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Saturday, February 29, 2020

Paytm founder reveals road to profitability; may take 2 years to come out of red

Digitial payment giant Paytm expects to turn profitable after two years as it is monetising the existing customer base and eyes financial services as its next major frontier for growth, its founder CEO Vijay Shekhar Sharma said. Noida-based firm, which had an astonishing rise after infamous demonetisation in 2016, is betting on financial services, commerce and payments as three ...more

Today’s headlines
$70m Funding may take Khatabook Valuation to $300m
Fintech is garnering more investor attention as digital payments rise Accounting firm in talks with B Capital, Sequoia and Tencent. Accounting services provider Khatabook, which helps ...more
Social commerce to hit $70-billion mark this decade, says study
Industry growing at almost twice the rate of the overall online retail market: Wizikey. Social media is expected to hit the $70-billion mark over the next 10 years. ...more
Haier launches 83 products, some AI- and IoT-powered
Home appliances and consumer electronics brand Haier has launched 83 products in different categories, including some powered by Artificial Intelligence and Internet of Thing solutions. ...more
Local Hiring Helps Indian IT Weather US Election Season
GOOD VIBES Analysts say Indian IT services industry in good space in both short and medium term. In a year when the US is going to the polls, India’s IT services industry will see business grow as it has hired local engineers in small towns ...more
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