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IndiaTV Business: Google News Feed: Digest for March 01, 2024

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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.
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.

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.
As the Aadhaar card continues to play a vital role in identity verification in India, non-resident Indians (NRIs) can also avail themselves of this document, although it may not be obligatory while residing abroad. However, possessing an Aadhaar card can simplify numerous processes upon returning to India or for extended stays, including banking, property rental, and government transactions.
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.
As the Aadhaar card continues to play a vital role in identity verification in India, non-resident Indians (NRIs) can also avail themselves of this document, although it may not be obligatory while residing abroad. However, possessing an Aadhaar card can simplify numerous processes upon returning to India or for extended stays, including banking, property rental, and government transactions.
Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
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.
As the Aadhaar card continues to play a vital role in identity verification in India, non-resident Indians (NRIs) can also avail themselves of this document, although it may not be obligatory while residing abroad. However, possessing an Aadhaar card can simplify numerous processes upon returning to India or for extended stays, including banking, property rental, and government transactions.
Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
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.
As the Aadhaar card continues to play a vital role in identity verification in India, non-resident Indians (NRIs) can also avail themselves of this document, although it may not be obligatory while residing abroad. However, possessing an Aadhaar card can simplify numerous processes upon returning to India or for extended stays, including banking, property rental, and government transactions.
Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
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.
As the Aadhaar card continues to play a vital role in identity verification in India, non-resident Indians (NRIs) can also avail themselves of this document, although it may not be obligatory while residing abroad. However, possessing an Aadhaar card can simplify numerous processes upon returning to India or for extended stays, including banking, property rental, and government transactions.
Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
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.
As the Aadhaar card continues to play a vital role in identity verification in India, non-resident Indians (NRIs) can also avail themselves of this document, although it may not be obligatory while residing abroad. However, possessing an Aadhaar card can simplify numerous processes upon returning to India or for extended stays, including banking, property rental, and government transactions.
Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
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