CNN quits Facebook in Australia, citing defamation risk

CNN does not feature prominently in Australian media consumption, but the decision could have reverberations across the industry if other outlets followed suit.

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Samsung Electronics close to finalising $17 billion Texas chip plant

The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs, Samsung previously said in filings to state officials.

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FinTech regulation should be more entity-based than activity-based: RBI deputy governor

Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.

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India FinTech adoption very high at 87%: FM Sitharaman

The Global FinTech Fest, has been organised by Internet and Mobile Association of India (IAMAI), along with its sister organisations Fintech Convergence Council (FCC), Payments Council of India (PCI), and National Payments Corporation of India (NPCI).

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IPO-bound Oyo's legal troubles; UPI transactions boom again

A legal challenge from former Zostel, relating to a botched acquisition in 2015, threatens to disrupt Oyo’s IPO plans.

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UPI transaction value doubled to Rs 6.06 lakh crore in July

Outstripped 42% rise in card payments to Rs 1.36 lakh crore as UPI platforms grew 109%

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Exotel bags $35 million in funding led by Sistema, others

IIFL, Synergy Capital, and existing investor Blume Ventures also participated in the round, alongside former Vodafone CEO Arun Sarin, who has come on board as a mentor.

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