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Urban Company’s InstaHelp losses widen as it steps up battle with Pronto, Snabbit

BENGALURU: Urban Company’s push into instant domestic services dragged the company deeper into losses in the March quarter, as the home services platform ramped up spending to compete with fast-growing rivals such as Pronto and Snabbit in the emerging category.The Gurugram-based company reported a consolidated loss of Rs 161 crore for the March quarter, compared…

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Why Europe shouldn’t just copy the U.S. stablecoin model

European Central Bank (ECB) President Christine Lagarde argued against the need for privately-issued euro-pegged stablecoins, even in the face of a market which is 98% dominated by dollar-pegged tokens. Despite the rapid global adoption of USD stablecoins, Largarde argued Europe should focus on building tokenized settlement infrastructure anchored in central bank money rather than simply…

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India Forex Reserves: India’s forex reserves fall by $7.79 billion to $690.69 billion: RBI

India’s forex reserves rise to $658.09 billion India’s foreign exchange reserves declined by $7.794 billion to $690.693 billion during the week ended May 1, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had fallen by $4.82 billion in the previous reporting week ended April 24, taking the overall forex…

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