BUSINESS
G20 Summit: Commercial activity won't be allowed in New Delhi district
"Essential services like postal and medical services, as well as sample collections by path labs, will continue to operate across Delhi. In the New Delhi area, commercial activities will remain suspended. Online delivery services will not be permitted, with the exception of medicine delivery,” said the Special CP.
Elon Musk to sue ADL for accusing him and X of being antisemitic
The tech billionaire also blamed ADL for X’s falling advertising revenue in the US.
RBI expands scope of UPI by including credit lines as funding account
Under this facility, payments through a pre-sanctioned credit line issued by a scheduled commercial bank to individuals, with prior consent of the individual customer, are enabled for transactions using the UPI system, the RBI said in a statement on Monday.
Income Tax Department clarifies on erroneously sent notices under Section 80 P
In response to a query raised by tax payer, chartered accountant Nirav Choksi on X (formerly Twitter), the tax department said that "an email communication regarding this will be sent to you shortly".
Use of local currencies in cross-border payments can help shield emerging markets from global shocks: RBI Governor
It can also encourage the development of local forex and capital markets, he said.
Meta purges over 21 mn bad pieces of content on FB, Insta in India in July
Between July 1-31, Facebook received 3,200 reports through the Indian grievance mechanism, and said that it provided tools for users to resolve their issues in 5,392 cases.
India's power consumption rose 16% to 151 billion units in August
The spike in power consumption was mainly due to excess usage of appliances like air conditioners and coolers owing to extreme sultry weather conditions.
'Market will have a negative view of GIC Re if clubbed with GIPSA'
Citing the Reserve Bank of India (RBI) and NABARD which are not part of the Indian Banks’ Association (IBA) owing to their nature of business, the GICOA said that GIC Re’s business is entirely different – business-to-business (B2B) or insurer for the insurers from the four government owned primary insurers which is primarily business-to-consumer (B2C).
PSU scrips MMTC, IRFC post strong rally
Apart from IRFC, other railway stocks were also up including RVNL up by 11 per cent, IRCON up by 7 per cent.
SpiceJet’ Board grants approval for issuance of equity shares
In an exchange filing, the company said: "This is to inform you that the Allotment Committee of the Board of Directors of the Company at its meeting held on September 4, 2023 from 4:00 p.m. to 4:15 pm., has, inter-alia, considered and approved allotment of 3,41,72,000 equity shares of the face value of Rs.10 each at an issue price of Rs.29.84 each on preferential basis to Spice Healthcare Private Limited (an entity under ‘promoter group’)."
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