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  • RBI digital payments: Track fishy transactions, RBI tells payment firms

    The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...

  • FAA Reauthorization Bill Includes Family Seating Rules, Extends Voucher Life

      Reuters reports the new regulations are part of the five year, $105 billion FAA reauthorization bill, which could be approved by the U.S. Senate before the week ending May 3, 2024.   New Regulations Designed to Help U.S. Aviation Maintain “Gold Standard” The bill comes after both chambers of the U.S. Congress passed a […]

  • Wipro Q4 results; RBI nod for Cred’s payment aggregator biz

    IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5.Also in this letter:■ Startups hold back CXO hikes■ Indian smartphone market continues recovery■ Aurionpro to acquire Arya.aiWipro Q4 profit falls 8% on year to Rs 2,835 crore 109437982Wipro MD and CEO Srini PalliaIT major Wipro on Friday reported an 8% fall in consolidated profit for the fourth quarter of FY24 at Rs 2,835 crore, as against Rs 3,074 crore a...