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RBI fines Ola Financial Services $1.67 million for violating regulations-thumnail

RBI fines Ola Financial Services $1.67 million for violating regulations

Ola Financial Services Private Limited has been fined 1.67 crore rupees by the Reserve Bank of India (RBI) for failing to follow certain rules on pre-paid payment instruments and Know

Finance

Jul 13, 2022

Investment firm Nomura cuts India’s GDP growth forecast to 4.7% from earlier 5.4% projection-thumnail

Investment firm Nomura cuts India’s GDP growth forecast to 4.7% from earlier 5.4% projection

However, all is not lost. India’s economy, Nomura said, is racing above its pre-pandemic level, led by a sharp recovery in the services sector, and supported by the lagged effects

Finance

Jul 13, 2022

PM Modi to inaugurate Sgx Nifty futures contract and IIBX in Gujrat on Friday-thumnail

PM Modi to inaugurate Sgx Nifty futures contract and IIBX in Gujrat on Friday

The government in the past few years has also slashed taxes at the GIFT city to compete with regional finance hubs like Singapore, Dubai, and Hong Kong.  Nifty futures contracts

Finance

Jul 12, 2022

<strong>Edelweiss Mutual Fund launches Focused Equity Fund</strong>-thumnail

Edelweiss Mutual Fund launches Focused Equity Fund

NEW DELHI: Edelweiss Asset Management Ltd. on Tuesday announced the launch of the Edelweiss Focused Equity Fund, a new fund offering (NFO) that will invest in 25–30 stocks across three

Finance

Jul 12, 2022

RBI formulates a mechanism to settle international trade settlements in rupees-thumnail

RBI formulates a mechanism to settle international trade settlements in rupees

The RBI mechanism is expected to facilitate importers and exporters to avoid rules that prevent the use of a global currency such as the US dollar for trade with certain

Finance

Jul 12, 2022

New Demat account opening stands at 1.79 million, lowest since February 2021-thumnail

New Demat account opening stands at 1.79 million, lowest since February 2021

Description-: In June, the Nifty Midcap 100 and the Nifty Smallcap 100 were down 25 percent and 35 percent, respectively, from their record highs. These indices have seen recovery since

Finance

Jul 12, 2022

Against the US dollar, the rupee drops to a lifetime low of 79.58.-thumnail

Against the US dollar, the rupee drops to a lifetime low of 79.58.

The Indian rupee depreciated against the US dollar by 13 paisas on Tuesday’s interbank foreign exchange market, opening at 79.58. In early trade on Tuesday, the rupee hit a record

Finance

Jul 12, 2022

Startups In India – Financial Literacy-thumnail

Startups In India – Financial Literacy

The Financial Inclusion Index, which evaluates the degree of financial inclusion in light of simple entry, the degree of utilization, imbalance, and lack in administration, degree of financial proficiency, and

Finance

Jul 11, 2022

Ashneer Grover names his new venture “Third unicorn”-thumnail

Ashneer Grover names his new venture “Third unicorn”

The nature of the company was not immediately known. Several news reports have suggested Grover is in talks with investors to raise money for his new business, despite him saying

Finance

Jul 9, 2022

SEBI proposes to bring MF’s transactions under purview of insider-trading regulation-thumnail

SEBI proposes to bring MF’s transactions under purview of insider-trading regulation

The proposal comes close on the heels of allegations of front-running at a large fund house. In the discussion paper floated on Friday, Sebi has said it has observed that

Finance

Jul 9, 2022

IRDAI introduces tech-enabled concepts like “pay as you drive” for motor insurance cover-thumnail

IRDAI introduces tech-enabled concepts like “pay as you drive” for motor insurance cover

In the aftermath of the covid-19 pandemic, many do not drive as frequently as before, but still have to pay the same established annual premium based on the make or

Finance

Jul 9, 2022

Grow Your Fintech Startup in India-thumnail

Grow Your Fintech Startup in India

A fintech startup is an organization that depends on innovations to address the purchaser’s needs in monetary administration.

Business

Jul 8, 2022


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