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

AIMPWAFebruary 27, 2025

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...

Large NBFCs expect lower cost of funds post rollback of higher risk weights

AIMPWAFebruary 27, 2025

Non-banking finance companies (NBFCs), especially large sized ones, are expecting a fall in their cost of funds (CoF) after the Reserve Bank of India’s (RBI) move this week to rollback 25 per cent higher risk weight assigned on bank loans to NBFCs in late 2023, bankers say. Raul Rebello, MD & CEO, Mahindra & Mahindra...

Non-bank brokers assess impact of SEBI, RBI nod for G-sec trading

AIMPWAFebruary 27, 2025

Non-bank brokers are assessing the costs and benefits of SEBI and the RBI’s move to grant them direct access to the Negotiated Dealing System-Order Matching (NDS-OM) platform for trading in government securities and have hailed the move as a game-changer for India’s debt market. G-secs, with their sovereign backing and high liquidity, have always been...

Ministry Of Coal To Host Mumbai Roadshow To Boost Investment In Coal Sector

AIMPWAFebruary 27, 2025

Mumbai, Feb 27 (KNN) The Ministry of Coal will conduct a roadshow in Mumbai on February 28, 2025, at The Taj Mahal Palace as part of its ongoing initiative to highlight investment opportunities in the coal sector and commercial coal mine auctions. Union Minister of Coal and Mines, Shri G Kishan Reddy, will attend as...

DPIIT-Paytm Partnership To Boost Innovation In Manufacturing and Fintech Startups

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has entered into a strategic partnership with Paytm (One97 Communications Limited) through the signing of a Memorandum of Understanding (MoU) aimed at fostering innovation and accelerating growth in India’s manufacturing and fintech startup sectors. This collaboration will...

EPFO Adopts Unified Pension Scheme, Enhances Digital Infrastructure At 112th EC Meeting

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) The 112th meeting of the Executive Committee (EC) of the Central Board of Trustees, Employees’ Provident Fund Organisation (EPFO), was held at the EPFO Head Office in New Delhi on February 25, 2025. Ms. Sumita Dawra, Secretary of the Ministry of Labour and Employment, chaired the meeting, which was attended...

India’s Bioeconomy Surges to USD 130 Bn; CSIR-IMTECH’s Microbial Research To Drive Biotech Innovation

AIMPWAFebruary 27, 2025

Chandigarh, Feb 27 (KNN) Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, conducted an inspection of the Microbe Repository and other facilities at the CSIR-Institute of Microbial Technology (CSIR-IMTECH) while receiving updates on the institute’s ongoing projects. During his review, Dr. Singh emphasised the critical role of microbial technology as...

Quality Standards and Policy Support Propel India’s Toy Industry: Report

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) India’s toy industry is on a robust growth trajectory, with the potential to capture a larger share of the global toy market, which is projected to reach USD 179.4 billion by 2032, according to a report by Punjab National Bank (PNB). The industry is undergoing a transformation driven by skill...

Investment Summits in States Attract Billions in Commitments

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) India’s states are setting new benchmarks in investment commitments, with Madhya Pradesh concluding its two-day Global Investors’ Summit on Tuesday, securing pledges worth Rs 26.61 lakh crore—twice the size of the state’s GDP. This follows Odisha’s Utkarsh Odisha Conclave in late January, which attracted commitments of Rs 12.89 lakh crore,...

KVIC Act To Be Amended To Modernize & Digitize Khadi Supply Chain

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) The government is set to amend the Khadi and Village Industries Commission (KVIC) Act to enhance the marketability of khadi, connect with younger consumers, and promote exports of desi fabric. The proposed changes aim to revamp the khadi supply chain, digitise operations, and position khadi as an eco-friendly, sustainable fashion...

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DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

AIMPWAMarch 14, 2025

Why government — not business — will see that AI startups get the money they need. Source link

When consumption push and fiscal consolidation go hand in hand

AIMPWAMarch 14, 2025

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...

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

AIMPWAMarch 14, 2025

Gold price today: Maintaining its upward run for the third straight day, gold prices touched another peak on the Multi Commodity Exchange (MCX) in today’s trading session, March 14. The April expiry contract opened higher at ₹87,781 per 10 grams and strengthened further to hit a fresh peak of ₹88,280, marking a 0.57% jump from...

Kerry Washington invests in wedding marketplace Cheersy

AIMPWAMarch 14, 2025

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...

MFIs likely to adopt cautious growth approach moving ahead: Satin Creditcare CMD

AIMPWAMarch 14, 2025

Microfinance institutions (MFIs) are likely to proceed with cautious growth approach going ahead, after recording rapid growth in the range of 25-40 per cent in earlier years, and subsequently seeing stress in their asset quality, HP Singh, CMD, Satin Creditcare Network, tells businessline in an interaction. He talks about when the MFI sector stress is...

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Latest Posts

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

Large NBFCs expect lower cost of funds post rollback of higher risk weights

Non-bank brokers assess impact of SEBI, RBI nod for G-sec trading

Ministry Of Coal To Host Mumbai Roadshow To Boost Investment In Coal Sector

DPIIT-Paytm Partnership To Boost Innovation In Manufacturing and Fintech Startups

EPFO Adopts Unified Pension Scheme, Enhances Digital Infrastructure At 112th EC Meeting

India’s Bioeconomy Surges to USD 130 Bn; CSIR-IMTECH’s Microbial Research To Drive Biotech Innovation

Quality Standards and Policy Support Propel India’s Toy Industry: Report

Investment Summits in States Attract Billions in Commitments

KVIC Act To Be Amended To Modernize & Digitize Khadi Supply Chain

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DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

When consumption push and fiscal consolidation go hand in hand

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

Kerry Washington invests in wedding marketplace Cheersy

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DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

When consumption push and fiscal consolidation go hand in hand

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

Kerry Washington invests in wedding marketplace Cheersy

MFIs likely to adopt cautious growth approach moving ahead: Satin Creditcare CMD

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DeepSeek scared away some AI funders. But this wealthy backer is ready to spend.

When consumption push and fiscal consolidation go hand in hand

Gold prices hit record high for 3rd straight day on MCX; spot gold tops $3,000 on safe-haven demand

Kerry Washington invests in wedding marketplace Cheersy

MFIs likely to adopt cautious growth approach moving ahead: Satin Creditcare CMD

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju