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RBI releases draft framework for Fintech sector self-regulatory organisations

Jan 15, 2024

Mumbai, Jan 15 (IANS) The RBI on Monday released a 'draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector', laying down the characteristics of a FinTech SRO, and includes the required functions and governance standards.FinTechs are significantly reshaping the landscape of financial services by streamlining…

As Nifty crosses milestone of 22K points, brokerages advise caution

Jan 15, 2024

New Delhi, Jan 15 (IANS) As the Nifty hit an all-time high of 22,000 points, brokerages have advised caution and suggested profit booking in small-cap space.Pranav Haridasan, MD and CEO at Axis Securities said the IT sector has led the…

Business

With blueprint finalised, expansion work of Bagdogra Airport to start from February

Jan 15, 2024

Kolkata, Jan 15 (IANS) With the blueprint being finalised, the full-fledged expansion work of Bagdogra Airport near Siliguri in Darjeeling district in West Bengal will start from next month, sources aware of the development said.It will…

Business

Go First extends deadline of financial bids to acquire airline, EOI submission till Jan 19

Jan 15, 2024

New Delhi, Jan 15 (IANS) In a recent development, the lenders of cash-strapped Go First have extended the deadline for financial bids to acquire the airline by January 31, a source aware of the development told IANS on Monday.Sky One, an…

Business

FASTags without KYC link to be deactivated after Jan 31: NHAI

Jan 15, 2024

New Delhi, Jan 15 (IANS) The National Highways Authority of India (NHAI) on Monday said that FASTags with incomplete KYC will be deactivated or blacklisted by banks after January 31, as part of its move to enhance efficiency of the…

Business

Motilal Oswal recommends buy for HCL Tech, neutral stance on Wipro

Jan 15, 2024

Chennai, Jan 15 (IANS) Broking company Motilal Oswal Financial Services Ltd has recommended that investors buy shares of HCL Technologies Ltd (HCLT) while remaining neutral on Wipro Ltd’s shares.According to Motilal Oswal, a buy…

Business

Wholesale price inflation rises to 9-month high in Dec

Jan 15, 2024

New Delhi, Jan 15 (IANS) India’s inflation rate based on the Wholesale Price Index (WPI) rose to a nine-month high of 0.73 per cent for December 2023 up from 0.26 in November, official data released on Monday showed.The country’s WPI-based…

Business

Yes Bank makes biggest market cap gain among banks in Q4 2023

Jan 15, 2024

New Delhi, Jan 15 (IANS) Yes Bank posted the highest percentage increase in market capitalization among Indian banks in the quarter ended December 31, 2023. Market capitalization for the lender rose 24.4 per cent to Rs 616.94 billion from…

Business

Artificial intelligence to affect 40% of jobs globally: IMF

Jan 15, 2024

San Francisco, Jan 15 (IANS) Artificial intelligence (AI) will affect nearly 40 per cent of all jobs around the world, according to a new analysis by the International Monetary Fund (IMF). "In most scenarios, AI will likely worsen overall…

Business

Mutual fund redemptions increased 39% in 2023

Jan 15, 2024

New Delhi, Jan 15 (IANS) Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal Financial…

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