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The middle income segment—the largest in terms of consumption—may not really be witnessing any reduction in size, but factors such as unemployment and inflation are sure contributing to a sharp dip in purchasing power.

The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
Slowing growth, weakening store metrics and a puzzling fundraise point to the retailer losing some of its post-Zudio sheen.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.