financial services

Bengaluru-based Scapia, a travel-fintech innovator, has secured $63 million in a funding round led by General Catalyst. This capital infusion will fuel the expansion of its integrated travel and financial services, including co-branded credit cards and AI-driven product development. The company aims to enhance user experience across bookings and payments, with domestic travel bookings showing significant growth.

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Vijayawada–Srisailam Route First for Seaplanes

The UAE has launched a new tenant screening system, allowing landlords to check prospective tenants' credit scores. This secure digital platform, a collaboration between Etihad Credit Bureau and UAE PASS, ensures transparent data sharing with tenant consent. It enhances security for landlords, moving beyond traditional checks and bolstering the nation's digital economy.

The higher education department has issued a stern directive to state public universities, warning against irregular appointments made without government approval. Such unauthorized engagements violate the Orissa Universities Act, 1989, and will not be regularized, with responsible officials facing disciplinary action. Universities will bear financial liabilities for these appointments.

IT giants Cognizant and Capgemini are now valued below their annual revenues, signaling investor wariness of mid-teen margins. AI's rise and slowing client spending pressure traditional models. While efforts are underway to adapt, concerns linger about sustained growth and margin improvement amidst these shifts and sector-specific challenges.