Thursday, June 26, 2025

PayU expects 5% profitability margin in near term as new revenue lines kick in

The digital payments major had reported a 2% operating loss in the financial year 2025. According to CEO Anirban Mukherjee, once the company starts generating revenue from UPI, its earnings will get a boost. Currently, the government does not allow revenue generation on UPI payments, as its priority is the adoption of digital payments by small merchants.

from Tech-Economic Times https://ift.tt/DQ5RfGu

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...