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Life’s toughest tests are ‘out of syllabus’, Modi tells IIT Delhi graduatesPrime Minister Narendra Modi urged IIT Delhi graduates to keep learning and innovating amid rapid technological and geopolitical changes. H...- UPI to remain free for consumers, says Payments Council of IndiaThe Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...
- FIIs now backing India's consumers, not capex: July data reveals major rotationForeign investors returned to Indian equities in July, but their buying reflected selective, defensive positioning. Consumer services, heal...
- Trump-linked fintech firm AI Financial sells unit to Prime DeltaAI Financial will receive a $12 million secured promissory note - with $1 million due next week and the rest paid over time - and about 1...
- From kanwars to commerce: Sawan's pop-up economyThe Sawan kanwariya pilgrimage presents an untapped business model for seasonal commerce. Highways can transform into commercial runways fo...
- Payments Council backs UPI merchant charges, says users, small businesses will remain exemptPCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...
- Impact of MDR’s return; KKR veterans to anchor new fundHappy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in toda...
- Deeptech backer Piper Serica raises Rs 300 crore in first close of new fundPiper Serica has secured Rs 300 crore for its Bharat Tech Fund. This new fund will invest in deeptech startups across various sectors. Near...
- UPI apps could chase big-ticket transactions as MDR return loomsThe UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...
- Circle shares fall nearly 4% as revenue miss overshadows quarterly profit beatCircle's profits in the second quarter significantly outperformed expectations, attributed to the growing adoption of USDC tokens. The surg...
- Meta apologises over lapses; Ola Electric shares surgeMeta apologised for lapses on its platforms during a meeting with IT Secretary S Krishnan. This and more in today's ETtech Top 5.
- GetVantage secures Rs 63 cr in Series A1 round to scale Capital Gateway for MSMEsThe fresh injection is expected to unlock hundreds of crores in operational debt capital from GetVantage’s financial institution partners.
- AI can accelerate growth in developing economies, says World BankDeveloping economies are experiencing their weakest average growth performance in three decades. The report said AI could significantly lif...
- Cash flow financing firm GetVantage raises Rs 63 crore in equity, debtMumbai-based GetVantage secured sixty-three crore rupees in a funding round. This capital infusion was led by Rajeev Ahuja and SanRaj Group...
- Payments bill revives hopes of MDR return on large-ticket UPI transactionsET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchan...
- Payment Bill rekindles MDR hopes for large-value UPIProposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintec...
- Govt to move amendments to IT Act to pave way for levy of MDRET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an i...
- Fintechs chase new revenue; Flipkart’s food delivery launchHappy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETte...
- Listed fintech firms are widening revenue bets as core growth coolsIndia's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, P...
- Chime to cut 10% of total workforce on AI driven efficienciesFintech firm Chime is reducing its workforce by ten percent. This move aligns with a broader trend of companies using AI for operational ef...
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