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Had to sell PhonePe to Flipkart so we could compete with Paytm: Sameer Nigam hits out at foreign-owned tag

Nigam revealed that as a result of the company s merger with Flipkart, he didn t own a single share in PhonePe, apart from employee stock options (ESOPs).

Singapore-based Eruditus evaluating options on moving HQ to India

The edtech unicorn sees revenues from India increasing over the next few years. On Monday, it reported a 70% surge in FY23 revenue

Razorpay to move parent entity to India from US ahead of IPO plans

While a reverse flip to India is a costly affair, Razorpay will be able to manage the same with its available funding, Sources told Moneycontrol. PhonePe, which recently domiciled to India from Singapore, said that its investors had to cough up almost Rs 8,000 crore in taxes.

India Economic Forecast 2023

Indian Finance Minister Nirmala Sitharaman presented Union Budget of India for FY 2023-24. With India’s current economic growth estimated to be 7%, Budget envisions empowered economy which is technology-driven, knowledge-based with strong public finances.

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