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Phone Pe to charge "100 quarterly fee on inactive wallet balances
9+ hour, 43+ min ago (318+ words) Digital payments major Phone Pe has begun notifying users that it will levy a quarterly "Wallet Inactivity Maintenance Fee" of "100, including GST, on dormant wallet accounts that have not been used for more than a year. The fee will apply…...
Government pushing for locating a root server in India: Meit Y Secretary
8+ hour, 33+ min ago (270+ words) The government on Friday said that it was pushing for locating a root server in India, given the number of people who use the Internet and in terms of long-term resilience of the Internet system itself. Speaking on the sidelines…...
RBI asks banks to waive collateral requirements for agricultural loans up to "2 lakh per borrower
8+ hour, 33+ min ago (364+ words) Reserve Bank of India has asked banks" to waive collateral security and margin requirements for agricultural loans, including loans for allied activities up to "2 lakh per borrower, and ensure ongoing monitoring of the end-use of all agriculture advances, per its…...
Consumer product companies hope to see inflationary pressures following the US-Iran peace deal - The Hindu Business Line
8+ hour, 23+ min ago (363+ words) Companies are also anticipating to see positive consumer sentiment in the coming quarters regarding discretionary spending." Consumer products makers are hopeful of easing of inflationary pressures in the coming weeks with the inking of an initial peace deal between Iran…...
Ladakh bans single-use plastics, imposes penalties to curb littering
8+ hour, 23+ min ago (274+ words) To protect the fragile Himalayan cold desert ecosystem, Ladakh Lieutenant Governor Vinai Kumar Saxena on Friday ordered a strict ban on identified single-use plastic items and littering across the Union Territory. The move comes amid concerns over accelerating glacier melt…...
Spice Jet secures first tranche of ECLGS funding; receives "150 crore from Bank of India
8+ hour, 28+ min ago (358+ words) Budget carrier Spice Jet has secured the first tranche of funding under the Centre's Emergency Credit Line Guarantee Scheme (ECLGS), with the airline receiving around "150 crore from Bank of India earlier this week, industry sources told businessline. Speaking to businessline,…...
Petrol and diesel demand defies May price hikes
7+ hour, 43+ min ago (203+ words) Retail prices of petrol and diesel in India rose sharply in recent weeks as tensions in West Asia and the near-complete closure of the Strait of Hormuz disrupted global energy markets. The data also show momentum in fuel demand on…...
Chennai Petroleum Corporation gets Navratna status
8+ hour, 15+ min ago (361+ words) Chennai Petroleum Corporation Limited (CPCL) will now be a "Navratna" central public sector enterprise (CPSE), Finance Ministry announced on Friday. "Union Finance Minister has approved the upgradation of Chennai Petroleum Corporation Ltd (CPCL) to Navratna CPSE. CPCL has become the…...
Flipkart, Myntra see resilient demand despite consumption concerns: Bof A
7+ hour, 43+ min ago (368+ words) Walmart-owned Flipkart and fashion marketplace Myntra continue to show strong consumer engagement despite broader concerns around slowing discretionary spending, according to a report by Bank of America (Bof A), which said its recent channel checks found no visible signs of weakness…...
TN government to set up five renewable energy zones to accelerate solar, wind projects
11+ hour, 3+ min ago (163+ words) In an effort towards increasing the State's renewable energy generation, the Tamil Nadu government has announced" the setting up of five renewable energy zones." According to a Power Ministry statement, the Tamil Nadu Green Energy Corporation Ltd (TNGECL) is undertaking…...