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RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank

Feb 23, 2024

New Delhi, Feb 23 (IANS) The Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the Unified Payments Interface of Paytm Payments Bank Ltd (PPBL) so that '@paytm' handles can be migrated in a seamless manner. The central bank advised that in the event…

Low turnout at investors’ EGM, any resolution unenforceable, claims Byju’s

Feb 23, 2024

New Delhi, Feb 23 (IANS) Embattled edtech major Byju’s on Friday claimed that the resolutions passed during the investors' extraordinary general meeting (EGM) are "invalid and ineffective" and the passing of the "unenforceable resolutions"…

National

BHARAT TEX 2024 to be India’s Largest Global Textiles Mega Event: Textile Secretary

Feb 23, 2024

With over 22 lakh sq ft exhibition area spread across 2 venues at Bharat Mandapam and Yashobhoomi, participation of buyers from 100 countries and over 100 international speakers, Bharat Tex is set to be India’s largest Global Textile Event.…

Business

Nifty closes at day’s low on profit booking

Feb 23, 2024

Mumbai, Feb 23 (IANS) Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking on Friday, said Rupak De, Senior Technical Analyst at LKP Securities.The Nifty 50 closed at…

Business

Apple’s India revenue up 42% to $8.7 bn in 2023: Morgan Stanley

Feb 23, 2024

New Delhi, Feb 23 (IANS) Apple's revenue in India rose nearly 42 per cent (on-year) last year to $8.7 billion, foreign brokerage Morgan Stanley said in a report on Friday. According to the report, iPhone shipments grew about 39 per cent to…

Business

Bank deposits losing attractiveness as govt savings schemes see strong growth

Feb 23, 2024

New Delhi, Feb 23 (IANS) Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness.It has cited head winds like strained financial savings, the rise of alternatives such…

Business

India’s GDP to log 6.4% growth in Q3 FY24

Feb 23, 2024

Chennai, Feb 23 (IANS) Government owned mortgage lender Bank of Baroda (BOB) on Friday predicted India’s gross domestic product (GDP) in Q3 FY24 to grow at 6.4 per cent on the back of subdued growth in industrial and agricultural…

Business

Google’s AI chatbot Gemini violates India’s IT laws: Rajeev Chandrasekhar

Feb 23, 2024

New Delhi, Feb 23 (IANS) Union Minister of State for Electronics and Technology Rajeev Chandrasekhar on Friday expressed concern over the potential violation of Indian IT laws by Google's Gemini AI chatbot. His reaction comes after users on…

Business

Nifty 500 companies deliver strong performance in Q3

Feb 23, 2024

New Delhi, Feb 23 (IANS) The Nifty 500 companies delivered strong performance and reported an earnings growth of 25 per cent YoY in 3QFY24, as per a report by Motilal Oswal Financial Services.The earnings growth was again fueled by the…

Business

Razorpay surpasses $150 bn in TPV, unveils new payment gateway & AI chatbot

Feb 23, 2024

Bengaluru, Feb 23 (IANS) Fintech major Razorpay on Friday announced it has achieved an annualised total payment volume (TPV) of $150 billion, and unveiled several new features including an AI chatbot. The company also launched ‘Payment…

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