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Industry Trends

RBI approves Pine Labs subsidiary Setu to acquire 100% stake in Agya Technologies

Fintech firm Pine Labs is moving to fully consolidate its ownership of RBI-licensed account aggregator Agya Technologies, following regulatory approval from the Reserve Bank of India for its fintech infrastructure arm, Setu, to acquire the remaining stake in the company. In a regulatory filing, Pine Labs said the RBI has approved BrokenTusk Technologies Private Limited, which operates under the Setu brand, to increase its shareholding in Agya Technologies Private Limited to 100%. Agya Technologies currently operates as an associate company of Setu and holds an authorisation from the RBI to function as a Non-Banking Financial Company – Account Aggregator (NBFC-AA), a regulated entity within India’s financial data-sharing framework. Pine Labs already holds around a 25% stake in Agya Technologies. With the latest approval in place, Setu plans to acquire the balance equity in the near term. The company said the transaction may be completed in one or more tranches, in line with regulator...

Indian Startup News · Jan 20
Startup Funding

India’s UPI payments giant PhonePe gets SEBI nod for IPO, eyes $15 billion valuation

India's UPI payments giant PhonePe has reportedly received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO), according to media reports. The Bengaluru-based company had pre-filed its DRHP through the confidential route in September last year. With SEBI approval now in place, PhonePe is expected to move closer to launching the issue, although the final timing will depend on secondary market conditions, which remain volatile. PhonePe is reported to be targeting a fundraise of up to Rs 12,000 crore, or around $1.32 billion, though the final size could change closer to the listing. The public issue is expected to be structured largely as an offer for sale (OFS), with existing shareholders, including Walmart, Tiger Global and Microsoft, offering a portion of their holdings. The IPO could value the company at around $15 billion. The proposed listing comes after a series of funding transactions over the past two years. PhoneP...

Indian Startup News · Jan 20
Industry Trends

Workload pressures intensify as employee experience shows signs of strain

Workload stress is emerging as a growing fault line in employee experience, with a significant share of workers struggling to keep up with what their roles demand. A new global report highlights that only about two-thirds of employees feel their workload is manageable, pointing to rising pressure across organisations despite continued investments in technology and [...] The post Workload pressures intensify as employee experience shows signs of strain appeared first on HR Katha .

HR Katha · Jan 20
Startup Funding

Budget 2026: FinMin shares status of key direct tax reforms for investors, startups and aam aadmi

India's government has finalized key direct tax reforms to boost investment and simplify compliance. Measures include clarified taxation for Alternative Investment Funds, extended startup tax holidays, and incentives for electronics manufacturing. Individual savers benefit from enhanced National Savings Scheme and NPS Vatsalya provisions, alongside property tax relief.

ET Policy · Jan 20