Paytm Under Lens: India Probes Chinese FDI Flow
Paytm, India’s leading digital payments platform, is facing scrutiny from the government over its foreign direct investment (FDI) from China. According to sources, the government is examining the FDI from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd (OCL), which owns Paytm . Paytm and Press Note 3 […]
UPI Goes Global! Sri Lanka & Mauritius Join Digital Payment Wave
India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius on Monday, February 12, 2024, in a virtual ceremony that will be attended by Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritian Prime Minister Pravind Jugnauth. The event will also mark the launch of RuPay card services in […]
ESIC Expands Healthcare: Superannuated Members Now Eligible
What is the ESIC Scheme? The Employees’ State Insurance Corporation (ESIC) is a statutory body that provides social security and health insurance to workers in India. The ESIC scheme covers workers earning up to Rs 30,000 per month and provides them with medical care, cash benefits, maternity benefits, disability benefits and pension benefits. Who are […]
Road Projects Streamlined: Deemed Approval Speeds Up DPR Process
The Ministry of Road Transport and Highways (MoRTH) has taken a major step to streamline the process of preparing Detailed Project Reports (DPR) for highway projects in the country. The ministry has issued a circular on 9 February 2024, stating that DPRs submitted by consultants will be deemed to be approved if no comments or […]
JSW Sparks ₹40,000 Crore EV Engine in Odisha
JSW Group, one of India’s leading conglomerates, has announced its entry into the electric vehicle (EV) sector with a massive investment of Rs 40,000 crore in Odisha. The group has signed a memorandum of understanding (MoU) with the Odisha government to set up an integrated EV and EV battery manufacturing project at Cuttack and Paradip. […]
Tax-Efficient Pension Product by ICICI Prudential
ICICI Prudential Life Insurance, one of the leading private life insurers in India, has launched a new retirement savings product, ICICI Pru Gold Pension Savings. This product is designed to help customers build a tax-efficient retirement corpus and enjoy a regular income for life after retirement. What is ICICI Pru Gold Pension Savings? ICICI Pru […]
RBI: Paytm App Stable, Banks May Partner After Checks
The Reserve Bank of India (RBI) has clarified that the recent directives issued against Paytm Payments Bank Limited (PPBL) will not affect the functionality or operations of the Paytm app. The RBI Deputy Governor Swaminathan J said that the action is against PPBL, not against the Paytm app, in a press briefing following the Monetary […]
Etihad: Official Sponsor of Chennai Super Kings
Etihad Airways, the national airline of the UAE, has announced a strategic partnership with Chennai Super Kings, the five-time champions of the Indian Premier League (IPL). The airline will be the official sponsor of the team, also known as the Yellove, for the upcoming season of the IPL. The partnership was unveiled at a special […]
Tata Group ₹30L Cr and TCS’s ₹15L Cr Market Cap Milestones
The Tata Group has achieved a historic milestone by surpassing a market capitalization of ₹30 lakh crore, making it the first Indian conglomerate to do so. This remarkable increase in market value is attributed to strong performances by Tata Consultancy Services (TCS), Tata Motors, Tata Power, and Indian Hotels in 2024. TCS leads the way […]
Juspay, Zoho, Decentro: New Payment Aggregators by RBI
The Reserve Bank of India (RBI) has granted final authorization to three more companies – Juspay, Zoho, and Decentro – to operate as payment aggregators in India. This approval allows these companies to provide payment services to online merchants by accepting payments from customers. What is a payment aggregators? A payment aggregator is a service […]