lipped from: https://www.thehindubusinessline.com/info-tech/phonepe-to-acquire-indus-os-in-all-cash-deal-worth-60-m/article34599672.ece?homepage=true The digital payment service PhonePe – Bloomberg The digital payment service PhonePe – Bloomberg× This is the digital payment platform’s second acquisition after
Author: Anil R Tikotekar
Essential Commodities: Goyal ask officials to keep an eye on prices – The Financial Express
Clipped from: https://www.financialexpress.com/economy/essential-commodities-goyal-ask-officials-to-keep-an-eye-on-prices/2255185/ The department of consumer affairs collects data about the prices of all 22 essential commodities from 157 centres across the country. As per
Greater insurance cover or low premium: Strike a balance, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/greater-insurance-cover-or-low-premium-strike-a-balance-say-experts-121051801504_1.html It is advisable to buy a policy that offers more comprehensive coverage In premium terms, the difference between a comprehensive policy and one
NBFCs had objected to RBI rules on auditor change, called for expert panel | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-had-objected-to-rbi-rules-on-auditor-change-called-for-expert-panel-121051901180_1.html The RBI had said in its guidelines that all banks and NBFCs, except non-deposit taking ones below Rs 1,000 crore, should change their
Foreign currency deposits lose sheen due to stable rupee | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/foreign-currency-deposits-loses-sheen-due-to-stable-rupee-121051900565_1.html The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow
PhonePe seeks to acquire Indus OS to take on Paytm, Google Pay, Amazon Pay | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/phonepe-seeks-to-acquire-indus-os-to-take-on-paytm-google-pay-amazon-pay-121051900888_1.html The acquisition would help PhonePe in its “super app and vernacular language” strategy to integrate various apps on its platform. Both Flipkart and
Bitcoin plunges to $30,066; crypto market cap losses nearly $1 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bitcoin-falls-below-37-000-to-hit-14-week-low-after-china-s-new-crypto-ban-121051901015_1.html The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services Bitcoin and ethereum posted their largest one-day drop since
PPIs issued by banks and non-banks should be interoperable by March 2022: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ppis-issued-by-banks-and-non-banks-should-be-interoperable-by-march-2022-rbi/article34599668.ece?homepage=true Interoperability shall be mandatory on the acceptance side, says the central bank The Reserve Bank of India (RBI) on Wednesday said interoperability amongst
Buyback ‘fraud’: SEBI imposes fine of ₹5.25 crore on Cairn India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/buyback-fraud-sebi-imposes-fine-of-525-crore-on-cairn-india/article34599479.ece?homepage=true P Elango, 2 others charged ₹15 lakh each; firm lured investors with ‘misleading announcement’ Cairn India, the leading oil and gas player that
Bounce rates of auto debit transactions rise in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bounce-rates-of-auto-debit-transactions-rise-in-april/article34596357.ece?homepage=true But limited lockdowns may mute impact In a worrying repetition of last year’s Covid-19 led economic distress, bounce rates for recurring transactions were
India warns ‘action’ if WhatsApp does not roll back privacy policy – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/india-directs-whatsapp-to-take-back-its-new-privacy-policy/article34594452.ece?homepage=true Gives company seven days to respond The Ministry of Electronics and Information Technology (MeitY) reiterated that WhatsApp must fully withdraw and not merely
NCLT asks DHFL lenders to consider Wadhawan’s offer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nclt-asks-dhfl-lenders-to-consider-wadhawans-offer/article34600044.ece?homepage=true Bankers say since PCHFL’s resolution plan has been approved by majority of the lenders, it is unlikely that their decision will change. The
As Coronavirus lurks, Indians save wealth for health – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/as-virus-lurks-indians-save-wealth-for-health/articleshow/82750222.cmsSynopsis Companies and financial experts said that prospective customers are diverting funds that could have gone into the purchase of discretionary items toward unforeseen
Your Money: How health insurance can use data from wearables – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/your-money-how-health-insurance-can-use-data-from-wearables/2254408/ This has also led to increase in demand of wearables and health apps. As per research firm IDC, the wearables market in India
CBI, ED turn to tech-driven investigations to nail offenders amid Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/cbi-ed-turn-to-tech-driven-investigations-to-nail-offenders-amid-covid-19-121051801480_1.html The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases Central Bureau of Investigation headquarter The
CBIC notifies changes in GST refund policy, revocation of cancelled registration – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/cbic-notifies-changes-in-gst-refund-policy-revocation-of-cancelled-registration/article34596504.ece Now, refund application can be withdrawn at any time prior to issuance of refund. Central Board of Indirect Taxes & Custom (CBIC) has
CBIC issues framework for importing raw materials for job work under amended IGCR Rules – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/cbic-issues-framework-for-importing-raw-materials-for-job-work-under-amended-igcr-rules/article34588658.ece Amendments not to include precious metals The Central Board of Indirect Taxes and Custom (CBIC) has formalised the system for importing raw material,
Cement demand may drop by 20% in June quarter due to localised restrictions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/cement-demand-may-drop-by-20-in-june-quarter-due-to-localised-restrictions/article34587396.ece Demand from rural housing accounting for nearly a third of the total domestic market to decrease: report Cement demand in the June quarter
Commerce Ministry likely to ask RBI to extend Interest Equalisation Scheme beyond June 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/commerce-ministry-likely-to-ask-rbi-to-extend-interest-equalisation-scheme-beyond-june-2021/article34586295.ece Exporters say access to cheaper credit essential in retaining competitiveness The Commerce Ministry may ask the RBI to extend the Interest Equalisation Scheme
Income Tax: ICAI issues exposure draft of revised Accounting Standard – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/income-taxes-icai-issues-exposure-draft-of-revised-accounting-standard/article34586805.ece?homepage=true The CA Institute has come up with an exposure draft for a revised accounting standard on income taxes, to be applicable on entities