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Paytm Shares Surged By 5%, RBI’s Deadline Updated

19 Feb 2024 10:57 AM IST

Paytm shares surged by 5 percent, hitting the upper circuit for the second consecutive session on February 19. This comes as the crisis-hit company partnered with Axis Bank for the settlement of merchant payments. By 9:16 am, the stock was trading at Rs 358.35 on the NSE. One97 Communications has transitioned its nodal account to […]

BIMTECH Hosts 4th Business Literature Festival in 2024

18 Feb 2024 15:52 PM IST

Birla Institute of Management Technology (BIMTECH) hosted its grand event, the ‘BIMTECH Business Literature Festival’ at the India Habitat Centre in New Delhi, which received a remarkable response. Distinguished personalities like Shiv Shivakumar, Ravi Kant, R Gopalakrishnan, Harit Nagpal, Harish Bhat, Prabina Rajib, and SS Dubey graced the occasion, enriching it with their insights. The […]

Purchasing SGBs on Final Day of Subscription Explained

18 Feb 2024 11:47 AM IST

According to the Reserve Bank of India (RBI), the country’s central bank, investors will receive Sovereign Gold Bonds (SGBs) on February 21, with an interest rate of 2.50 percent paid semi-annually. The subscription for the fourth and final tranche of the Sovereign Gold Bond (SGB) Scheme for the fiscal year 2023-24 is set to close […]

What is IRCTC iPay Autopay? Here’s Everything You Need To Know

17 Feb 2024 17:29 PM IST

Booking railway tickets online in India often comes with its fair share of challenges, from seat availability woes to the risk of losing money on unsuccessful bookings. To address these concerns, IRCTC has introduced the iPay Autopay feature, offering a seamless and hassle-free booking experience for passengers. What is IRCTC iPay Autopay? IRCTC iPay Autopay […]

This Mumbai-based Startup Bags Rs 200 Crore Deal: Shark Tank India S3

17 Feb 2024 17:25 PM IST

The latest season of Shark Tank India has witnessed numerous aspiring entrepreneurs vying for the opportunity to secure investment from the country’s esteemed business magnates. Among the standout deals of the season, one Mumbai-based startup has emerged triumphant, clinching a staggering Rs 200 crore deal that has garnered widespread attention. Nasher Miles, founded by Abhishek […]

Easy Tax-Saving Tips for Seniors; Maximizing Savings in Retirement

17 Feb 2024 17:24 PM IST

Securing financial stability post-retirement is a paramount concern, especially when faced with the absence of a fixed income stream. While savings play a crucial role, exploring low-risk investment avenues can help senior citizens maximize returns while minimizing tax liabilities, ensuring a comfortable retirement phase. Here are some essential income tax-saving tips tailored for senior citizens: […]

5 Things Every Insurance Holder Must Know: IRDAI

17 Feb 2024 17:17 PM IST

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced significant modifications aimed at enhancing policyholder protection and streamlining business operations. These changes, designed to promote ease of doing business while reducing compliance burdens, encompass various aspects of insurance policies. Outlined below are the key modifications introduced to safeguard the interests of policyholders: Bank […]

Paytm founder dispels rumors: QR, Soundbox, EDC operational post-March 15.

17 Feb 2024 09:13 AM IST

In a recent development, CEO Vijay Shekhar Sharma of Paytm has assured users that essential services such as Paytm QR, Soundbox, and EDC (Electronic Data Capture) will remain operational beyond March 15, 2024. This affirmation, communicated through a tweet, references point 21 of the RBI FAQs released on February 16, 2024. Sharma’s tweet serves to […]

SpiceJet and Busy Bee Airways Submit Joint Bid for Troubled Carrier Go First

16 Feb 2024 16:18 PM IST

SpiceJet promoter Ajay Singh, along with Busy Bee Airways Pvt Ltd, has filed a bid to acquire the troubled carrier Go First, announced the airline on Friday. This bid, described as a “significant strategic move with the potential to reshape the landscape of the Indian aviation sector,” was submitted earlier today, SpiceJet stated. The bid, […]

What’s Behind RBI’s Decision to Restrain Card Networks in India? Read Details

16 Feb 2024 15:56 PM IST

The Reserve Bank of India (RBI) has taken decisive action against a certain card network, albeit without explicitly naming it, for allegedly facilitating unauthorized payments through intermediaries. This move by the RBI underscores the critical role of regulatory oversight in maintaining the integrity and security of payment systems within the country. What is a card […]