Prime Minister Narendra Modi has declared the Unified Payments System (UPI) which has achieved great success in India and will now be launched in France. This groundbreaking step aims to provide Indian tourists with the opportunity to make payments in rupees without the hassle of forex cards or cash. UPIs ongoing progress is evident through its recent agreements with Singapore and France. And there are further plans to extend its services to the United States, Europe, and West Asia.

In Q2 2023, institutional investments in the office sector reached $1.8 billion, the highest level over the previous 10 quarters, indicating continued investor confidence in the sector’s prospects for development and return.

Following a secondary share offering, digital lending platform Yubi, which is about to separate from parent company Vivriti Capital, was valued at $1.5 billion, according to two insiders who spoke to ETtech.

Hitachi Astemo Ltd. reported that Isuzu Engines Restricted embraced its detecting framework in its new Mythical being model. Utilising a wide-point sound system camera, the detecting framework empowers crash harm relief slowing down at convergences and on single-track streets.

HCL Tech surprises the industry by acquiring ASAP Group, a renowned German automotive engineering services provider for a staggering €251 million. This unexpected collaboration seeks to expand ASAPs cutting-edge automotive technologies on a global scale reinforcing HCLTechs dedication to Germany. With great enthusiasm, both companies eagerly look forward to offering top-notch solutions to the worldwide automotive sector.

WhatsApp has introduced a new feature called ‘phone number privacy’ for Android and iOS users, which allows customers to hide their phone numbers in community groups. The feature is now available to beta users and will be made available to a larger audience soon.

According to insiders, Carlyle Group Inc. and Trustar Capital are attempting to generate $4 billion by selling a portion of McDonald’s Corp.’s operations in Hong Kong and mainland China.

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant

With regards to the latest ruling by the GST Council mandating a taxation rate of 28% on online gaming services, Nazara Technologies—a distinguished entity renowned for its expertise in both gaming and esports—confidently states that it foresees minimal impact.

The government has been notified that Taiwanese technology firm Foxconn plans to establish at least four to five semiconductor manufacturing facilities in India, according to individuals with knowledge of the issue.

Through expanded cooperation with Microsoft, KPMG aims to invest $2 billion in artificial intelligence and cloud services across its business lines internationally over the next five years, the latest effort by a Big Four accounting firm to double down on the technologies.

Utkarsh Small Finance Bank has successfully raised Rs 223 crore from anchor investors prior to its initial share sale.