Friday, November 8, 2024

RBI

Paytm to sell entertainment ticketing business to Zomato for INR 2,048 Cr in all-cash deal

News
Fintech giant Paytm has signed a definitive agreement to sell its entertainment ticketing business to foodtech major Zomato for INR 2,048 crore in an all-cash deal. ͏͏͏͏P͏͏a͏͏͏y͏tm ͏s͏tat͏ed͏͏͏,͏͏ ͏"͏Th͏is d͏e͏͏a͏l͏͏͏, ͏͏v͏͏alu͏͏ed ͏at ͏I͏N͏R͏ ͏2͏,04͏͏8 ͏c͏rore͏͏ o͏n͏͏ ͏a...

Amazon plans major overhaul of Amazon Pay with standalone app for India

News
Ecommerce giant Amazon ͏i͏s s͏et to make a major overhaul to its͏ digital payments servi͏ce,͏ Amazon Pay.͏Ac͏c͏ordi͏ng to a TechCrunch ͏repor͏t, the US t͏ech giant is con͏sidering launching a͏ standalone ͏ap͏p͏ for its pa͏yment͏s͏ service ͏in...

Amazon doubles down on Indian fintech market with INR 600 Cr investment in Amazon Pay

News
Fo͏llowing͏ ͏its recent IN͏R 1,660 Cr ͏investme͏nt in its Indian e-commerce marketplace, Amazon, th͏e US-based gi͏ant͏, h͏as allocat͏ed an additional INR 600 C͏r (app͏roxim͏at͏ely...

Zomato mulls revival of lending business, enters talks with NBFCs for merchant lending

News
Zomato, a major player in the foodtech industry, has reportedly initiated discussions with various non-banking financial institutions to offer working capital loans to its...

Burger King’s parent company completes $1 Billion acquisition of Carrols Restaurant Group

News
Restaurant Brands International Inc., the parent company of Burger King, has finalized its previously announced purchase of Carrols Restaurant Group, Inc. In this agreement, RBI...

India’s retail inflation eases to 11-month low of 4.83% in April, food prices remain a concern

News
India's retail inflation softened marginally, hitting an 11-month low of 4.83 percent annually in April, down from 4.85 percent in the previous month, as...

Zomato’s subsidiary ZPPL to surrender RBI license as online payment aggregator

News
Foodtech giant Zomato's subsidiary, Zomato Payment Private Limited (ZPPL), has opted to voluntarily surrender the certificate of authorization granted by the Reserve Bank of...

Zomato’s ZPPL gets green light from RBI to operate as online payment aggregator

News
Zomato, a major player in the foodtech sector, has received approval from the Reserve Bank of India (RBI) to operate as an online payment...

After a challenging year, consumer goods sector sets sights on robust recovery in 2024

News
Feeble consumer sentiment and subdued demand dominated the narrative for producers of packaged consumer goods in 2023. However, the forthcoming year presents optimism, anticipating...

Retail inflation in India hits three-month high at 5.55%, driven by food basket surge

News
Breaking its downward trajectory, retail inflation increased to a three-month peak of 5.55% in November due to strengthening food prices, particularly vegetables and cereals....

Burger King and ParTech join forces to improve restaurant operations and efficiency in North America

News
ParTech, a subsidiary fully owned by PAR Technology, has recently inked an exclusive deal to deliver an integrated point-of-sale (POS) software solution to Burger...

Reduced tomato prices in September bring relief to consumers: Thali costs decline for both veg and non-veg options

News
Reduced tomato prices in September led to a decrease in the expenses associated with both vegetarian and non-vegetarian thalis, offering a welcome respite to...

Zomato reports 72% of cash-on-delivery orders paid with INR 2,000 notes since RBI announcement

News
Zomato, the leading food delivery service, revealed that an impressive 72% of cash on delivery users paid for their orders with INR 2,000 notes...

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