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IndiaTV Business: Google News Feed: Digest for February 29, 2024

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A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
PM Kisan Samman Nidhi Yojana: In a significant update for farmers across India, the 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) is set to be released today. This instalment, amounting to Rs. 2,000, marks another step in the government's ongoing efforts to support small and marginal farmers.
As the deadline set by the National Highways Authority of India (NHAI) looms, FASTag users are reminded to update their Know Your Customer (KYC) details by February 29, 2024, to prevent potential deactivation or blacklisting of their accounts. NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and discourage the misuse of FASTags. Significance of timely KYC updates NHAI underscored the importance of prompt KYC updates to ensure seamless toll payment experiences on national highways, emphasising the need for compliance before the deadline. Consequences of non-compliance Failure to update FASTag KYC details by the deadline could result in account deactivation or blacklisting by the bank, leading to inconvenience and delays at toll plazas during travel. How to update FASTag KYC Updating FASTag KYC is a straightforward process: Visit the IHMCL customer portal: https://fastag.ihmcl.com Log in using your registered mobile number and password or OTP for verification. Access your profile and select "My Profile" from the dashboard menu. Check your KYC status on the profile page and follow the instructions to update if necessary. NHAI's initiative to enhance compliance NHAI reiterated its commitment to promoting compliance with KYC norms, aiming to deter the use of a single FASTag for multiple vehicles or associating multiple FASTags with one vehicle, in line with RBI guidelines. Encouraging adherence to KYC process FASTag users are encouraged to complete the KYC process for their latest FASTag, aligning with RBI guidelines and NHAI's efforts to enhance toll payment efficiency and transparency.   Also read | PM Kisan 16th instalment date announced: PM Modi to release funds; check beneficiary list, eKYC mandatory  
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
PM Kisan Samman Nidhi Yojana: In a significant update for farmers across India, the 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) is set to be released today. This instalment, amounting to Rs. 2,000, marks another step in the government's ongoing efforts to support small and marginal farmers.
As the deadline set by the National Highways Authority of India (NHAI) looms, FASTag users are reminded to update their Know Your Customer (KYC) details by February 29, 2024, to prevent potential deactivation or blacklisting of their accounts. NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and discourage the misuse of FASTags. Significance of timely KYC updates NHAI underscored the importance of prompt KYC updates to ensure seamless toll payment experiences on national highways, emphasising the need for compliance before the deadline. Consequences of non-compliance Failure to update FASTag KYC details by the deadline could result in account deactivation or blacklisting by the bank, leading to inconvenience and delays at toll plazas during travel. How to update FASTag KYC Updating FASTag KYC is a straightforward process: Visit the IHMCL customer portal: https://fastag.ihmcl.com Log in using your registered mobile number and password or OTP for verification. Access your profile and select "My Profile" from the dashboard menu. Check your KYC status on the profile page and follow the instructions to update if necessary. NHAI's initiative to enhance compliance NHAI reiterated its commitment to promoting compliance with KYC norms, aiming to deter the use of a single FASTag for multiple vehicles or associating multiple FASTags with one vehicle, in line with RBI guidelines. Encouraging adherence to KYC process FASTag users are encouraged to complete the KYC process for their latest FASTag, aligning with RBI guidelines and NHAI's efforts to enhance toll payment efficiency and transparency.   Also read | PM Kisan 16th instalment date announced: PM Modi to release funds; check beneficiary list, eKYC mandatory  
Amazon Pay, the digital payments division of e-commerce giant Amazon India, has been granted a Payment Aggregator (PA) license by the Reserve Bank of India (RBI), marking a significant milestone for the fintech sector. This accreditation enables Amazon Pay to join a select group of companies, including Zomato, Google Pay, Zoho, and others, authorised to offer online merchant payment services to customers.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
PM Kisan Samman Nidhi Yojana: In a significant update for farmers across India, the 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) is set to be released today. This instalment, amounting to Rs. 2,000, marks another step in the government's ongoing efforts to support small and marginal farmers.
As the deadline set by the National Highways Authority of India (NHAI) looms, FASTag users are reminded to update their Know Your Customer (KYC) details by February 29, 2024, to prevent potential deactivation or blacklisting of their accounts. NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and discourage the misuse of FASTags. Significance of timely KYC updates NHAI underscored the importance of prompt KYC updates to ensure seamless toll payment experiences on national highways, emphasising the need for compliance before the deadline. Consequences of non-compliance Failure to update FASTag KYC details by the deadline could result in account deactivation or blacklisting by the bank, leading to inconvenience and delays at toll plazas during travel. How to update FASTag KYC Updating FASTag KYC is a straightforward process: Visit the IHMCL customer portal: https://fastag.ihmcl.com Log in using your registered mobile number and password or OTP for verification. Access your profile and select "My Profile" from the dashboard menu. Check your KYC status on the profile page and follow the instructions to update if necessary. NHAI's initiative to enhance compliance NHAI reiterated its commitment to promoting compliance with KYC norms, aiming to deter the use of a single FASTag for multiple vehicles or associating multiple FASTags with one vehicle, in line with RBI guidelines. Encouraging adherence to KYC process FASTag users are encouraged to complete the KYC process for their latest FASTag, aligning with RBI guidelines and NHAI's efforts to enhance toll payment efficiency and transparency.   Also read | PM Kisan 16th instalment date announced: PM Modi to release funds; check beneficiary list, eKYC mandatory  
Amazon Pay, the digital payments division of e-commerce giant Amazon India, has been granted a Payment Aggregator (PA) license by the Reserve Bank of India (RBI), marking a significant milestone for the fintech sector. This accreditation enables Amazon Pay to join a select group of companies, including Zomato, Google Pay, Zoho, and others, authorised to offer online merchant payment services to customers.
London: Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain's King Charles III "for services to UK and India business relations". Mittal received a KBE under the Most Excellent Order of the British Empire – one of the highest honours conferred by a British monarch.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
PM Kisan Samman Nidhi Yojana: In a significant update for farmers across India, the 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) is set to be released today. This instalment, amounting to Rs. 2,000, marks another step in the government's ongoing efforts to support small and marginal farmers.
As the deadline set by the National Highways Authority of India (NHAI) looms, FASTag users are reminded to update their Know Your Customer (KYC) details by February 29, 2024, to prevent potential deactivation or blacklisting of their accounts. NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and discourage the misuse of FASTags. Significance of timely KYC updates NHAI underscored the importance of prompt KYC updates to ensure seamless toll payment experiences on national highways, emphasising the need for compliance before the deadline. Consequences of non-compliance Failure to update FASTag KYC details by the deadline could result in account deactivation or blacklisting by the bank, leading to inconvenience and delays at toll plazas during travel. How to update FASTag KYC Updating FASTag KYC is a straightforward process: Visit the IHMCL customer portal: https://fastag.ihmcl.com Log in using your registered mobile number and password or OTP for verification. Access your profile and select "My Profile" from the dashboard menu. Check your KYC status on the profile page and follow the instructions to update if necessary. NHAI's initiative to enhance compliance NHAI reiterated its commitment to promoting compliance with KYC norms, aiming to deter the use of a single FASTag for multiple vehicles or associating multiple FASTags with one vehicle, in line with RBI guidelines. Encouraging adherence to KYC process FASTag users are encouraged to complete the KYC process for their latest FASTag, aligning with RBI guidelines and NHAI's efforts to enhance toll payment efficiency and transparency.   Also read | PM Kisan 16th instalment date announced: PM Modi to release funds; check beneficiary list, eKYC mandatory  
Amazon Pay, the digital payments division of e-commerce giant Amazon India, has been granted a Payment Aggregator (PA) license by the Reserve Bank of India (RBI), marking a significant milestone for the fintech sector. This accreditation enables Amazon Pay to join a select group of companies, including Zomato, Google Pay, Zoho, and others, authorised to offer online merchant payment services to customers.
London: Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain's King Charles III "for services to UK and India business relations". Mittal received a KBE under the Most Excellent Order of the British Empire – one of the highest honours conferred by a British monarch.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
PM Kisan Samman Nidhi Yojana: In a significant update for farmers across India, the 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) is set to be released today. This instalment, amounting to Rs. 2,000, marks another step in the government's ongoing efforts to support small and marginal farmers.
As the deadline set by the National Highways Authority of India (NHAI) looms, FASTag users are reminded to update their Know Your Customer (KYC) details by February 29, 2024, to prevent potential deactivation or blacklisting of their accounts. NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and discourage the misuse of FASTags. Significance of timely KYC updates NHAI underscored the importance of prompt KYC updates to ensure seamless toll payment experiences on national highways, emphasising the need for compliance before the deadline. Consequences of non-compliance Failure to update FASTag KYC details by the deadline could result in account deactivation or blacklisting by the bank, leading to inconvenience and delays at toll plazas during travel. How to update FASTag KYC Updating FASTag KYC is a straightforward process: Visit the IHMCL customer portal: https://fastag.ihmcl.com Log in using your registered mobile number and password or OTP for verification. Access your profile and select "My Profile" from the dashboard menu. Check your KYC status on the profile page and follow the instructions to update if necessary. NHAI's initiative to enhance compliance NHAI reiterated its commitment to promoting compliance with KYC norms, aiming to deter the use of a single FASTag for multiple vehicles or associating multiple FASTags with one vehicle, in line with RBI guidelines. Encouraging adherence to KYC process FASTag users are encouraged to complete the KYC process for their latest FASTag, aligning with RBI guidelines and NHAI's efforts to enhance toll payment efficiency and transparency.   Also read | PM Kisan 16th instalment date announced: PM Modi to release funds; check beneficiary list, eKYC mandatory  
Amazon Pay, the digital payments division of e-commerce giant Amazon India, has been granted a Payment Aggregator (PA) license by the Reserve Bank of India (RBI), marking a significant milestone for the fintech sector. This accreditation enables Amazon Pay to join a select group of companies, including Zomato, Google Pay, Zoho, and others, authorised to offer online merchant payment services to customers.
London: Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain's King Charles III "for services to UK and India business relations". Mittal received a KBE under the Most Excellent Order of the British Empire – one of the highest honours conferred by a British monarch.
Reliance Industries Limited, Viacom 18 and the Walt Disney Company on Wednesday announced the signing of binding definitive agreements to form a joint venture that will combine the businesses of Viacom18 and Star India. This joint venture will become one of the leading TV and digital streaming platforms for entertainment and sports content in India, bringing together iconic media assets across both sectors.
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