Kotak bank is the new Paytm

Oh! That’s not cool at all

Systemic risks are real!

I ended up with a negative balance on my savings account because of a banking glitch.

20 days and counting!

Could have been far more complicated if 3rd party was involved. Thankfully both accounts are my own.

The latest regulatory action is against Kotak Mahindra Bank..

Bank found deficient in IT and infosec solutions.
1. No new credit cards
2. No new customer onboarding through digital and mobile channels

🚨🛒 Walmart-backed #PhonePe is restructuring its ecommerce strategy on the #ONDC . It is exiting several categories like fashion, grocery, and electronics except for food delivery on the network.

💸🧋Boba Bhai's bubblicious journey continues with Rs 12.5 crore seed funding led by Titan Capital .

Plans for 100 outlets in the next 12 months, says founder Dhruv Kohli .

This blends with the trend of homegrown F&B startups attracting early-stage investors and HNIs.🌟

☀️ Good morning, readers! Kick-start your day with these top tech and startup stories

■ PhonePe’s Rs 800 crore in-house bets
■ #Layoffs at Allen
■ Contractual #hiring picks up in #IT
■ ETtech Done Deals
■ World Bank on DPI adoption

economictimes.indiatimes.com/tech/newslette…

PhonePe poured bulk of Rs 800 crore investments into insurance business

Read more 👇
economictimes.indiatimes.com/tech/technolog…

By Pranav Mukul and Pratik Bhakta

🚨 Walmart-owned #PhonePe has invested over Rs 800 crore in its subsidiaries during the last year. More than half of this, or Rs 426 crore, went to PhonePe #Insurance Broking Services — indication of the payment firm’s intention to build a large retail cover distribution business

PayU gets in-principle nod from ReserveBankOfIndia to be payment aggregator

In 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.
economictimes.indiatimes.com/tech/technolog…

🚨🚨PayU receives in-principle approval to operate as a payment aggregator...

Finally after a long wait the company has received green signal from the RBI to restart onboarding new merchants
ETtech

🚨Angel One chief business officer Prateek Mehta has resigned from his position: filings to the stock exchange

Mehta who was one of the cofounders of Scripbox had joined Angel One in 2022

ETtech

CA Abhishek Murarka 💹🐂 Economic Times The news broke yesterday not today..

You’ve copied the deal details from the story below, cos no one else has those.

Curation is easy, good luck:)

economictimes.indiatimes.com/tech/startups/…

Govt teams up with SBI Cards, telcos to combat #OTP frauds

As per Indian Cyber Crime Coordination Centre (i4C), as much as Rs 10,319 crore was siphoned off by cyber criminals between April 2021 and December 2023.

economictimes.indiatimes.com/tech/technolog…

By Pratik Bhakta & rahul tripathi

💥💥 Important election time story by Pratik Bhakta

Digital payment companies asked to watch out for sus transactions

🚨 Cred receives in-principle approval from #RBI for payment aggregator business

Read more
economictimes.indiatimes.com/tech/startups/…

By Pratik Bhakta

☀️ Good morning! Kick-start your day with these top tech and startup stories

■ Exclusive: #Flipkart -Zepto deal talks drop out of cart
■ Agilitas-Lotto deal
■ #Layoffs at Good Glamm Group
■ Swiggy integrates Mall with #Instamart

economictimes.indiatimes.com/tech/newslette…

Shocking- Nestle India admits to use of sugar in infant foods in India. While it says it is reducing sugar content this is clearly a health issue given that it does not use same ingredients in Europe and elsewhere.
There are strong anti obesity and child food welfare laws