Author: Nandita Giri

The National Payments Corporation of India (NPCI) announced on Monday that RuPay, the domestic card network developed by NPCI, has introduced a new payment experience that eliminates the need for Card Verification Value (CVV) for its debit, credit, and prepaid cardholders who have tokenized their cards on the merchant application or webpage. This innovative CVV-less experience aims to provide a seamless and secure payment process for cardholders by eliminating the need to remember or retrieve card details during transactions. With the new feature, cardholders who have saved their card details (tokenized) on an e-commerce merchant supporting this functionality can enjoy…

The G20 summit has emphasized the importance of achieving greater transparency in taxation, particularly in light of the significant challenges posed by tax evasion and other forms of illicit financial flows. At the forefront of these efforts is the Global Forum on transparency and exchange of information for tax purposes. India is one of the co-chairs of the Asia Initiative of the Global Forum and is hosting its fourth high-level meeting in New Delhi on April 27-28 to discuss the exchange of information and tax transparency issues in the Asian region. The Asia Initiative aims to promote regional dynamics and…

The Indian rupee opened at 82.00 against the US dollar and dropped to 82.01 in interbank foreign exchange, resulting in a 6-paise decline from the previous closing. The Indian rupee started the trading session on Wednesday with a 6-paise drop against the US dollar, influenced by foreign capital outflows and weak performance in the domestic stock market. The exchange rate opened at 82.00 against the dollar and then slid further to 82.01. On the previous day, the rupee ended at 81.95 versus the dollar. Meanwhile, the dollar index decreased by 0.04% to 101.82 as per reports. Brent crude futures, the…

In India, there has been a steady increase in the number of influencers providing financial and investment advice, often without the necessary qualifications. This trend has had negative consequences in some cases, particularly in recent start-up listings. In India, the rise of financial influencers who lack the qualifications to dispense investment advice has become a cause for concern. With no regulatory framework yet in place by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India, these influencers have become a potential risk for investors. They often provide investment advice that can induce stock price movements,…

Air India has been committed to establishing a state-of-the-art digital and technology team to become the most technologically advanced airline globally. Tata Group Chairman Natarajan Chandrasekaran and Air India CEO Campbell Wilson are spearheading the digital and technology modernisation initiative at Air India. Air India has recently announced significant advancements in its digital systems modernization efforts, with numerous initiatives completed and many more nearing completion. In partnership with leading technology companies, Air India has made substantial investments to revamp its digital systems quickly. This modernization initiative is being overseen by Tata Group Chairman Natarajan Chandrasekaran and Air India CEO Campbell…

India’s love for gold continues despite rising prices, but the smuggling of the precious metal is a growing problem. The government has implemented measures to curb smuggling and promote the formalisation of the industry to prevent revenue loss and ensure consumer safety. India has always had a love affair with gold, with the precious metal being an integral part of Indian culture and tradition. However, the impact of rising gold prices and gold smuggling has become a cause for concern for the government and consumers alike. Rising Gold Prices and Its Impact on Demand Gold prices have been on the…

Apple Inc. has reported a significant increase in revenue in India, with sales reaching nearly $6 billion in the fiscal year ending in March. This underscores the growing importance of the Indian market for the tech giant, particularly as CEO Tim Cook arrives in the country to inaugurate Apple’s first local retail stores. Historically, Apple has faced challenges in gaining a significant market share in India due to the high cost of its products. However, the company is now actively focusing on tapping into the potential of India’s rapidly growing middle class, which presents a sizeable consumer base. The growing…