Mumbai Tech News Today

MoS IT Rajeev Chandrasekhar cited Byjus as one of the companies which grew too rapidly, without establishing the required corporate discipline. Addressing the ongoing regulatory changes in fintech without mentioning Paytm Payments Bank, the minister said that regulators must establish boundaries to ensure the transactions are legit.

The minister added that entrepreneurs make mistakes and it is a natural course of building a business.

India is reversing the missed opportunities of the last 75 years and when it comes to semiconductors, China's momentum is slowing down as they are not viewed as a trusted partner in the future of tech, Union Minister of State for Electronics ...

Flipkart group CEO Kalyan Krishnamurthy on Tuesday informed staff about senior-level exits in the ecommerce major, confirming ETs scoop. More on this in todays ETtech Top 5.

Nigam also spoke in detail about the overall regulatory environment for fintechs and RBI’s action against this rival company. The company in question was given “ample time to accurately respond,

PhonePe CEO Sameer Nigam expects to gain from potential decline in Paytms user base. PhonePe witnessed an increase in user base due to regulatory challenges faced by Paytm Payments Bank. PhonePe holds a 46% share in UPI volumes.

Talking about regulations, Asbe acknowledged RBIs guidance in creating responsible regulations around tech innovation to make the platform sustainable and scalable in the long run, creating a viable and pragmatic framework of rules and regulation around UPI.

More payment banks are likely to face regulatory action on allegations of money laundering, following the recent RBI crackdown on Paytm. This and more in todays ETtech Top 5.