India Cuts Tariffs to Entice iPhone Manufacturing
The Indian leadership has decided to reduce taxes on the import of several components for mobile devices.
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Razorpay POS Offers Instant Refunds for Failed UPI Transactions
Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.
Microfinance Startup FinAGG Raises $11M From Tata Capital, BlueOrchard
Indian fintech FinAGG has raised $11 million in a Series A funding round led by BlueOrchard and Tata Capital to improve financing access for millions of Indian MSMEs.
India Is Among Top Fintech Cluster Hubs Globally
The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.
Google to Help Globalize India’s National Payments Service
Google Pay announced the beginning of cooperation with the Indian mobile payment system, in the space of which transactions worth several billion dollars are generated monthly.
Google Removes Several Cryptocurrency Platforms From Its Indian Play Store
Google has removed several cryptocurrency platforms from the Indian version of its Play Store.
India’s Digital Currency Transactions Top One Million Daily
In India, in December, local financial institutions paid some benefits to their employees in digital rupees.
India-Based Car-Sharing Platform Zoomcar Goes Public
Zoomcar, an Indian peer-to-peer carsharing platform that targets emerging markets, has gone public.
India to Block Crypto Exchange Websites
India has imposed restrictions on foreign crypto exchanges, including Binance.
IndusInd Bank Launches Corporate Credit Card
IndusInd Bank has launched a corporate credit card on the RuPay network.
Adani Green Energy Raises $1.13B to Boost Renewable Energy Transition in India
India’s largest renewable energy developer, Adani Green Energy, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity, achieving its stated target of 45 GW by 2030.
India Tests AI for Severe Weather Forecast
India’s governmental department believes that AI climate models can help improve forecasting, especially important for severe weather conditions like floods and droughts.
Bank holidays in Maharashtra 2024
Maharashtra, located on the western coast of India, is the third largest state in the country by land area. It was established in 1960 and declared Marathi as its official language, although Hindi, Gujarati, Kannada, and Bhojpuri are also widely spoken.
RBI Warns Risk of India Economic Growth Falter
The report of the Reserve Bank of India (RBI), which was released on Wednesday, December 20, contains a statement that the economic system of this South Asian country will continue to demonstrate dynamic growth at a healthy pace, but the fact of the negative impact of high inflation on consumer demand creates a risk factor […]
Meta Launches Partnership With India’s ONDC
Meta announced the beginning of cooperation with the Indian Open Network for Digital Commerce (ONDC).
India Central Bank Tightens Rules for Financing of Alternative Investment Funds
The Central Bank of India on Tuesday, December 19, banned banks and non-bank financial companies that are in the area of its regulation from sending financing to alternative investment funds.
