UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Companies like PhonePe are entitled to an annual incentive for the promotion of low-value UPI transactions. This incentive has been coming down over years. Key Points Tiger Global and Microsoft......

100% FDI in insurance likely soon

The Union Cabinet on Friday approved 100 per cent foreign direct investment (FDI) in the insurance sector, a move that was welcomed by industry as it would help attract more capital and global......

IPO wave big validation of tech ecosystem: SoftBank exec

SoftBank’s early India bets are beginning to deliver. Illustration: Dominic Xavier/Rediff The Japanese investor, which clocked nearly 5.4x returns on Lenskart and chose to stay invested in......

Ola, Paytm crash up to 50% in H1 2025; are new-age stocks worth buying now?

New-age stocks to buy: Most new-age stocks have turned out to be wealth destroyers in stock markets, so far, in calendar year 2025. Photograph: Shailesh Andrade/Reuters Shares of Ola Electric......