Search Results for: financial sector

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500. Oct 9, 2024
Abdullah family

NC's Victory Sparks Discourse on Delhi-J&K Relations

Farooq Abdullah's National Conference (NC) has emerged as the largest party in J&K's 2024 Assembly polls.The NC's historical ties with the BJP could position Farooq as a bridge between Delhi and J&K. The NC is set to form an alliance government with Congress, marking a critical juncture in J&K's political dynamics. Oct 8, 2024
E-Commerce

Indian E-commerce Market Set to Soar to $325 Billion by 2030

The Indian e-commerce market is projected to reach $325 billion by 2030, driven by rural demand and a 21% CAGR. Retailers are adapting to omnichannel strategies and expanding in tier 2 and 3 cities, with growth also fueled by increased smartphone use and internet access. Oct 8, 2024
Rs 2,000 crore WazirX hack: Govt probe on as millions of users seek refunds

WazirX's $234M Cyber Heist: A Deep Dive into the Aftermath

The Indian cryptocurrency exchange WazirX has been hit by a colossal cyber theft, with losses amounting to a staggering Rs 2,000 crore (approximately $234 million). The incident, which transpired in July 2024, has left millions of users in a state of limbo as they anxiously await the refund of their digital assets. Oct 7, 2024
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