BUSINESS
Digital wallets transactions value to surpass $16 trillion by 2028
“Advanced services give digital wallet providers an opportunity to differentiate themselves in a congested market and generate additional revenue,” said research author Michael Greenwood. Super app strategies, which many digital wallets are pursuing, will rely on the effective deployment of advanced services at scale, he added.
As Go First flies into financial turbulence, its future hangs in a balance
A DGCA official said that the special audit was focused on safety-related aspects, compliance with requirements for holding an Air Operator Certificate, and the physical verification of arrangements made for the resumption of flight operations. Indian low-cost carrier Go First, previously known as Go Air, temporarily ceased its operations on May 3, 2023.
Airline woes mount: Passengers get more violent, pilots violate safety norms
These unsettling occurrences underscore the need for enhanced safety measures and stricter adherence to regulations within the aviation industry. One such incident took place in June, when a male passenger aboard an Air India flight from Mumbai to Delhi shocked fellow passengers and crew members by reportedly defecating and urinating inside the aircraft.
4 Indian-Americans in Forbes' 2023 Richest Self-Made Women list
The four have been named to the list of 100 most successful entrepreneurs, executives, and entertainers in the US with a cumulative wealth of record $124 billion, up nearly 12 per cent from a year ago. Silicon Valley engineer and Cisco veteran Jayshree Ullal, 62, leads the Indian-American pack ranking at number 15 on the list with a net worth of $2.2 billion.
Markets would consolidate this week
The week ahead sees a new issue hitting the capital markets. Utkarsh Small Finance Bank Limited is tapping the capital markets. The company is launching its issue with a fresh issue of Rs 500 crore in a price band of Rs 23-25.
SL debt treatment: India to play 'constructive role' as co-chair of Creditors Committee
The assurance came from Indian Deputy High Commissioner in Colombo Vinod K. Jacob. He also said that India was the first creditor nation in January this year to convey the financing assurances needed to kick-start the IMF process.
GST network brought under anti-money laundering law to plug tax evasion
This will give more power to the Enforcement Directorate (ED), the anti-money laundering agency, to act against tax evasion within GSTN.The government through a gazette notification, notified the exchange of information between ED and GSTN.
Narayana Murthy shares lessons on building a startup, facing uncertainty
"Once the managerial phase comes in, you invite managers to create systems and processes, establish protocols, invite independent directors, and have a good governance mechanism," Narayana Murthy said on devising leadership and organisational structure of a company.
Global public cloud revenue crosses $500 bn, Microsoft leads
Top 5 public cloud service providers – Microsoft, Amazon Web Services, Salesforce, Google, and Oracle – captured more than 41 per cent of the worldwide total and growing 27.3 per cent year over year, according to the latest IDC data.
Job cuts drop 49% in US in June, lowest in 7 months
According to the report from career services firm Challenger, Gray & Christmas. US-based employers announced 40,709 cuts in June, down 49 per cent from the 80,089 cuts announced in May.
Don't Miss
Advertisement