The cashless society is a con – and big finance is behind it

All over the western world banks are shutting down cash machinesand branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants everyone to access and navigate the broader internet via its privately controlled search portal, so financial institutions want everyone...
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Glovo gets $134M to beef up its on-demand delivery business

Spanish startup Glovo, whose platform lets app users summon a gig economy worker to shop on their behalf, be it for a takeaway burger or a multi-bag supermarket shop, has bagged a €115 million (~$134M) Series C round of funding. Spanish press are reporting the round values Glovo’s business at more...
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IFC sells shares of AU Small Finance Bank worth Rs 201 crore

World Bank arm International Finance Corporation (IFC) today sold 32 lakh shares of AU Small Finance Bank for Rs 201.6 crores through an open market transaction. However, the buyer of the shares could not be ascertained immediately. According to bulk deal data available with the BSE, International Finance...
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MSMEs seeks alternative sources of finance

BENGALURU, JULY 11 A delegation of Karnataka Small Scale Industries Association, led by its president Basvaraj Javali met Veerappa Moily, Chairman of the Parliamentary Standing Committee on Finance, and expressed concern over the current status of finance availablity to MSMEs. Micro, Small & Medium Enterprises (MSMEs) want the...
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