RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text
Feb 17, 2024, at 05:05 am
The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:
Paytm transfers nodal account to Paytm Payments Bank to Axis Bank
Feb 17, 2024, at 03:32 am
Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.
No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs
Feb 17, 2024, at 03:26 am
Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.
LIC receives tax refund of Rs 21,740 cr from IT Dept
Feb 17, 2024, at 02:43 am
Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.
Nike plans to slash 1600 employees
Feb 16, 2024, at 11:11 pm
US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.
Indian equity markets rise for three consecutive days
Feb 16, 2024, at 06:01 pm
Mumbai: Indian equity markets rose for the third consecutive day following positive global cues on February 15.
Feb 16, 2024, at 03:46 pm
The BSE Sensex remained firm for the fourth consecutive session on Friday as it gained 319.34 pts at 72,369.72 in opening session as almost all sbuying was seen across the board.
Turms Intelligent Apparel secures funding on Shark Tank India
Feb 16, 2024, at 04:25 am
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Feb 16, 2024, at 03:28 am
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Edelweiss Asset Management launches technology fund
Feb 16, 2024, at 02:53 am
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Cisco to remove 5 percent workforce
Feb 15, 2024, at 06:03 pm
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
ICICI Bank branch manager ran scam for years to meet performance targets: Report
Feb 15, 2024, at 06:40 am
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Feb 15, 2024, at 06:34 am
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report
Feb 15, 2024, at 04:53 am
Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.
Feb 15, 2024, at 03:55 am
Mumbai: The number of complaints lodged by investors and distributors for the half-year ending September 30, 2023, stood at a mere 485 complaints, the Association of Mutual Funds in India (AMFI) said in a report.
Feb 15, 2024, at 03:40 am
Kolkata: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a power delivery agreement with Tata Communications for an 18.75 MW AC group captive solar power plant.
RBI calls on banks to remain vigilant against accumulation of risks
Feb 15, 2024, at 03:35 am
Mumbai: RBI Governor Shaktikanta Das cautioned banks about the accumulation of risks within the banking system during a meeting with CEOs. He underscored the importance of remaining vigilant and avoiding complacency, stressing that banks must stay alert to potential risks, media reports said.
Wholesale inflation of India eases to 0.27 pc in January
Feb 15, 2024, at 12:39 am
India's wholesale price index (WPI) based inflation eased to 0.27% in January 2024 from 0.73% in the previous month, as per data released by the Ministry of Commerce and Industry showed on Wednesday.
Passenger vehicles sales jump 14 pc in January on strong demand
Feb 14, 2024, at 11:26 pm
Passenger vehicles sales comprising cars, SUVs and vans started on a strong note in the new year with total domestic sales rising 13.57% year-on-year to 3,93,074 units in January 2024, as per data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
Sensex gains 267.64 points as market closes
Feb 14, 2024, at 11:18 pm
The BSE Sensex on Wednesday gained further by 267.64 pts at 71,822.83 as buying was witnessed in Oil and Gas, Energy, Metal and Utilities stocks.
Škoda Auto India launches Slavia Style Edition in exclusive numbers
Feb 14, 2024, at 10:35 pm
In what is its first product action after achieving one lakh sales in two years, Škoda Auto India has introduced the Slavia Style Edition of its best-selling, five-star safe, crash-tested sedan.
Sensex plunges over 600 points during early trade
Feb 14, 2024, at 04:08 pm
The BSE Sensex tanked 608.37 points at 70,946.88 in the opening session as selling was seen across the board.
The Body Shop collapses into administration in UK, puts over 2000 jobs at risk
Feb 14, 2024, at 04:03 pm
Cosmetic chain The Body Shop has collapsed into administration in the UK, leaving more than 2,200 jobs at risk.
Tata.ev slashes EV prices up to Rs. 1.2 Lakh
Feb 14, 2024, at 02:55 pm
Tata Motors' subsidiary Tata Passenger Electric Mobility (TPEM) on Tuesday announced reducing the price of Nexon.ev and Tiago.ev, intending to make EVs more accessible to Indian customers.
DSP Mutual Fund appoints Chirag Joshi as Head of Distributor Success & B2B growth
Feb 14, 2024, at 02:21 am
Mumbai: DSP Mutual Fund announced the appointment of Chirag Joshi as Head of Distributor Success and B2B Growth.
Bandhan Bank and Tata Motors sign MoU to offer attractive commercial vehicle financing solutions
Feb 14, 2024, at 02:06 am
Kolkata: Private sector lender Bandhan Bank has signed a Memorandum of Understanding (MoU) with Tata Motors to offer convenient financing solutions to its commercial vehicle customers.
Feb 14, 2024, at 01:33 am
Mumbai: The top five states and Union Territories, including Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal witnessed an average growth of around 27-30 percent in AAUM (Average Assets under Management) in January 2024 on a year-on-year basis.
Feb 12, 2024, at 10:38 pm
The BSE Sensex on Monday tumbled down 523 points to close at 71'072.49 as selling was seen in utilities, telecommunications, real estate, and power stocks.
Hiroshi Yoshizane appointed as Bridgestone India MD
Feb 12, 2024, at 10:35 pm
Bridgestone India, part of the Bridgestone Corporation, a global leader in tyres and sustainable mobility solutions, on Monday announced Hiroshi Yoshizane will take over as its new managing director.
Sensex down by over 200 points
Feb 12, 2024, at 05:52 pm
Mumbai/UNI: The BSE Sensex on Monday slipped 271.27 points to 71'324.22 in the opening session as selling was seen in oil and gas, utilities, power, and energy.