FPL Technologies set to be newest fintech unicorn – Economic Times

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The Enforcement Directorate (ED) is probing at least ten cryptocurrency exchanges for allegedly laundering more than ₹1,000 crore identified as proceeds of crime of the accused firms under investigation in the instant loan app case in which most have a China link, said people aware of the matter.
Alternative Investment Funds (AIFs) that are scheduled to wind up in the next few months have been struggling to sell their holdings in unlisted ventures and startups, as investors stay clear of risky investments due to tightening liquidity.
The Reserve Bank of India on Wednesday said disbursal of loans and collection of repayments must be executed only between borrowers and entities regulated by it, and that no third party should be involved in this process.
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