Ajinkya Kawale

Bangalore, Mumbai, Pune

Senior Correspondent at Business Standard

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Articles

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

1 week ago | rediff.com | Ajinkya Kawale

One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company’s loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.
Tighter norms, rising compliance failures driving scrutiny for startups

3 weeks ago | rediff.com | Udisha Srivastav |Ajinkya Kawale |Peerzada Abrar

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India’s clean energy sector, are now facing serious regulatory action. The brothers, known for founding Gensol Engineering and BluSmart Mobility, have been barred by the Securities and Exchange Board of India (Sebi) from the securities market allegedly for diverting company funds for personal use.
Tech Failures Behind UPI Outages

4 weeks ago | rediff.com | Ajinkya Kawale |Subrata Panda

An hour-long disruption could affect around 40 million UPI transactions. IMAGE: Kindly note the image has been posted only for representational purposes. Network disruptions caused by internet service providers (ISPs) powering India's flagship payments platform, Unified Payments Interface (UPI), hardware malfunctions, and the overloading of banks' transaction processing systems are likely behind the UPI outages over the past two weeks, according to sources.
NPCI MD & CEO Asbe

1 month ago | business-standard.com | Ajinkya Kawale

Unified Payments Interface (UPI) has grown exponentially over the past few years, with newer use cases being rolled out on the real-time payments system.
USTR Report Intensifies Trade Tensions With India

1 month ago | rediff.com | Shreya Nandi |Subrata Panda |Ajinkya Kawale |Sanjeeb Mukherjee

The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy. Kindly note the image has been posted only for representational purposes. IMAGE: A truck passes shipping containers stacked at the container terminal at Cochin Port on Willingdon Island in Kerala.
PCI Urges MDR on UPI, RuPay

1 month ago | rediff.com | Ajinkya Kawale

'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'Kindly note the image has been posted only for representational purposes.
Former Kissht founders launch debt resolution platform, secure $3.5 mn | Start Ups - Business Standard

1 month ago | business-standard.com | Ajinkya Kawale

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates
'We Don't Want To Survive On Govt Incentives'

1 month ago | rediff.com | Ajinkya Kawale

'The only solution is for the government to allow us to charge a low controlled MDR of 25 bps on UPI P2M transactions only for merchants with more than a Rs 40 lakh turnover.'Kindly note the image has been posted only for representational purposes. The Union Cabinet has approved a Rs 1,500 crore incentive for promoting low-value BHIM-UPI peer-to-peer merchant (P2M) transactions for 2024-2025.
Navi Mumbai airport opening pushed back by 2 months

1 month ago | rediff.com | Ajinkya Kawale

The entire construction of the Navi Mumbai airport project is expected to be completed in five phases. IMAGE: Adani Group Chairman Gautam Adani poses for a picture during his visit to the Navi Mumbai International Airport (NMIA) project ahead of its inauguration, Mumbai, March 16, 2025. Adani Group Chairman Gautam Adani visited the NMIAL site on Sunday to review progress of the project. "Visited the Navi Mumbai International Airport site today -- a world-class airport taking shape.
'We Expect 1 Million Start Ups By 2035'

2 months ago | rediff.com | Peerzada Abrar |Jaden Mathew Paul |Ajinkya Kawale

'Binary fission will happen -- startups will lead to more startups.'Nandan Nilekani's 8 recommendations for India's economy to hit the $8 trillion mark by 2035. Peerzada Abrar listens in. IMAGE: Nandan Nilekani, cofounder, Infosys. India is ready to become the most preferred initial public offering (IPO) market globally by 2035, according to Nandan Nilekani, cofounder of Infosys, who spearheaded the country's massive unique identification project.