Looking to crack down on instant loan apps facing scrutiny over harassing defaulters, Telangana Police had asked Google to remove 158 unauthorised lending apps from the Google Play Store. This comes after complaints against representatives of loans apps harassing borrowers along with cases of suicide after collection agents contacted relatives and friends that they have defaulted on loans.

The Central or the State Government launches government bonds to raise capital for infrastructural development or avoid a liquidity crisis. Government bonds are supervised by the RBI. It is a very low -risk venture as it comes with the promise of the government. They offer interest on their face value and also repay the principal amount to investors after maturity.

RBI intimated about reports of individuals and small businesses falling prey growing number of unauthorised digital lending platforms/Mobile Apps on promises of getting loans in a quick and hassle-free manner. RBI said that these reports also refer to excessive rates of interest and additional hidden charges being demanded from borrowers.

The Minister for Railways and Commerce & Industry and Consumer Affairs, Food & Public Distribution, Piyush Goyal has reviewed the upgradation being worked for the E-ticketing system. The minister believes that IRCTC web site remains the first contact point of travelling citizens with the Railways and that experience must be friendly and convenient.

Panache Digilife introduced an Interactive Video Conferencing& Webinar Application with the aim of providing a better quality experience to remotely working people. Panache Digilife has led innovations with the aim of “Making Human Life Easy” especially amidst these tough times of COVID-19, where people are stuck working from home.

UltraTech Cement Ltd might raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of Rs10 lakh each aggregating to Rs1,000cr, on private placement basis, including the terms and conditions of the issue, on or after December 30, 2020. The Board of Directors of the company at their meeting held on May 20, 2020 approved to raise funds, by way of issuance of NCDs.

Pharma-major Lupin has received tentative approval for its Efinaconazole Topical Solution, 10%, from the United States Food and Drug Administration (USFDA). The approval is bagged to market a generic equivalent of Jublia Topical Solution, 10%, of Bausch Health Americas, Inc. Lupin said, Efinaconazole Topical Solution, 10%, is indicated for the topical treatment of onychomycosis of toenails.

Zydus Cadila which is listed as Cadila Healthcare on exchanges, announced that its plasmid DNA vaccine to prevent COVID-19, ZyCoV-D was found to be safe, well-tolerated and immunogenic in the Phase I/II clinical trials. Zydus Cadila now plans to initiate Phase III clinical trial in around 30,000 volunteers upon receiving necessary approvals.

Confidence Petroleum India Limited on Saturday announced the completion of the first CNG station at Gariya colony, Kolkata for Bengal Gas Corporation Limited (BGCL). ES Ranganathan Chairman BGCL and Director (Marketing) of GAIL had inaugurated the station. BGCL is a joint venture of GAIL (India) Limited (GAIL) & Greater Calcutta Gas Supply Corporation Limited (GCGSCL).

Caught amid the farm reform bill protests raging across India, Reliance Jio’s telecom services and infrastructure have been targetted in a series of reported vandalism incidents in Punjab.  According to various reports, protesting farmers have cut power to between 1,300 and 1,450 telecom transmission towers in the state, with over 150 targetted on the weekend.

Zensar Technologies Limited, a leading digital solutions and technology services company that specializes in partnering with organizations across industries on their digital transformation journey, on Thursday announced that it has welcomed its third batch of its unique industry-first model of Work from Anywhere recruits. This unique work model was introduced in the second quarter of FY21.

Reliance Capital Limited has missed again the payment of the interest obligations due on December 26, 2020, with respect to the Non-Convertible Debentures (NCDs). The company rued that it is unable to proceed with asset monetization due to prohibition on the company through various court orders since downgrading in ratings by CARE last year.

Two months ago, global investors were on the cusp of embracing a windfall from what would have been the world’s largest IPO. Now, returns on the hundreds of millions of dollars invested with Ant Group Co. are in jeopardy. China ordered Ant to reexamine its fintech businesses, spanning from wealth management to consumer credit lending and insurance, and return to its roots as a payments service.

When the RBI placed Yes Bank under a month’s moratorium in March, many customers from smaller banks tried to shift away to larger banks. RBL Bank was no different. However, the bank you are choosing should be able to offer the entire bouquet of financial products you may require over a period. Surinder Chawla, Head Branch Banking - RBL Bank explained the repercussion of this step.

The bankruptcy resolution process for Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and Indian Overseas Bank classifying the accounts of the telco and its units— Reliance Telecom and Reliance Infratel— as fraudulent last week, said an individual with the knowledge of the matter. The lenders are now looking to initiate a deeper probe.