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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fintech founder’s theatrics have earned him an all paid vacation and maybe, just maybe, a long-term problem with the RBI if he has any aspirations for banking.
Editor's note: If Shark Tank India wasn’t entertaining enough, Ashneer Grover found himself in the middle of high drama. The BharatPe co-founder is out of the company. Temporarily. From the company’s press release: “Ashneer Grover, our co-founder & MD has today informed the board of his decision to take voluntary leave of absence from BharatPe till March end. Ashneer has cobuilt BharatPe from scratch and his decision is consistent with his passionate commitment to the future success of the company. For now, the Board has accepted Ashneer’s decision which we believe is in the best interests of the company, our employees and investors, and the millions of investors we support each day. BharatPe will continue to be ably led by our CEO Suhail Sameer and our strong management team.” Grover chimed in as well with a statement: “I’ve been relentlessly at work building up BharatPe for almost four years. After much deliberation and introspection, I plan to take a temporary leave of absence from BharatPe till March-end. I will return on or before April 1, 2022.” This is the fallout of a …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The Abu Dhabi investment firm just upped the AI stakes, private debt in the Gulf is having its moment in the sun, and other updates from this week.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
