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Pilot for digital rupee for wholesale segment to commence on November 1
Use case to be settlement of secondary market transactions in g-secs; RBI says digital rupee is expected to make inter-bank market more efficient, as settlement will reduce transaction costs
Lots Wholesale Solutions plans to invest Rs 10 bn in India over next 5 yrs
Lots Wholesale Solutions is hoping to learn from the experiences of early entrants in the wholesale market in India
Lots Wholesale plans mega expansion in India to take on Walmart, Amazon
The firm believes that the first phase of growth would make its operations profitable after all its stores (it plans) are opened within 7 years
