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Flipkart and PhonePe relationship is today looking like a Venn diagram where the investors and consumers meet, but the organisations are charting a distinct path for themselves as independent companies. This has probably made them compete with each other in financial services such as lending and insurance. And that is not incidental.
NPCI was established under the aegis of RBI as a non-profit to run a few payment systems such as Immediate Payment Service (IMPS), Unified Payments Interface (UPI), and Bharat Bill Payment System (BBPS). In FY22, NPCI posted a Rs 773 crore profit.
'I never aimed for money,' author and chairperson of Infosys Foundation Sudha Murty said.
Narayana Murthy recalled engaging in conversations with capitalists, socialists, and communists in France, after which his convictions underwent a transformation.
Sankar was speaking at the Moneycontrol Startup Conclave.