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IndiaTV Business: Google News Feed: Digest for November 03, 2022

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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.

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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 

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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 

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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 
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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 

Air Asia sells remaining stake in India operations to Air India

Wednesday 02 November 2022 01:15 PM UTC+00
Air Asia sells stake to Air India: Air Asia Aviation Group Limited has decided to sell its remaining stake in India operations to Tata-led Air India. As per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited, a subsidiary of Tata Sons Private Limited. 
RBI E-Rupee CBDC: The RBI will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself, governor Shaktikanta Das said on Wednesday.
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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 

Air Asia sells remaining stake in India operations to Air India

Wednesday 02 November 2022 01:15 PM UTC+00
Air Asia sells stake to Air India: Air Asia Aviation Group Limited has decided to sell its remaining stake in India operations to Tata-led Air India. As per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited, a subsidiary of Tata Sons Private Limited. 
RBI E-Rupee CBDC: The RBI will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself, governor Shaktikanta Das said on Wednesday.
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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 

Air Asia sells remaining stake in India operations to Air India

Wednesday 02 November 2022 01:15 PM UTC+00
Air Asia sells stake to Air India: Air Asia Aviation Group Limited has decided to sell its remaining stake in India operations to Tata-led Air India. As per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited, a subsidiary of Tata Sons Private Limited. 
RBI E-Rupee CBDC: The RBI will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself, governor Shaktikanta Das said on Wednesday.
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.

Bank holidays in November 2022 - Full list

Wednesday 02 November 2022 05:29 AM UTC+00
Bank holidays in November 2022: Banking operations will remain restricted on certain days in the month of November, as per the details shared by the Reserve Bank of India (RBI). It should be noted that online banking services will continue to function regardless of bank holidays. 

Air Asia sells remaining stake in India operations to Air India

Wednesday 02 November 2022 01:15 PM UTC+00
Air Asia sells stake to Air India: Air Asia Aviation Group Limited has decided to sell its remaining stake in India operations to Tata-led Air India. As per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited, a subsidiary of Tata Sons Private Limited. 
RBI E-Rupee CBDC: The RBI will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself, governor Shaktikanta Das said on Wednesday.
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