Fintech Uni suspends card services over RBI digital lending norms

New Delhi (IANS) Fintech startup Uni on Friday said it has suspended card services on its products in line with the recent notification by the Reserve Bank of India (RBI) around digital lending.

The startup said that is proactively suspending…

ONGC, IRCTC among 21 PSEs running without full-time heads

New Delhi (IANS) As many as 21 central public sector enterprises (CPSEs) including Maharatna entity ONGC, Navratnas Oil India Ltd (OIL), and Bharat Electronics Ltd (BEL) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC), among others,…

LIC Mutual Fund's large & mid cap funds offer 12.49?GR since inception

Mumbai (IANS) The large and mid cap funds of LIC Mutual Funds has offered 12.49 per cent compound annual growth return since its inception in February 2015.

As on July 31, 2022, the compounded annual growth returns performance of LIC MF large…

Flipkart to pay Rs 1L fine for selling sub-standard pressure cookers

New Delhi (IANS) The Central Consumer Protection Authority (CCPA) has passed an order on violation of consumer rights by e-commerce platform Flipkart for allowing sale of domestic pressure cookers in violation to mandatory standards.

According…

CCI approves merger of HDFC Bank, HDFC Ltd

Mumbai (IANS) The Competition Commission of India (CCI) has approved the proposal of merger of HDFC Bank and HDFC Ltd.

"Commission approves proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings,"…

Tripura exported over 9K tonnes of pineapples in 2 years

Agartala (IANS) Tripura exported 9,909 tonnes of the most delicious pineapples to Dubai, Qatar, Bangladesh facilitating Rs 14 crore trade of the state's farmers during the past two years, Agriculture and Farmers Welfare Minister Pranajit Singha…

GST on rent for business entities, govt clarifies

New Delhi (IANS) The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity.

Responding to news reports, claiming that tenants would now…

ICICI Bank market-cap hit Rs 6 lakh cr, stock rises record high

Mumbai (IANS) The market capitalisation of the ICICI Bank touched Rs 6 lakh crore mark in the afternoon trade due to which shares of the bank hit record high of Rs 865.55.

The stock has surpassed its previous high of Rs 859.70, which had hit…

Our AI-based automated trading helping retail investors grow: AlgoBulls CEO

New Delhi (IANS) As trading in the stock market becomes more data and analytics-driven, the challenge for retail traders -- both the new and seasoned ones -- has always been what stock to buy or sell and when to buy or sell (exact time).

The…

Fintech platform Mswipe gets RBI nod for Payment Aggregator license

New Delhi (IANS) Financial services platform Mswipe Technologies on Tuesday said it has received an in-principal Payment Aggregator (PA) license from the Reserve Bank of India (RBI).

With this approval, Mswipe will be able to develop an in-house…