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Daybreak Friday: UPI blinks, Google faces a $4.7B fine, LIC to shoulder India's oil bill, and more
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Daybreak Friday: UPI blinks, Google faces a $4.7B fine, LIC to shoulder India's oil bill, and more
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When a bill arrives, what do you pay it with? That's the question running underneath this week's Daybreak roundup. The government of India is answering it with slices of LIC and other PSUs, because the American war in Iran has kept oil expensive and the budget is straining.
OYO's parent is answering it with money from public investors, most of which will go straight to its lenders.
Google spent eight years arguing it shouldn't have to answer at all, until Europe's top court settled the matter this week.
And then there's UPI, which has never sent anyone a bill in its life. Its June numbers just hinted at why that might not last forever.
Tune in.
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