Tag: rupees
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Explainer-India’s UPI fee shake-up: What changes and why it matters
MUMBAI, Sept 16 : Using mobile phones to scan a QR code for payments has become near ubiquitous behaviour in India over the last decade, thanks to a widely used homegrown network, the Unified Payments Interface (UPI).But after six years of free use, regardless of size or type of payment, India has decided to
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UPI: The small fee raising big questions for India’s payments revolution
Since its launch in 2016, UPI has become a central part of India’s digital payments economy.
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RUPPs: Inside India’s little-known political parties that recieve millions of dollars
Little-known political parties are receiving millions in donations despite limited electoral activity.
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Hero Motors targets $401 million valuation in India IPO
Sept 10 : Indian auto parts maker Hero Motors has set a price band of 79 rupees to 84 rupees ($0.8307-$0.8833) per share for its initial public offering that kicks off next week, a public filing showed early on Thursday.At the top end of the range, the company is seeking a valuation of about 38.15…
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Maharashtra’s Ladki Bahin: Why India’s largest cash-transfer scheme for women is under scrutiny
India’s largest cash-transfer scheme for women in Maharashtra state is facing scrutiny over alleged lapses.
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India’s Swiggy posts narrower loss as quick commerce arm hits contribution break-even
July 30 : India’s Swiggy Ltd on Thursday posted a narrower quarterly loss by 34 per cent, buoyed by healthy demand for its food delivery and as its quick commerce arm hit a contribution break-even. The Instamart-owner reported a consolidated net loss of 7.91 billion rupees ($82.67 million) for the April-June
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Maharashtra: India’s Ganesh idol makers count cost of devastating floods
Weeks before the Ganesh Chaturthi festival, floods washed away months of work for idol makers in Maharashtra.
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India’s Tech Mahindra tops quarterly revenue views on manufacturing segment growth
BENGALURU, July 16 : Indian software services provider Tech Mahindra’s first-quarter revenue beat expectations on Thursday, with growth in the firm’s manufacturing segment and a weak rupee helping the topline.Revenue at India’s fifth-largest IT firm rose 17.7 per cent year-on-year to 157.12 billion rupees ($1
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