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RBI Mandates BBPS for Credit Card Payments, Disrupts Third-Party App Use like CRED and PhonePe

RBI's New Guidelines Disrupt Credit Card Payments via Third-Party Apps like CRED and PhonePe

The Reserve Bank of India (RBI) has rolled out stringent guidelines effective July 1, impacting how credit card bills can be paid through third-party apps. According to the latest regulations, all credit card bill payments via such apps must now be routed through the Bharat Bill Payment System (BBPS), managed by the National Payments Corporation of India (NPCI).

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Steve Ballmer Surpasses Bill Gates in Wealth Ranking, Ranks 6th Globally

Steve Ballmer Surpasses Bill Gates as Sixth-Richest Person Amid Microsoft's Stock Surge

In a significant milestone, Steve Ballmer, former CEO of Microsoft Corp., has surpassed company co-founder Bill Gates to become the sixth-richest person in the world. This shift in wealth comes as Microsoft's stock reached record highs, bolstered by its strategic partnership with OpenAI, positioning it as a major beneficiary of the artificial intelligence boom in the US market.

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Indian-American Businessman Rishi Shah Sentenced to Prison for $1 Billion Fraud Scheme

Indian-American Businessman Rishi Shah Sentenced to Prison for $1 Billion Fraud Scheme

In a landmark verdict, Indian-American entrepreneur Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison by a US court. The sentencing comes in the wake of a massive $1 billion fraud scheme that has rattled high-profile investors including Goldman Sachs Group Inc., Alphabet Inc. (Google's parent company), and Illinois Governor JB Pritzker's venture capital firm.

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“Delhi Government Offers ₹10 Lakh Aid for Rainfall Victims’ Families”

Delhi Government Offers ₹10 Lakh Compensation to Rainfall Victims as Death Toll Rises to 11

In response to the devastating impact of recent heavy rainfall in Delhi, the state government has announced a compensation package of ₹10 lakhs for the families of those who lost their lives. The announcement, made by Minister Atishi on Sunday, aims to provide support to affected families following the tragic events caused by intense monsoon showers on June 28.

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“Zomato Faces ₹9.5 Crore GST Notice in Karnataka, Plans Appeal “

Zomato Faces ₹9.5 Crore GST Notice in Karnataka, Plans to Appeal

Online food delivery giant Zomato has found itself in the midst of a fiscal challenge, as it disclosed receiving a Goods and Services Tax (GST) demand notice totaling ₹9.5 crore from Karnataka's Assistant Commissioner of Commercial Taxes (Audit). This development comes following an audit of Zomato's GST returns and accounts for the fiscal year 2019-20.

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