On February 12, the Reserve Bank of India (RBI) placed restrictions on new investments in NBFCs from countries red-flagged through the Financial Action Task Force (FATF). The statement published by RBI authorities, on the banking regulator’s official website, that features the list of FATF on high-risk countries or whose name does not appear in the […]
Category Archives: Business
12
Feb
Feb
In the 8th edition of the Mobile Broadband India Traffic Index (MBIT) 2021, recently Nokia released the description related to the mobile broadband performance in the country. As per the report, it is highlighted that year over year the data traffic has heightened by 36% in 2020. Addition of millions of new 4G subscribers around […]
11
Feb
Feb
CEO of Serum Institute of India ltd., Adar Poonawalla, who is considered as the vaccine king will acquire 60% stake by spending 32.1 Billion INR in Magma Fincorp. The Magma Fincorp is Kolkata-based Indian financer for vehicles and homes, founded in 1988 by Mayank Poddar and Sanjay Chamria. In the regulatory filing Magma Fincorp expressed […]
11
Feb
Feb
After Tesla, the social media platform Twitter Inc. bitcoin on its balance sheet, Twitter has not made any changes yet, Twitter’s, CFO, Ned Segal, told CNBC on Wednesday. In an interview with CNBC Ned Segal said, “Twitter had considered how it might pay vendors or staff using bitcoin, should they ask to transact using the […]
10
Feb
Feb
Prakash Javadekar, the Minister of Information and Broadcasting, and a member of the Bhartiya Janata Party (BJP) stated that a lot of suggestions and complaints on the regulation of OTTs have been received by people. The minister also added in his brief suggestion, “Guidelines and directions are almost ready, and will be soon implemented.” On […]
09
Feb
Feb
On February 5th, a contract for $43 billion to build the World’s largest offshore farm by 2030 has been signed by South Korean President Moon-Jae-in during a ceremony. The power generated by the offshore installation of 8.2GW would be equal to six nuclear reactors, or the effects of planting 71 million pine trees. “With this project, we are […]
09
Feb
Feb
The electric car maker, Tesla Inc. announced on 8th February 2021, the largest cryptocurrency investment of $1.5 billion. After the announcement, Bitcoin hit a new record above $47,000 on Tuesday. Tesla also said, “It will start accepting the digital token as a form of payment for its products”, which would mark the company, the first-ever […]
09
Feb
Feb
In the set of the COVID-19 pandemic, Union Budget 2021-2022 showcased flexibility. The budget made a reckless effort to make sense of the lessons learned from the unremarkable global health crisis. Finance Ministry has confirmed that this is the first time in history to announce a paperless budget due to COVID-19. The government had first […]
08
Feb
Feb
The new government policy of India focuses on the privatization of non-core sectors, the government strongly plans to shrink the number of Public Sector Undertakings (PSUs). The count of Public Sector Undertakings that will be reduced to two dozen is over 300. The government will privatize the non-core sector and at the same time, there […]