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CASH LITE ECONOMY
UPI outage disrupts digital payments nationwide, users vent onlineIndia’s UPI system faced a major outage on Saturday, disrupting payments nationwide and impacting small businesses. Users, caught off guard...- HSBC cuts Elastic Run valuation; Hero MotoCorp doubles down on AtherHSBC has cut its valuation estimate for B2B ecommerce firm Elastic Run by nearly half, bringing it under $1 billion. More on this in today’...
- Reckless to be cashless: Why it could be risky to place all one's bets on digital transactionCash is the physical representation of fiat currency, which legitimises all digital transactions. Undermining cash is tantamount to trivial...
- UPI merchant payments to reach $1 trillion by FY26: ReportDigital and non-cash payment modes will contribute to almost 50% of the total consumption, if this current momentum continues.
- Restaurateurs welcome easing of curbs in DelhiKabir Suri, president of National Restaurant Association of India (NRAI) said on behalf of the industry, he would like to 'profusely' thank...
- Using your credit, debit card in smaller cities likely to become easierThe fund will be set up in consultation with the stakeholders. The framework will be operationalised by December 2019, said the RBI stateme...
- We’ve gained back share; to focus on ayurveda, premiumisation, rural distribution and e-comm”: Dabur chairman Amit BurmanThe youngest chairman of Dabur, Amit Burman said his focus would be to enhance science-based ayurveda products, premiumisation, rural distr...
- What the next 100 days under Modi 2.0 will look like for youThe new government will consider a clutch of proposals over the next 100 days to complete unfinished goals.
- RBI's vision document on payment systems to spur digital economy: Fintech firmsCOO of Payworld Praveen Dhabhai said the vision document has a focus on empowering payment system providers and at the same time providing ...
- RBI releases payments systems roadmap for a ‘cash-lite’ IndiaRBI sees sixfold increase in card-based transactions in next 3 years, propelling economy to a ‘cash-lite’ one.
- Red flags against $1 trillion boom in ‘Leveraged Loans’Major investors are also starting to warn about the lending products and their associated weak lending standards.
- 'Dollar is overdue for a rally'Gundlach warned that low volatility should not be seen as a new template for the market.
- Demonetisation stick now needs incentives as carrots: Economic Survey“Digitalisation is not a panacea, nor is cash all bad. Public policy must balance benefits and costs of both forms of payments. Second, the...
- AIIMS to become cashless with MobiKwik"AIIMS is the foremost medical institution in India and we are glad to have partnered with them," said Upasana Taku co founder Mobikwik.
- Usha Shriram starts hunt for investors including private equity firmsUsha Shriram Enterprises is in talks with several potential investors, including private equity firms to sell a part or whole of the unlist...
- Air India, Kingfisher Airlines accounts frozen by service tax dept for non-payment of duesVijay Mallya promoted Kingfisher Airlines has Rs 100 crore in dues while Air India owes Rs 170 cr as service tax liability.
- Domestic carriers fly into worry zoneAccording to CAPA, the combined debt of AI, Jet and Kingfisher could reach up to Rs 45k cr by fiscal-end.
- IT rental cos get a new lease of life as users go ‘asset-light’IT infrastructure vendors are witnessing a spurt in domestic lease operations as their clients, in line with the bleak business environment...
- Weekend getaways are slump season's flavourApart from making weekend trips, people are keen on exploring off-beat destinations or take part in adventure sports. How to carry your fun...
- JetLite hopes to wipe out losses by OctoberWith a turnaround strategy in place, JetLite, the value-carrier of Jet Airways, is looking at wiping out losses by October.
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