Digital Payments Failure Across India: What Happened?
India’s digital payment system has faced a nationwide outage, leaving millions of users unable to access funds or complete transactions. The major disruption was noticed on the afternoon of March 26, which affected various payment platforms and financial institutions and caused widespread inconvenience. People face problems with online payment platforms like Google Pay, Phone Pe…
Shipra Prajapati
Leadership Shakeup at BluSmart Amid Financial RestructuringÂ
BluSmart Mobility, India’s first and largest all-electric ride-hailing service and platform, is navigating a major transition, with multiple top executives stepping down as the company restructures its operations to improve financial stability. CEO Anirudh Arun, Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and VP of Experience Priya Chakravarthy have all exited, sources…
India Moves to Scrap Equalisation Levy on Digital Ads
In a major policy shift, the Indian government has proposed to abolish the 6% equalisation levy (EL) on online advertisements, signalling a move towards easing tax burdens on businesses. This decision, part of the 35 amendments to the Finance Bill 2025, is considered a strategic step amid ongoing trade discussions with the US. Since its…
ABHYUDAYA MITTAL
India’s Goli Soda Fizzes Up Global Markets with Strategic Expansion
India’s traditional beverage, Goli Soda, is witnessing a significant resurgence in key international markets, including the United States, United Kingdom, Europe, and the Gulf, driven by strategic expansion and product reinvention, according to an official statement released on Sunday. Under a strategic partnership with Fair Exports, India has ensured a steady supply of the beverage—now…
abhinav singh
₹1,500 Crore Fund Approved to Promote BHIM-UPI Usage
On Wednesday, the Union Cabinet announced an incentive scheme totalling ₹1,500 crore for low-value United Payments Interface (UPI) payments during FY 2024-25. This incentive aims to encourage small merchants to adopt digital payment methods, enhancing financial inclusion and reducing cash dependency. Key Highlights of the Scheme: “The incentive scheme for promoting low-value UPI transactions, which…
Google’s $32 Billion Bet on Cloud Security, Acquires WizÂ
Google’s parent company, Alphabet, is making a bold move in the cybersecurity space, announcing the acquisition of Wiz for a staggering $32 billion in an all-cash deal. The purchase is set to strengthen Alphabet’s presence in the highly competitive cloud computing market, where it competes with giants like Amazon and Microsoft. Once the deal is…
Shri Nitin Gadkari to address 32nd Convergence India & 10th Smart Cities India Expo
New Delhi, March 17, 2025: The 32nd Convergence India & 10th Smart Cities India Expo 2025, jointly organised by the India Trade Promotion Organisation (ITPO), Ministry of Commerce & Industry, and Exhibitions India Group (EIG), offers a unique opportunity for India’s digital and emerging technologies ecosystem to showcase their achievements and contributions. Scheduled from March…
John David
Apple to Boost India’s Manufacturing with ‘Made in India’ AirPods
Apple is doubling down on its commitment to the ‘Make in India’ initiative by gearing up to produce AirPods locally for export. This move makes AirPods the second product category—after iPhones—to benefit from India’s production-linked incentive (PLI) scheme. Launched in September 2014 by the Prime Minister, ‘Make in India’ is part of a broader vision…
India’s Forex Reserves Soar by $15.26 Billion in a WeekÂ
In a striking turnaround, India’s foreign exchange reserves skyrocketed by $15.267 billion in the week ending March 7, 2025, reaching $653.966 billion. This surge follows a decline of $1.78 billion in the previous week. Interestingly, the increase alone is nearly equal to Pakistan’s total forex reserves. Foreign Currency Assets Drive Growth The bulk of this…
Jio And Airtel Join Forces With SpaceX For Starlink
On March 11, 2025, India’s No. 2 telco, Bharti Airtel, signed a deal with Elon Musk’s SpaceX to bring Starlink internet services to India, intensifying its rivalry with Mukesh Ambani’s Jio. The deal is conditional upon Starlink getting government approval to begin operations in the country. Airtel shared that both companies would use each other’s…