Brief

Mounting Challenges for Paytm: RBI Maintains Grip, “No Room for Review” on Banking Curbs

Challenges continue to mount for Paytm, India's fintech giant, with no immediate relief in sight. Despite the company's attempts to appease the Reserve Bank of India (RBI), Governor Shaktikanta Das has declared "hardly any room for review" regarding the...

Apple Accounted For 50% of the Global Smartphone Revenues in 2023: Is Premiumization Leaving Android Behind?

As the average selling price (ASP) for smartphones has increased over the years, so has the revenue booked by Original Equipment Manufacturers (OEMs) worldwide. Not surprisingly, Apple, known for consistently launching the most expensive iPhone models, has maintained its...

Paytm Stock Crashes to All-Time Low Since Listing: Analysts Predict Long-Term Pain

Following the RBI's ban on Paytm Payments Bank's services, the share of One 97 Communications fell another 10% on Monday, February 5, 2024, settling at an all-time low at Rs 438.5 since listing. The regulatory challenges intensified with allegations...

Where Should You Consider Travelling in Europe in 2024?

We asked our knowledgeable writers to suggest the top destinations in Europe for 2024 - perhaps due to a flurry of new hotel openings, rumours of Michelin arrivals, brand-new museums, or a concerted conservation effort taking root. We heard...

Meta Reports A Record-High Advertising Revenue in 2023: Reality Labs Losses Exceed $16 Billion

Meta Platforms, Inc. (Nasdaq: META) recently unveiled its financial results for the full year ended December 31, 2023. The tech giant reported an impressive 15.7% YoY growth in its operating revenue, reaching an all-time high of $134.9 billion worldwide....

Apple Records Revenue Growth in Q1 FY24 After Five Consecutive Quarters of Decline: China Challenges Loom!

Apple, Inc. (NASDAQ: AAPL) recently disclosed its financial results for the first quarter of fiscal 2024, ending December 30, 2023. The Cupertino giant has witnessed impressive QoQ growth in their revenues across major markets, primarily driven by heightened demand...

Paytm In Damage Control Mode: Unveils Pivot Plan After RBI Ban

RBI's recent decision to cease Paytm Payments Bank Limited (PPBL) from offering its banking services to customers has faced harsh criticism from many seasonal entrepreneurs and investors. In response, Paytm issued a press release, expressing anticipation of a worst-case...

A Big Blow to Paytm: RBI Restricts All Banking Services on Paytm Payments Bank

In a significant blow to Paytm, the Reserve Bank of India (RBI) has initiated stringent restrictions on Paytm Payments Bank Ltd (PPBL), preventing it from providing any banking services to customers after February 29, 2024. This regulatory move, considered...

India Smartphone Shipments Grew 25% YoY in Q4 2023: Samsung Slipped to Third Spot

India’s smartphone market has finally revived in Q4 2023 after five consecutive quarters of either declining or stagnant yearly growth in shipments. The noteworthy 25% YoY growth in smartphone shipments during the fourth quarter was primarily driven by the...

Swiggy Delivered Double-Digit Revenue Growth in FY23, But IPO Hopes Hinge on Turning Red Ink Blue

Swiggy, India's online food and grocery-delivery company, has recently filed its financial statements for fiscal 2023, ending on March 31, 2023, and the results are noteworthy. The company reported an impressive 45% YoY growth in its operating revenue, amounting...
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Latest News

Paytm App Downloads and User Engagement Take a Nosedive Post RBI Measures

The regulatory measures imposed on Paytm Payments Bank by the Reserve Bank of India (RBI) have had a direct...
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