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Pension Fund Regulatory and Development Authority (PFRDA), in October 2013, had allowed acceptance of e-KYC as a valid process for Know Your Customer verification in addition to the other permitted ID and address proof.

Govt to allow Aadhaar-based KYC for retail investors

The government said the Depository Receipt Scheme 2014 is expected to be operationalised soon by Sebi.

24 Aug 2019 11:04 AM IST

Likee mobile app completes its two-year journey in India market.

Likee creates Guinness World Record for its Independence Day campaign

, Indians created more than 2.5 lakh videos which garnered more than 225.3 million views.

24 Aug 2019 10:31 AM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

India rolls back tax hike on investors; outlines steps to boost...

Sitharaman said she was confident of meeting the fiscal deficit target of 3.3 pc of GDP considering the trend in revenue...

24 Aug 2019 9:55 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Plea to raise limit of creeping acquisition to 10 per cent

The shares of Mid-Cap and Small-Cap companies have seen huge price erosion in recent times.

24 Aug 2019 1:47 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Nifty may witness resistance at 10950

The Sensex closed 228.23 points, or 0.63 per cent, higher at 36701.16, while NSE Nifty gained 88 points or 0.82 per cent...

24 Aug 2019 1:47 AM IST

It also has the option to acquire another 47.02 per cent stake in Future Retail in the future.

Omni-channel trade set to take off with Future deal

Amazon to get access to 1,600 stores under Future brands.

24 Aug 2019 1:47 AM IST

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.

Faster GST refunds to boost MSME liquidity

As the Finance Ministry has been receiving several grievances related to GST, the minister tried to assuage some of the...

24 Aug 2019 1:43 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Cheaper retail loans to drive consumption

Housing, vehicle and high-value consumption goods are expected to receive a fillip from the announcements.

24 Aug 2019 1:43 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh...

24 Aug 2019 1:42 AM IST

Defence Minister Nirmala Sitharaman will also have one-on-one meetings with Governor N N Vohra and Chief Minister Mehbooba Mufti. (Photo: PTI)

Auto gear shift

Siam also welcomed the assurance that a vehicle scrappage policy will be announced soon.

24 Aug 2019 1:42 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

For the ninth month in a row, the bloodbath in the automobile market continues, with sales of all vehicle segments staying in the red in July.

Govt unveils measures to support auto sector, boost demand

BS-IV vehicles purchased up to March 2020 will remain operational for entire period of registration, FM Nirmala...

23 Aug 2019 8:17 PM IST