India's e-rupee pilot to begin from tomorrow; RBI rejects PhonePe, Razorpay NBFC bids — report; Vikram Kirloskar dies at 64

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India will conduct the first pilot of the e-rupee for retail digital currency on December 1, Reserve Bank of India, the country's central bank said yesterday in a statement. Meanwhile, the central bank has rejected the NBFC licence applications of some well-known fintech startups, The Hindu Businessline reports. And Vikram Kirloskar, the well-known industrialist, widely seen as being responsible for bringing Toyota to India, died yesterday, reportedly of a heart attack. He was 64