The Reserve Bank of India (RBI) has rolled out stringent guidelines effective July 1, impacting how credit card bills can be paid through third-party apps. According to the latest regulations, all credit card bill payments via such apps must now be routed through the Bharat Bill Payment System (BBPS), managed by the National Payments Corporation of India (NPCI).
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Think Tank Report Shows India’s Poverty Rate Drops to 8.5% from 21.2% in 2011-2012
India has made significant strides in reducing poverty, with rates dropping to 8.5% in 2022-24 from 21.2% in 2011-12, according to a research paper released by the National Council of Applied Economic Research (NCAER).
Read More »HDFC Bank to Temporarily Halt UPI Services on July 13 for Scheduled Upgrade
HDFC Bank has announced a scheduled system upgrade on July 13, 2024, which will temporarily affect its UPI (Unified Payments Interface) services. The bank aims to enhance its overall performance, capacity, and reliability through this upgrade, which will necessitate specific downtime periods for various banking services.
Read More »Steve Ballmer Surpasses Bill Gates in Wealth Ranking, Ranks 6th Globally
In a significant milestone, Steve Ballmer, former CEO of Microsoft Corp., has surpassed company co-founder Bill Gates to become the sixth-richest person in the world. This shift in wealth comes as Microsoft's stock reached record highs, bolstered by its strategic partnership with OpenAI, positioning it as a major beneficiary of the artificial intelligence boom in the US market.
Read More »Indian-American Businessman Rishi Shah Sentenced to Prison for $1 Billion Fraud Scheme
In a landmark verdict, Indian-American entrepreneur Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison by a US court. The sentencing comes in the wake of a massive $1 billion fraud scheme that has rattled high-profile investors including Goldman Sachs Group Inc., Alphabet Inc. (Google's parent company), and Illinois Governor JB Pritzker's venture capital firm.
Read More »Resilience in Reflection: Mayaa SH’s Response to Bullying and Character Slurs.
The Game Changer Statement that changed the tidal wives of time for Mayaa SH to sit and reflect on the character assassination and the trauma of dealing with slurs and the toxicity that grow stronger every time bullies get away with their intimidation tactics in this country in the name of how progressive we are ..
Read More »Toyota Achieves 40% Year-on-Year Growth in June 2024, Setting Record Monthly Sales
Toyota Kirloskar Motor (TKM) has reported a significant 40% year-on-year growth in sales for the month of June, marking its highest-ever monthly sales performance. The company sold 27,474 units compared to 19,608 units in June last year. Additionally, TKM exported 1,722 units during the same period.
Read More »Air India Plans to Establish Training School in Amravati, Operations to Commence by Early 2026
Air India has unveiled ambitious plans to establish South Asia's largest Flying Training Organisation (FTO) in Maharashtra's Amravati, with operations set to commence by early 2026. This initiative marks a significant milestone as the first FTO by any Indian airline in the country.
Read More »“Delhi Government Offers ₹10 Lakh Aid for Rainfall Victims’ Families”
In response to the devastating impact of recent heavy rainfall in Delhi, the state government has announced a compensation package of ₹10 lakhs for the families of those who lost their lives. The announcement, made by Minister Atishi on Sunday, aims to provide support to affected families following the tragic events caused by intense monsoon showers on June 28.
Read More »“Zomato Faces ₹9.5 Crore GST Notice in Karnataka, Plans Appeal “
Online food delivery giant Zomato has found itself in the midst of a fiscal challenge, as it disclosed receiving a Goods and Services Tax (GST) demand notice totaling ₹9.5 crore from Karnataka's Assistant Commissioner of Commercial Taxes (Audit). This development comes following an audit of Zomato's GST returns and accounts for the fiscal year 2019-20.
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