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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The conglomerate’s plan to enter customer-facing businesses comes as part of efforts to take on companies like Reliance Industries (in e-commerce) and Google (in digital payments).
The Adani group is planning to enter e-commerce and payment services, Financial Times reported on Tuesday, citing four people familiar with the matter.
The conglomerate is mulling applying for a Unified Payments Interface (UPI) licence and is also in discussions with banks to launch a co-branded credit card. If this goes through, the Adani group will compete with Google Pay and PhonePe in India's digital payments space.
Apart from this, the group is also engaged in negotiations to offer online shopping via Open Network for Digital Commerce—the government-backed public e-commerce platform. ONDC and UPI are key components of India’s digital …
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
