India’s fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka. Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka. In a post on X, the Indian High Commission in Sri Lanka stated, “Unlocking new frontiers in … Read more
The work on India’s third aircraft carrier, one of the long-cherished dreams of the Indian Navy, will start soon, as recently revealed by Defence Minister Rajnath Singh. Speaking with The Tribune, Defence Minister Singh said that India will soon start making its third aircraft carrier and emphasised that India will not stop at three aircraft carriers. He … Read more
Personal and Body care brand Nykaa made an outstanding debut on the Indian stock exchanges on Wednesday, with shares listing at a premium of up to 79 percent compared with the issue price. On Bombay Stock Exchange, the stock of FSN E-Commerce Ventures — the parent organisation of Nykaa — was listed on the secondary market at … Read more
PM Modi on Saturday chaired a meeting on the path ahead for managing the cryptocurrency sector where a consensus was reached on the Centre needing to take “progressive and forward-looking” steps while ensuring that an unregulated crypto market does not lead to “money laundering and terror financing”. The government will keep a close watch on … Read more
Shares in online payment platform giant PayTM fell as much as 26 % in their market debut, minutes after debuting on the stock market as India’s biggest ever Initial Public Offering (IPO). The shares opened for trading at ₹ 1,950 on the National Stock Exchange (NSE), at a decline of 9.3 per cent or ₹ 200 from its issue … Read more
Reliance Industries Ltd (RIL) and Saudi Aramco have mutually decided to re-evaluate the investment deal involving the O2C (Oil to Chemicals) business of the RIL considering the recent developments, according to reports. The deal under talks was worth $15 billion. The November 19 statement of RIL read, “Due to the evolving nature of Reliance’s business portfolio, … Read more
The union govt is reportedly going to table a Bill in the winter session of Parliament aiming to create a facilitative framework for the creation of official digital currency to be issued by the Reserve Bank of India (RBI). As per the description of the Bill available, the ‘The Cryptocurrency & Regulation of Official Digital Currency Bill, … Read more
The Indian government has announced that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is expected to be tabled in the Winter Session of Parliament. The bill will seek to create a framework for the official digital currency to be issued by the Reserve Bank of India. The bill looks to “prohibit certain private cryptocurrencies … Read more
omato prices are on the rise for almost two months now, which started to increase since the end of September. The rise in tomato prices was first caused by unseasonal rains in northern producing states of Punjab, Uttar Pradesh, Haryana and Himachal Pradesh, which led to damage of crops and delay of arrival of tomatoes … Read more
The Enforcement Directorate (ED) has summoned the top management of Amazon Inc. and Future Coupons Pvt Ltd. (FCPL) for questioning and verification of documents in connection with their August 2019 deal. The ED has summoned Amazon’s India head, Amit Agarwal, besides promoters of the Future Group to turn up next week at the New Delhi headquarters of … Read more