Curbs on Paytm Payments Bank proportionate to gravity of situation: RBI
Mumbai, Feb 8 - Senior RBI officials on Thursday said that barring Paytm Payments Banks from accepting deposits was part of “a supervisory action and the restrictions are proportionate to the gravity of the situation.”
Curbs on Paytm Payments Bank proportionate to gravity of situation: RBI
Mumbai, Feb 8 - Senior RBI officials on Thursday said that barring Paytm Payments Banks from accepting deposits was part of “a supervisory action and the restrictions are proportionate to the gravity of the situation.”
Indian company Dynamatic Technologies awarded contract by Airbus for A220 family plane doors
New Delhi, Feb 8 - Airbus has awarded a contract to Dynamatic Technologies, an Indian company, for the manufacturing of doors for the A220 family of planes.
Google pilots new programme to protect Android users from financial fraud
New Delhi, Feb 8 - Google has started a new programme, 'enhanced fraud protection' with Google Play Protect to help better shield Android users from financial fraud attacks.
RBI may not cut repo rate any soon or for six months: Economists
Chennai, Feb 8 - With the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) deciding to retain the repo rate at 6.5 per cent, economists are of the view that a rate cut may not happen any time soon or at least
Jindal Law School’s interdisciplinary research outshines faculty publications by top 4 NLUs
Sonipat, Feb 8 - Jindal Global Law School (JGLS) of the O. P. Jindal Global University (JGU) continues its knowledge production with a shifting focus on interdisciplinarity.
RBI plans new framework for authentication of digital transactions
Mumbai, Feb 8 - The RBI on Thursday said that it has decided to come out with a new framework for authentication of digital payment transactions and introduce additional norms to enhance the security of the Aadhaar Enabled Payment System (AePS).
Mexico overtakes China as the top exporter of goods to US
New York, Feb 8 - For the past two decades, the US imported more goods from China than all other nations. That's no longer the case now, the media reported.
GIC Re’s scrip flares up to touch 52-week high of Rs 467
Chennai, Feb 8 - The national reinsurer General Insurance Corporation of India’s (GIC Re) scrip flared up to reach a 52 week high of Rs 467 on Thursday and came down later.
RBI makes Key Fact Statement a must for retail and MSME loans
Mumbai, Feb 8 - The RBI on Thursday announced that it is mandatory for regulated entities such as NBFCs to provide ‘Key Fact Statement’ (KFS) in a simple format to borrowers for all retail and MSME loans.
RBI to review regulatory norms for Electronic Trading Platforms
Mumbai, Feb 8 - The RBI announced on Thursday that it has decided to review the regulatory framework for Electronic Trading Platforms (ETPs) and the revised regulatory framework will be issued separately for public feedback.
RBI allows hedging of gold price risk in IFSC
Mumbai, Feb 8 - The Reserve Bank of India (RBI) has decided to allow hedging of gold price risk in the Over the Counter (OTC) Market in the International Financial Services Centre (IFSC).
RBI projects GDP growth at 7% for 2024-25, sees inflation falling to 4.5%
Mumbai, Feb 8 - The RBI has projected India’s real GDP growth for 2024-25 at 7.0 per cent as it expects the growth momentum to continue into the next financial year while it sees inflation coming down to 4.5 per cent given a
Sensex tanks more than 600 points after RBI credit policy
New Delhi, Feb 8 - BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall.
Disney to invest $1.5 bn in Epic Games to create games, entertainment universe
San Francisco, Feb 8 - Entertainment giant Disney has said that it will invest $1.5 billion to acquire an equity stake in the 'Fortnite' maker Epic Games and work with the game developer to create a "games and entertainment universe".
Essar’s sustainability initiatives propel India’s energy transformation
New Delhi, Feb 8 - Essar, a prominent player in India's energy landscape, is charting a new course towards sustainability.
RBI leaves repo rate untouched at 6.5% for 6th time in a row
Chennai, Feb 8 - Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.
Government confirms no investigation or systemic stability concerns: Paytm
New Delhi, Feb 8 - In a reassuring development for the digital payments giant, Paytm, and its vast user base, recent clarifications from top government officials have put to rest any concerns regarding the company's operational integrity and systemic stability within the financial
AI-based writing assistant Grammarly to lay off 230 employees
San Francisco, Feb 8 - Popular AI-based writing assistant Grammarly is laying off 230 workers as part of restructuring and 82 of the affected workforce are in the US.
India’s merchandise exports in Q4 will be $118.2 bn: Export Import Bank of India
Chennai, Feb 7 - India’s merchandise exports for the fourth quarter of FY24 will be about $118.2 billion, logging a year-on-year (YoY) growth of 2.96 per cent, the Export-Import Bank of India (India Exim Bank) forecasts.