Greaves Cotton has acquired the remaining twenty percent stake in Excel Controlinkage. This acquisition makes Excel Controlinkage a wholly-...

The Ministry of Defence has contracted General Atomics for two Sea Guardian drones. These advanced remotely piloted aircraft systems will s...

The financial services landscape is evolving, emphasizing the importance of software and data infrastructures. In India, digital payments a...

India’s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal ban...

The US Department of War is ramping up missile interceptor production in collaboration with essential partners. Contracts with Boeing and R...

A man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under R...

A parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...

Navi Ltd. is preparing for an Indian IPO targeting up to $315 million, with JM Financial, Kotak Mahindra Capital, Goldman Sachs and JPMorga...

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain cl...

Apple Pay may launch in India this October without UPI support. The service will initially use tokenized Visa and Mastercard credit cards. ...

Standard UPI transfers for individuals will remain complimentary, ensuring users can continue making everyday payments without worry. While...

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infras...

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volumes. As debate over merchant charg...

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...

Finance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stated that merchants will bear any ch...

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...