While the protestors are beginning to up the ante by blocking railway tracks, the agitation this time seems a pale shadow of their movement in 2020.
Happy Tuesday! Regulatory actions have crippled Paytm Payments Bank’s mobile wallet business. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ BluSmart FY24 revenue jumps■ Drop in renewal deals troubles IT cos■ Ola Cabs CEO Hemant Bakshi resignsPaytm Payments Bank’s mobile wallet business in a spot 109708584Paytm Payments Bank is staring at an uncertain future after the Reserve Bank of India (RBI) asked the bank to stop offering basic banking...
India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.
At a time when AI is the buzzword on everyone’s lips — from businesses to governments — where does India standon adoption of the technology? The Artificial Intelligence Index Report 2024 published by Stanford University sheds some light. India is number one in the world in terms of relative AI skill penetration, and is in the top four globally when it comes to relative AI hiring rate. 109476217The country’s AI talent concentration remains low but the rate of growth has been the fastest in the...
The regulatory action on Paytm Payments Bank has brought the mobile wallet business of the entity, one of its most popular offerings, to a grinding halt. While it cannot add new customers as per the Reserve Bank of India diktat, transactions on the platform have fallen drastically over the last three months as consumers slowly move out of Paytm Payments Bank’s wallet ecosystem.According to data released by the RBI, Paytm Payments Bank reported 7.4 million fund transfer transactions in its...
The board of Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. I, personally or anyone from OCL, have no connection with the payments bank, Vijay Shekhar Sharma said at a webinar. There is an independent board taking care of everything and we have full faith in their capability. The Reserve Bank of India (RBI) in late January had...
ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.
NEW DELHI (AP) — The world’s largest democratic election could also be one of its most consequential. With a population of over 1.4 billion people and close to 970 million voters, India’s general election pits Prime Minister Narendra Modi, an avowed Hindu nationalist, against a broad alliance of opposition parties that are struggling to play []
Bengaluru is grappling with a water shortage so severe, there isn’t enough to take a shower or flush a toilet, and all residents want from a new government is a resolution of the crisis, Stuti Mishra reports
The declining quality of life in India should prompt soul-searching and rectifying regional cooperation rather than brow beating smaller neighbours.
Taylor Swift grew up as a fan of the Philadelphia Eagles. Only recently did she convert to the Kansas City Chiefs by nature of her relationship with Travis Kelce. The international pop icon is officially engulfed in her fandom to the fullest extent after the first round of the NFL Draft on Thursday night. Swift […]
Visa's CIO Don Hobson shares his vision for how generative AI will revolutionize the global payments landscape, from enhanced fraud detection to greater financial inclusion.