Deposits exceeding Rs. two lakh without linking PAN won't be operational

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Bengaluru (Karnataka) [India], March 12: Swiggy, India's pioneering on-demand convenience platform, and HDFC Bank, India's largest private sector bank, today announced the expansion of their co-branded credit card portfolio with the launch of two new variants: the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card. The Swiggy BLCK and Ornge HDFC Bank Credit Cards are designed to maximize value across food, quick commerce, lifestyle, and travel. Card members will enjoy enhanced, category-leading cashback on Swiggy and premium partner platforms, alongside exclusive instant discounts on Cleartrip and Nykaa. The expanded portfolio offers up to ₹48,000 in annual savings, bringing elevated, everyday benefits to a wider segment of consumers.

Union Minister of Communications Jyotiraditya Scindia said on Wednesday that the government has implemented several measures to prevent damage to drinking water pipelines and other underground utilities during the laying of telecommunications infrastructure.

Mumbai (Maharashtra) [India], March 11: Fractal (www.fractal.ai), a publicly listed global enterprise AI company serving Fortune 500® organizations, launched new intelligent agents within Flyfish.ai (www.flyfish.ai), its AI-native revenue acceleration platform built to reimagine how modern revenue teams operate, compete, and win. The upgraded platform brings together more than 35 coordinated AI agents that work across the entire sales lifecycle, from researching accounts and identifying buying signals to drafting personalized outreach and maintaining accurate pipelines in real time.

Proposals for investments from Land Bordering Countries (LBC) in specified sectors or activities, that include rare earth permanent magnets, shall be processed and decided within 60 days under the relaxed FDI norms under the Press Note 3, government officials said on Wednesday

Union Minister of Electronics and Information Technology Ashwini Vaishnaw held discussions with Nobel Laureate Professor Konstantin Novoselov and Rajat Verma, CEO of Lohum, on the manufacturing of 2D materials for use in electronics and the recycling of critical components such as permanent magnets and batteries.

Singapore, March 11: As international travel rebounds across Asia Pacific, Visa (NYSE: V), a global leader in digital payments, and Trip.com Group have entered into a new global agreement designed to make booking and paying for travel more seamless for consumers and partners worldwide. Through this collaboration, Trip.com Group will introduce a virtual travel card program issued in partnership with Visa via Trip.com Group's fintech arm, TripLink.

Singapore, March 11: Princeton Digital Group (PDG), Asia's leading data center operator, today announced a plan to raise up to USD 5 billion in debt financing this year to fund its contracted capacity across the region.