UPI volumes up 1.2%, rise to 76 crore

MUMBAI: Average daily UPI volumes rose to 75.7 crore in June from 74.8 crore in May, up 1.2% month-on-month, while average daily value held steady at Rs 96,405 crore against Rs 96,465 crore, down 0.1%. According to National Payments Corporation of India, this stability in daily run rates came even as headline monthly numbers softened…

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Hero Moto to invest 3,200 crore in Andhra Pradesh

NEW DELHI: Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years as India’s largest two-wheeler maker ramps up manufacturing, strengthens its global supply chain and expands beyond vehicle production into higher-margin businesses such as accessories and merchandising.The investment includes Rs 750 crore for the company’s…

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China Regulations: China tightens curbs on foreign investments amid AI, chip tech rivalry with US

China can now conduct national security reviews of overseas investments or transfers that could affect the country’s interests China has introduced sweeping new regulations to tighten scrutiny of overseas investments, with the framework coming into effect on Wednesday amid growing technological competition with the United States.The new rules, announced by China’s State Council on June…

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Us Stocks Today: US stocks today: Wall Street under pressure as Nvidia, AMD and Micron lead AI stock sell-off

Wall Street falls as AI giants slide; investors track Iran tensions and Fed outlook US stocks traded under pressure on Wednesday as declines in major artificial intelligence-related companies weighed on the broader market, despite gains across most other sectors.Investors also remained cautious over US-Iran tensions, interest rate uncertainty and the outlook for inflation.The S&P 500…

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