Curbs

Sankalp Phartiyal / Bloomberg: NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6% — - Paytm loses usage even before any disruption to its systems — Services of Walmart, Google capitalize on Paytm's troubles Sankalp Phartiyal / Bloomberg: NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google…

The ministry noted that the action has been taken in larger public interest from the perspective of airspace safety, efficiency of operations and passenger satisfaction. (Representative Image)In a detailed statement issued late on Tuesday, the ministry said the airport operator should have proactively taken steps to streamline and regulate the air traffic movements to address the congestion issueThe civil aviation ministry on Tuesday said flight restrictions have been imposed at the Mumbai airport to ease congestion,…

Brussels, Feb 09, 2024 -Social media TikTok on Friday lost a court bid to suspend strict new EU rules designating it a market "gatekeeper", pending a final ruling on the video-sharing app's legal challenge to the law.The landmark European Union law would force major tech firms to change their ways in a way that regulators hope will create a fairer market. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT…

Published By: Shahrukh ShahLast Updated: January 20, 2024, 09:51 ISTIndiGo Airline. (Photo: iStock)In a statement, the airline said that due to flypast rehearsals for the Republic Day parade, airspace restrictions have been imposed around Delhi airport from January 19 to January 26.The country’s largest airline IndiGo on Friday said some flights have been rescheduled and cancelled due to airspace restrictions around the Delhi airport in connection with the Republic Day parade. At the Delhi airport, there will be no…

Lockheed Martin Corp. and NASA gave the public a sneak peek of a plane that could pave the way for cutting some flight times in half.  The X-59, which was unveiled on Friday afternoon in Palmdale, California, has been designed to fly faster than the speed of sound with much less noise. When planes break the sound barrier — called Mach 1 — a loud and continuous sonic boom is created that can shatter windows on the ground. The US banned civilian aircraft from reaching this speed over land in 1973.“This breakthrough really…

China’s gaming regulator has clamped down on the world's largest digital gaming industry with rules to limit in-game purchases and compulsive playing behaviour.These include a ban on rewards for frequent log-ins, forced player duels, and prohibition on any content deemed to violate state secrets.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitMITMIT Technology Leadership and InnovationVisitIIM LucknowIIML Executive Programme in…

Mumbai: The Indian Venture and Alternate Capital Association, or IVCA, is reportedly in discussions with central government officials to help ease the wide-ranging curbs the banking regulator imposed earlier this week on Alternative Investment Funds (AIFs), potentially choking institutional fund flows to a high-risk and hitherto lightly regulated investment vehicle experts believe could be misused to evergreen doubtful corporate loans. SIDBI, which loans funds to small industries, and various AIFs are simultaneously…

Shanghai, Dec 22, 2023 -China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling. New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Digital TransformationVisitNorthwestern UniversityKellogg Post Graduate…

The Indian Venture and Alternate Capital Association (IVCA), representing private equity and venture capital funds, is seeking government help post RBI’s restrictions on alternative investment funds. This and more in the last edition of ETtech Top 5 for 2023! Thanks for reading us every PM.Also in this letter:■ Kitchens@ bags $65 million funding■ ETtech Deals Digest■ Ajio to become profitable this monthProgramming note: ETtech’s newsletter team will be off starting December 23. We will be back with a brand new edition of…

From setting up war rooms with cross-functional teams to working closely with banks, Razorpay and Cashfree are trying everything to win back merchants that they could not onboard earlier due to an RBI embargo, now that they have got the payment aggregator licence.Last year, the Reserve Bank of India had stopped merchant onboarding for both Razorpay and Cashfree. That embargo ended only on Tuesday when the regulator awarded them the final payment aggregator licence.Elevate Your Tech Prowess with High-Value Skill…