Mumbai, Mar 11 (PTI) The RBI on Friday asked Vijay Shekhar Sharma- promoted Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. This is the third time that Paytm Payments Bank is facing action from the banking regulator since its inception in May 2017. It has been prohibited [...]
New Delhi, Mar 11 (PTI) Telecom operator Bharti Airtel has selected three startups - Nuronics Labs, Enthu.Ai and Chimes Radio - for its accelerator programme, the company said on Friday.The startups were declared winners of the 'Airtel India Startup Innovation Challenge', organised in partnership with Invest India."The three winners of the competition will get access [...]
Mumbai, Mar 11 (PTI) The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.Non-oil exports are expected to be at USD 95.2 billion in Q4 FY22, with total merchandise outbound shipment exceeding USD 414 billion for FY [...]
New Delhi, Mar 11 (PTI) Implementation of QR-code based Geographical Indication (GI) tag for Kashmiri hand-knotted carpets will discourage their counterfeit production and enable buyers to identify authenticity of carpets produced in the union territory, an official said on Friday. The QR-code based mechanism has recently been introduced for the purpose of testing and certification [...]
Mumbai, Mar 11 (PTI) The nation's largest container port JNPT on Friday said it will invest around Rs 4,300 crore under the PM Gati Shakti project to develop the second phase of the fourth terminal and an SEZ. Addressing the media here, port trust chairman Sanjay Sethi said these projects will go a long way [...]
New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]
New Delhi, Mar 11 (PTI) Power Finance Corporation on Friday said it has paid Rs 886.97 crore as an interim dividend to the government for the financial year 2021-22.This is in addition to Rs 333 crore and Rs 370 crore paid as first and second interim dividend, respectively, earlier, Power Finance Corporation (PFC) said in [...]
Jammu, Mar 11 (PTI) The Jammu and Kashmir government has set up a honey processing unit in the winter capital of the Union Territory and registered 340 beekeepers of the Jammu division for the facility.KK Sharma, Director, Agriculture Production & Farmers Welfare, Jammu, inaugurated a 100 kilograms capacity unit established under the apiculture development scheme at [...]
New Delhi, Mar 11 (PTI) Edtech firm Unacademy expects to go public in the next couple of years and is looking to make its core business of test preparation profitable in the next 12 months, a top company official said on Friday. Unacademy Group co-founder and CEO Gaurav Munjal also said the company is looking [...]
New Delhi, Mar 11 (PTI) The Indian Renewable Energy Development Agency Ltd (IREDA) on Friday signed a pact with the Central Institute of Petrochemicals Engineering & Technology (CIPET) to provide techno-financial expertise for solarisation of its campuses. IREDA and CIPET function under the Ministry of New and Renewable Energy (MNRE) and the Ministry of Chemicals [...]
