It reduces the need to actually hold cash, giving a fillip to digitisation in the system. The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for
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Vehicle scrapping policy won’t benefit car-makers in big way
‘I see a virtually zero impact on the sales of new vehicles with this move,’ said an expert. The scrapping incentive policy, announced by the ministry of road transport and
Continue reading »Life insurers shell out crores as Covid-19 death claims
As of March 25, life insurers have paid Rs 1,986 crore towards 25,500 Covid death claims. Life insurers, 24 in total, have spent crores on Covid-19 death claims, which are
Continue reading »‘You never exit a portfolio’
‘We will be looking to prune our portfolio to make GIC Re a healthier entity.’ With reports of privatisation doing the rounds, shares of GIC Re have gained more than
Continue reading »India’s infra sector gets a major funding boost
Initially the new institution would be government-owned, with its stake being cut gradually to 26%, says Finance Minister Nirmala Sitharaman. The Cabinet has cleared a Bill to set up a
Continue reading »Plan to buy Rakesh Jhunjhunwala-backed Nazara Tech’s shares?
Nazara’s Rs 583 crore-IPO will run through March 17-19 and will be entirely an offer for sale. Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with
Continue reading »Financial stocks cornered over half of $3.56 billion FPI flows in Feb
The sharp flows propelled several stocks in the banking and energy space. Banking and financial stocks got more than their fair share of foreign portfolio investor (FPI) flows in February.
Continue reading »Brazil judge annuls Lula's convictions, opens door to 2022 run
A Brazilian Supreme Court judge on Monday annulled the criminal convictions against former leftist president Luiz Inacio Lula da Silva. The move could allow the popular politician to run in
Continue reading »Zostel claims win in 3-year legal battle against OYO, latter refutes
Zostel could get upwards of $600 million if arbitration goes through. Zostel, the backpacker hostels chain which was embroiled in a legal battle with Oyo for the last three years
Continue reading »How IL&FS crisis has impacted non-banking finance companies
For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple grounds. Two and a half years after
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