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TLDR: Elon Musk’s in news again over disclosure of Twitter stake, PhonePe clocks 100 million transactions, and Mastercard rolls out crypto-backed payment card

Twitter shareholders sue Elon Musk over delay in disclosure of stake Former Twitter shareholders dragged Elon Musk to court claiming they missed out on the recent bull run in its stock price because he waited too long to disclose a 9.2 per cent stake in the microblogging company, Reuters reported. PhonePe clocks 100 million transactions in a day for the first time PhonePe, one of the top payments companies in India, said that it processed more than 100 million transactions in a single day for the first time. The company informed the media that it processes more than 2.5 billion transactions a month with an annual total payment value of $780 billion. Mastercard and Nexo roll out crypto-backed payment card Mastercard has joined hands with crypto lender Nexo to come out with the world's first "crypto-backed" payment card, as per a Reuters report. It is the latest in a series of signs of digital assets becoming mainstream. China's anti-graft agency is investigating Jack Ma’s Ant Group China’s top anti-graft watchdog, CDDI, was one of the agencies involved in an inquiry into links between Jack Ma’s Ant Group Co. and state-owned Chinese companies, according to Bloomberg News. The watchdog sought to understand the influence of Ma’s fintech empire and the extent of its transactions with state banks and enterprises, the report added. Amazon adds fuel and inflation surcharge to seller fees Amazon has announced that it is looking to offset rising costs by adding a five per cent “fuel and inflation surcharge”…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

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