DIGITAL PAYMENTS NEWS
German antitrust authority says PayPal practices may restrict competition
Germany's Federal Cartel Office is scrutinizing PayPal's strategy that bars merchants from imposing extra charges for specific payment methods. This practice is perceived as a potential barrier to competition among payment services, raising concerns about compliance with existing competition laws. While PayPal has not yet provided a media response, this investigation indicates a growing regulatory focus on digital payment systems within Germany.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
These mid-caps have ‘strong buy’ & ‘buy’ recos and upside potential of up to 28%, according to analysts
Global markets on Wednesday celebrated the outcome of the US mid-term election as well as a sharp drop in oil prices. Oil prices, which at the end of last week were at about $118 to the barrel, are now under $95. The hope clearly is that Democrat control of both chambers of the US Congress will pressure the Trump administration to pursue a diplomatic end to the conflict with Iran in the Gulf.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
Lighting lives beyond Diwali: How everyday Indians are making a difference through giving
An RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights someone else’s life, long after Diwali.
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Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Pentagon's 'doomsday' plan as World War III fears grow: How US bases are planning to survive for 90 days as UK urges people to 'Be Ready' for crisis
Amid fears of a potential World War III, the Pentagon' Doomsday plan is to keep major US military bases operational for 90 days without outside support under its FORTRESS initiative. The plan includes independent power supplies, strategic reserves of essential materials and preparations for wartime factory production. Meanwhile, the UK government has launched its 'Be Ready' campaign, urging households to stockpile food, water, cash and emergency supplies in preparation for a national crisis.
Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO
Meesho cut its losses in the July-September quarter, while growth continued. This and more in today’s ETtech Top 5.
VerSe valuation sinks; Paytm Q2 profit rises
Happy Tuesday! Dailyhunt parent VerSe Innovation’s valuation has taken a sharp hit. This and more in today’s ETtech Morning Dispatch.
British investor Baillie Gifford fund marks down Dailyhunt parent amid revenue pressures
The Schiehallion Fund pegged the fair value of its 1.3% holding in VerSe Innovation at $7.47 million, according to its portfolio disclosures reviewed by ET, implying a total company valuation of roughly $576 million.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
At this juncture, what companies say about their Q2 results, and their outlook for Q3 and Q4, matters a great deal – but only to a certain extent. A company can plan only for what is in its control. No management can predict what the US President will decide, or which way the trouble in the Gulf will turn next.
NYC influencer Wendy Durán arrested in Colombia after cops find cache of guns and drugs in her apartment; all you need to know about her
Wendy Durán, a social media influencer known for her brand expansion content, was arrested in Columbia for illegal firearm possession. During the execution of a search warrant, authorities uncovered two Glocks and a Colt rifle in her home. Although she faces charges for trafficking and carrying firearms, there are no drug possession charges against her. Investigations are ongoing to explore any other potential criminal activities linked to Durán.
ED moves SC against Delhi HC order quashing PMLA case against news portal NewsClick
The Enforcement Directorate has challenged a Delhi High Court ruling that dismissed a money laundering case against NewsClick. The high court determined that the FIR was an abuse of legal process after evaluating the evidence presented. The court found insufficient grounds for the allegations of violating Foreign Direct Investment guidelines. After extensive investigations, the ED did not find any incriminating evidence against the accused.
Can you really pay to increase your Social Security benefits? What the 2027 COLA scam looks like and how to spot it before it costs you
Social Security COLA scam warning: Got a call offering a bigger Social Security cheque in 2027? Here is why you should hang up before you pay or share anything.
How Byju’s parent funded Aakash rights issue; Zetwerk IPO fully subscribed
Happy Dussehra! Byju’s parent used money repaid by Great Learning to back Aakash’s rights issue. This and more in today’s ETtech Morning Dispatch.
PhonePe sees opportunity to bring everyday savers into equities with PhonePe Invest: Rahul Chari
PhonePe on Monday rebranded its investing and trading platform Share.Market as PhonePe Invest, bringing it into its broader financial ecosystem. The platform combines stocks, IPOs, mutual funds and F&O offerings with a newly launched Portfolio Optimiser, a proprietary tool to help users build, review and optimise their portfolios.
Transferring immovable property? How TDS compliance is now simpler with new Form 141
With the introduction of Form 141, taxpayers can easily report TDS by combining several earlier forms into one streamlined approach. This update simplifies compliance for reporting transactions relating to rent, property transfers, and virtual digital assets.
From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI alliance
Meta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collaborations focus on enterprise AI initiatives and dedicated cloud infrastructure in India. Meta's joint venture will leverage Llama models for developing AI platforms, while Google focuses on establishing cloud services. Both companies aim to enhance Reliance's capabilities in AI and cloud technology sectors.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
A piece of advice for those who still have the stomach to invest in the current volatile market. Don’t take any price action as the gospel truth; look beyond the index movements. And, finally, be both cautious and selective in your stock picks.
Centre of forging partnerships
India's leaders are forging new international economic partnerships, particularly in technology, energy, and manufacturing sectors. The country is experiencing significant growth in renewable energy, further enhancing its energy security. Domestic investments are rising, with GIFT City attracting considerable international capital. Collaborations between government and business can lead to mutual benefits in various sectors. A focus on dialogue and cooperation is crucial as India seeks to expand its global influence.
A day after Christmas in 2020, a 28-year-old Chinese man lifted his sleeping ex-girlfriend’s eyelids, scanned her iris to unlock Alipay and transferred $24,000 to pay off his gambling debts
A disturbing incident unfolded in Nanning, China, where a 28-year-old man deceitfully stole nearly $24,000 from his ex-girlfriend's Alipay account. Under the guise of resolving a debt, he incapacitated her with cold medicine. Taking advantage of her unconscious state, he accessed her phone and emptied her accounts to satisfy his gambling habits. He was later caught and sentenced to three years and six months in prison, along with financial penalties.
CEA Nageswaran pitches for MSME-specific approach to NPA classification norms
V Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He highlighted that existing norms do not consider diverse cash flow cycles and working capital requirements. The Chief Economic Advisor pointed out that a uniform global framework is unsuitable for India’s business practices. Additionally, he suggested reducing compliance costs for MSMEs to improve their operational efficiency.
McDonald’s Monopoly returns with $1 million cash prize: Here’s how to play and what else you can win
McDonald’s Monopoly is back with a $1 million cash prize, 2027 Jeep Cherokees, cruises and other rewards. Here’s how the game works, where to find game pieces, how the McDonald’s app is used and when the promotion ends.
Polish regulator suspects Google abused dominant position in publisher payment talks
The Office of Competition and Consumer Protection, known by its Polish abbreviation UOKiK, said the charges relate to how Google negotiates remuneration for displaying articles and snippets in its search results, Google News and Discover services.
Piyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraise
Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch.
Is bank strike cancelled: Check latest update on September 28-30 bank strike, which banks will be affected and what services may be impacted
From September 28 to 30, 2026, a nationwide bank strike will impact public sector banks and Regional Rural Banks, initiated by the United Forum of Bank Unions advocating for a five-day work week. Customers are urged to complete any necessary banking tasks ahead of this strike to prevent interruptions. While private banks may experience minimal disruption, staying updated on their operations is recommended.
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