India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe, MD and CEO of the National Payments Corporation of India, told Tech…
Dilip Asbe said that newer UPI apps could be more competitive with a viable commercial model
Amazon will invest an additional $13bn in India by 2030, the company said on June 25, lifting its planned spending in the country to $48bn over the period and routing the new money into the part of the business that now drives almost everything Amazon …
Meta is paying $900mn for a fifth of Cred, an Indian fintech. The bigger prize is its founder, Kunal Shah, who will now run WhatsApp. Meta has found its next WhatsApp boss the way it now likes to find people: by writing a cheque. On Monday, the company…
Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, filed its draft red herring prospectus with India’s securities regulator on Friday for what would be the country’s largest initial public offering. The filing covers a f…
At its annual shareholder meeting on Friday, Reliance unveiled two things at once: paperwork for what could be India’s biggest-ever stock-market listing, and a plan to put a Starlink rival into orbit. Jio Platforms, the digital and telecom arm of Mukes…
The company has gone to the Delhi High Court over a block tied to alleged cheating on a national medical-entrance exam, a measure affecting more than 150 million users. Telegram has asked the Delhi High Court to overturn an Indian government order that…
Tata Consultancy Services will book a one-time charge of $70m after the US Supreme Court declined to hear its appeal in a trade-secrets dispute, the Indian IT giant said. The court’s refusal, issued on 15 June, closes the last legal avenue in a case th…
India has temporarily blocked access to Telegram until 22 June, the government said, after concluding that cheating rackets were using the app to defraud candidates sitting a high-stakes medical-entrance re-exam. The order, invoking Section 69A of the …