Business

08

Feb

By The Press Editor

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Business

RBI to introduce dedicated domains for banks, non-bank financial entities to reduce digital fraud – India TV

Image Source : PIXABAY The decision is aimed at enhancing trust in the financial sector. Amid the continuous rise in digital fraud, the Reserve Bank of India (RBI) on Friday said that it warrants actions by all stakeholders. While emphasising that the Central bank is taking various measures to enhance digital security in banking and payment systems, RBI Governor Sanjay Malhotra said that Indian banks will soon have exclusive internet domain name 'bank.in' and non-bank financial entities 'fin.in'. Malhotra said registrations for 'bank.in' will commence from April 2025, and going forward 'fin.in' will be introduced. The decision is aimed at…

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08

Feb

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Business

FD rates may come down -Here’s what investors can do – India TV

Image Source : PIXABAY Home, auto and other loans are likely to see a drop in interest rates. FD Rates after RBI repo rate cut: Reserve Bank of India Governor Sanjay Malhotra today announced a cut in the key benchmark rate. The Monetary Policy Committee (MPC), headed by Malhotra, has slashed the repo rate by 25 basis points to 6.25 per cent. This is the first cut in almost five years. This was the first reduction since May 2020 and the first revision after two-and-a-half years. This was the first MPC meeting of Sanjay Malhotra, who was appointed RBI Governor…

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08

Feb

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Business

HDFC Bank customers alert: UPI services will not be available on this day

Image Source : HDFC HDFC is conducting essential system maintenance. HDFC Bank customers alert: There is an important update for HDFC customers as its Unified Payments Interface (UPI) services will not be available for a couple of hours due to the scheduled system maintenance.  "We appreciate your understanding and cooperation as we work to enhance the efficiency of our services," the bank said. HDFC Bank customers alert: Scheduled downtime According to the bank, it is conducting essential system maintenance on February 8 2025 from 12 AM to 3 AM and therefore some services will be impacted during these three hours.…

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08

Feb

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Business

No, food delivery app Zomato is not being renamed

Image Source : PTI Shares of Zomato opened in green today. A lot of people are talking about food and grocery delivery major Zomato changing its name to Eternal. According to the information shared on Thursday, the company's board approved the changing of the name of Eternal.  "Our board has approved this change today and I request our shareholders to also support this change. If and when it is approved, our corporate website will transition from zomato.com to eternal.com. We will also change our stock ticker," Zomato Founder and CEO Deepinder Goyal said in a letter to shareholders. This left…

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08

Feb

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Business

PSU dividend stock: This company announces interim dividend of Rs 7

Image Source : FREEPIK The company has also announced the payment date. PSU stock to be in focus: Shares of state-owned Oil India Ltd (OIL) will be in focus when markets open on Monday as the company has announced its quarterly results for the quarter ending December 31, 2024 along with an interim dividend. The company has reported a 23 per cent drop in its third-quarter net profit as the price of crude oil produced and sold fell. Oil India dividend: Amount The board of the PSU has recommended an interim dividend of Rs 7 per share for the financial…

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08

Feb

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Business

New Income Tax Bill likely to be introduced in Lok Sabha next week – India TV

Image Source : PTI Union Finance Minister Nirmala Sitharaman in Parliament. New Income Tax Bill: Finance Minister Nirmala Sitharaman on Saturday said that she may introduce the new Income Tax Bill in the Lok Sabha next week. The new Bill, which will replace the six-decade-old I-T Act, has already been approved by the Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday. "Yesterday, the Cabinet cleared the New Income Tax proposal, I hope to have it introduced in the Lok Sabha in the coming week. Post that it will go to a committee," Sitharaman said in a media briefing…

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08

Feb

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Business

Infosys lays off over 300 freshers at Mysuru campus for not clearing internal assessment – India TV

Image Source : X Infosys lays off over 300 freshers Infosys has reportedly sacked over 300 freshers after they could not clear internal assessments. The freshers underwent foundational training at company's Mysuru campus and were laid off after failing thrice in the internal exam. Nascent Information Technology Employees Senate (NITES), IT employee union, claims that the numbers of laid off freshers is much higher. As per a PTI report, sources privy to the development said the number of affected freshers is just above 300. Infosys' statement In response to an email query, the Bengaluru-headquartered IT services company said, "At Infosys,…

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08

Feb

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Business

Worried about poor credit score? These 5 easy steps can help you improve it – India TV

Image Source : PIXABAY There are four main credit bureaus in India. Improve credit score: Credit score is an important factor when a lender approves your application for a loan or credit card. It not only decides whether your loan will be approved or rejected but is also an important facet of the process that decides the interest rate of your loan. The stronger the credit score, the better the interest rate you will get from the bank. Credit score There are four main credit bureaus in India - Credit Information Bureau (India) Limited (CIBIL), Equifax, Experian and CRIF Highmark.…

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08

Feb

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RBI gives nod for 156 vostro accounts with 26 banks for rupee trade – India TV

Image Source : PTI The Reserve Bank of India. In a significant step towards boosting bilateral trade in local currencies, the Reserve Bank of India (RBI) has approved 156 Special Rupee Vostro Accounts (SRVAs) across 26 Indian banks. These accounts have been opened by 123 correspondent banks from 30 trading partner countries with an aim to enable smoother trade settlements in rupees. Speaking about it the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada outlined the government’s efforts to promote the Indian rupee for cross-border trade. He further informed that the RBI has established local currency settlement…

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08

Feb

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Business

Check price-band, lot size, allotment date, GMP and other details – India TV

Image Source : PIXABAY The shares of Ajax Engineering are expected to be listed on February 17, 2025. Ajax Engineering IPO: Kedaara Capital-backed concrete equipment manufacturer Ajax Engineering Ltd's initial share-sale will open for public subscriptions soon. Ahead of that, the company said that it has mobilised over Rs 379 crore from anchor investors. According to a circular uploaded on BSE's website, SBI Mutual Fund (MF), Axis MF, HSBC MF, Edelweiss MF, ITI MF, Amundi Funds New Silk Road and Franklin Templeton Investment Funds are among the anchor investors who have been allocated shares. Ajax Engineering IPO: Issue period According…

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