Paytm app back on Google store after removal over policy violations

NEW DELHI (Reuters) – Indian digital payments firm Paytm on Friday said its mobile app was back on Google’s android store after the U.S. tech giant kept it offline for several hours, citing the SoftBank-backed company’s violations of its gambling policy. FILE PHOTO: A vendor weighs vegetable next to an advertisement of Paytm, a digital payments More...

by Ila Choudhary | Published 6 days ago
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By Ila Choudhary On Friday, September 18th, 2020
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Indian gold dealers bank on festivals to bring back customers

(Reuters) – Gold jewelers in India pinned hopes on an upcoming festival season, with dealers offering discounts for a fifth straight week to lure customers back to shops, as activity remained muted in Asian More...

By Ila Choudhary On Friday, September 18th, 2020
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Google removes Paytm mobile app from store over violations of its gambling policy

NEW DELHI (Reuters) – Alphabet Inc’s Google on Friday removed the mobile app of SoftBank and Alibaba-backed Indian fintech firm Paytm from its Android store over violations of its gambling policy. A worker More...

By Ila Choudhary On Wednesday, September 16th, 2020
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Indian airlines seek $1.5 billion interest-free credit line from government

NEW DELHI (Reuters) – Indian airlines have sought interest-free credit of at least $1.5 billion from the government to enable them to cope with the loss of revenue from the coronavirus pandemic, the country’s More...

By Ila Choudhary On Wednesday, September 16th, 2020
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RBI chief says India’s recovery not entrenched, will only be gradual

MUMBAI (Reuters) – Some high frequency indicators are pointing towards stabilisation in economic activity in India but the recovery is still not entrenched and will only be gradual, Reserve Bank of India Governor More...

By Ila Choudhary On Wednesday, September 16th, 2020
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Revenues of Indian airlines fell by 85.7% in April-June period due to COVID-19: Puri

New Delhi, Sep 16 (PTI) The revenue of Indian airlines fell by 85.7 per cent to Rs 3,651 crore during the first quarter of 2020-21 in comparison to the corresponding period a year ago due to COVID-19, said Civil More...

By Ila Choudhary On Wednesday, September 16th, 2020
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Will take necessary measures to promote growth: RBI Governor

New Delhi, Sep 16 (PTI) RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth. RBI Governor More...

By Ila Choudhary On Monday, September 14th, 2020
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India’s retail inflation eases in August as food prices rise more slowly

NEW DELHI (Reuters) – India’s annual retail inflation eased slightly in August as food inflation cooled, but remained above the upper end of the Reserve Bank of India’s (RBI) medium-term target for the More...

By Ila Choudhary On Monday, September 14th, 2020
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FM seeks Rs 2.35 lakh cr in additional budgetary spending for current fiscal year

New Delhi, Sep 14 (PTI) Finance Minister Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2,35,852.87 crore, including Rs 40,000 crore towards enhanced expenditure under Mahatma More...

By Manisha Sen On Saturday, September 12th, 2020
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Govt’s ‘well planned fight’ against COVID has put India in ‘abyss of GDP reduction’: Rahul Gandhi

New Delhi, Sep 12 (PTI) Taking a dig at the government, Congress leader Rahul Gandhi on Saturday said its ‘well planned fight’ against coronavirus has allegedly put India in an ‘abyss’ of More...