Reliance-backed Dunzo is shifting gears as quick commerce hype settles

The quick delivery startup is pushing users to opt for 60-min deliveries and grouping orders to cut delivery costs.

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Industry leaders doubt fintech’s profitability in next few years: report

This is despite India being a ground for fintech innovation globally, with unique local innovations such as the Unified Payments Interface (UPI) railroad and homegrown RuPay card system.

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Swiggy appoints Rohit Kapoor as chief executive officer for its food marketplace business

“Our food marketplace has continued to evolve over the last few years and has potential to grow further under focused leadership. Rohit’s work experiences bring a unique perspective to the role,” said Sriharsha Majety, CEO, Swiggy.

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Crypto broker Genesis taps insider as interim chief, cuts jobs by 20%

Islim is replacing Michael Moro, who is stepping away from the CEO role effective Wednesday, the company said.

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RBI asks payment system stakeholders to submit feedback on digital payment charges

In December last year the regulator had said that it will release a discussion paper on various charges levied by banks and institutions for all kinds of digital transactions through credit cards, debit cards, wallets and Unified Payments Interface (UPI).

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Devas seizes $87k worth Antrix assets in arbitral award enforcement

The Devas shareholders are enforcing an International Chamber of Commerce arbitral award of $1.2 billion to Devas, owed by ISRO commercial arm Antrix that scrapped a satellite deal with the company in 2011, leading to a decade-long legal battle.

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Elon Musk tweets he is 'buying Manchester United'

Manchester United, a storied English football club, is currently led by the six children of late American businessman Malcolm Glazer, who took a controlling stake in the franchise in 2005.

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