Category: News & Analysis

Today the emergence of non-bank/FinTech startups is shifting the competitive landscape in financial services, compelling conventional institutions to redefine the way they do business. With the increasing data breaches and intensifying privacy concerns, regulatory and compliance needs have become more restrictive. There are many banking industry challenges that can be resolved using technology that’s caused this disruption, but this transition from legacy technologies to innovative ones hasn’t always been an easy one. In fact, banks and similar institutions need to embrace digital transformation to survive and thrive in the current…

In today’s world, it is of utmost importance for Micro-, Small and Medium-sized Enterprises (MSMEs) to embrace digital transformation and accelerate their growth potential, despite their limited resources. Leading the way to drive this progress, Moneycontrol and CNBC-TV18, India’s leading business and finance platforms, have partnered with Dell Technologies to launch The Challengers #StopAtNothing—an initiative to empower and enable India’s MSMEs to reimagine their businesses by adapting to the rapid pace of technology-led transformation. Moneycontrol and CNBC-TV18 have been undisputed leaders in the television and digital space, with utmost credibility…

Consumer Online Foundation, not-for-profit organisation under the mentorship of Prof Bejon Kumar Misra, an International Consumer Policy Expert today expressed their deep concern on the extension of deadline to seek comments on draft e-commerce rules in India citing consumer ramifications in the long run. The government extended the deadline for suggestions and feedback on the proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, till August 6 as opposed to July 6th. The ministry released the draft e-commerce rules on June 21, prohibiting “fraudulent” flash sales, as well as mis-selling of goods…

TyrePlex, India’s leading B2B eCommerce player in the aftermarket tyre vertical, raises its seed round led by India’s leading mobility focussed fund AdvantEdge Founders along with other leading Angel Investors. Founded in 2020, by Puneet Bhaskar and Rupendra Pratap Singh formerly with Droom and Snapdeal, along with Nikhil Kalra and Jiveshwar Sharma from Car Dekho, TyrePlex is digitising the USD 10 billion tyre market. The current seed round also saw participation from leading Angels including Akhil Sikri (Co-founder Zolostays), Amit Lakhotia (Founder Park+), Asish Mohapatra, Ruchi Kalra (Co-founders Ofbusiness) and…

OkCredit registered an overall 15% increase in transacting customers since March 2020 Maharashtra, despite being severely hit by the pandemic, witnessed a 35% decline in transactions this year in comparison to a 65% drop last year. Tier-1 cities have been most affected as witnessed by the drop in transaction levels. For Delhi, Karnataka and Kerala the drop in transactions was 73%, 60%, 53% respectively in 2020 while this year it was much less- 44%, 27% and 20%  In a new report that shows the pulse of small and micro business…