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<strong>No GST on bank incentives to promote RuPay debit cards: CBIC</strong>-thumnail

No GST on bank incentives to promote RuPay debit cards: CBIC

The government pays the acquiring banks an incentive as a percentage of the value of transactions up to 2000 under the incentive plan for the promotion of RuPay debit cards

Finance

Jan 14, 2023

<strong>Bitcoin surged as much as 7.5% to $21,299 amid cooling inflation reports.</strong>-thumnail

Bitcoin surged as much as 7.5% to $21,299 amid cooling inflation reports.

The gains came amid a report on consumer prices last week that showed inflation declining in January from December levels. The Federal Reserve is on track to downshift to smaller

Finance

Jan 14, 2023

Nirmala Sitaraman held a meeting with state Finance Ministers to discuss Budget-thumnail

Nirmala Sitaraman held a meeting with state Finance Ministers to discuss Budget

Nirmala Sitaraman contacted a pre-budget meeting with finance ministers from all states and union territories to get their views and proposals for the upcoming 2023-24 budget. Nirmala Sitaraman holds two

Finance

Nov 25, 2022

HDFC Bank and Canara Bank receive RBI approval for rupee trade with Russia: Report-thumnail

HDFC Bank and Canara Bank receive RBI approval for rupee trade with Russia: Report

Vostro accounts are accounts held by a bank on behalf of another, often foreign, bank, and are an important part of correspondent banking. So far, five Indian banks have received

Finance

Nov 22, 2022

Five Star Business Finance IPO investors witness a muted listing at 5% discount-thumnail

Five Star Business Finance IPO investors witness a muted listing at 5% discount

Headquartered in Chennai, the company provides secured business loans to micro-entrepreneurs and self-employed individuals, who traditional financing institutions largely exclude. All of its loans are secured by borrowers’ property (SORP

Finance

Nov 21, 2022

Central bank reportedly in final stages of rolling out a digital rupee-thumnail

Central bank reportedly in final stages of rolling out a digital rupee

According to the RBI, the CBDC will help reduce operational costs involved in physical cash management, foster financial inclusion, and bring resilience, efficiency, and innovation to the payments system, among

Finance

Nov 19, 2022

Cristiano Ronaldo introduces his first NFT collection in collaboration with crypto powerhouse Binance-thumnail

Cristiano Ronaldo introduces his first NFT collection in collaboration with crypto powerhouse Binance

Cristiano Ronaldo’s new collection will be available on Binance’s website beginning November 18, 2022. Cristiano Ronaldo’s first NFT collection will be released on Friday, November 18 as part of a

Finance

Nov 17, 2022

SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm-thumnail

SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm

SoftBank had cumulatively invested around $2.2 billion in these three companies (Paytm, Policybazaar, and Delhivery) and offloaded shares worth $560 million at their initial public offerings (IPO). This means that

Finance

Nov 17, 2022

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government-thumnail

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government

The disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.

Finance

Nov 17, 2022

Contentstack, content management, and experience platform raises $80 million in funding-thumnail

Contentstack, content management, and experience platform raises $80 million in funding

Founded in 2018 by Neha Sampat and Nishant Patel, Contentstack provides content management systems (CMS) to enterprises. It equips businesses with one central content hub and helps them provide a

Education

Nov 16, 2022

KarmaLife associates with Repute to deliver reasonable financial services-thumnail

KarmaLife associates with Repute to deliver reasonable financial services

KarmaLife is a financial service provider to contract-based workers, which has asserted cooperation with Repute. This partnership will allow KarmaLife to connect to a Human Resource Management System supported by

Finance

Nov 15, 2022

Mukesh Ambani is competing to purchase Liverpool FC of the English Premier League-thumnail

Mukesh Ambani is competing to purchase Liverpool FC of the English Premier League

Reliance Industries Ltd. Chairman Mukesh Ambani at the India Mobile Congress 2022 on Saturday, October 1, 2022 in New Delhi, India. The debut of 5G services in India was announced

Enterprise Service

Nov 14, 2022


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