Payments firm Stripe cuts internal valuation by 28% - WSJ

Payments firm Stripe told employees in an email that its internal share price was about $29, compared with $40 in the previous internal valuation, the report said.

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Basic Home Loan to disburse Rs 1,000 crore every month by March 2023

Basic Home Loan has aggressive expansion plan for 2022-23 and will be present in over 100 cities from about 30 cities currently.

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Basic Home Loan to disburse Rs 1,000 crore every month by March 2023

Basic Home Loan has aggressive expansion plan for 2022-23 and will be present in over 100 cities from about 30 cities currently.

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AI co Detect bags $28 million funding from Prosus, others

The Software-as-a-Service (SaaS) platform, Detect plans to utilise the funds to further expand and strengthen its sales and operations in North America and Europe. The company has also allocated funds for developing its product suite.

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As card-based fintechs seek Plan B, FPL Tech set for unicorn club

The banking regulator has, however, told some fintech firms that they should seek licences to continue operating.

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Is the free lunch over at startups?

Marketing budgets are getting slashed, layoffs are becoming commonplace, founders and top management are taking pay cuts, and perquisites — that include free food at the workplace — are being taken away, at least at some startups for the time being.

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Margins to recover sharply in next quarters: HCL Tech CEO C Vijayakumar

C Vijayakumar said the company will deploy measures such as increased pricing for clients, better cost of living adjustments and greater utilisation of employees.

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