China’s Lenovo has suffered a major setback due to the decline in demand for personal computers (PC). The company’s revenue declined by 24 percent in the June quarter. The world’s largest PC maker is facing decline in sales for four consecutive quarters. The company’s profit was 14 percent less in the last financial year. Lenovo’s…
The banks of the country have given some employee benefits in December through digital rupees. This has made it easier for the Reserve Bank of India (RBI) to meet its target of 10 lakh transactions per day by the end of last year. Central Bank Digital Currency (CBDC) or e-Rupee has been created through distributed…
The scope of online payments has increased rapidly in the last few years. Unified Payments Interface (UPI) transactions have created a record in May. Last month, there were 14.04 billion UPI transactions whose value was approximately $20.45 trillion. This is an increase of six percent in terms of volume and four percent in value as…
Payment services company Paytm, which has been facing difficulties for the last few months, has seen its share in Unified Payments Interface (UPI) transactions decline for the fourth consecutive month. Paytm’s share in total UPI transactions declined to 8.1 percent in May. In January, the Reserve Bank of India (RBI) had ordered the closure of…
Workers have been laid off from One97 Communications, Paytm’s payment services company. Earlier this year, the Reserve Bank of India (RBI) had ordered the closure of Paytm’s banking unit. Since then the company is facing difficulties. There has also been a huge fall in the share price of Paytm. One97 Communications has said in a…
China’s Lenovo has suffered a major setback due to the fall in demand for personal computers (PC). The company’s revenue fell by 24 percent in the June quarter. The world’s largest PC maker has been facing a decline in sales for four consecutive quarters. In the last financial year, the company’s profit was down by…