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RBI hikes limits for UPI payments & e-mandates, to set up cloud facility, FinTech repository

Dec 8, 2023

Chennai, Dec 8 (IANS) Enhancing the payment limits for Unified Payments Interface (UPI), electronic mandates, setting up of cloud facilities, the financial sector and fintech repository were some of the major announcements made by the Reserve Bank of India Governor, Shaktikanta Das on Friday.Das announced these measures on Friday after declaring…

RBI to come out with regulatory framework for web-aggregators of loan products

Dec 8, 2023

Chennai, Dec 8 (IANS) The Reserve Bank of India (RBI) will soon lay down the regulatory framework for web-aggregation of loan products since the customers are being harmed now, said the Central bank Governor Shaktikanta Das.“Several…

Business

Top UK mobile firms face 3 bn pounds claim for overcharging customers

Dec 8, 2023

London, Dec 8 (IANS) Consumer rights champion Justin Gutmann on Friday said that he, along with law firm Charles Lyndon, have filed a class-action proceedings against Vodafone, EE, Three and O2 for allegedly overcharging customers for…

Business

Nifty crosses 21000 mark, at new all-time high

Dec 8, 2023

New Delhi, Dec 8 (IANS) The Nifty reached a new all-time high as the RBI Governor announced the monetary policy, surpassing the 21,000 mark, says Rupak De, Senior Technical analyst at LKP Securities.The RBI Governor maintained the key…

Business

Fire Disney CEO Bob Iger immediately, says Musk

Dec 8, 2023

San Francisco, Dec 8 (IANS) An angry Elon Musk has said that Disney CEO Bob Iger should be fired immediately, after the entertainment giant pulled advertisements from X as its owner endorsed antisemitic conspiracy theory on his platform.…

Business

Seized SpiceJet aircraft released after Dubai court decision

Dec 8, 2023

New Delhi, Dec 8 (IANS) SpiceJet flight carrying passengers from Ahmedabad to Dubai, which was diverted minutes before landing, and seized by a lessor recently has been released after Dubai International Financial Centre (DIFC) Court’s…

Business

Mega Bitcoin rally helps other crypto tokens reach new highs

Dec 8, 2023

New Delhi, Dec 8 (IANS) The impressive rally of Bitcoin, which now aims to hit $50,000 per coin, has helped other cryptocurrencies like Ethereum and Solana reach new highs. Ethereum (ETH) jumped more than 5 per cent and hit $2,382 on…

Business

RBI retains repo rate at 6.5%, GDP growth at 7%, inflation at 5.4%

Dec 8, 2023

Chennai, Dec 8 (IANS) As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.5 per cent. Announcing the decision of the MPC after its three-day deliberations, RBI…

Business

RBI retains repo rate at 6.5%

Dec 8, 2023

Chennai, Dec 8 (IANS) As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.Announcing the decision of the MPC after its three-day deliberations, RBI Governor…

Business

Spotify CFO Paul Vogel leaving the company after mass layoffs

Dec 8, 2023

San Francisco, Dec 8 (IANS) Music streaming platform Spotify's chief financial officer (CFO) Paul Vogel is leaving the company after massive layoffs this week and according to Spotify CEO Daniel Ek, Vogel didn’t have the experience needed…

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