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<strong>RBI rejects 6 bank applications as not suitable under the Guidelines for ‘on tap’ Licensing; 5 others being examined. </strong>-thumnail

RBI rejects 6 bank applications as not suitable under the Guidelines for ‘on tap’ Licensing; 5 others being examined. 

Description-: The Reserve Bank had received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks; six are already rejected,

Finance

May 18, 2022

SS Mundra, ex RBI deputy governor, appointed BSE chairman-thumnail

SS Mundra, ex RBI deputy governor, appointed BSE chairman

BSE, which was earlier called the Bombay Stock Exchange, has decided to appoint Public Interest Director SS Mundra as its new Chairman. However, his appointment is subject to the approval

Finance

May 17, 2022

Paytm mall’s out of the unicorn club; valuation plummets 99.5%-thumnail

Paytm mall’s out of the unicorn club; valuation plummets 99.5%

Paytm Mall is buying back 43.2% shares held by Alibaba and Ant Financials for INR 42 Cr. The exit of the early investors has plummeted the valuation of Paytm Mall

Finance

May 17, 2022

Quintillion Business Media shares up 9% as Adani group buys 49% stake-thumnail

Quintillion Business Media shares up 9% as Adani group buys 49% stake

The Adani Group company Adani Enterprises forayed into the media business by acquiring an unspecified minority stake in Quintillion Business Media earlier this year. Whatever Adani touches, turns to gold.

Finance

May 17, 2022

Historic, as exchanges witnesses India’s biggest market listing and way forward-thumnail

Historic, as exchanges witnesses India’s biggest market listing and way forward

On the NSE, the insurance behemoth’s listing price was ₹ 872, indicating a discount of 8.11 percent from the issue price of ₹ 949 per share. According to the NSE,

Finance

May 17, 2022

The Reserve bank will hike interests by another 75 basis points by August 2022-thumnail

The Reserve bank will hike interests by another 75 basis points by August 2022

Rating agency “Icra” foresees a high likelihood that the MPC will raise the repo rate by 40 bps and 35 bps, respectively, over the next two policies (scheduled in June

Finance

May 17, 2022

90% of Zerodha’s team to permanently work from home; Core team to work hybrid-thumnail

90% of Zerodha’s team to permanently work from home; Core team to work hybrid

Nithin Kamath, CEO and co-founder of Zerodha, announced that nearly 950 of the company’s 1100 employees would work from home permanently. According to CEO and co-founder Nithin Kamath, over 950

Finance

May 16, 2022

What are Stablecoins, the reason behind plummeting Crypto market-thumnail

What are Stablecoins, the reason behind plummeting Crypto market

TerraUSD’s stability mechanism stopped working this week when investors lost faith in Luna, amid a broader downturn in cryptocurrency markets. TerraUSD’s price crashed to as low as 30 cents. In

Finance

May 16, 2022

7 Most Successful Fintech Startups in India-thumnail

7 Most Successful Fintech Startups in India

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

Finance

May 15, 2022

The Indian rupee is hitting all-time lows, Impact on people-thumnail

The Indian rupee is hitting all-time lows, Impact on people

Indian currency hit 77.55 INR this Thursday, leaving a direct impact on the Reserve of the central bank, prices of goods, trade, and equities. Indian rupee nosedived hitting an all-time

Finance

May 13, 2022

Google updates its developer policy; personal loan apps must now provide additional proof, and call recording via the accessibility API is now prohibited.-thumnail

Google updates its developer policy; personal loan apps must now provide additional proof, and call recording via the accessibility API is now prohibited.

Google has updated its Google Play developer policy, which became effective on Wednesday, May 11th. Personal loan apps and Accessibility API usage have been addressed. Google has updated its Google

Finance

May 13, 2022

How to Check the Status of LIC IPO Share Allotment-thumnail

How to Check the Status of LIC IPO Share Allotment

New Delhi: The much-anticipated initial public offering (IPO) of Life Insurance Corporation of India (LIC) has concluded, and the company plans to complete the allotment by Thursday, May 12, according

Finance

May 12, 2022


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