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Michael Jackson, fondly known as the King of Pop, has been a dominant figure on the internet and in the headlines, even posthumously. As the biopic has caught the attention of fans of the beloved star, the songs and music videos have taken over social media for their evergreen tunes. Meanwhile, Paris Jackson, the daughter…
NEW DELHI: RBI deputy governor Poonam Gupta Friday said that India has strong macroeconomic fundamentals, which can help it sustain 7.5% growth with low inflation, and added that she was not seeing a major impact on the balance of payments situation due to the West Asia conflict.At a conference organised by the Isaac Centre for…
Paytm said the RBI had effectively withdrawn Paytm Payments Bank’s licence. Paytm share price today: Shares of One 97 Communications, the parent of fintech platform Paytm, dropped as much as 8 per cent on Monday, falling to an intraday low of Rs 1,057 on the National Stock Exchange. The sharp decline came after the Reserve…
RBI cancels Paytm Payments Bank licence; to approach High Court MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking business and setting in motion the process for winding up, even as the entity had already been reduced to a runoff institution after…
The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
The United Arab Emirates has asked the United States for a financial safety net in case the Iran war plunges the region into a deeper crisis, the Wall Street Journal reported on Monday, citing US officials. The talks highlighted the UAE’s concern that the war could inflict major damage on its economy and its position…
Mumbai: IDFC First Bank has joined a small club of private lenders offering a unified rail for all major tax payments after going live on the ICEGATE 2.0, completing its coverage across direct tax, GST and now customs duty and moving close to the intersection of banking and trade compliance.The addition fills a gap in…
User fee payments at National Highway toll plazas across the country will be processed exclusively through digital modes such as FASTag or Unified Payments Interface (UPI) from Saturday, according to an official statement cited by PTI.The statement said the move aims to enhance efficiency and transparency in toll collection.The transition has not been implemented in…
India’s financial ecosystem has undergone a major transformation in recent years, with the Unified Payments Interface (UPI) emerging as the centrepiece of the country’s digital payments revolution. Just ten years ago, financial transactions in the country were slow and largely cash-dependent but now, they are just a touch or click away, enabling instant, seamless and…
Cash payments at toll plazas across national highways will be discontinued from April 10, according to a government notification, marking a shift towards a fully digital tolling system. The move follows an earlier proposal by the government to phase out cash transactions at all National Highway fee plazas. The transition has been planned to build…
