Tag: Business

Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

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Nirmala Sitharaman asked banks, financial institutions to ensure customers update nominees Mumbai: Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. “I want the banking system, the financial ecosystem including the mutual funds, stock markets…

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India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO

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India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month. Mumbai: India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month, a top official from the National Payments Corporation of India said today. This would be a 10-time growth over the 10 billion transactions achieved…

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RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das

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RBI Governor said the central bank is committed to bringing down inflation to 4 per cent New Delhi: Reserve Bank Governor Shaktikanta Das today said the central bank is committed to bringing down inflation to 4 per cent and will remain watchful of risks as more frequent global supply shocks can have profound implications on…

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Bombay Stock Exchange-Listed Firms’ Market Valuation Hits All-Time High Of Rs 315 Lakh Crore

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In two days, investors’ wealth went up by Rs 5,41,951.7 crore. New Delhi: The market capitalisation of BSE-listed firms reached an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or…

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Shapoorji Pallonji Group Fined Rs 7 lakh For Violating Disclosure Rules

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Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company (File) New Delhi: Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure norms. In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the…

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Amazon To Invest $3 Million In Nature-Based Projects In India

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Amazon India has also committed to deploying 10,000 EVs in its delivery fleet by 2025. (File) New Delhi: E-commerce major Amazon on Monday said it will make an initial investment of $3 million in nature-based projects in India. The allocation is part of the company’s $15 million fund it has allocated for nature-based projects in…

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SBI’s eRupee Can Now Be Accessed Via UPI

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SBI was among the first few banks to participate in the RBI’s retail digital e-rupee project (File) New Delhi: The State Bank of India (SBI) on Monday said it has implemented UPI interoperability in its digital rupee, called Central Bank Digital Currency (CBDC). With this move, the bank aims to deliver unprecedented convenience and accessibility…

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Steepest-Ever 14% Jet Fuel Price Hike, Commercial Cooking Gas Price Cut

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Jet fuel price has been hiked by the steepest-ever 14 per cent – the third straight increase New Delhi: Jet fuel or ATF price on Friday was hiked by the steepest-ever 14 per cent – the third straight increase, while the commercial cooking gas rate was cut by Rs 157.5 per cylinder in line with…

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Retail Inflation Expected To Come Down From This Month: RBI Chief Shaktikanta Das

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According to government data, retail inflation rose to a 15-month high of 7.44 per cent in July. Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices of vegetables like tomatoes, restrictions on…

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