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PoS machines, offline payment aggregators to come under RBI regulatory zone
Officials claim that the move would put companies such as Pine Labs, Innoviti Payments, Ezetap and MSwipe in the regulatory zone. These companies provide QR code terminals at offline merchants, PoS terminals and mobile payment terminals.
Money9May 19, 2023/2:36 PM IST -
Senior citizens pump up SCSS inflow; deposit Rs 10,000 cr in April
The amount is more than 300% of the average collection made by the scheme in the month of April, finance ministry officials said
Money9May 19, 2023/2:13 PM IST -
Buyers may be spared as ONDC plans charges to meet running cost
ONDC is planning two types of fees to meet its costs. One would be an annual registry fee for all network participants and the second a fee on all transations going through the network.
Money9May 19, 2023/11:36 AM IST -
Small investors to get a bigger say in their REIT, InVIT holdings
Sebi has floated the idea of self-sponsored REITs/InVits, along with allowing some unitholders the right to nominate their representatives on the board
Money9May 19, 2023/9:00 AM IST -
SGB returns outperform all other investments
Like mutual funds, these bonds are denominated in units. On selling them, instead of gold, the bonds are redeemed in cash according to their current value.
Devendra SharmaMay 19, 2023/8:20 AM IST -
Aadhar to aid insurance claim
Here are the top personal finance news of the day. Insurance regulator, IRDAI, has said insurance companies face difficulty in giving claims because they are not able to identify correct beneficiary of the policy. IRDA has directed insurers to use Aadhaar card of people to identify who is the correct beneficiary of the policy so […]
Money9May 19, 2023/8:00 AM IST -
Pricol moves CCI over Minda plan to buy 24.5% stake
RBI allows SBIFML to hike stake in HDFC Bank; Pricol moves CCI against Minda bid; Goldman Sachs cuts ESG exposure to Adani companies; Manyavar promoter to sell stake
Money9May 19, 2023/8:00 AM IST -
Electric two-wheelers to get expensive
The overall corpus of subsidies for them under FAME-2 will rise from Rs 2,000 crore to Rs 3,500 crore. Since 90% of EVs currently running on Indian roads are either 2 or 3 wheelers, the subsidy cut will have a substantial impact.
Money9May 18, 2023/8:03 PM IST -
One year down, India’s biggest IPO and share is a mega flop
The only listed entities that have eroded more value from the market than LIC are the Adani Group companies
Money9May 18, 2023/7:33 PM IST
