% in July-September, tops estimates
India's economy grew at a much faster pace than expected in the July-September quarter, helped by government ......
Manufacturing
Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target
SoftBank-backed electric scooter maker Ola Electric posted a wider loss in the financial year through March 2023 but ......
Finance
Edelweiss Asset Management hires two execs for alternative investments
Edelweiss Asset Management Ltd, the company that manages Edelweiss Mutual Fund, has made two new appointments to its ......
Finance
Bottomline: VC-backed LoanTap's AUM shrinks, NPAs jump amid funding delay
LoanTap, a digital lending startup that offers customised loans to salaried professionals, is going through a tough ......
TMT
Prosus-owned PayU India shuts down prepaid credit card unit LazyCard
PayU India has shut its prepaid payment instrument LazyCard that it launched at the beginning of 2022, the company’s ......
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