Remove tag india market
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India's no longer 'fragile', can weather global market volatility

CFO News

In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices.

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

with a market value of $1.95 The $9 billion price tag would make this one of the larger SPAC mergers of the year, behind the MultiPlan merger with Churchill Capital Plan for $11 billion and the pending United Wholesale Mortgage $16 billion deal with Gores Holding IV, Bloomberg reported. Foley's Foley Trasimene Acquisition Corp.

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Facebook Moves Toward Combining Messenger, Instagram Chat

PYMNTS

A “From Facebook” tag will be will be visible in all marketing for Instagram and WhatsApp brands. The move will bring Instagram and WhatsApp in line with Workplace, Portal and Oculus, all of which incorporate Facebook into their marketing. Facebook is close to launching its WhatsApp payments service in India.

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Apple iPhone X Not Making Inroads In Asia

PYMNTS

but its price tag of $999 and up might be hurting demand in some of the largest Asian markets. According to news from The Wall Street Journal , shoppers in Asia, including in India and Indonesia, are choosing Chinese smartphones from the likes of Xiaomi, OPPO and Vivo over the iPhone X.

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iPhones To Enter Mass Production In India

PYMNTS

Amid a change for Foxconn Technology Group, the iPhone will reportedly enter mass production in India, as the country has become the fastest-growing market for smartphones around the globe. Demand has been declining in China for Apple products partly due to the large price tag. and Huawei Technologies Co., Bloomberg reported.

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PayU Acquires Wibmo To Grow India Business

PYMNTS

To help grow its business in India, Naspers-owned PayU has acquired U.S.-based The company is paying $70 million for the firm, which is based in Cupertino but primarily operates in India, according to reports. He added that “PayU is very bullish on India as a market.”. based Wibmo.

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Visa Fortifies India, South Asia Teams With New Appointments

PYMNTS

Visa , a global payments technology company serving more than 200 countries and territories, has announced two new appointments to its India and South Asia teams. “At Visa, we take pride in our people, our biggest asset,” said TR Ramachandran, Visa’s group country manager, India and South Asia.