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Detailed stories on technology startups, business and economic current affairs.
The country’s largest private sector bank has received brickbats from consumers and the regulator for its clunky and outdated systems. It seems to have learnt a lesson.

Last month, when Apple chief executive Tim Cook visited India to launch the company’s first stores in the country, he also had another less-publicized item on his agenda: to meet HDFC Bank chief executive Sashidhar Jagdishan and discuss Apple’s fintech roadmap in India.
In the private meeting, the two chief executives, along with members of the private sector bank’s digital leadership team, are said to have discussed ideas around a potential launch of the much-anticipated Apple Pay service in the country, according to an industry executive in the know, who requested anonymity.
“I’m not at all surprised that the only …

Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.