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IndiaTV Business: Google News Feed: Digest for November 02, 2022

IndiaTV Business: Google News Feed

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Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
The prices of petrol and diesel have been slashed by 40 paise per litre and the new prices will be effective from 6 am on Tuesday.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
The prices of petrol and diesel have been slashed by 40 paise per litre and the new prices will be effective from 6 am on Tuesday.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back to demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Sriram Krishnan, an Indian-American technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back to demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Sriram Krishnan, an Indian-American technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.

Vetsa Ramakrishna Gupta takes charge as BPCL's interim chief

Tuesday 01 November 2022 12:21 PM UTC+00
Vetsa Ramakrishna Gupta on Tuesday assumed additional charge as chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) -- the second 'Maharatna' oil PSU to get an interim head in the absence of a regular appointment. Gupta, Director (Finance) at BPCL, succeeds Arun Kumar Singh, who superannuated on October 31, a company statement said.
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back to demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Sriram Krishnan, an Indian-American technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.

Vetsa Ramakrishna Gupta takes charge as BPCL's interim chief

Tuesday 01 November 2022 12:21 PM UTC+00
Vetsa Ramakrishna Gupta on Tuesday assumed additional charge as chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) -- the second 'Maharatna' oil PSU to get an interim head in the absence of a regular appointment. Gupta, Director (Finance) at BPCL, succeeds Arun Kumar Singh, who superannuated on October 31, a company statement said.
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back to demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Sriram Krishnan, an Indian-American technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.

Vetsa Ramakrishna Gupta takes charge as BPCL's interim chief

Tuesday 01 November 2022 12:21 PM UTC+00
Vetsa Ramakrishna Gupta on Tuesday assumed additional charge as chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) -- the second 'Maharatna' oil PSU to get an interim head in the absence of a regular appointment. Gupta, Director (Finance) at BPCL, succeeds Arun Kumar Singh, who superannuated on October 31, a company statement said.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back to demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Sriram Krishnan, an Indian-American technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.

Vetsa Ramakrishna Gupta takes charge as BPCL's interim chief

Tuesday 01 November 2022 12:21 PM UTC+00
Vetsa Ramakrishna Gupta on Tuesday assumed additional charge as chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) -- the second 'Maharatna' oil PSU to get an interim head in the absence of a regular appointment. Gupta, Director (Finance) at BPCL, succeeds Arun Kumar Singh, who superannuated on October 31, a company statement said.
Fintech companies are financial service companies that use technology, specifically Artificial Intelligence to reach out to consumers who need financial assistance, even as to enable the vision of start-up India. Today, it comes as no surprise that we can get instant loans, make payments smoothly all because the accounts are linked and enable ease of access through digitization. While net banking laid the foundation for it, fintech have truly grown leaps and bounds in the past few years and has cut down the visits to traditional banks. Here is a few well-known fintech that has changed the way money transactions occur, and have made payment solutions truly seamless.
The government on Tuesday cut the windfall tax on domestically produced crude oil while increasing the rate of export of diesel and jet fuel (ATF) in line with the rise in international oil prices. The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC), was cut to Rs 9,500 per tonne from Rs 11,000, beginning November 2, a government notification showed.
Twitter's new boss Elon Musk, on Tuesday, once again proposed a monthly subscription-based blue verification badge 'blue tick' facility for users on the microblogging site with exclusive features.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Petrol, diesel prices: With a drop in the prices of 19 kg commercial LPG cylinders, there were hopes that the fuel rates will also be slashed in the country. 
Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back to demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Sriram Krishnan, an Indian-American technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.

Vetsa Ramakrishna Gupta takes charge as BPCL's interim chief

Tuesday 01 November 2022 12:21 PM UTC+00
Vetsa Ramakrishna Gupta on Tuesday assumed additional charge as chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) -- the second 'Maharatna' oil PSU to get an interim head in the absence of a regular appointment. Gupta, Director (Finance) at BPCL, succeeds Arun Kumar Singh, who superannuated on October 31, a company statement said.
Fintech companies are financial service companies that use technology, specifically Artificial Intelligence to reach out to consumers who need financial assistance, even as to enable the vision of start-up India. Today, it comes as no surprise that we can get instant loans, make payments smoothly all because the accounts are linked and enable ease of access through digitization. While net banking laid the foundation for it, fintech have truly grown leaps and bounds in the past few years and has cut down the visits to traditional banks. Here is a few well-known fintech that has changed the way money transactions occur, and have made payment solutions truly seamless.
The government on Tuesday cut the windfall tax on domestically produced crude oil while increasing the rate of export of diesel and jet fuel (ATF) in line with the rise in international oil prices. The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC), was cut to Rs 9,500 per tonne from Rs 11,000, beginning November 2, a government notification showed.
Twitter's new boss Elon Musk, on Tuesday, once again proposed a monthly subscription-based blue verification badge 'blue tick' facility for users on the microblogging site with exclusive features.
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