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Category: Business Updates

Business Updates

Deadline for mandatory use of Aadhaar-based payment for MGNREGS not to be extended beyond August 31

December 31, 2020By businessreputationdata

The deadline for implementing Aadhaar-based payment system as the only mode of payment to workers under national rural job guarantee scheme MGNREGS will not be extended beyond August 31, PTI reported quoting government sources.

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Business Updates

Centre should partner with foreign govts, form global body on AI regulation: TRAI

December 31, 2020By businessreputationdata

The reliance on imported crude in the first quarter (Q1) of the current financial year (FY24) was also higher than the previous fiscal’s 87.4 per cent–the highest-ever for a full year.

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Business Updates

India can aim for 8-fold expansion of economy; MDBs have last chance to address global issues: Lawrence Summers

December 29, 2020By businessreputationdata

When asked whether new MDBs could be formed especially to deal with issues such as climate change, Summers said his advice to the existing multilateral institutions would be to move dramatically in that direction.

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Business Updates

RBI includes PM Vishwakarma under PIDF scheme; extends tenure of scheme by another two years

December 28, 2020By businessreputationdata

As per the original plan, the tenure of PIDF scheme was fixed for three years till December 2023.

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Business Updates

India sees 7% drop in gold demand in April-June qtr due to record high prices: WGC

December 28, 2020By businessreputationdata

Gold imports saw a 16 per cent jump to 209 tonnes during Q2 of 2023, from the year-ago period on account of stocking, WGC said in its latest report released on Tuesday.

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Business Updates

Rupee settles 1 paisa higher at 83.37 against US dollar

December 26, 2020By businessreputationdata

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) is scheduled to begin its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on December 8.

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Business Updates

Weaker rupee bumped up India’s H1 oil import bill by Rs 25,000 crore

December 25, 2020By businessreputationdata

Rupee depreciation also negatively impacted petroleum product imports in value terms, but its positive effect on value of petroleum product exports from India partly offset the hit to the country’s overall oil and petroleum product trade in the first half of FY24.

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Business Updates

Card & internet frauds rise sharply: RBI data

December 22, 2020By businessreputationdata

On the other hand, based on the date of occurrence of frauds, the average amount involved in frauds declined during the first half of 2023-24, with the number of cases concentrated in card or internet related frauds.

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Business Updates

Groww glitch: Clients demand compensation as trading platform faces outage

December 21, 2020By businessreputationdata

Acknowledging the complaints, the financial service platform later informed about a technical glitch amid calls for refunds.

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Business Updates

Bandhan Bank Q1 profit slips 19% to Rs 721 crore

December 20, 2020By businessreputationdata

The compliance burden on listed companies is set to increase from Saturday as capital markets regulator Sebi has put in place a stricter timeline for disclosure of material events or information by them.

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