<p>India's Adani Group has been considering an application for a licence to operate on the country's public digital payments network and is in talks with banks to finalise plans for a co-branded credit card, the <em>Financial Times</em> reported on Tuesday.</p><p>The plans to dial up consumer businesses came as billionaire Gautam Adani's ports-to-power conglomerate mulled spending Rs 6,98,660 crore in infrastructure over the next decade.</p><p>If approved, the group will enter India's burgeoning digital payments market and compete with incumbents Google Pay and Walmart-backed PhonePe.</p><p>India's payments market is expected to reach Rs 67,74,404 crore in 2029, from Rs 29,73,757 crore in 2024, a report by Mordor Intelligence showed. </p>.21 international bodies write to CJI Chandrachud for speedy resolution of Adani coal imports case in SC.<p>With a 48.9 per cent market share, PhonePe is the largest UPI app in India, April data showed, followed by Google Pay with a 37.7 per cent share.</p><p>The Adani Group did not immediately respond to a <em>Reuters</em> request for comment on the report.</p><p>The group is also in talks to offer online shopping through India's government-backed public e-commerce platform, Open Network for Digital Commerce (ONDC), the report said.</p><p>If finalised, the services will be available through Adani's consumer app Adani One, which was launched in December 2022, the report added.</p><p>The conglomerate has been making efforts to recover from a January 2023 report by U S short-seller Hindenburg that triggered a sell-off in the group's listed shares.</p>.Adani Enterprises to raise up to Rs 16,600 crore.<p>The report accused the group of stock manipulation and improper use of tax havens - allegations that the group has refuted.</p><p>A court-appointed panel said in May 2023 that India's markets watchdog "drew a blank" on the case, while the Supreme Court said in January this year that no further scrutiny was needed.</p><p>So far, four of the seven group companies have surpassed pre-Hinderburg report levels, including Adani Enterprises' intraday recovery on Friday.</p><p>The flagship firm's shares are currently about 4 per cent lower than pre-report levels.</p>
<p>India's Adani Group has been considering an application for a licence to operate on the country's public digital payments network and is in talks with banks to finalise plans for a co-branded credit card, the <em>Financial Times</em> reported on Tuesday.</p><p>The plans to dial up consumer businesses came as billionaire Gautam Adani's ports-to-power conglomerate mulled spending Rs 6,98,660 crore in infrastructure over the next decade.</p><p>If approved, the group will enter India's burgeoning digital payments market and compete with incumbents Google Pay and Walmart-backed PhonePe.</p><p>India's payments market is expected to reach Rs 67,74,404 crore in 2029, from Rs 29,73,757 crore in 2024, a report by Mordor Intelligence showed. </p>.21 international bodies write to CJI Chandrachud for speedy resolution of Adani coal imports case in SC.<p>With a 48.9 per cent market share, PhonePe is the largest UPI app in India, April data showed, followed by Google Pay with a 37.7 per cent share.</p><p>The Adani Group did not immediately respond to a <em>Reuters</em> request for comment on the report.</p><p>The group is also in talks to offer online shopping through India's government-backed public e-commerce platform, Open Network for Digital Commerce (ONDC), the report said.</p><p>If finalised, the services will be available through Adani's consumer app Adani One, which was launched in December 2022, the report added.</p><p>The conglomerate has been making efforts to recover from a January 2023 report by U S short-seller Hindenburg that triggered a sell-off in the group's listed shares.</p>.Adani Enterprises to raise up to Rs 16,600 crore.<p>The report accused the group of stock manipulation and improper use of tax havens - allegations that the group has refuted.</p><p>A court-appointed panel said in May 2023 that India's markets watchdog "drew a blank" on the case, while the Supreme Court said in January this year that no further scrutiny was needed.</p><p>So far, four of the seven group companies have surpassed pre-Hinderburg report levels, including Adani Enterprises' intraday recovery on Friday.</p><p>The flagship firm's shares are currently about 4 per cent lower than pre-report levels.</p>