This is the starting point since eventually recurring payments will happen via UPI and these applications will be ready to process those transactions. The Reserve Bank of India gave a go-ahead for recurring transactions on UPI up to Rs 2000 in January this year. Bankers believe this will soon be expanded beyond Rs 2000, once the system stabilises. … [Read more...] about EXCLUSIVE: Recurring payments on UPI set to start; payment apps boost tie-ups with lending platforms for EMIs
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Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived at in six cases while liquidation orders were passed against two companies. In two companies, resolution has happened but banks have not received payment. Beside, in the case of another company, the resolution plan failed and hence the process has been restarted, a report by CARE rating agency said. … [Read more...] about What does the IBC data tell us about the state of Indian economy?
Henry devoured and aced Harvard’s infamous economics course in summer 2019. Unlike many students, he’s continued with intensive daily sessions and homework, as he attends a school with highly focused instruction. His role at Buttonsmith is tricky at the moment, because, as he says, “It’s much harder to do strategic planning when you don’t know what’s going to happen two weeks from now.” (Henry’s step-brother, Alex, is not a Buttonsmith employee but is currently plotting to study toward an early bachelor’s degree online during isolation—he’s 15. It runs in the family.) … [Read more...] about A 17-year-old’s business made millions on Amazon. Now it’s pivoting to masks
Sanofi will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron , the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth. … [Read more...] about Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
A top home ministry functionary told the news channel that the next phase will be a “lockdown extension in spirit”, and said that most of the focus would be on 11 cities that account for nearly 70 percent of the COVID-19 cases in the country. … [Read more...] about Lockdown extension | Centre likely to extend Coronavirus lockdown till June 15: Report