The American payments giant seems to be abandoning its local payment processing business to focus on cross-border payments.
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In paving the way for Tesla to sell its cars in the country with reduced duties, India comes across as partisan and a country that can be bullied into acting against its own interests.
It reported losses in Q2 and Q3, its financial services business is reeling and its payments business is growing but earning less. The Gurugram-based fintech needs a turnaround.
Last week, Larsen & Toubro chairman S. N. Subrahmanyan blamed welfare schemes for unavailability of labour. There are other factors in play too.