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BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

Bank of Baroda (BoB) on Thursday announced the pilot launch of a ‘Loyalty/Cashback Programme’ functionality for merchants based on the ‘programmability’ aspect of the Central Bank Digital Currency (CBDC) in collaboration with a fintech company. This functionality will enable small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed...
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India secures permission for copper and cobalt exploration in Zambia, expands global mineral ventures

India has recently obtained permission to explore copper and cobalt deposits across a 9,000-sq-km area in Zambia, with exploration activities scheduled to begin in the coming month, VL Kantha Rao, Mines Secretary, told businessline. The exploration team, led by the Geological Survey of India (GSI), will initially invest around ₹15-20 crore, which will largely come...
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Stock Market News Today Live Updates on February 28, 2025 : Tuhin Kanta Pandey appointed new SEBI Chairperson for 3-year term, Finance Secy to succeed Madhabi Puri Buch

Stock Market News Today Live Updates: In an ever-evolving financial world, staying informed about stock market trends is crucial. Our Stock Market News provides real-time updates, insightful analysis, and in-depth coverage of the global financial landscape. From major index movements and corporate earnings to economic indicators and geopolitical events, we deliver the latest information impacting...
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L&T Infotech To Buy Analytics Start-Up

BENGALURU: Leading IT services provider L&T Infotech on Tuesday announced acquisition of Pune-based analytics start-up AugmentIQ Data Sciences Ltd for an undisclosed amount. “The acquisition will enable us to gain access to MaxIQ, the big data platform AugmentIQ developed and used by one of the world’s largest credit bureaus, lead banks and regulatory agencies,” said Infotech in a statement...
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Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%

The government plans to further liberalise foreign investment rules for insurance companies by removing the condition that mandates the presence of Indian residents in the boards and top management of insurance entities, said top finance ministry officials. The insurance reforms bill will be introduced in the ongoing budget session of parliament, one of these officials...

When consumption push and fiscal consolidation go hand in hand

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. Hence, finance minister (FM) Nirmala Sitharaman was expected to stimulate growth while continuing on the path of fiscal consolidation. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing...

Kerry Washington invests in wedding marketplace Cheersy

Kerry Washington is expanding her angel investment portfolio, serving as lead investor in the pre-seed round of the wedding marketplace Cheersy.  Cheersy, which was founded in 2024 by Amy Shack Egan, helps couples find day-of service wedding coordinators and has raised a total of $550,000, from other investors including Christina Tosi, the founder of Milk...

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