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Payment players split over card fee in India

The RBI’s decision to cap charges that small shops will pay to banks on debit card transactions has led to a squabble on how the fees are distributed.  

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Cleartrip eyes new market through Local services

Online travel company Cleartrip is discovering a new growth driver in its year-old service ‘Local’, which gives users information on social and cultural activities in tourist desti

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Dairy supply chain startup MilkLane ensures high quality milk for consumers

In yet another instance of startups solving India-focussed problems garnering investors’ attention, dairy supply chain startup MilkLane has raised Rs 27 crore in its first institutional

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PolicyBazaar in talks with bankers for a $1.5 billion IPO valuation

More than a dozen investment banks, from Wall Street biggies to domestic heavyweights, made a pitch earlier this week as the parent of online insurance aggregator PolicyBazaar and PaisaBazaar,

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RBI should ensure fair MDR share: Digital Payment firms

While the Reserve Bank of India’s latest guidelines on merchant discount rates (MDR) have brought some respite to the digital payments industry, many payment executives ET spoke to feel

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Swiggy hires new CEO for its Access Service, gets new CFO

As the competition in the food technology space intensifies, food delivery firm Swiggy is strengthening its senior management team across various operational roles steadily. Swiggy has brought

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Logistics company Delhivery registers 44% increase in FY17 revenues

Logistics company Delhivery posted approximately 44% increase in total revenues to Rs 751 crore during FY17 from previous year’s Rs 523 crore as the company’s losses narrowed margi

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WeWork to acquire one of the oldest social networks, Meetup

There has been no stopping for the co-working giant, WeWork, which has declared its plans to acquire the social network website, Meetup.   Founded in 2002, t

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Toyota, Suzuki to produce electric vehicles for India market by 2020

Global automobile majors Toyota has signed an agreement with Suzuki to produce electric vehicles (EVs) for the India market by 2020.   On Friday, both Toyota

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Qualcomm rejects Broadcom's $103 billion offer

Qualcomm rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantia

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Fashion e-tailer Voonik asks staff to forgo 3 months' salary

Sequoia Capital-backed fashion focused e-tailer Voonik has told 200 employees that the Bengaluru-based company won’t be able to pay them their salaries for the next three months as it un

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EasyRewardz gets $2 million Series-A funding

Customer experience management company EasyRewardz on Monday announced that it has completed a $2-million series-A round of financing round led by TransContinental Venture Fund, existing angel

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'Anemic' iPhone 8 demand drags Apple shares lower

Apple Inc's (AAPL.O) shares fell nearly 3 percent on Thursday on signs of weak demand for the iPhone 8 that caused analysts and investors to question the company's staggered release st

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Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

Mumbai-based peer-to-peer lending platform Lenden Club has raised $500,000 almost Rs.3.5 crore in equity investment from three major investors Venture Catalyst, Anirudh Damani and an Indian ve

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On festive sales, Flipkart says 65% clients from Tier-II cities

Flipkart said it saw double the volume and value of sales this festive month over last year&#39;s festive month and saw 65% of customers coming from tier-II and beyond. &nbsp;</

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