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Stripe: US payments firm Stripe goes 'invite only' in India, cites regulatory changes

Stripe has shifted to an invite only mode in India for merchants, citing strict KYC requirements. The move may indicate a shift towards cross-border payments, with support for more Indian merchants expected by the second half of 2025. ....

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Oxyzo FY24 result: Oxyzo FY24 operating revenue up 59% to Rs 903 crore, net profit at Rs 290 crore

Oxyzo Financial Services, the lending arm of OfBusiness, reported a 59% increase in operating revenue to Rs 903 crore for FY24. The company raised $200 million at a unicorn valuation from investors like Alpha Wave Global. Ruchi Kalra leads Oxyzo, which has a net worth of Rs 2,600 crore. ....

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GCCs: GCCs see regulatory compliance as key for India expansion: Survey

Global capability centres (GCCs) operating in India have made it a priority to understand local compliance norms amid an evolving regulatory and GenAI landscape, as per a Nasscom-KPMG survey report. ....

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Turno funding: EV marketplace-financing startup Turno raises $6 million from BII, others

Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, Bengaluru-based Turno provides financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles. ....

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IT industry: IT's bench strength halves as slump-hit companies eye efficiencies

The bench strength at top Indian outsourcers has nearly halved of late, with higher utilisation and generative artificial intelligence (GenAI) driving efficiency in the $254-billion IT industry. Bench strength in the IT industry means full-time employees who are not assigned any active project. ....

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