Ask Prem Panicker about how Day 4 of the MCG Test went for India via the chat interface.
Join us on The Stumps Show at 1230 pm tomorrow, Saturday, December 28, 2024. Ask questions about Day 4 of the MCG Test via the chat interface -- which Prem Panicker will respond to in real time.
While sedan sales have declined in the mass-market segment in recent years, demand remains strong for BMW sedans, which account for 45 per cent of its sales in India.
This marks a 67% increase from the Rs 2,537 crore lost in scams in 2022-2023.
'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'
The Lal Bahadur Shastri National Academy of Administration (LBSNAA) has issued guidelines to newly selected civil service candidates, advising them to be mindful of their social media posts, reject all forms of inducement, and maintain a high standard of conduct both inside and outside the academy.
An hour-long disruption could affect around 40 million UPI transactions.
Companies have been approached to set up incubation centres that will offer financial and non-financial support to manufacturing startups at various levels.
'The only solution is for the government to allow us to charge a low controlled MDR of 25 bps on UPI P2M transactions only for merchants with more than a Rs 40 lakh turnover.'
'From the Indian perspective, young customers with more disposable income will also drive the growth.'
'It is our duty to keep space sustainable and free of debris.'
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
Here is the sentiment meter for the state, created by Rediff Labs.
'United Health Interface is in line with UPI. UPI is a language of money transfer, similarly, UHI is a set of protocols, which is going to create a language of health service delivery'
Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
While some may be gimmicky the amount of functionality these interfaces offer is immense.
Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.
'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'
An extensive drug trafficking network operating throughout north India, with a particular focus on Shimla, has been busted following the arrest of two individuals - one from Kolkata and one from Delhi. The syndicate used online platforms for booking drugs, misusing innocent people's accounts and delivering drugs through couriers. Police have frozen 21 accounts associated with the network and arrested 16 individuals, including the kingpin, Sandeep Shah.
'The true measure of Project Tiger's success is not just rising tiger numbers, but our ability to ensure harmonious human-wildlife coexistence'
'With a very stable technology with limited functionalities, a large network has spanned out.'
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
'The use of AI, especially genAI is only going to get worse, especially in an enterprise ecosystem.'
Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation (Ebitda) level for FY25, chief executive officer (CEO) Nalin Negi said.
With rising disposable incomes in cities beyond metros, the penetration of credit cards - and consequently, credit card spending - is growing at a much faster pace than in traditional metro cities, primarily driven by e-commerce spending.
'If you are not prudent, you may exceed your budget, and if it happens too often, you may end up in debt.'
About 99,165 electric cars were sold in India in 2024, but electric car penetration -- share of electric car sales in total sales -- was just about 2.5 per cent.
In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) applications, a record since UPI's launch in 2016. This surge reflects growing interest from financial technology (fintech) companies, driven by the integration of credit products like UPI-linked credit cards and pre-approved credit lines.
Unified Payments Interface (UPI) transactions saw an 8 per cent month-on-month increase in volume to 16.73 billion in December, the highest volume for the digital system since it became operational in April 2016. The value also increased by 8 per cent to Rs 23.25 trillion, up from Rs 21.55 trillion in November.
In FY24 alone, 1.34 million fraud cases were reported, amounting to losses of Rs 1,087 crore.
The Indian government has sanctioned the creation of the first all-women Central Industrial Security Force (CISF) reserve battalion, consisting of over 1,000 personnel. This move addresses the increasing demands on the force at airports and other vital installations. The new unit will be formed from existing CISF personnel and will be led by a senior commandant-rank officer.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
'There has been a spurt of algo platforms, and algo developers, which are neither empaneled nor regulated, but are still active in the ecosystem.'
The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.
In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsised enterprise (SME) listings, and deepening the fund management ecosystem.
Software giant Microsoft is working on developing a Bengali-language interface and expects it to be ready within a year, a company official said on Wednesday.
Many enter this arena without a detailed understanding of how their algo works.' 'Diligently review information on the strategy, risk profile, potential losses, and expected gains before investing.'
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
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