Business
Indians Can Now Make Payments Through UPI Across Qatar
New Delhi: Indian travellers can now use Unified Payments Interface (UPI) in Qatar, with Qatar Duty Free outlets becoming the first merchant to go live, according to a release from NPCI International Payments Limited (NIPL). The development comes through a partnership between NIPL and Qatar National Bank (QNB), enabling UPI acceptance across Qatar via QR code-based transactions at point-of-sale terminals. The system is powered by NETSTARS’ payment solution and is expected to ease transactions for Indian visitors, who are the second largest group of international tourists to Qatar.
The introduction of UPI in Qatar allows Indians to make real-time payments at tourist attractions and retail outlets, reducing the need for cash or currency exchange. The move will also support Qatar’s retail and tourism sectors by boosting transaction volumes for merchants acquired by QNB.
Ritesh Shukla, MD & CEO of NIPL, said, “We aim to enhance the acceptance of UPI globally and create a truly interoperable global payment network. The partnership with QNB is a step towards this journey. It will help millions of Indian travellers make seamless, secure digital transactions and reduce their dependence on cash. As UPI makes its mark, we are focused on driving interoperability and making cross-border payment experiences hassle-free for users.”
From Qatar’s perspective, the introduction of UPI is being seen as a boost for its economy. Yousef Mahmoud Al-Neama, Group Chief Business Officer of QNB, said, “We are excited to introduce UPI in Qatar and proud to be at the forefront of innovating the payment landscape.
This milestone not only enhances the convenience for Indian travelers but also brings significant benefits to the Qatari market by promoting cashless transactions, boosting retail and tourist sectors, and strengthening interoperability in the payments ecosystem. Importantly, it will also enable local merchants to thrive by attracting more customers and providing them with seamless digital payment options.”
Qatar Duty Free, which operates outlets at Hamad International Airport, is the first merchant to offer UPI payments.
Thabet Musleh, Chief Retail & Hospitality Officer, Qatar Airways Group, said, “At Qatar Duty Free, we are committed to enhancing convenience and accessibility for travellers. As the first entity in Qatar to enable UPI as a payment option, we are proud to offer Indian travellers a seamless, secure, and cashless transaction experience at our outlets. This partnership with NPCI International and Qatar National Bank reflects our dedication to embracing innovative payment solutions that cater to the evolving needs of our diverse customer base. By integrating UPI, we aim to elevate the retail experience at Hamad International Airport, ensuring a smoother journey for millions of visitors.”
Technology partner NETSTARS also highlighted the significance of the launch.
Tsuyoshi Ri, Representative Director and CEO of NETSTARS Co., Ltd., said, “We are honoured to be part of this strategic partnership and milestone, enabling UPI for the first time in Qatar together with NPCI International, Qatar Airways Group and Qatar National Bank. This aligns with our mission to expand seamless and secure payment experiences globally. We are proud to contribute to this launch in Qatar, which will empower local merchants in Qatar to accept digital payments conveniently and efficiently from millions of international travellers.”
Business
US justice department drops probe into Fed chairman Jerome Powell
Powell’s term is nearing its end and the US Senate is considering Trump’s nominee for his replacement, Kevin Warsh. A key Republican, Thom Tillis, has withheld his support for Warsh unless the Trump administration would drop its investigation into Powell.
Business
Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits – The Times of India
Intel share price soared sharply on Friday after the chipmaker delivered a first-quarter performance that exceeded market expectations. And the win was not just for the chipmaker, but also the whole of US!The stock climbed 26.7% during trading on Friday, marking what could be its strongest single-day gain since 1987. Momentum continued after the closing bell, with shares rising a further 20% in after-hours trading as investors reacted to signs of a sustained turnaround driven by artificial intelligence.Intel reported revenue of $13.58 billion (€11.6bn) for the quarter, ahead of the $12.3 billion (€10.5 bn) forecast and up 7.2% from a year earlier. Adjusted earnings per share came in at $0.29, far exceeding expectations of $0.01.A key contributor to this performance was the company’s Data Centre and AI (DCAI) division, which delivered revenue of $5.05 billion (€4.2bn), up 22.4% year-on-year and well above analyst estimates of $4.41 billion (€3.77bn). The results indicate strong demand for Intel’s Xeon 6 processors and Gaudi 3 AI accelerators, particularly among enterprise clients and cloud service providers.Chief executive Lip-Bu Tan pointed to a broader shift in artificial intelligence usage as a major factor behind the growth. He said, “the next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic.” He added, “This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings.”The company also issued an upbeat outlook for the second quarter, forecasting revenue in the range of $13.8 billion (€11.8billion) to $14.8 billion (€12.6billion), surpassing investor expectations of $13 billion (€11.1billion).
But how is Washington winning?
The rally has had a direct impact on the US administration’s investment in Intel. In 2025, during a period of severe financial strain for the company, the administration of Donald Trump acquired a 9.9% stake in a move aimed at stabilising the business. The government invested $8.9 billion (€7.8bn) at a share price of $20.47 (€18.01), with $5.7 billion (€5bn) of that amount coming from previously approved but unpaid grants, according to the Euro News.At the time, Intel was facing multi-billion dollar losses and operational challenges, prompting concerns over its viability. As part of the intervention, the company cancelled planned factory projects in Germany and Poland, redirected focus towards US-based manufacturing, and reduced its global workforce by 25%, cutting around 25,000 jobs.Following the latest jump, Intel’s shares are now trading at $81.3 (€71.5), representing an increase of nearly 300% since the government first took its stake. The sharp rise highlights how the company’s improved financial performance has translated into substantial gains for the US administration.
Business
Jersey’s inflation rate is 2.7%, a decrease on the last quarter
Statistics Jersey says there have been “sharp increases” in some energy prices.
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