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Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low
Updated : 9 months, 4 weeks ago IST
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA.
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SC slams UP govt for 'hijacking' litigation between private parties in Ban
Updated : 9 months, 4 weeks ago IST
A bench of Justices BV Nagarathna and Satish Chandra Sharma said that if the state government starts entering into private disputes between parties, it will result in a "breakdown of the rule of law."
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Delhi police bust cyber fraud racket using labourers' bank accounts, two a
Updated : 9 months, 4 weeks ago IST
In a dramatic high-altitude operation, the Cyber Cell of the Delhi Police Crime Branch arrested two cyber fraudsters from Sarchu, a remote and oxygen-deprived region on the Himachal-Ladakh border, a press release said.
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Worldline gets RBI nod to facilitate cross-border online transactions for
Updated : 9 months, 4 weeks ago IST
Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator - Cross-Border.
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Injury-hit Bangladesh look to young pacers ahead of T20I series against Pa
Updated : 9 months, 4 weeks ago IST
With senior seamers Mustafizur Rahman and Taskin Ahmed sidelined due to injuries, Bangladesh head coach Phil Simmons is banking on the rest of the pace attack to step up for the upcoming T20I series against Pakistan, starting Wednesday in Lahore, as per ESPNcricinfo.
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Foreign stake in 'YES BANK' could pave way for more foreign participation
Updated : 9 months, 4 weeks ago IST
The 20 per cent stake buy by Sumitomo Mitsui Financial Group in 'YES BANK' could pave way for foreign participation in the Indian banking sector says a report by Fitch Ratings. The Reserve Bank of India's (RBI's) approval of YES BANK deal could pave way for similar transactions.
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Stress in the microfinance sector should recede over the next two quarters
Updated : 9 months, 4 weeks ago IST
The worst is over for India's microfinance sector, with stress levels posed to ease over the next two quarters, said Axis Securities in its latest report.
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Visa launches Click to Pay in Hong Kong with ZA Bank, the first issuing ba
Updated : 9 months, 4 weeks ago IST
Singapore, May 27: Visa, a global leader in digital payments, today announced a significant advancement that will transform the eCommerce experience. Hong Kong's first and largest digital bank[1], ZA Bank, pioneers Click to Pay, enabling cardholders to complete online transactions in seconds
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Rupee to gain support from a weaker Dollar Index and strong FPI inflows: R
Updated : 9 months, 4 weeks ago IST
The Indian rupee will find support in the coming days, buoyed by a weaker US dollar index (DXY) and expectations of strong foreign portfolio investment (FPI) inflows, a report by Union Bank of India (UBI) anticipated.
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Moscow Offers Tourist Cards for Non-Cash Payments at Cutting-Edge Tourists
Updated : 9 months, 4 weeks ago IST
New Delhi [India], May 26: Starting from now, Indian travellers to Moscow can obtain the Tourist Card at the new travel and banking office of Sber, the largest Russian bank, located in the city center, not far from the Red Square -- on Bolshaya Dmitrovka Street.
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S&P Global Ratings projects strong growth for Indian PSU nonbank finan
Updated : 10 months ago IST
India's government-owned non-bank financial institutions are expected to grab more market share in the coming year or two, according to S&P Global Ratings. It projected a sustained strong growth for the government-owned non-bank financials.
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RBI to Auction Rs19,000 Crore in Treasury Bills on May 28
Updated : 10 months ago IST
The Reserve Bank of India (RBI), in a press release on Friday, May 23, 2025, announced the latest auction of Government of India Treasury Bills (T-Bills) to raise Rs19,000 crore.
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