Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4

Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines

The RBI  has allowed another window to payment aggregators (PAs) existing as of March 2020 to apply to the central bank for a licence. Meanwhile, US retailer Macy’s has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on these in our top headlines.

RBI gives payment aggregators another window till Sep to apply for licence

The Reserve Bank of India (RBI) has allowed another window to payment aggregators (PAs) existing as of March 2020 to apply to