Adani Enterprises

"I look forward to strengthening the market for BharatSwipe and Speaker. Also, I look forward to fostering the right partnerships with relevant players in the financial services ecosystem, with the objective of making a larger impact across merchant businesses," Sandeep Indurkar said in a statement.

Sebi, in an application moved in the apex court, said: "Applicant/SEBI most respectfully submits that keeping in view the forgoing circumstances, it would take further time to arrive at verified findings and conclude the investigation... for ascertaining possible violations related to mis-representation of financials, circumvention of regulations and/or fraudulent nature of transactions in respect of 12 suspicious transactionsa... given the complexity of the matter, SEBI in the normal course would take at least 15 months for completion of the investigation of these transactions, but is making all reasonable endeavours to conclude the same within six months."

Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion and all corresponding shares pledged for those facilities have been released. Adani said all share backed facilities availed by the promoters have been paid off. After such repayment, ListCo pledge positions for Adani Green, Adani Ports, Adani Transmission & Adani Enterprises have reduced substantially, and only residual share pledges corresponding to Operating Company (OpCo) facilities remained outstanding.

The interest in early-stage startups is due to the fact that overall funding saw a drop in 2022 led by a drop in late-stage large deals, according to a report by Bain & Company. 2023 will likely see the emergence of a more resilient ecosystem as stakeholders remain cautiously optimistic. SaaS and fintech will remain significant while regulatory oversight may have some impact on Fintech,

BharatPe filed a fraud case against Grover and his family in Delhi High Court for allegedly siphoning off Rs 88.6 crore, which is currently ongoing. In a statement to IANS, the company said that reports "suggesting any settlement between BharatPe and Mr Grover or his family are completely baseless and untrue".

To further bolster and support the ecosystem, Recur Club will not charge any platform fees. "This incident tells us about the criticality of diversification, be it customers, banking, or investors in a business. Recur Club has received interest from more than 100 startups regarding immediate Payroll financing and managing short-term expenses," said Eklavya Gupta co-Founder, Recur Club.

Payments space remained the strongest fintech sub-sector globally, attracting $53.1 billion in total investment, according to KPMG's 'Pulse of Fintech H2-2022' report. The sharp drop-off in fintech investment between the first half of 2022 and the second half -- from $119.2 billion to $44.9 billion -- highlights the rapidly shifting market conditions much more clearly.

The company's revenue from operations surged 42 per cent to more than Rs 26,000 crore, while EBIDTA doubled year-on-year to Rs 1,968 crore. "Our fundamental strength lies in mega-scale infrastructure project execution capabilities, organisational development and exceptional O&M management skills comparable to the best in the world," said Adani group Chairman Gautam Adani.

This will be driven by unsecured small-ticket size segment and the secured collateral-based high-ticket size market, according to the latest white paper by Experian India in collaboration with the Digital Lending Association of India (DLAI). As co-lending becomes the predominant operating model in India, more traditional lenders will collaborate with fintechs to reach.

According to the company, it had earned a total income of Rs 26,950.83 crore for the quarter ended December 31, 2022 (Q3FY21 Rs 18,963.40 crore) and a net profit of Rs 820.06 crore (net loss of Rs 11.63 crore). For the nine month period Adani Enterprises' total income stood at Rs 106,458.72 crore (Rs 70,432.69 crore) and a net profit of Rs 1,750.46 crore (Rs 776.56 crore).