One of India’s most popular online payment applications, Google Pay (GPay) announced that it has reached 850 million transactions per month. Ambarish Kenghe, Vice President stated that google pay is making changes to make sure that users can manage their data and privacy with more control. They will also be able to delete transaction records […]
Category Archives: Business
The finance ministry has asked the market regulator Sebi to withdraw its directive to mutual fund houses to consider additional in Tier I (AT-1) bonds as having a maturity of 100 years, citing the risk of market disruption and a negative effect on banks capital raising. According to the Basel III rules, AT-1 bonds are […]
Prices of LED TVs are set to rise further from April as the cost of open-cell panels has gone up in the global markets by up to 35 per cent in the past one month. Brands including Panasonic, Haier and Thomson are considering to increase prices from April this year, while some like LG have already […]
Following the enactment of the $1.9 trillion pandemic-relief bill, the US Treasury Secretary Janet Yellen stated that Americans would begin receiving $1,400 relief payments in their bank accounts this weekend. In an interview with NBC News on Thursday, Yellen said, “We’re working hard first to get the direct payments out.” She has vowed to speed […]
The 5G ban went into effect this week. The company requested not to be named since it was discussing nonpublic communications. The rules make the export of components such as semiconductors, antennas, and batteries for Huawei 5G devices, making the ban more universal among licensees. The US people are familiar with the move, the administration […]
The Pentagon revealed on Tuesday that it had signed two contracts worth more than $159 million with Elon Musk’s SpaceX space business. According to the agreements, SpaceX’s Falcon 9 rockets will launch two different flights, according to a statement from the US Department of Defense. The two contracts are worth $159.7 million and will be […]
The Reserve Bank of India has reached out to Google, the Digital Lenders Association (DLAI), fintech association FACE and several non-bank lenders for inputs on ways to regulate digital lenders. RBI’s working group on digital lending has sought details from Google on its criteria for onboarding fintech loan apps on its play store platform and […]
Shares of the electrical vehicle manufacturer, Tesla Inc., rose almost 20% on Tuesday, rebounding from a deep sale with its biggest daily gain during a year after data showed an increase in sales in China and the analyst lifted its stock rating. Tuesday’s Tesla rebound was followed by a 3.7 per cent rise in Nasdaq, […]
Rolls-Royce, a British aircraft engine manufacturer, reported that its net losses more than doubled to £3.2 billion last year, owing to the coronavirus pandemic, which caused thousands of company layoffs. According to the group, the loss after tax was $4.4 billion, or 3.7 billion euros, compared to a loss of £1.3 billion in 2019. Coronavirus […]
What else could lead to another flashpoint for India, the Chinese parliament on Thursday adopted a 14th five-year plan that thinks, among other billions of dollars’ worth projects, a powerful dam to build, against the Brahmaputra River in Tibet, near the Arunachal Pradesh border. India and Bangladesh, which are both low-lying regions, have been concerned […]