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Tech News
Flipkart, PhonePe Could Be $100 Billion Businesses in India, Claims Walmart CFO
Walmart‘s Flipkart marketplace and PhonePe payments business in India could be $100 billion (Rs. 8,19,750 crore) businesses buoyed by strong…
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Walmart CEO Expects Exporting Goods Worth $10 Billion From India by 2027
Retail giant Walmart on Wednesday said India’s unique ecosystem of suppliers will help the company in achieving its goal of…
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ONDC Framing Mechanism to Ensure Rule Compliance by Entities Involved
Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved…
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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell…
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Walmart Confirms It Paid Most of $1 Billion Tax to Move PhonePe Headquarters to India
Walmart late on Wednesday confirmed that it had already paid the Indian government most of the nearly $1 billion (roughly Rs.…
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Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart
Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a…
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WhatsApp Pay India Head Quits Within Four Months of Taking Charge
Vinay Choletti, head of WhatsApp’s India payment business, has quit the firm within four months in the role, marking the…
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UPI, Digital Transactions: Government Extends Deadline to Implement 30 Percent Cap
The National Payments Corporation of India (NPCI) on Friday extended the deadline for third party UPI players to meet its…
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NPCI Said to Be in Talks With RBI on Implementing 30 Percent UPI Volume Cap Deadline
National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in talks with the Reserve Bank on…
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WhatsApp Pay India Head Manesh Mahatme Said to Quit Firm Ahead of Plans to Ramp Up Payments Service
The head of WhatsApp’s India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned…
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Tech News
Paytm CEO Says Firm Chasing $1 Billion Goal, Seeks to ‘Rewind-and-Reset’ Fintech Pioneer After IPO Fiasco
Paytm was the poster boy for India’s tech startups, only to lose two-thirds of its value since its IPO and…
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Tech News
After PhonePe, Paytm Starts Taking Surcharge on Mobile Recharges
Paytm has started taking a surcharge for mobile recharges through its platform. The charge can be anywhere between Re. 1…
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