India’s Paytm to curtail low-value personal loans after cenbank clampdown

India’s Paytm to curtail low-value personal loans after cenbank clampdown

A smartphone with the Paytm logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights BENGALURU, Dec 6 (Reuters) – India’s Paytm (PAYT.NS) will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules …

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Chennai flooded as heavy rains from cyclone Michaung batter south India

Chennai flooded as heavy rains from cyclone Michaung batter south India

[1/2]Members of the National Disaster Response Force (NDRF) evacuate people from a water-logged residential area following heavy rains due to Cyclone Michaung, in Chennai, India, December 6, 2023. REUTERS/Stringer Acquire Licensing Rights CHENNAI/HYDERABAD, Dec 6 (Reuters) – Rescuers used boats to reach people stranded in their homes amid widespread flooding in the India’s Chennai on …

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Cyclone Michaung hits India’s south after 13 killed in floods, rain

Cyclone Michaung hits India’s south after 13 killed in floods, rain

BHUBANESWAR, India, Dec 5 (Reuters) – Cyclone Michaung barrelled into the southern Indian coast on Tuesday with intense winds, its arrival preceded by torrential rains and flooding that killed at least 13 people, as officials assessed the damage. Tall waves crashed into southern coastal towns over the last two days as the cyclone approached, submerging …

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Chennai airport runway flooded as Cyclone Michaung nears India

Cyclone Michaung hits India’s south after 13 killed in floods, rain

CHENNAI, Dec 4 (Reuters) – At least four people died, factories closed and the runway of one of India’s busiest airports lay submerged due to torrential rain, as two southern states were braced on Monday for the impact of a severe cyclone. Cyclone Michaung was expected to make landfall on the coast of the southern …

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Tesla on two wheels? India’s Ola Electric feels the strains of success

Tesla on two wheels? India’s Ola Electric feels the strains of success

India’s No. 1 e-scooter maker faces challenges ahead of IPO Some service centres have big backlogs, long repair times Ola’s CEO says it’s aggressively expanding service network THANE/HYDERABAD/NEW DELHI/MUMBAI, Nov 28 (Reuters) – Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a …

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Australian regulator calls for new competition laws for digital platforms

Australian regulator calls for new competition laws for digital platforms

[1/3]A 3D printed logo of Facebook parent Meta Platforms is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Nov 27 (Reuters) – Australia’s competition watchdog said on Monday new competition laws were required in response to the rapid expansion of digital platforms …

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Broadcom closes $69 billion VMware deal after China approval

Broadcom closes  billion VMware deal after China approval

Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing Rights Nov 22 (Reuters) – Broadcom (AVGO.O) on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga. …

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Sony facing $7.9 bln mass lawsuit over PlayStation Store prices

Sony facing .9 bln mass lawsuit over PlayStation Store prices

The Sony logo is displayed outside the company’s headquarters in Tokyo, Japan February 16, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights LONDON, Nov 21 (Reuters) – Sony (6758.T) must face a mass lawsuit worth up to 6.3 billion pounds ($7.9 billion) over claims the PlayStation maker abused its dominant position leading to unfair prices for …

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