BRICS nations are exploring connections between their fast payment systems and central bank digital currencies. This initiative aims to significantly reduce the cost of cross-border payments for member countries. India is also working to promote the international use of its…
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An article in Italian geopolitical platform Formiche defended India’s proposed FCRA amendments, saying they are aimed at protecting sovereign rights and regulating foreign influence, in line with measures in the US, UK, EU and Australia.
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Several offshore banks are becoming reluctant to issue or renew international credit cards for wealthy resident Indians due to India’s 180-day rule on deploying overseas funds. The requirement is also creating difficulties for minors holding foreign accounts under the Liberalised…
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Managed workspace provider Tablespace Technologies has filed draft papers for an Initial Public Offering. The company plans to raise Rs 800 crore through a fresh issue of shares. An offer for sale will also see existing shareholders offloading equity. Proceeds…
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Banks cannot limit their approach to AI related data privacy risks to merely complying with the Digital Personal Data Protection (DPDP) Act, as per RBI Governor Sanjay Malhotra, asking lenders to do more as they deploy the technology. “We cannot…
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Embassy Developments Ltd posted a consolidated net loss of Rs 234.40 crore for the June quarter. Total income significantly decreased to Rs 241.28 crore from Rs 694.05 crore in the prior year. The company’s board approved a preferential allotment of…
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