Food delivery and e-commerce platform magicpin aims to expand its AI assistant, Vera's, merchant base to over 1 million by the end of 2026. Launched three months ago, Vera already supports over 5 lakh merchants by providing real-time order insights and has facilitated over 50 lakh interactions across various business verticals. The company has invested USD 1 million in its AI stack and plans further enhancements to Vera's capabilities.
ICICI Bank is seeking recoveries of at least 100 crore from fintech firms, alleging merchant misclassification of their business, a practice that has eroded the bank's interchange income. The dispute, lodged with global card network Visa, highlights growing discomfort among banks and intensified scrutiny from the Reserve Bank of India.
India has strongly protested to the United States after three merchant ships with Indian crew members were attacked by the American military off the coast of Oman, resulting in the deaths of three Indian nationals.
Fintech giant PhonePe has announced it has surpassed 50 million registered merchants on its platform, marking a significant milestone as it expands its financial service offerings beyond QR code payments.
The sun's out and so is your excuse to wear the accessory of the season -- hats. Not just for shade anymore, hats have officially entered their fashion era, turning even the simplest outfits into full looks.
An India-bound container vessel, the 'Epaminondes', was seized by Iran's Islamic Revolutionary Guard Corps in the Strait of Hormuz, with an Indian merchant navy officer from Rajasthan among the crew, his family reported. The family has appealed to the Indian government for assistance in ensuring the safe return of the crew.
A 24-year-old Merchant Navy sailor died after being struck by an unidentified vehicle on the Delhi-Dehradun expressway while on leave. His mother was seriously injured in the incident.
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Three alleged cyber fraudsters, including the mastermind, have been arrested in Gorakhpur for operating a fake merchant QR code racket. They used forged documents and mule accounts to channel money from cyber crimes, with transactions worth crores of rupees linked to cases across several states.
The US forces conducted strikes against Iran, on Friday, as a powerful response to Thursday's attack on a commercial ship that was transiting the Strait of Hormuz, said Central Command (CENTCOM) in a statement.
Iran has criticised recent US attacks on merchant ships off the Oman coast, which resulted in the deaths of three Indian nationals, calling them a threat to global peace. India has also strongly condemned the 'lethal and deadly' strikes and summoned the US charge d'affaires to express its concerns.
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BJP leaders and other political figures visited the family of Shivanand Chaurasia in Deoria, Uttar Pradesh, who was among three Indian crew members killed in an attack on merchant ships off the Oman coast. They offered condolences and assured the family of government and party support. Shivanand, an engine fitter, was on a tanker targeted on June 10, and his body was recovered on Thursday.
'There has to be a safe harbour for licensed entities, which have followed all the norms prescribed by the RBI.'
According to sources, the Indian Navy warships are on standby to provide assistance or help required by merchant vessels.
India has expressed firm opposition to attacks on merchant shipping amidst the ongoing Iran conflict, revealing that several Indian nationals have died or are missing due to these incidents. The nation also called for restraint, de-escalation, and prioritising civilian safety in the region.
An Indian-flagged dhow sank off the Oman coast due to mechanical failure, but all 14 crew members were successfully rescued. This incident occurs amidst heightened tensions in the region following recent US military actions against merchant vessels, some involving Indian crew, which India has strongly condemned.
US Marines boarded and searched a commercial ship, M/V Blue Star III, in the Arabian Sea on suspicion of violating the US blockade of Iranian ports, later releasing it after confirming it was not headed to Iran.
India's Ambassador to Oman met with 20 Indian crew members of MT Jalveer in Muscat ahead of their repatriation, following an incident off the Oman coast. This marks the third such incident involving Indian seafarers and US military action in recent days, with previous strikes resulting in casualties.
Merlin, a domesticated duck dressed in a miniature Mexico shirt and custom socks, has become an unexpected unofficial mascot for Mexico's World Cup team. After going viral during street celebrations, Merlin's popularity soared, with fans embracing the feathered supporter and his owner, Karla Gomez, expressing delight at his newfound fame.
India has expressed 'deep worry' and strongly protested to the US after three merchant ships carrying Indian crew members came under attack from the American military off the coast of Oman in four days, resulting in the deaths of three Indian seafarers.
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Fugitive diamond merchant Nirav Modi has been ordered by a UK High Court to pay Bank of India over USD 11.5 million, including accruing interest, for a personal loan guarantee related to his Dubai-incorporated firm, Firestar Diamond FZE.
The family of Captain Rakesh Ranjan, who died on a merchant vessel near the Strait of Hormuz, is seeking assistance from the Indian government to repatriate his body. They claim the ship was stranded due to the West Asia conflict and are urging authorities to expedite the process and ensure the release of his financial dues.
The Directorate General of Shipping has advised Indian maritime agencies to restrict the deployment of seafarers to conflict areas following a US military strike that killed three Indian crew members off the Oman coast. India has also protested the attack, which occurred amidst heightened tensions in the Gulf region.
Before Diego Maradona's famous blue shirt became a $9.28 million auction item, it may have had a humbler beginning in Tepito, Mexico City's market district.
The US has warned India that any violation of its naval blockade in the Strait of Hormuz and illicit transport of Iranian oil will not be tolerated, a statement made amidst a diplomatic row over the deaths of Indian seafarers in US attacks on commercial vessels off the coast of Oman.
'The US was well aware of the nationality of the seafarers on board the vessels. It was not hidden. The nationality of those aboard a merchant ship is known to all the ports.' 'So, why did US shoot a missile that resulted in the deaths of the Indian mariners?'
Congress leader Rahul Gandhi has strongly criticised Prime Minister Narendra Modi for his silence on the deaths of three Indian seafarers in US military strikes on commercial vessels, calling Modi a 'compromised PM' who lacks the courage to confront those responsible.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
Rajasthan's Anti-Narcotics Task Force (ANTF) has conducted six operations across the state, seizing narcotics worth Rs 92 lakh and arresting six individuals. The seizures included poppy husk, opium, smack, and cannabis plants, with a significant bust involving a truck with secret compartments in Bhilwara.
Fintech unicorn Razorpay has confidentially filed draft documents with SEBI for an Initial Public Offering, with market sources estimating the issue size between Rs 5,000-6,000 crore. This move comes as a rival firm, PhonePe, has paused its IPO plans.
External Affairs Minister S Jaishankar lodged a strong protest with US Secretary of State Marco Rubio over US Navy attacks in the Gulf that killed three Indian mariners. India also summoned the US Charge d'Affaires in New Delhi regarding the incident.
Prime Minister Narendra Modi urged US President Donald Trump to prioritise the safety of Indian seafarers in the Strait of Hormuz during the implementation of Washington's proposed Iran peace deal, as both leaders focused on repairing strained bilateral relations at the G7 summit.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.
Iran has dismissed US President Donald Trump's assertion that Iran was responsible for a drone attack on Indian ships in the Strait of Hormuz as 'simply baseless'. The Iranian embassy stated that Trump's comments were an attempt to deflect attention from recent US military strikes on merchant vessels in the Gulf of Oman, which resulted in the deaths of three Indian mariners.
The missing seafarer has been identified as Sarthak Mahapatra, a native of Kespur in Bhadrak district.
The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
