India

Retailers Cannot Insist on Customers’ Mobile Numbers to Provide Services, Consumer Affairs Ministry Says

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[ad_1] The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday. The advisory has been issued following several consumer complaints. Customers have complained about many retailers not providing them services if they … Read more

PhonePe Raises Additional $100 Million Investment From General Atlantic During Ongoing Funding Round

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[ad_1] Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million (about Rs. 828 crore) investment from General Atlantic. With this fundraising, General Atlantic and its co-investors have contributed $550 million (roughly Rs. 4,555 crore) in the ongoing $1 billion (roughly Rs. 8,282 crore) funding round of PhonePe at a pre-money valuation of $12 … Read more

TCS Bags Rs. 15,000-Crore Purchase Order From BSNL to Deploy 4G Network Across India

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[ad_1] Tata Consultancy Services on Monday said a consortium, led by the IT giant, received an advance purchase order valued over Rs. 15,000 crore from the state-run BSNL for the deployment of a fourth-generation mobile (4G) network across India. This comes at a time when Reliance Jio and Bharti Airtel are ramping up their infrastructure … Read more

Japan Explores Ways to Join India’s UPI Payment System

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[ad_1] Japan is mulling to join India’s UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. “Almost every global forum, whether G20, SCO (Shanghai Cooperation Organisation) or G7, wherever we are presenting Hon’ble … Read more

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

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[ad_1] India is reportedly reconsidering to let crypto investors use Unified Payments Interface (UPI) to purchase digital assets like cryptocurrencies and non-fungible tokens (NFTs). The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI for crypto transactions. These proposals have been sent by crypto advocacy group Bharat Web3 … Read more

PVR-INOX Will Shut Down Around 50 Loss-Making Cinema Screens Over the Next 6 Months

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[ad_1] Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. “The company plans to shut down approximately 50 cinema screens over the next 6 months,” said PVR INOX in its investor’s update for the fourth quarter and financial year ending on March 31, 2023. These properties are loss-making, … Read more