Daybreak

More than 70% of fraudulent banking transfers in India are KYC-linked scams. A senior official at the Financial Intelligence Unit, a national agency responsible for analysing data on suspect financial transactions informed The Ken that KYC frauds amount to over Rs 900 crore ($108 million) per year.One such fraudster who spoke to us on the condition of anonymity said, ““KYC is an easy trick to pull off. People have heard about banks freezing accounts due to non-compliance with KYC norms. So they get convinced, particularly those in smaller towns and cities.” In a span four years, this fraudster’s gang has stolen nearly Rs 50 lakh.But the whole point of banks carrying out the elaborate KYC process is to protect their customers from fraud. How is then that this very process accounts for nearly two-thirds of fraudulent banking transfers in India?Tune in.

Exploring the link between loans and mental health crisis in India, as household debt rises. Harassment by recovery agents leading to mental health issues, prompting professionals to study banking. Debunking the correlation between debt and mental health, with a focus on aggressive recovery tactics.

Swiggy has always been proud of the culture of innovation that it has fostered over the years for its employees. In fact, it is this very approach that helped it achieve the coveted unicorn status.But with the IPO scheduled for this year and its pursuit to profitability, innovation is no longer being encouraged. It has become way more challenging for newer projects to take off. And though it is natural for a company that is growing bigger to become more risk-averse, for Swiggy, this means a cultural shift that could change its very nature.Tune in.

From shadow-banning, content flagging, suspension and even account deletion, content creators are grappling with a variety of censorship methods on social media platforms—all in the name of maintaining community guidelines.But with social media platforms relying more and more on AI and machine-learning tools identify and remove violating content, even content aimed at creating sexual, social, and political awareness ends up being taken down.  And sex-ed and news content creators on platforms like Instagram and Youtube are seeing their reach, discoverability, and income take a hit.Tune in.Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, analytical business stories.

After the pandemic years, Kota’s coaching industry saw an unprecedented boom. Money was pouring in from everywhere–from edtechs to investors. In the last five years, Kota saw about 2 lakh engineering and medical aspirants, on average, arrive from across the country.Kota runs on stiff competition not just among the students but also among the scores of institutes that host and prep them. But since the past four months, Kota’s reputation has been on the line. Student admissions have dropped, with coaching-centre owners pegging it to be at least 20%.The rising number of student suicides are one reason, of course. But there is more to why Kota may be one result away from losing its star position in the coaching business.Tune in.

RBI ban on Paytm leads to loss of 20M Fastags, benefitting ex-colleague's Park+. Former Paytm employee's car services platform, Park+, founded by Amit Lakhotia, set to cash in on situation. Vijay Shekhar Sharma's investment in The Ken adds another layer of intrigue.

From struggling to thriving, Blinkit's journey under Zomato's ownership is a tale of financial success and strategic impact. Despite challenges, the company emerged as a quick commerce leader, boasting a 40% share and impressive revenue surge. Through transformation and growth strategies, Blinkit optimized operations, broadened offerings, and focused on boosting repeat orders to drive success in the competitive market.

Discover the impact of Google's app removals on popular platforms like Bharat Matrimony and Shaadi.com, the stock market repercussions, and the government intervention. Delve into Google's billing policy enforcement, unfair treatment of developers, and the irony of its own anti-competitive practices in India. Explore the legal battles and global implications of India's anti-trust case against Google.

Tata Motors' successful EV market position in India, Xpres-T sedan's impact on cab market, IPO plans for TPEML, revenue growth, dominance in passenger EV market against rivals like Mahindra & Mahindra, and Tata Motors' cautious approach to EV sedan market.

National Protein Day in India raises awareness of protein deficiency. Amul utilizes whey as a key dairy byproduct for protein products. The podcast delves into Amul's successful entry and pioneering role in the Indian protein market.