As India's biggest Unified Payments Interface (UPI) app PhonePe prepares to list, the updated draft red herring prospectus (DRHP) shows the impact of regulations on the business, and concentration of payments-linked revenue even as UPI lacks MDR (merchant discount rate).
Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday.
On Wednesday, November 10, night, a SpaceX Falcon 9 rocket blasted off from the Kennedy Space Center in Cape Canaveral, Florida.
Anil Menon, the latest to join the list of American astronauts with Indian roots, will fly to the International Space Station in June 2026 as a flight engineer.
On Sunday morning Eastern US time, four astronauts will zoom into space on a SpaceX Falcon 9 rocket from the Kennedy Space Centre in Florida. Commanding the spaceflight is Raja Chari, a United States Air Force colonel.
The most popular festival in Jodhpur is the Marwar Festival. The two-day festival is held every year in the month of Ashwin (between September and October) in memory of the heroes of Rajasthan.
The Federation of Indian Associations hosted an event to celebrate India's Independence Day at Times Square in New York.
As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.
The plane made an emergency landing at the Bhopal airport, Bhopal police commissioner Harinarayan Chari Mishra told PTI.
The home ministry on Thursday announced the Padma awards which included five Padma Bhushan, 17 Padma Bhushan and 110 Padma Shri.
The Crew-3 astronauts will spend approximately six months aboard the space station conducting new and exciting scientific research in areas such as materials science, health technologies, and plant science to prepare for human exploration beyond low-Earth orbit and to benefit life on Earth.
Chari, 43, will serve as the commander while NASA's Tom Marshburn will be pilot and ESA's Matthias Maurer will serve as a mission specialist for the SpaceX Crew-3 mission to the ISS, which is expected to launched next year.
PhonePe said on Tuesday it has launched a service that will allow the fintech firm's Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). 'UPI international' supports merchant outlets in UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR (quick response) code. Users will be able to make direct payments in a foreign currency from their Indian bank, like they do with international debit cards.
Like, Share, Subscribe, Vote: The 2024 polls may be dubbed 'YouTube election'.
As these forms are quite elaborate, their early notification will give assessees more time to get the documentation and paperwork ready, and hence make complete disclosures while filing their returns.
Images from the ICC Women's Under-19 T20 World Cup 2023 final between India and England at JB Marks Oval in Potchefstroom, South Africa, on Sunday.
The current public mood is that it will be a hung assembly. No one, not even in the BJP, is talking about even a simple majority for the party.
Batting sensation Shafali Verma will chase history when she leads India against England in the first-ever ICC Under-19 Women's T20 World Cup final on Sunday.
Special audit report conducted by the PricewaterhouseCoopers on Multi Commodity Exchange has met with another opposition. Earlier FTIL, the promoter of MCX had opposed its contents and now Venkat Chary who is FTIL's non-executive chairman has sent a notice to PwC. PwC report submitted to the FMC in last April mentioned the names of Key Management Personnel of MCX and the name of Venkat Chary was mentioned in that list. Chary was Chairman, MCX, during that period. Chary who had in past also served as Chairman of FMC objected to the PwC mentioning his name as the key management personal of MCX. He wrote to the audit firm saying that he was FMC-nominated Non-executive Independent Director and Chairman on the Board of Directors of MCX till July 13 when he resigned following revised FMC guidelines which laid down 70 years as the maximum age for Chairman/Director. Chary sighted provisions of Companies act and Section 2(51) of the Companies Act, which defines " key managerial personnel" in relation to a company include CEO or MD, whole time director, CFO, company secretary and other officer as prescribed. "As non-executive independent director and Chairman nominated/approved by the FMC, I did not fall within any of the above categories," said Chary and hence blamed PWC for not showing due diligence in your special Report to the FMC. Chary has sent a notice to PWC asking it to take immediate steps to rectify this error. Since PwC Report was placed in the public domain, "it has caused serious damages to my reputation as a practising Advocate of the Bombay High Court." Chary has asked PWC if remedial action are not taken he will report the case to the Institute of Chartered Accountants of India for professional misconduct under the Chartered Accountants Act, 1949, by showing gross negligence in the in professional duties. Chary has said, "I also intend to resort to the civil and criminal courts for damages/action against PWC." When contacted PwC spokesperson said that, "Our work has been executed to the expected professional standards and we stand by the content of our report submitted to the Forward Markets Commission". Chary is not the first to oppose PWC, FTIL it self had said the report was prepared without giving them chance to respond and have not accepted contents. Recently, Riddhi Soddhi Bullion, had sent a legal notice for mentioning its name as 'indulging in wash trades on MCX.' The leading bullion trader had claimed damages in their defamation suit.
A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
'There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors.'
A fly-past by a 220-ft-long majestic Indian tricolour, made of khadi, over the iconic Hudson river and the display of a giant billboard at Times Square are among the highlights of the grand celebrations planned to mark 75 years of India's Independence in New York this week.
Raja Jon Vurputoor Chari, 43, a graduate of the US Air Force Academy, MIT and US Naval Test Pilot School, is the only Indian-American in the list.
As per the preliminary information, the deceased included a woman, a senior police official said.
A Dubai-based Indian couple had a narrow escape in the Sri Lanka blasts.
'As we gird ourselves for rising infections, India's harsh lockdown remains an epic tragedy,' observes Rahul Jacob.
Raja Chari is in training to go to space in 2019. Vaihayasi Pande Daniel presents the story of his journey from Cedar Falls, Iowa, to NASA. A Rediff.com Exclusive!
The National Investigation Agency has recovered some bottles of acid from the house which the alleged co-founder of terror outfit Indian Mujahiddin, Yasin Bhatkal, had rented in Goa in November 2011.
In other big movements, Punjab Kings have released their last edition's captain Mayank Agarwal, while West Indies skipper Nicholas Pooran was released by Sunrisers Hyderabad.
Foreign investors don't like policy uncertainty and reversibility, says Anusha Chari.
As regards India, FIIs have pumped in over Rs 34,400 crore in the Indian stocks in calendar year 2021.
PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster
Left-arm spinner Rangana Herath claimed five wickets as Sri Lanka took control of the second and final test against Zimbabwe on day three on Tuesday. The touring side reached the close on 102 for four in their second innings, a lead of 334 runs, after Herath, who opened the bowling, bagged his 27th test five-wicket haul with figures of 5-89. Dimuth Karunaratne (54 not out) and Asela Gunaratne (six not out), who scored a maiden test century in the first innings, will resume on Wednesday as Sri Lanka seek to set a massive target after bowling Zimbabwe out for 272. Seamer Carl Mumba (3-31) was the pick of the home bowlers supported by leg-spinner Graeme Cremer (1-21).
India's largest commodity bourse MCX is likely to launch its up to Rs 750 crore (Rs 7.5 billion) initial public offer (IPO) by month-end, becoming the first ever exchange in the country to get listed.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
If it splits now, who takes what away and leaves what behind? asks Shekhar Gupta.
Lt Col Raja "Grinder" Chari, 39 is in the batch of 2017.
After a gruelling 24 hours, the PhonePe team has fully restored UPI on the payment platform. The app is up and running again with ICICI Bank as its new partner with all payment instruments enabled.
The TRS spokesman also claimed that the police had confirmed Narendra's alleged role and the party decided to suspend him from the party to protect its image.
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