NPCI join hands with PayXpert for UPI availability in UK
Thu, Aug 18, 2022 10:14 PM

NPCI join hands with PayXpert for UPI availability in UK

The wholly owned subsidiary of the National Payments Corporation of India (NPCI), NPCI International Payments Limited (NIPL), on Thursday announced its collaboration with PayXpert for acceptance of the payment solutions in the UK. NIPL has signed an MoU with the PayXpert to make the Indian payment solutions available in the UK through its Android point-of-sale (POS) devices for in-store payments.

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SBM Bank India creates fresh trouble for Slice, Uni and LazyPay
Thu, Aug 18, 2022 9:30 PM

SBM Bank India creates fresh trouble for Slice, Uni and LazyPay

Slice, Uni and LazyPay received notice from State Bank of Mauritius India (SBM Bank India) right after RBI released its first set of guidelines on digital lending on August 10. The notice appears to be the fresh trouble for fintech players Slice, Uni and LazyPay, as the SBM is reportedly considering pausing onboarding of new customers for prepaid cards till more clarity emerges on the model.

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M-cap of BSE-listed firms is just 2000 pts away from its all-time high
Thu, Aug 18, 2022 9:21 PM

M-cap of BSE-listed firms is just 2000 pts away from its all-time high

On Thursday, the market capitalisation of the BSE-listed companies reached an all time high of more than ₹280.52 lakh crore on Thursday, helped by the recent rally in equities. The benchmark marked its fifth straight session of gains with this hike today. The 30-share BSE Sensex today ended 37.87 points or 0.06 per cent higher at 60,298. From its all time highs, Sensex is now 2,000 points away.

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Adani’s Z security is not the finest security force!
Thu, Aug 18, 2022 9:00 PM

Adani’s Z security is not the finest security force!

Adani Group Chairman Gautam Adani, has been accorded with a ‘Z’ category VIP security cover by the govt after a threat perception report. But he is not the only protectee who has the highest level of protection in India. 🥷🏻The layer of security covers in India are X, Y, Y-plus, Z, Z-plus and the Special Protection Group (SPG). Check out more about India’s finest security force here 👉🏻

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Maruti Suzuki don’t promise 100% production levels in Q2
Thu, Aug 18, 2022 8:25 PM

Maruti Suzuki don’t promise 100% production levels in Q2

Shashank Srivastava, senior executive director, marketing & sales at Maruti Suzuki India Limited (MSIL) said the semiconductor supplies have reached 95% levels; feeling a gradual recovery in the company’s monthly output. However, he said, the situation may remain the same for the entire second quarter of FY23 as chip supplied haven’t reached 100% yet.

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U.S. stocks wobble as Investors mull jobs data, Fed minutes
Thu, Aug 18, 2022 7:43 PM

U.S. stocks wobble as Investors mull jobs data, Fed minutes

U.S. stocks opened on a steady note on Thursday as investors were busy considering the earnings reports, jobless claims and fed’s minutes of meeting finding clues about the economic outlook and trajectory of interest rates. The S&P 500 edged 0.1% lower early Thursday. The Dow Jones Industrial Average skids 0.3%. The technology-heavy Nasdaq Composite dropped 0.1%.

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Mexican fintech Covalto plans Nasdaq listing via SPAC
Thu, Aug 18, 2022 7:31 PM

Mexican fintech Covalto plans Nasdaq listing via SPAC

Covalto, a Mexican digital and banking services platform announced to list on Nasdaq exchange through a special purpose acquisition company (SPAC). It was previously known as Credijusto and could generate up to $177 million of capital before expenses, Covalto said on Thursday. With this listing, Covalto will mark the first time a Mexican fintech trades publicly on a U.S. stock bourse.

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Adani Group orders Rs 6163 crore for five FGD projects
Thu, Aug 18, 2022 7:07 PM

Adani Group orders Rs 6163 crore for five FGD projects

Adani Group has placed an order for five flue gas desulfurization (FGD) projects worth Rs 6,163.20 crore to Power Make Projects Ltd. According to the filing, Hyderabad-based Construction and Services has placed orders for 15 FGD retrofits with sizes of 330 MW and 660 MW for the coal-based unit. These engineering, procurement and construction projects are expected to be implemented over the next 30

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Unilever Professionals set to expand its portfolio in the country
Thu, Aug 18, 2022 7:05 PM

Unilever Professionals set to expand its portfolio in the country

Unilever Professional, a unit of Hindustan Unilever (HUL) Group, is expanding its portfolio in the country. It has roped in homecare brands like Domox, Surf, Comfort and CIF for this expansion drive. Including glass cleaners, air fresheners, degreasers, kitchen hygiene products such as dishwashers, sanitizers, kitchen sanitizers, laundry care detergents and fabric conditioners for commercial use.

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Dollar holds its gains as Fed set for lengthy inflation fight
Thu, Aug 18, 2022 7:00 PM

Dollar holds its gains as Fed set for lengthy inflation fight

The dollar surged to a three-week high on Thursday after minutes from the Federal Reserve's July meeting indicated that U.S. interest rates might stay higher for longer to bring down inflation. The stronger dollar resulted in the pound briefly dipping below $1.2 in early European trading. This caused the dollar index to surge as high as 106.96, its highest since late July.

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Data: More millionaire Shiba Inu owners are emerging
Thu, Aug 18, 2022 6:46 PM

Data: More millionaire Shiba Inu owners are emerging

According to IntoTheBlock’s data, more Shiba Inu millionaire holders seem to be emerging. Over 497,000, or 42.58% of total addresses, own in the range of 1 to 10 million SHIB, 10-100 million SHIB range ones makes up 26.36% and those holding 0-1 million SHIB account for 23.15%. Meanwhile, Shiba Inu was a top gainer in the market on Aug. 14.

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Inflation expected to fall to 5% in Q1 FY24: RBI
Thu, Aug 18, 2022 6:45 PM

Inflation expected to fall to 5% in Q1 FY24: RBI

The Reserve Bank of India, in its monthly bulletin released on August 18, said that India’s headline retail inflation, as measured by the Consumer Price Index, will ease to 5 percent by April-June of the next fiscal year. The biggest task in front of the MPC currently is to guide inflation to its target of 4 percent.

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Over two-thirds of Ethereum nodes are controlled by 3 cloud providers
Thu, Aug 18, 2022 6:29 PM

Over two-thirds of Ethereum nodes are controlled by 3 cloud providers

Reports show that centralised web service providers like Amazon Web Services control the majority of the 4,653 active Ethereum nodes (AWS). On the Ethereum Mainnet, 69% of hosted nodes are distributed across three large cloud service providers. Of which, more than 50% comes from Amazon Web Services (AWS), more than 15% from Hetzner, and 4.1% from OVH.

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Top 1000 #ETH whales are hodling
Thu, Aug 18, 2022 6:15 PM

Top 1000 #ETH whales are hodling

The top 1000 #ETH whales are hodling: $181M HIB(Shiba Inu), $133M ENS, $88M BIT(BitDao), $84M $MKR(Maker), $79M $LOCUS(Locus Chain), $75M LINK(Chainlink), $64M1 UNI(Uniswap), and $60M $MANA(Decentraland). This data is given out by WhaleStats, a platform that tracks the movements of crypto whales.

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Federal Bank has revised interest rates on fixed deposits
Thu, Aug 18, 2022 5:55 PM

Federal Bank has revised interest rates on fixed deposits

Federal Bank has raised the interest rates on fixed deposits below ₹2 crore. As per the bank's official website, the new interest rates are effective as of August 17, 2022. The bank now offers interest rates on fixed deposits with maturities ranging from 7 days to more than 75 months that span from 3.00% to 5.75% for the general public and 3.50% to 6.40% for senior citizens.

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