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Border standoff: 43 Chinese apps banned by Government of India

This is the fourth instance of the government banning Chinese apps since the India-China border standoff erupted.

Chennai-based payments firm to expand footprint in Saudi Arabia

Financial Software and Systems (FSS), a Chennai-based payments technology company, has announced that it is expanding its footprint to strengthen digital payment capabilities in Saudi Arabia.

Auto firms may have to shell out Rs 3.5 lakh cr capex to realise govt’s EV Vision 2030: BWA

This amount is significant as OEMs currently have a capex of around Rs 25,000 to Rs 30,000 crore per year in terms of enhancing their capacity for model launches and upgradation of existing models, said Brickworks Analytics (BWA) research.

CIL’s revenue from rate hike to go to pension fund

PSU miner Coal India (CIL) will increase prices of thermal coal for both regulated and non-regulated sectors across grades by Rs 10 per tonne effective from December 1.

RBI rejects proposal to acquire IDBI Asset Management: Muthoot Finance

The Kerala-based lender added that it has informed SEBI that it is unable to proceed with the proposed transaction.

NPAs may rise to 11% in FY22 from 8%: S&P Global

The banking sector’s non-performing assets (NPAs) will shoot up to 10-11% of gross loans as on March 31, 2022, from 8% on June 30, 2020, ratings firm S&P Global said in a report on Tuesday.

Interview | Disrupting the clouds in a new tech era: Puneet Gupta, MD, NetApp India (Marketing & Services)

As companies expand their cloud usage, or adopt cloud for the first time, many are struggling with new complexities and costs.

CARS24 turns unicorn with $200 million fundraise led by DST Global

CARS24 on Tuesday said it has raised a fresh $200 million in funding led by DST Global at a valuation of over $1 billion.

Fintech firm Cashfree raises $35.3 million in series B funding

Fintech firm Cashfree has raised $35.3 million in series B funding led by growth stage financial services investor Apis Growth Fund II. Existing investor Y Combinator also participated in the funding round.

Over 70,000 Indian exporters gear up for Black Friday, Cyber Monday sale through Amazon

Exports will continue to play a critical role in the revival and growth of Indian economy and e-commerce exports help lower the entry barrier for Indian MSMEs to build and scale their exports business, Kamra said.

Union Bank of India proposes to raise Rs 1,000 crore from bonds

The bonds of face value of Rs 10 lakh each, bearing a coupon of 7.18 per cent per annum, will have maturity of 15 years, it said.

Govt: Share of monthly pending MSME dues gets ‘normal’; drops to 20% in Oct while procurement doubles

Credit and Finance for MSMEs: While 25 ministries and 79 CPSEs had bought goods worth Rs 2,346.82 crore from MSMEs in May, the number of borrowers also went up to 26 ministries, and 100 CPSEs purchasing Rs 5,096.53 crore products and services from MSMEs in October.

Policy to enable proliferation of public wifi hotspots on anvil: DoT official

Department of Telecom Member (Technology) K Ramchand said all technologies including satellite communication will be leveraged for providing broadband to all citizens.

Taking banking services to last mile: Women self-help groups driving financial inclusion in India

The incorporation of SHG members as BC Sakhis helps in ensuring financial inclusion, timely capitalization, digitalization of SHG transactions, and overall development of the community.

Google pays Rs 33,737 cr to Jio Platforms as its biggest-ever investment in an Indian company

Google has raised a total of Rs 1.52 lakh crore by selling almost 33 per cent stake to 13 financial and strategic investors in only 11 weeks.

‘Priority lending, urging FMCGs and e-commerce firms to lend may ease small retailers’ credit crisis’

Credit and Finance for MSMEs: The recommendations come days after the government had announced an extension to its Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) from October 31, 2020, to November 30 and further till March 31, 2021, to offer collateral-free credit support to Covid-hit MSMEs.

Air passenger traffic likely to be hit by Maharashtra govt decision: Icra

The Maharashtra government's decision to make coronavirus negative report mandatory for those entering the state from four certain states is expected to impact the domestic travel demand further, ratings agency Icra said.

Adani Wilmar completes 20 years of Fortune brand; to set up new plants across businesses

Edible oil major Adani Wilmar on Tuesday said its annual revenue is more than Rs 30,000 crore and it will continue to grow with planned capacity expansion in cooking oil, food and personal care businesses.

DoT accepts proposal on ‘0’ prefix for all calls from landlines to mobile phones

Callers will soon be required to add '0' prefix for making calls from landlines to mobile phones in the country, with the telecom department asking telcos to make necessary arrangements by January 1 to implement the new system.

Airlines set to lose $157 billion amid worsening slump: IATA

The International Air Transport Association (IATA), which in June had forecast $100 billion in losses for the two-year period, said it now projects a $118.5 billion deficit this year alone, and a further $38.7 billion for 2021.