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होम » Breaking Briefs

Breaking Briefs

RBI cautions public on KYC frauds

The central bank has urged the the public to show caution and due care to prevent loss and safeguard themselves from such malicious practices
Sebi proposes revamping nomination process

The regulator proposed revisions to nomination facilities for securities such as shares, bonds, units of REITs, InvITs, AIFs and other securities held in dematerialized form
Investors have no voting rights on CEO change: Byju’s

At least six BYJU's investors have called for an EGM to address issues at the edtech major and oust founders from having control over the firm
Revving loudly: Automakers end January with record sales

The three biggest manufacturers, Maruti Suzuki, Tata Motors and Hyundai Motor India notched up high sales figures in the first month of the calendar year.
RBI action against Paytm Payments Bank creates flutter in fintech industry

Several investors and people who founded fintech entities have expressed concern that the central bank’s step might have been too harsh which might impact innumerable consumers and the business
White paper on pre-2014 ‘mismanagement’ soon, says FM

The government will present a white paper on the economy on the table of the house, so that it can be known "where we were till 2014 and where we are now"
RBI order to have Rs 500-cr impact: Paytm

The action against Paytm Payments Bank Ltd followed a comprehensive system audit report and subsequent compliance validation report of external auditors
Now, update FASTag KYC by Feb 29

Only 7 lakh multiple FASTags have been closed out of 1.27 crore. Hence, the extension by another month
PM advisors urge comprehensive control and strictest regulation for AI

The EAC-PM has also urged for providing manual "overrides" and "authorisation chokepoints" with a crucial role for a specialist regulator and emphasising accountability and transparency
IMF revises India’s GDP forecast upwards on better demand

The multilateral funding agency stated that the country’s economy could grow by 6.7% in FY24 – a good 40 basis points higher than the 6.3% predicted by it in October last year

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