Strata: India’s First Full-Exit Fractional Platform
Strata, India’s largest commercial real estate investment platform, has announced the successful sale of its warehouse asset in Jaipur, delivering a return on investment of 13-14% to its investors over a period of two years. With this sale, Strata becomes the first fractional ownership platform (FOP) in the country to offer a full exit to […]
IRDA’s 30-Day Free-Look Period for Insurance
If you have ever bought an insurance policy and regretted it later, you might be aware of the free-look period. It is a provision that allows you to return the policy within a specified time frame and get a refund of the premium paid, subject to certain deductions. The Insurance Regulatory and Development Authority of […]
TeamLease EdTech, NSDC’s Joint Venture
What is the partnership between TeamLease EdTech and NSDC? TeamLease EdTech, a leading provider of online education and skill development solutions, and the National Skill Development Corporation (NSDC), a public-private partnership under the Ministry of Skill Development and Entrepreneurship, have entered into a partnership to foster employability through skill development by endorsing work-integrated degree programmes. […]
Fungal Keratitis: Cipla, CSIR-CDRI’s New Venture
It is a serious eye infection that can lead to blindness. It is caused by fungi that invade the cornea, the transparent layer of the eye. It affects around 1.2 million people worldwide every year, especially in tropical countries where agricultural workers are at higher risk. The current therapies for fungal keratitis are not very […]
India Denies EU’s ‘Data Exclusivity’ for Drug Firms
India has refused to accept the demand of four European countries to include a data exclusivity provision in the proposed free trade agreements (FTA). The government said it will protect the interests of the domestic generic drug industry, which contributes to India’s exports and provides affordable medicines. What is data exclusivity? It is a form […]
RBI, NRB Merge UPI, NPI for Global Money Transfers
The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) have taken a major step towards enhancing financial connectivity between the two neighbouring countries. On February 15, 2024, the central banks of India and Nepal signed and exchanged the Terms of Reference for the integration of their fast payment systems, namely, the Unified Payments […]
Government’s Move Against Pesky Calls
Pesky calls and messages are a nuisance for many mobile phone users, who often receive unwanted and unsolicited commercial communications from various entities. The government has taken several steps to address this issue, including imposing penalties on violators, creating special units to track and disable the infrastructure of offenders, and forming a committee to draft […]
OYO Dives into Sports Hospitality, Shortlists 100 Hotels
OYO, the hospitality and travel-tech firm, has announced its foray into sports hospitality business, shortlisting 100 hotels across 12 key cities to cater to large sports events. The company aims to provide end-to-end solutions for athletes, officials and spectators, including accommodation, transportation and food services. Why OYO is entering sports hospitality According to OYO, the […]
Banks, Fintechs Offer Zero Forex Cards to Young Indian Tourists
The problem of forex markup fees Traveling abroad is no longer a luxury for young Indian professionals, who are increasingly exploring new destinations and cultures. However, one of the biggest challenges they face is the high cost of foreign exchange transactions, which can eat into their travel budget. Typically, when you use a credit or […]
RBI Restricts Fintech Over KYC Concerns
The Reserve Bank of India (RBI) has taken strict measures to prevent fintech companies from issuing business credit cards to their customers, citing concerns over compliance with Know Your Customer (KYC) norms and usage limitations of such cards. What are business credit cards and why are they issued by Fintech? Business credit cards are different […]