LivePhonePe Becomes First Indian Fintech to Allow UPI Payments Overseas
PhonePe, which has the largest market share by UPI transactions, now supports international payments, and Indians travelling abroad can pay foreign merchants through UPI. It...
Category : BUSINESS
Air India Borrow Rs 18,000 Crore from SBI, BoB
Air India decides to borrow about Rs 18,000 crore from the State Bank of India and Bank of Baroda to re-finance prevailing debt over the...
Adani Prepays $1.11 Billion Loan, Releases Pledged Shares of 3 Companies
The promoters of the Adani Group prepaid the loan with shares in the three leading companies as collateral and released the pledged shares. The group...
OneWeb and Kazakhstan National Railways Sign MoU for LEO Satellite Connectivity
Low-orbit satellite communications company OneWeb and Kazakhstan’s national railway company “Kazakhstan Temir Zholy” have signed a Memorandum of Understanding (MoU) to explore the possibility of...
Reliance Retail Partners with Banks to Accept Digital Rupee
The digital rupee was first launched by the Reserve Bank of India (RBI) on December 1, 2022, on a pilot basis in retail markets in...
Airtel Now Owns 47.95% Direct Stake in Indus Towers
India’s leading telecom operator, Bharti Airtel, now directly owns 47.95% of Indus Towers. Note that Airtel already owns 47.95% of Indus Towers, which is indirect....
RBI Sets 7.26% Coupon Rate for New 10-Year Benchmark Government Bond
The Reserve Bank of India (RBI) set a coupon rate of 7.26% on new 10-year benchmark government bonds due in 2033 on February 3, raising...
Adani’s $108 Billion Crisis Shakes Foreign Investors’ Confidence in India
Ten days ago, Gautam Adani and his sprawling energy-to-ports empire looked invincible. Now, a US short-seller attack has plunged the billionaire into the worst crisis...
Azad Engineering is India’s First Supplier of Nuclear Turbine Components
Azad Engineering Private Limited, a Hyderabad-based precision engineering market leader, has been approved as the first Indian company to supply critical rotating components for nuclear...
Adani’s Market Losses Exceed $100 Billion as Shelved Share Sales Spook Investors
Shares in India’s Adani Group fell on Thursday after it abandoned a $2.5 billion share offering for its flagship company, widening the group’s market losses...