
Former Paytm COO Bhavesh Gupta joins fintech startup BillCut as co-promoter
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Former Paytm President and Chief Operating Officer Bhavesh Gupta has joined fintech startup BillCut as a co-promoter and strategic advisor. BillCut also announced that Visham Sikand , founder of Goals101, has joined in a similar role. Both have additionally come on board as strategic investors.'I'm thrilled to be part of this exciting opportunity with the BillCut team. I'm truly excited to join this journey alongside Sachin Mandon, Tanish Sharrma, Alabhya Pandey, and Ashray Sethi, and to support BillCut's mission to transform how Indians manage and reduce their bills,' said Bhavesh Gupta.Visham Sikand, who had invested in BillCut during its early phase, will now take on a more direct role in its growth.Sachin Mandon, Co-founder of BillCut, said, 'Bhavesh's joining is a step forward for us as it adds experience and belief to our mission. Our mission at BillCut is to empower people by giving them control over their finances.'Tanish Sharrma, also a co-founder, said, 'Millions of Indians are stuck in debt cycles driven by high-interest credit cards and loans. BillCut offers them a smarter way out — by helping them refinance at better terms. With Bhavesh joining us, we're excited to expand this solution across the country.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
an hour ago
- Time of India
Transit Oriented Development in Meerut to unlock real estate on Namo Bharat corridor
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Meerut has become the first city in India to integrate Transit Oriented Development (TOD) zones into its 2031 Master Plan. This would incorporate urban development around a transit project, potentially unlocking new real estate opportunities in the Development Authority (MEDA) has earmarked about 3,273 hectares for the TOD, out of which 2,442 hectares have been delineated into seven TOD zones and two special development area (SDA) zones around the Namo Bharat and Meerut Metro corridors.'While the majority of the land is privately held and we will earn revenue through FSI, we are also planning a 300-hectare township where we will auction land to private developers,' said Vijay Kumar Singh, town planner at MEDA. 'We are doing the zonal planning in consultation with NCRTC.'National Capital Region Transport Corporation (NCRTC) is implementing India's first Namo Bharat corridor between Delhi, Ghaziabad, and Meerut. Namo Bharat is India's first Regional Rapid Transit System (RRTS) train service with the first being the Delhi-Ghaziabad-Meerut project.'By harnessing the potential of transit-oriented development and value capture financing, NCRTC is enhancing the financial sustainability of the Namo Bharat project,' said Shalabh Goel, managing director, NCRTC. 'This integrated approach is poised to redefine the future of transportation infrastructure, fostering vibrant, liveable communities and generating economic value that benefits both the region and its residents.'The two SDA zones—458 hectares as Meerut South SDA Zone and 373 hectares as Modipuram SDA Zone—are located on two ends of the Meerut metro section of the Uttar Pradesh government formulated its TOD policy in 2022. Globally, cities like Stockholm, Copenhagen, Hong Kong, Singapore, and Tokyo have successfully used TOD to fund public transportation and enhance urban planning. It has, in turn, improved economic productivity and quality of life for people in these of the entire 82 km of the Delhi-Ghaziabad-Meerut Namo Bharat corridor, 68 km falls under Ghaziabad and Meerut districts. In addition, the Namo Bharat infrastructure will also host local metro services in National Metro Rail Policy 2017 said urban mass transit projects should not merely be seen as urban transport projects but more as urban transformation projects. It mandated states to explore conventional and innovative non-fare box revenue (NFBR) options for the long-term financial sustainability of the projects by formulating their own housing and urban development ministry took a major step forward by introducing a value capture financing policy, providing a framework for states and union territories to harness the potential of their assets – including underutilised land – to drive infrastructure per UP's TOD policy, areas within 500 meters of city mass transit systems like metro lines, and 1.5 kilometres on each side of intercity transit systems like Namo Bharatr, are considered TOD zones, where building taller, mixed-use developments will be promoted. This includes residential, commercial, and office spaces, along with public amenities. Also, base floor area ratio (FAR)—currently at 2.5—will be increased in areas under the TOD Zone to 4 in developed areas and 5 in undeveloped has also identified TOD zones and incorporated them in its city master plan. It is currently awaiting final approval from the state government for implementation.


Time of India
an hour ago
- Time of India
India sustains growth momentum as fastest growing economy again: Finance Minister Sitharaman on Q4 GDP
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Finance Minister Nirmala Sitharaman on Friday while commenting on Q4 GDP growth said that India has sustained its growth momentum as fastest growing economy for fourth year in a economic growth in Q4 beat estimates after accelerating to 7.4% but it couldn't save the economy from posting its slowest growth since Covid-era in FY25. The economy in 2024-25 hit a four-year low of 6.5 per cent, slowing down sharply from the 9.2 per cent growth recorded in FY24."India sustains growth momentum as fastest growing economy for fourth year in a row," said Finance Minister Nirmala Sitharaman. The Union Minister added that the country's manufacturing activity has been good during fourth quarter.


Time of India
an hour ago
- Time of India
Will you get a refund for Trump tariffs after federal court's ruling? Check details
What did the US court of International trade say? Live Events What happens now? Tariff refunds and Trump team's response (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US President Donald Trump on Thursday received temporary approval to continue collecting tariffs under emergency powers, just a day after a separate court ruled that he had exceeded his authority by imposing sweeping levies on foreign imports. The US Court of Appeals for the Federal Circuit allowed the April 2 tariffs to remain in place while the White House appeals the trade court's decision. The New York-based court said the US Constitution gave Congress exclusive powers to regulate commerce with other nations, and that this was not superseded by the president's remit to safeguard the businesses and a group of states had challenged the tariffs that have shaken up the world economic order. Now that two federal courts have ruled that President Trump had overstepped his authority in ordering the tariffs, many have been asking one question: Will they get that money back?On Wednesday, a three-judge panel at the U.S. Court of International Trade (CIT) ruled that the International Emergency Economic Powers Act (IEEPA) did not grant the president authority to impose his sweeping tariffs or bypass Congress' typical control over economic policy and commerce. The 1977 law was cited by Trump as justification for the majority of his tariffs, most notably those unveiled on "Liberation Day" in early April."The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder," the ruling read. The decision, made after multiple lawsuits accusing the president of overstepping authority on trade matters, addresses the paused 'reciprocal' tariffs as well as the 10 percent baseline tariff applied worldwide. Additionally, the ruling stops the 'trafficking' tariffs that were imposed on China, Canada, and Mexico in response to the public health crisis linked to fentanyl and other illegal drugs entering the the ruling does not concern the tariffs on autos, auto parts, steel or aluminum, which were brought under Section 232 of the Trade Expansion Act. It allows the president to limit imports of specific goods if these are considered a threat to national security."This will do tremendous damage to Trump's agenda. His whole second term seemed to be DOGE, deport, and (trade) deals," Todd Tucker, trade expert with the New York-based Roosevelt Institute think tank, posted to BlueSky on Thursday. "On trade, in particular, why would any country waste time negotiating to lower his tariffs if he can't impose them in the first place?"The administration has already appealed to the Court of Appeals for the Federal Circuit, describing the CIT's ruling as a 'judicial coup.' Meanwhile, economists have highlighted alternative options for the president to pursue his trade agenda despite the court's the ruling is upheld, the administration may be required to refund billions of dollars in import duties that have already been collected. According to the Kobeissi Letter, approximately $10 billion in tariff revenue has been gathered since April 2, though an analysis by Newsweek using official Treasury Department data suggests the amount could be significantly Reinsch, former under secretary of commerce for export administration under the Clinton administration and president of the National Foreign Trade Council from 2001 to 2016, told Newsweek, 'I believe the court's order should prompt CBP to suspend the liquidation of entries moving forward. This would mean that if the ruling is ultimately upheld, importers could reclaim their payments.'Reinsch told Newsweek that, for goods already processed by customs authorities, importers may also be able to sue the administration."The CIT decision ruling the tariffs illegal and vacating them gives importers good grounds to do that," he said, "but the administration will probably resist."The Trump administration has acknowledged its responsibility to issue refunds for certain tariff charges if those duties are later reduced or rescinded. In late April, following a decision that some tariffs should not be cumulative or 'stacked,' Trump signed an executive order stating that the change would apply retroactively to specific tariffs. Refunds for those who had paid increased import taxes would be issued in accordance with U.S. Customs and Border Protection (CBP) procedures and applicable stance was also reflected in the administration's announcements regarding exemptions to the reciprocal tariffs. The CBP has since issued guidance outlining how importers can request refunds for duties paid on products that later became exempt or subject to lower tariffs. While importers—usually U.S. companies, though sometimes foreign exporters contractually responsible for duties—may qualify for refunds, William Reinsch told Newsweek that consumers are unlikely to benefit from the Court of International Trade's (CIT) ruling, even if they paid higher prices on imported goods in recent months.'The importers who paid the tariffs might be reimbursed, but they're not required to pass those savings on to consumers—although some might do so voluntarily,' Reinsch said. He added that he was skeptical any consumer-led lawsuits for damages would be successful.