Ashwin Manikandan

3 weeks ago | reuters.com | Ashwin Manikandan

June 5 (Reuters) - Walmart's (WMT.N), opens new tab Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source. This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Sign up here.

1 month ago | bfsi.economictimes.indiatimes.com | Ashwin Manikandan

-Policybazaar owner PB Fintech said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India's fast-growing healthcare industry. The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027, with a long-term plan to build a 25-30 hospital network across 10 Indian cities, PB Fintech chairman Yashish Dahiya told Reuters in an interview.

1 month ago | marketscreener.com | Ashwin Manikandan

(Reuters) -Policybazaar owner PB Fintech said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India's fast-growing healthcare industry. The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027, with a long-term plan to build a 25-30 hospital network across 10 Indian cities, PB Fintech chairman Yashish Dahiya told Reuters in an interview.

1 month ago | ca.marketscreener.com | Jaspreet Kalra |Ashwin Manikandan

MUMBAI/NEW DELHI (Reuters) -India's payments authority, the central bank, and industry are pushing the government to allow a fee on digital payments to large merchants made via its homegrown network to help boost growth, five sources told Reuters. The charge, known as Merchant Discount Rate (MDR), is considered crucial to boosting investment for payments firms, and reviving slowing growth in payments made via the Unified Payments Interface (UPI), India's own network, the sources said.

Mar 27, 2025 | insideretail.asia | Ashwin Manikandan |Rashmi Aich |Celene Ignacio |Irene Dong

India’s quick commerce sector accounted for over two-thirds of all e-grocery orders last year, with its total market share growing about five times to $6-7 billion from 2022, a report by consultancy firm Bain and e-commerce giant Flipkart showed. The industry, which is dominated by the likes of Zomato-owned Blinkit, also accounted for a tenth of overall e-retail dollars spent in 2024, according to the report released on Wednesday.