Sebi issues administrative warning to Paytm over related-party transactions with PPBL
Market regulator Sebi has issued administrative warning to One 97 Communications, the parent company of Paytm, the company informed stock exchanges late evening on July...
South Indian Bank appoints Dolphy Jose as wholetime director
Thrissur-based South Indian Bank today announced the appointment of Dolphy Jose as Whole-time Director (Executive Director) of the Bank with immediate effect. Jose is an...
BoB to offer 7.25%launches BoB monsoon dhamaka deposit scheme
Bank of Baroda today announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates. The bob...
Kotak Mahindra CEO says bank has more to do on technology front, committed to further enhancing resources
Kotak Mahindra Bank (KMB) Managing Director and Chief Executive Officer Ashok Vaswani acknowledged that the bank needs to do more the technology-front and said the...
Softbank exits Paytm at loss of around $150 million
Japan's Softbank investment arm, Softbank Vision Fund, exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the...
BNW Morning Brief: Top Headlines of the week
Top headlines of the week from Biznewsweek
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.
RBI deputy governor Patra says price stability key for growth
The RBI has kept the interest rates steady for eight consecutive monetary policies citing persisting risks to inflation.
Morning News Brief| RBI allows residents to open foreign currency accounts in Gift City
Previously, Indian residents planning to invest abroad were required to open bank accounts in foreign jurisdictions before accessing global equity markets. Similarly, parents financing their children’s foreign education had to initiate the process of opening a foreign bank account.
RBI cautions banks on management of internal accounts
Swaminathan urged CFOs to invest in technology and data analytics which would empower them to provide more accurate and real-time financial insights.