CATEGORIES

Bank, fintech tie-up to boost risk management: RBL CEO

Collaboration between banks and fintechs will enhance innovation, which is necessary for achieving scale and financial stability, said R Subramaniakumar, managing director (MD) & chief executive officer (CEO), RBL Bank.

'Finternet' is the future of financing system: Nilekani

Terming 'Finternet' as the future of financing systems, Nandan Nilekani, Infosys co-founder and chairman, provided a glimpse into how India's fintech landscape would look like in the near future.

Market share cap move hindering IPO: PhonePe CEO

Nigam's comment comes as deadline for implementing proposed cap approaches

Correction in equity markets could help banks regain deposits: SBI MD

Correction in the equity markets could help banks regain deposits, State Bank of India's managing director Ashwini Kumar Tewari said on Wednesday, while asserting that banks are also driving innovation in order to raise deposits.

Sebi seeks RBI help to boost corporate bond repo market participation

The Securities and Exchange Board of India (Sebi) has requested the Reserve Bank of India (RBI) to provide certain approvals to AMC Repo Clearing (ARCL) to facilitate the participation from banks and primary dealers (PDS), Sebi's Executive Director Pramod Rao said.

UPI transactions may hit 100 bn in 10-15 yrs: Asbe

India's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years but this will come on the back of credit growth, said Dilip Asbe, chief executive officer (CEO) of the National Payments Corporation of India (NPCI).

RBI recognises FACE as fintech SRO

Chosen from three applications; of the other two, one has been returned and third under examination

Trade imbalance

India's aspiration to achieve self-reliance and reduce dependence on imports in critical sectors such as electronics, electric vehicles, semiconductors, and machine tools continues to encounter significant obstacles.

Promoting FDI from China: Some issues

Assuming that Chinese investments in India will improve trade balance may be simplistic

4 mins |

Simplifying GST

Rationalisation should not be delayed

Inflation targeting: Defending the status quo

India adopted inflation targeting (IT) in September 2016.

4 mins |

Telegram CEO freed from custody, will appear in court

Are tech execs responsible for what happens on their platforms?

Protests on the rise in China amid sluggish economy, housing crisis

Country records 18% rise in dissent cases in 2nd quarter of this yr

Berkshire Hathaway surpasses $1 trillion in market value

Berkshire Hathaway Inc became the first US company outside of the tech sector to surpass $1 trillion in market value.

Africa's debt crisis has severe implications for the world

After a new tax increase incited weeks of deadly riots in Kenya early this summer, President William Ruto announced that he was reversing course. He abandoned the finance law he had proposed, and then he shook up his cabinet.

Apple cuts 100 jobs as part of priority shift

Apple Inc took the rare step of cutting about 100 jobs in its digital services group, part of a shift in priorities for the critical division, according to people with knowledge of the matter.

PMJDY personifies empowerment, dignity: Modi

The Pradhan Mantri JanDhan Yojana (PMJDY) will be strengthened to make India a developed country, said Prime Minister Narendra Modi on Wednesday about a financial inclusion programme that has more than 530 million accounts.

PM reviews 'PRAGATI' of key projects

Prime Minister Narendra Modi on Wednesday chaired a PRAGATI meeting to review the progress of seven key projects, spread across 11 states and Union Territories, having a cumulative worth of around ₹76,500 crore, his office said.

'Anti-national' posts may now attract life term in UP

New social media policy includes financial rewards for promoting govt policies

RRBs evince interest in going public at meet with FM

Buoyed up by their strong performance, some of the Regional Rural Banks (RRBs) have expressed willingness to go for initial public offerings (IPOs) during their discussion with Finance Minister Nirmala Sitharaman last week.

Kirana vs Q-com on table

Issue of potential threat to local stores from Q-com raised with corporate ministry

Wage structure revision for port workers okayed

To impact 20K permanent employees

Sitharaman lauds scheme for changing financial landscape

Pradhan Mantri Jan-Dhan Yojana (PMJDY), the largest financial inclusion initiative in the world, integrates the poor into the economic mainstream and plays a crucial role in the development of marginalised communities, Finance Minister Nirmala Sitharaman (pictured) Wednesday.

Tech, new recruits shape evolving HR hiring trends

Need to acquaint large size of pandemic-era hires with company culture driving the change, say executives

3 mins |

Need to make internship scheme mandatory

HR experts say important to monitor progress of upskilling schemes; existing partnerships with industry need to be strengthened Mumbai, 28 August M andating India Inc to comply with the Centre's new internship scheme, which aims to skill 10 million youngsters in five years, may lead to better results, said human resources (HR) experts on Wednesday.

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BharatPe launches consumer UPI product

Fintech platform BharatPe on Wednesday announced the launch of its UPI TPAP (Unified Payments Interface Third-Party Application Provider) to facilitate consumer digital payments.

Tanishq, De Beers ink pact to add sparkle to diamond mkt

India's largest jeweller Tanishq and South African-British diamond company De Beers Group on Wednesday announced a three-year strategic collaboration to push the sale of natural diamonds in the country.

Paytm gets govt nod to invest in its payment services business

Paytm has received the finance ministry's approval to invest in its payment services business, the fintech firm said on Wednesday.

Adani group proposes to invest $3,500 crore in MP

To set up a cement facility, defence unit, women-operated jacket factory