Industries

RBI Allows Card Transactions Through Wrist Watches, Bands

RBI Allows Card Transactions Through Wrist Watches, Bands

Edited by Animesh Singh | Thursday August 26, 2021

A tokenised card transaction is considered safer as the actual card details are not revealed to the merchant during the process.

Barclays To Invest More Than $400 Million To Expand India Operations

Barclays To Invest More Than $400 Million To Expand India Operations

Reuters | Thursday August 26, 2021

Barclays said the investment would help grow its corporate and investment banking, and private clients businesses in the country.

Finance Minister Launches EASE 4.0, Reviews Performance Of PSBs: Highlights

Finance Minister Launches EASE 4.0, Reviews Performance Of PSBs: Highlights

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday August 25, 2021

EASE 4.0 Highlights: Finance Minister Nirmala Sitharaman conducted the annual performance review of public sector banks (PSBs) on Wednesday, August 25, and unveiled EASE 4.0 (Enhanced Access and Service Excellence) aimed at institutionalizing a clean and smart banking system

Government May Allow Foreign Direct Investment In IPO-Bound LIC: Report

Government May Allow Foreign Direct Investment In IPO-Bound LIC: Report

Press Trust of India | Tuesday August 24, 2021

The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO

Tata Power Arm Commissions 150 MW Solar Power Project In Rajasthan

Tata Power Arm Commissions 150 MW Solar Power Project In Rajasthan

Edited by Nikita Prasad | Tuesday August 24, 2021

Tata Power Renewable solar project: It is spread across 756 acres and the installation is expected to reduce 3.34 lakh tonnes of carbon emission on an annual basis.

Despite Lack of 4G Services, BSNL's Subscriber Share Has Gone Up

Despite Lack of 4G Services, BSNL's Subscriber Share Has Gone Up

Reported by Animesh Singh | Sunday August 22, 2021

Despite having no 4G services, Bharat Sanchar Nigam Limited's subscribers share hasn't been affected, rather between 2016-17 and 2020-21 it has risen.

Nirmala Sitharaman To Launch National Monetisation Pipeline On August 23, 2021

Nirmala Sitharaman To Launch National Monetisation Pipeline On August 23, 2021

Edited by Animesh Singh | Sunday August 22, 2021

National Monetisation Pipeline has been designed to attract more investors to the country and encourage alternative financing.

HDFC Bank Raises $1 Billion From AT-1 Bond Issue, Pricing At 3.7%

HDFC Bank Raises $1 Billion From AT-1 Bond Issue, Pricing At 3.7%

Edited by Nikita Prasad | Thursday August 19, 2021

HDFC Bank said that the dollar-denominated, Basel III-compliant AT1 notes were priced at 3.70 per cent - which is 42.5 bps lower than the initial price guidance.

Banks To Remain Closed Between August 20 And August 23. Check Out The List Here

Banks To Remain Closed Between August 20 And August 23. Check Out The List Here

Edited by Animesh Singh | Thursday August 19, 2021

Between August 20 and August 23, there are four bank holidays, therefore people are advised to complete their important tasks as soon as possible.

HDFC Bank Sets Target To Issue 5 Lakh Cards Per Month: Report

HDFC Bank Sets Target To Issue 5 Lakh Cards Per Month: Report

Reuters | Wednesday August 18, 2021

"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.

Banks To Remain Closed Between August 19 And August 23. Check Out The List Here

Banks To Remain Closed Between August 19 And August 23. Check Out The List Here

Edited by Animesh Singh | Wednesday August 18, 2021

Between August 19 and August 23, there are five bank holidays, therefore people are advised to complete their important tasks as soon as possible.

RBI Allows HDFC Bank To Issue New Credit Cards: Report

RBI Allows HDFC Bank To Issue New Credit Cards: Report

Reuters | Tuesday August 17, 2021

RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.

India's Fintech Sector Rakes In Over $2 Billion In First Half of 2021: KPMG Report

India's Fintech Sector Rakes In Over $2 Billion In First Half of 2021: KPMG Report

Written by Aprameya Rao | Tuesday August 17, 2021

The total investment into India's fintech sector, moreover, has already crossed 90 per cent of the 2020 figure. Last year, the sector had attracted nearly $2.253 billion in investment.

Inflation To Remain Within Projected Range In 2021-22: RBI

Inflation To Remain Within Projected Range In 2021-22: RBI

Reuters | Tuesday August 17, 2021

RBI raised its 2021/22 inflation forecast to 5.7 per cent from 5.1 per cent and reiterated that it will continue to keep monetary policy accommodative as long as necessary to revive and sustain growth on a durable basis.

Government Fixes Timeline To De-Notify Container Depots

Government Fixes Timeline To De-Notify Container Depots

Edited by Animesh Singh | Tuesday August 17, 2021

In a big relief to custodians of inland container depots, the government has fixed a four months timeline for closure of all such facilities