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Laos strengthens IP protection efforts

Aug 8, 2024

Vientiane, Aug 8 (IANS) Laos launched its updated Intellectual Property (IP) Portal website that empowers businesses to protect their innovations and creativity, fostering a more dynamic and competitive economy.The website aims to streamline application processes for entrepreneurs, providing clear guidance on IP rights, according to Lao Economic…

Nazara acquires UK-based Fusebox Games for Rs 228 crore

Aug 8, 2024

Mumbai, Aug 8 (IANS) Gaming and sports media company Nazara Technologies on Thursday said it has acquired Fusebox Games, a UK-based gaming studio, for Rs 228 crore ($27.2 million) in an all-cash deal.Fusebox offers a successful interactive…

Business

India’s financial sector gaining strength from macroeconomic stability: RBI chief

Aug 8, 2024

Mumbai, Aug 8 (IANS) RBI Governor Shaktikanta Das said on Thursday that the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability.He pointed out that the banking sector’s well-capitalised and…

Business

Charles Schwab plans Technology Development Centre in Hyderabad

Aug 8, 2024

Hyderabad, Aug 8 (IANS) Charles Schwab, a global leader in financial services, has chosen Hyderabad as the prospective location for its first Technology Development Centre in India.The decision followed fruitful discussions between…

Business

Indian hospital industry’s financial profile to remain healthy in FY25: Report

Aug 8, 2024

New Delhi, Aug 8 (IANS) Backed by sustained healthy demand for healthcare services and continued market share gains for organised players, the aggregate occupancy for the Indian hospital industry will remain strong at 61-63 per cent in the…

Business

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

Aug 8, 2024

Mumbai, Aug 8 (IANS) The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday.“UPI has become the most preferred mode of…

Business

RBI creating public repository of digital lending apps to curb scams

Aug 8, 2024

Mumbai, Aug 8 (IANS) To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital…

Business

Frequency of reporting credit info to CICs being cut to 15 days or less: RBI chief

Aug 8, 2024

Mumbai, Aug 8 (IANS) The RBI proposes to increase the frequency of reporting of credit information to credit information companies (CICs) to a fortnightly basis or at shorter intervals, the central bank’s Governor Shanktikanta Das said on…

Business

Clearing time for cheques to be cut from 2 days to a few hours: RBI chief

Aug 8, 2024

Mumbai, Aug 8 (IANS) The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das said on Thursday.At…

Business

ITR processing time cut significantly in last decade, a transformative shift: FM

Aug 8, 2024

New Delhi, Aug 8 (IANS) As the number of income tax returns (ITRs) filed surged to record 7.28 crore in the assessment year 2024-25, the processing time has also been reduced significantly in the last decade, which is a transformative shift…

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