The global trading system is enduring its most sustained disruption in living memory amid challenges to trading rules that could batter living standards in a “geo-fragmented world”, the WTO warned Tuesday. “Global trade policy and the WTO are experiencing the…
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India’s payments authority is engaging with financial institutions to discuss potential transaction charges. Recent legislation permits fees on Unified Payments Interface transactions that exceed two thousand rupees, aiming to create additional revenue opportunities for banks and payment service providers. Authorities…
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The Reserve Bank of India absorbed significant funds through a variable rate reverse repo auction. This action aimed to manage the banking system’s substantial surplus liquidity effectively. The central bank also announced open market operation sales of government securities. These…
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Rajiv Aggarwal, Samsung India’s head of public affairs and ESG, has resigned after nearly four years. The reason for his departure remains unclear, and he is serving his final week. Aggarwal previously worked for Uber and Meta before joining the…
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HDFC Bank shares saw a significant jump on Tuesday. The bank submitted two candidate names for CEO succession to the RBI. This move aims to replace Sashidhar Jagdishan before his term ends. Analysts believe this quick action will ease investor…
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Tata Group company shares jumped Tuesday after the central bank rejected Tata Sons’ deregistration application. This decision revived prospects for a stock market listing of the holding firm. Tata Chemicals shares rose twenty percent, and Tata Motors saw a gain.…
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