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PayU Gets RBI's In-principle Nod To Operate As Payment Aggregator

Fintech firm PayU has received an in-principle approval from the Reserve Bank to operate as a payment aggregator, the company said on Wednesday. In January 2023, RBI had returned applications of Prosus Group firm PayU and asked it to resubmit them ...

Rs 5/Share Dividend: Small Cap Agri Co Declares Payment Date For Dividend

Small cap company operating in the Agriculture sector Kaveri Seed Company Ltd on Monday informed shareholders the payment date for dividend. Earlier, the company approved an interim dividend of 250% i.e. Rs 5/- per equity share of Rs 2/- each for ...

India, Russia Set To Explore Prospects Of Accepting Rupay, Mir Cards Amid Sanctions

India and Russia will explore the possibility of accepting RuPay and Mir cards in each other's country for hassle-free payments amid sanctions imposed by the West on Moscow, according to a PTI report. In the recent high level Internal Governmental ...

India's World Class Digital Infra Worth Emulating By Many Nations: 'IMF' Paper

India has built a world-class digital public infrastructure which is transforming lives and economy and can be a lesson for many countries to follow, an IMF Working Paper said. India Stack is the collective name of a set of commonly used ...

'Sebi' Discontinues Payment Through Demand Draft Mode For Intermediaries

Capital markets regulator Sebi on Tuesday discontinued the option of payment through demand draft for intermediaries and asked them to pay fees and penalties only through digital mode. The new rule will come into force from April 1, the Securities and ...

Sebi Clarifies On Mode Of Payment, For Settlement Of Trades On RFQ Platform

Capital markets regulator Sebi on Monday said payment mechanisms provided by banks and payment aggregators can be used for settlement of trades in the debt securities executed on the request for quote (RFQ) platform of stock exchanges. This is in addition ...

Late Payment Surcharge Rules Help Cut Receivables, Of Power Producers: India Ratings

Late Payment Surcharge 2022 Rules is facilitating receivables reduction for independent power producers, according to India Ratings and Research (Ind-Ra). India Ratings and Research (Ind-Ra) said the implementation of the LPS Rules 2022 issued by the Ministry of Power on June ...

Google Adds UPI's Auto Payment Feature, On Play Store In India For App Subscriptions

Google has added UPI's auto payment system to the Play Store in India to enable users make recurring payment for apps subscription with one-time permission, the company said in a blog on Tuesday. "Today we're pleased to extend this convenience to ...

Inox Green Mobilises Rs 333 Cr, From Anchor Investors

Inox Green Energy Services, a subsidiary of Inox Wind, has collected Rs 333 crore from anchor investors. The funds were raised a day before its initial share-sale that opened for public subscription on Friday. The issue will conclude on November 15. ...

NSE Phone, Tapping Case: Chitra Ramkrishna Mastermind Behind Conspiracy, ED Tells HC While Opposing Bail

The ED on Tuesday opposed in the Delhi High Court the bail plea of former MD of National Stock Exchange Chitra Ramkrishna in a money laundering case related to alleged illegal phone tapping of NSE employees, saying she was the "mastermind" ...

Suitors Raises Concerns Over Bidding Process, As Reliance Cap Resolution Enters Final Stage

Suitors have raised concerns over the bidding process, including the introduction of 'challenge mechanism', as the resolution process of debt-ridden Reliance Capital Ltd (RCL) enters the final stage. According to sources, the decision of the Committee of Creditors (CoC) to introduce ...

Shift From 'Phone Banking' To 'Digital Banking' Put India On Sustained Growth Path: PM

Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. Referring to the previous UPA regime, he said under 'phone banking', instructions were given on ...

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