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The RBI directive means that a card issuing bank or non-bank can not force the card of any particular network on a customer. | Photo Credit: Reuters The Reserve Bank of India (RBI) has issued directions to card issuers not to enter into any arrangement or agreement with card networks that restrain them from availing…
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The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, March 6, 2024, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due…
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Dubai’s Al Khaleej Sugar aims to lift output at its sugar refinery this year, its MD said. File | Photo Credit: The Hindu Dubai’s Al Khaleej Sugar aims to lift output at its sugar refinery this year, with competition from India curtailed by bad weather in the South Asian country, its MD said on Tuesday….
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After the first delivery, Kone India Managing Director Amit Gossain says that they are confident and would be able to offer a world-class product range. Photo: Special Arrangement Kone Elevators India delivered the first escalator from its Sriperumbudur facility to a leading Pune-based real estate firm F5 realtors. Having delivered the first escalator, Kone India intends to…
Read More “Kone India delivers first escalator to F5 realtors in Pune” »
The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture. | Photo Credit: FILE PHOTO “Extensive illegal activity” perpetrated by multiple businesses managed by “a syndicate of individuals connected to a foreign state” who cheated lakhs of Indians by offering “fraudulent services including prohibited gambling activities…
A security guard stands next to the logo of Reserve Bank of India in Mumbai. | Photo Credit: Reuters The Reserve Bank of India has directed regulated entity JM Financial Products Ltd. (JMFPL) to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of…
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“Combination therapy is the new buzz word as customers are getting much better results.” | Photo Credit: G. Ramakrishna The interventional aesthetic industry is continuing to register the positive trend seen in the market post-COVID-19 said Lior Dayan, CEO of Alma Lasers, among leading companies world-wide in the aesthetic and surgical markets. He added that the bounce…
A file photo of BYD’s logo | Photo Credit: Reuters Chinese electric vehicle maker BYD plans to cover 90% of the EV market in India by the end of the year as it strengthens its leadership position in EVs priced above ₹30 lakh category, a senior company official said on March 5. BYD India, which…
Read More “Chinese car maker BYD plans to cover 90% of EV market in India this year” »
A man walks past the bull statue at BSE building in Mumbai. File | Photo Credit: PTI Benchmark Sensex declined by 195 points on Tuesday, snapping its four-day gaining streak due to selling in IT shares and index heavyweight Reliance Industries amid weak trends from global markets and foreign fund outflows. Taking a breather after…
Read More “Stock markets snap 4-day winning run on weak global trends” »
“The Indian currency remained under pressure due to volatile crude oil prices and persistent foreign fund outflows,” according to forex traders. | Photo Credit: The Hindu The Rupee settled one paisa higher at 82.89 (provisional) against the U.S. dollar on March 5 amid a strong greenback against major rivals overseas and a negative trend in…
Read More “Rupee gains one paisa to settle at 82.89 against U.S. dollar” »
