RBI allows banks and NBFC to grant joint loans to the priority sector: The Reserve Bank of India (RBI) said on November 5 that banks and non-bank finance companies (NBFC) could co-originate loans to the priority sector. Under this, banks can jointly lend with all registered NBFCs (including HFCs) based …
Read More »WhatsApp Pay from Facebook to start in India. How you can revolutionize the payment market
Facebook has been testing WhatsApp payments in India for years India allowed Facebook Inc. to start operating its WhatsApp payments service in the world’s largest open technology market. WhatsApp Pay can be activated through the homegrown multi-bank unified payments interface, the National Payments Corporation of India said in a statement …
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Read More »In reboot mode: Maharashtra green-lit cinemas reopening is ‘kind of a lifesaver’ – bollywood
Finally, the government of Maharashtra has given the green light to the opening of cinemas in the state, starting Thursday, with a maximum occupancy of 50 percent. And that news has become “a kind of lifeline” for the film-showing industry. After all, the Mumbai circuit alone contributes 40 to 45 …
Read More »China’s power sector imports to face drastic cuts under the new Atmanirbhar Bharat plan
The Ministry of Energy is set to establish three manufacturing centers across the country to produce critical power and transmission equipment, which are currently imported in full from other countries, including China, under the Atmanirbhar Bharat plan announced by Prime Minister Narendra Modi. According to authorized government officials, the Indian …
Read More »Saudi Arabia Public Investment Fund to buy 2.04% in Reliance Retail for Rs 9,555 crore
Reliance Industries (RIL) announced Thursday that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), will invest 9,555 crore, or $ 1.3 billion, to buy a 2.04% stake in its retail arm. . This investment values Reliance Retail Ventures Limited (RRVL) at a pre-money capital value of Rs 4,587 …
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Read More »Indian-born man with a history of poverty to wealth enters Michigan House
When the first wife of businessman Shri Thanedar, born and raised in India, committed suicide in the United States in 1996, their two children, Neil and Samir, were only four and eight years old. Thanedar had emerged from a life of poverty in Belgaum and fought in Mumbai to become …
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