BUSINESS & ECONOMY

Muthoot Finance Limited partners with NIRA

The Muthoot Finance Limited announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint. Through this partnership, salaried customers can avail personal loan of up to Rs 1 lakh from Muthoot by downloading the NIRA App from Google’s Playstore. NIRA is a Bengaluru based fintech offering small ticket personal […]

Twitter rolls out larger image previews on iOS and Android

Micro blogging site Twitter has recently introduced bigger image previews on iOS and Android. As per twitter, images with 2:1 and 3:4 aspect ratios will now show in full, however, if a user posts an incredibly tall image, it will still get cropped. The company started testing this feature back in March, however, now it […]

CSR funds spent for creating health infrastructure for COVID care are eligible CSR activities under Companies Act

The Government has clarified that spending of Corporate Social Responsibility (CSR) funds for creating health infrastructure for COVID care are eligible CSR activities under Companies Act. The eligible CSR activities include establishment of medical Oxygen generation and storage plants, manufacturing and supply of Oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19 or […]

Section 142 of Social Security Code, 2020 notified by Labour and Employment Ministry

The Ministry of Labour and Employment has notified section 142 of the Social Security Code, 2020 which covers the applicability of Aadhaar. The notification will enable the Ministry to collect Aadhaar details for the database of beneficiaries under various social security schemes. Union Minister for Labour and Employment Santosh Gangwar has clarified that the section […]

RBI

Rabi Sankar appointed as Deputy Governor of RBI

On Monday, T Rabi Sankar took over the charge of Deputy Governor of RBI for a period of three years. He was earlier the Executive Director of the central bank, looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department. His areas of expertise include […]

RBI

RBI Governor meets MDs and CEOs of NBFC- Micro Finance Institution

The Reserve bank of India Governor, Mr. Shaktikanta Das on Monday met Managing Directors (MD) and Chief Executive Officers of Non- Banking Financial Company- Micro Finance institution (NBFC- MFI) via video conference. The meeting was attended by Deputy Governors M K Jain and Dr M D Patra and a few other senior officials of RBI. […]

TCS

Samir Seksaria takes over as CFO of TCS

Tata Consultancy Services (TCS) vetran Samir Seksaria took over as Chief Financial Officer. He replaces V Ramsakrishnan who retired a day earlier. Seksaria started his career in TCS in 1999 and spent his early years in consulting assignments involving regulatory compliances and M&A spin-offs. He moved to corporate finance in 2004 and played a critical […]

bigbasket

Competition Commission of India approves 64 percent acquisition of BigBasket by Tata Digital

The Competition Commission of India (CCI) has approved the acquisition by Tata Digital of upto 64.3 percent of Supermarket Grocery Supplies (SGS) and its sole control over Innovative Retail Concepts (IRC), the company that runs the Bigbasket.The proposed combination involves acquisition through a combination of primary and secondary acquisitions in one or more series of […]