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Category: News Type
India regulator asks Paytm to reapply for payment aggregator licenceThe company said it does not expect the delay in securing the licence to impact it…
India’s banking regulator has declined a payment aggregator licence for the One 97 Communications Ltd unit that owns the popular Paytm brand, asking it to reapply within 120 days after meeting certain conditions. The regulator asked Paytm Payments Services Ltd, a 100% subsidiary of One 97 Communications, to reapply after getting the necessary approvals for… Continue reading India regulator asks Paytm to reapply for payment aggregator licenceThe company said it does not expect the delay in securing the licence to impact it…
InnoVen, Stride invest in RenewBuy and India deals worth $127m
Insurtech startup RenewBuy has raised about $8.3 million (Rs 68 crore) in debt funding from InnoVen Capital and Stride Ventures. According to a report in Entrackr, the board at Renewbuy has passed a special resolution to issue 6,000 non-convertible debentures(NCDs) at an issue price of Rs 1,00,000 each and 11,910 CCPS at an issue price of… Continue reading InnoVen, Stride invest in RenewBuy and India deals worth $127m
BOJ to conduct survey on climate finance annually to nurture ESG market
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country’s growing climate finance market. An initial survey in August showed “strong demand” in Japan for “green” bonds and other environmental, social and governance (ESG) debt instruments, Amamiya said. Some respondents said they faced challenges in obtaining… Continue reading BOJ to conduct survey on climate finance annually to nurture ESG market
Binance CEO Changpeng Zhao says don’t fight crypto, regulate it
Binance Chief Executive Officer Changpeng Zhao said on Friday regulation rather than opposition of the crypto sector is a better option for world governments as digital currencies become more mainstream. Regulation of crypto currencies has come into sharp focus following the collapse of several platforms, culminating in the crash of the FTX currency exchange earlier this month. “I think most governments now… Continue reading Binance CEO Changpeng Zhao says don’t fight crypto, regulate it
Foreign portfolio investors flock to Indian market; buy shares worth Rs 31,630 crore in November
NEW DELHI: Foreign portfolio investors have rediscovered their liking for Indian equities, making a net investment of Rs 31,630 crore in November on hopes of an end to the aggressive rate hikes, and positivity about overall macroeconomic trends. According to experts, after remaining net sellers in August and September, Foreign Portfolio Investors (FPIs) are unlikely… Continue reading Foreign portfolio investors flock to Indian market; buy shares worth Rs 31,630 crore in November
Address supply chain shocks if you wish to rein in inflation: Analysts
New Delhi: Raising interest rates to control demand and inflation is not the right solution, as high prices are influenced mainly by supply chain shocks, analysts say. Global production and supplies were impacted due to the Coronavirus-induced lockdowns between 2020-21 and 2021-22, and now with the Russia-Ukraine war and the sanctions imposed on Russia, supplies… Continue reading Address supply chain shocks if you wish to rein in inflation: Analysts
Twitter new user signups at an ‘all-time high,’ says Elon Musk
A month after completing his takeover of Twitter, Elon Musk says new user signups are at an “all-time high.” On Saturday evening, the billionaire shared a slide deck that details the current state of Twitter and his vision for the platform. As of November 16th, Twitter was adding more than 2 million new users per… Continue reading Twitter new user signups at an ‘all-time high,’ says Elon Musk
Hitting the Books: Social media’s long, pointless war against sex on the internet
From the moment that people started getting nasty with Johannes Gutenberg’s newfangled printing press, sexually explicit content has led the way towards wide-scale adoption of mass communication technologies. But with every advance in methodology has invariably come a backlash — a moral panic here, a book burning there, the constant uncut threat of mass gun… Continue reading Hitting the Books: Social media’s long, pointless war against sex on the internet
New Morgan Super 3 revealed as Ford-powered 3 Wheeler successor
Morgan is bringing its iconic 3 Wheeler into the modern age with this: the Super 3. The new car swaps the previous version’s V-twin motorcycle engine for a 1.5-litre three-cylinder Ford engine with almost 50 per cent more power, and it’s the first ever Morgan built using a monocoque chassis. The Super 3 is on sale… Continue reading New Morgan Super 3 revealed as Ford-powered 3 Wheeler successor