MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints faced by MSMEs – the difficulty of turning sales into cash and cash flows into credit. The system could help address the MSME sector’s Rs 60 lakh crore formal credit gap, while reducing … Read more
MUMBAI: The much-awaited NSE IPO will open on Sept 17 and close on Sept 21 with the listing slotted for Sept 24, the bourse said on Friday. With some of the existing shareholders together selling a 5.1% stake in the country’s largest stock exchange, at the upper end of the Rs 1,700-1,785/share price band, the … Read more
India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released … Read more
The two homebuyers received an allotment letter dated February 18, 2013. (Image for representative purpose only) Two homebuyers booked flats on the sixth and seventh floors of a Mumbai housing project in 2013. They were assured that they would get possession for the flats by December 2014. But their dream of getting the flats remains … Read more
Wall Street inches higher as oil prices ease, inflation data calms markets US stocks moved higher on Friday as a retreat in oil prices helped ease some of the pressure on markets, and fresh inflation data came broadly in line with expectations.The S&P 500 gained 1%, putting the index on course to end a four-day … Read more
The latest reserve build-up comes after a sharp turnaround in foreign-currency inflows following the RBI’s measures announced in June. India’s foreign exchange reserves surged by a record $44.903 billion in the week ended September 4, taking the country’s forex kitty to a fresh lifetime high of $785.706 billion, according to data released by the Reserve … Read more
UIDAI is working towards expanding Aadhaar beyond India. (Image for representative purpose only) India launched its first Aadhaar card in 2010. And sixteen years later, the Aadhaar card which has now become an integral part of important documentation work in the country is now set to go global.The Unique Identification Authority of India (UIDAI) is … Read more
Uber exits Nigeria, Uganda Uber is pulling out of Nigeria and Uganda, closing operations in two African markets where ride-hailing companies have faced a difficult combination of rising operating costs, pressure on fares and growing competition.The exits took effect on September 2, ending Uber’s 12-year run in Nigeria and roughly a decade in Uganda. The … Read more
Finance minister Nirmala Sitharaman described artificial intelligence as “a double edged sword”, warning that while it can help detect fraud, it can also be used to perpetrate it. Speaking at the Global Fintech Fest 2026, Sitharaman also added that innovation should expand efficiency without creating new forms of systemic fragility.Cautioning about the risks linked to … Read more
Indian Railways is undertaking several measures to modernise and strengthen its rail ticket booking system. The Indian Railway Catering and Tourism Corporation (IRCTC) has set a new ticket booking record! Online booking of train tickets now accounts for 89% of total train ticket bookings on the Indian Railways network and this rush became evident when … Read more