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Lenskart gets pre-IPO bump; Amazon’s q-comm entry
Asset manager Fidelity has marked up Lenskart’s valuation to $6.1 billion as the eyewear retailer gears up an IPO. This and more in today’s ETtech Top 5.
Vantage Circle collaborates with Great Place to Work India
Vantage Circle and Great Place To Work® India have released a report revealing the impact of recognition on workplace culture. The study, analyzing data from over 5.7 million employees, demonstrates that strategic recognition fosters trust, motivation, and innovation. It introduces the AIRe framework, urging companies to cultivate appreciation and emotional connection to drive engagement and business success.
No more long waits at SBI branches? India’s largest bank says it has a new 13,500-strong army to boost customer service
State Bank of India is set to enhance customer service. It will hire 13,455 Junior Associates. This recruitment drive spans 35 states and Union Territories. It is part of a plan to induct 18,000 new employees. The bank focuses on customer satisfaction. It will use real-time tools to measure service quality.
These IndusInd Bank services won’t be available on these days: Check details here
IndusInd Bank will conduct system maintenance and banking services will be unavailable on two days. Customers should plan transactions accordingly.
What is UAE’s Golden Visa and who is eligible to apply: Explained
The United Arab Emirates' Golden Visa is a popular choice. It offers long-term residency to investors and skilled workers. People can live, work, or study without a sponsor. The visa lasts for five or ten years. Family members can also be sponsored. Applications are online. Several categories are eligible. These include investors, entrepreneurs, and talented students.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25%
Why talk about a correction when the market is clearly in bullish mode? Because, for one, you should always be ready for a correction; along with volatility, it is a part of the market. Second, it is important to know the reason for any correction in the market. Going forward, corrections are likely to happen more because of profit-booking rather than any structural reason. Now, this is very different from how things were in January and February when high valuations and low growth made it a structural issue. With Q4 earnings being better than expected, at least the concern over growth has been addressed. Valuations though are still not cheap. But if there is growth, valuations can be justified.
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Listed new-age cos’ road to profitability; QED’s Nigel Morris interview
After a torrid time on Dalal Street, new-age firms have taken a turn towards profitability in the March quarter. This and more in today’s ETtech Morning Dispatch.
Crafting luxury: How this Jaipur-based brand is winning India’s elite
The growing volume of luxury projects is driving demand for high-end interior materials like quartz surfaces, particularly for kitchen and bathroom countertops and wall cladding.
HDFC Bank UPI and other services won’t be available on this date: Check details here
HDFC Bank will conduct system maintenance on June 8, 2025 impacting UPI and other digital services. Customers are advised to use PayZapp during this period.
Elevating pricing through value engineering: A CEO priority
By quantifying improvements in key performance indicators, pricing becomes an extension of the business case, fostering stronger relationships and driving revenue.
IndusInd Bank expands hyper-personalised digital banking experience to all customers with INDIE app
IndusInd Bank expands its digital banking platform, ‘INDIE’, to over 15 million retail customers, integrating core banking services into a unified interface. The app features numberless debit cards, virtual single-use cards, and dynamic ATM PINs for enhanced security.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Telcos dial up international roaming perks to take on eSIM companies
As international travel surges, Indian telecom companies are bolstering their roaming services to counter competition from low-cost eSIM providers. These providers offer data-only plans at significantly lower rates, challenging the telcos' traditional revenue streams.
The Times and Amazon announce an AI licensing deal
Amazon's use of editorial content from the Times could extend to the Alexa software found on its smart speakers. In some instances, excerpts from Times reporting will include attribution and a link back to the Times' website. Material from the Times will also be used to train Amazon's proprietary AI models, the company said.
Job market likely to grow 2.8% in H1, slower than 7.1% in preceding 6 months: TeamLease report
India's employment market anticipates a workforce expansion of 2.8% in the first half of FY26, a decrease from the previous period's 7.1%. Economic factors are driving companies to prioritize cost efficiency and skills-based growth. Flexi-staffing and the gig economy are gaining traction, with automotive, EV, e-commerce, and tech startups leading workforce growth.
AI personal shoppers hunt down bargain buys
The AI adjusts the clothing size to fit, accounting for how fabrics drape, according to Google head of advertising and commerce Vidhya Srinivasan.Shoppers can then set the price they would pay and leave the AI to relentlessly browse the internet for a deal -- alerting the shopper when it finds one, and asking if it should buy using Google's payment platform.
PayPal, Worldline receive RBI's in-principle nod to operate as cross-border payment aggregator
In October last year, the RBI had asked payment aggregators offering cross-border payments to secure a separate approval. Before that for almost a decade, payment companies have been operating in this space with the Online Payment Gateway Service Provider or OPGSP licence.
Taxpayers should avoid filing ITR before June 15: Here's why
ITR filing 2025: The tax department has recently notified the ITR forms for filing tax return for FY 2024-25 (AY 2025-26). However, certain reasons ask taxpayers to file their income tax return after June 15. Check the reasons and what can happen if you file ITR before June 15. The last date to file ITR for certain taxpayers is July 31, 2025, for FY 2024-25 (AY 2025-26).
How Amazon Business is enabling MSMEs to be part of the $200 billion opportunity in B2B e-commerce
The platform is helping MSMEs navigate the challenges of procurement, which often feels like a maze due to multiple vendors, inconsistent pricing and lengthy processes.
Citykart’s big haul; A new AI race
Happy Tuesday! Value fashion retailer Citykart has raised fresh funds to fuel its expansion plans. This and more in today’s ETtech Morning Dispatch.
Online payment aggregators focus on anti-fraud tech to up revenues
Facing intense competition and pricing pressures in the core payments business, large payment aggregators in India, such as PayU, Razorpay and PhonePe, are developing and deploying fraud detection software platforms for banks and fintech companies. They are pitching these tools to banks, offering them a higher degree of safety for their customers as well as better transaction success rates.
HDFC Bank, ICICI Bank, Shriram Finance: Will big boys of banking, NBFCs be leaders in the next rally?
Looking at the short-term price movement of a stock is neither a foolproof way nor a fundamental way to decide whether the worst is over for that stock. But in certain circumstances, it is perhaps the best way. It provides the first indication that the stock has a high probability of regaining lost glory. Some of the big boys of the financial sector are showing a similar trend. Now, fundamentally, these stocks have a proven track record but have been going through a period of value readjustment. And that phase seems to be over.
The Price of growth: What founders sacrifice when they choose the wrong capital
Founders often default to equity funding, overlooking its hidden costs like dilution and loss of control. Exploring alternative financing options such as debt financing allows founders to maintain ownership while fueling growth. Matching capital to the business stage and prioritizing control empowers founders to build on their own terms, aligning with their vision.
‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra
RBI Governor Sanjay Malhotra emphasizes India's economic resilience and commitment to managing rupee volatility without targeting specific rates. He highlights the importance of real interest rates for depositors and the central bank's focus on customer protection and cybersecurity. The governor also addresses concerns about UPI concentration and governance lapses in banks.
This bank has changed its name: Will its cheque book, passbook, card and IFSC code still work?
RBI issued a notification on May 21, 2025, announcing the change of the name for North East Small Finance Bank Limited to 'slice Small Finance Bank Limited'
Each bank may soon get single national calling number
To combat fraud and enhance customer experience, Indian banks are advocating for individual national calling numbers within the '1600xx' series, enabling incoming calls. Banks have approached the government and RBI for approval, seeking clarity on usage and exemptions for debt servicing calls. This move aims to streamline communication and improve security for banking customers.
Kiko Live starts cash-on-delivery for online grocery orders, driving 30% surge in kirana revenues
Kiko Live now offers cash-on-delivery. This benefits kirana stores. A pilot program showed a 30% increase in online orders. Revenue also increased for sellers. Kiko Live helps local retailers create online stores. They also digitized the traditional credit system. A verification system was introduced to prevent fake orders. The company expects more online orders through COD soon.
SBI's record USD 9.2 bn profit fuelled by relatively small digital cohort
State Bank of India's record profits are largely attributed to its digital platform, YONO, which has transformed the bank's growth strategy. Despite serving over 500 million accounts, only a fraction are YONO users, highlighting a disparity between digital and traditional banking segments.
Lumax Auto Tech to acquire remaining 25 pc stake in IAC India for Rs 221 cr
Lumax Auto Technologies Ltd is set to acquire the remaining 25% stake in IAC International Automotive India Pvt Ltd for Rs 221 crore, making it a wholly-owned subsidiary by May 31, 2025. This acquisition will strengthen Lumax's strategic position and expand its footprint, particularly in the electric vehicle sector with leading OEMs like Mahindra & Mahindra.
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