Indian banks are phasing out ATMs and cash recyclers despite record cash circulation. The shift is attributed to the rising popularity of digital payments and a focus on digital transformation. While cash remains significant in the Indian economy, ATM penetration is low.
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The Sensex plummeted 836 points as the post-US election euphoria faded, dragged down by foreign investors offloading Indian equities. Disappointing quarterly results from Indian companies also dampened market sentiment. Global markets were mixed, while Bitcoin reached a record high above $76,000.
Read MoreNCP leader Ajit Pawar criticized Uttar Pradesh Chief Minister Yogi Adityanath’s divisive rhetoric during his Maharashtra campaign. Pawar emphasized Maharashtra’s tradition of communal harmony and pledged support for his party’s candidate, Nawab Malik, who faces money laundering allegations. He also questioned the financial viability of the MVA’s campaign promises.
Read MoreThe Indian Air Force, Navy, and Coast Guard are terminating their agreements with Uber due to concerns about data security and potential location tracking of military personnel. Despite initial measures to protect data, the decision to scrap the contracts follows public controversy and aims to mitigate potential risks.
Read MoreThe Indian rupee fell to a new low against the US dollar, closing at 84.37, driven by foreign investors selling equities and a strengthening dollar following Donald Trump’s presidential victory. Despite outperforming some Asian currencies, the rupee faced pressure from strong dollar demand. Analysts predict further depreciation before potential recovery, contingent on global factors...
Read MoreRussian President Vladimir Putin congratulated Donald Trump on his US election victory, expressing hope for improved relations. While welcoming Trump’s stated desire to restore ties and address the Ukrainian crisis, the Kremlin remains cautious, awaiting concrete policy proposals. Putin acknowledged the uncertainty surrounding Trump’s second term and emphasized the US’s role in strained relations.
Read MoreThe US cryptocurrency industry, after investing heavily in recent elections, anticipates a significant regulatory shift with the expected departure of SEC Chair Gary Gensler.
Read MoreThe Shiv Sena (UBT) released its election manifesto, pledging to reclaim land given to the Adani Group for the Dharavi redevelopment, construct an IFSC in Dharavi, and develop recreation facilities on the eastern seafront. The party also promised to implement the OPS for government employees, pursue free local train travel for women, and establish...
Read MoreThe Supreme Court has ordered the liquidation of Jet Airways after the Jalan Kalrock Consortium, the winning bidder, failed to deposit the first installment of the resolution plan. The court invoked its special powers to order the liquidation, citing the consortium’s violations and the lack of progress in reviving the airline.
Read MoreIndia’s Home Minister Amit Shah announced that the country is developing a national counter-terrorism policy and strategy. The plan, to be unveiled in 2025, aims to create a unified approach to combating terrorism across all agencies. Shah emphasized the need for state police forces to take a leading role, supported by central agencies, in...
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