International trade settlement in Indian Rupees via Special Rupee Vostro account

Indian rupee notes

On Monday 11 July 2022, the Reserve Bank of India (RBI) announced that the settlement of international trade can be done in Indian Rupees (INR) in order to boost the growth of global trade and to emphasize exports from India. And this additional arrangement has been made for invoicing, payment, and settlement of imports and … Read more

India’s RuPay cards and UPI to be accepted in France, NPCI and Lyra Network Signed MoU

Debit Card: India's RuPay cards and UPI to be accepted in France

On Thursday 16 June 2022, the National Payment Corporation of India (NPCI) announced that NPCI International has signed a Memorandum of Understanding (MoU) with France-based payment solutions provider Lyra Network to accept RuPay cards and UPI payments in France. RuPay cards and UPI (Unified Payments Interface) services will be available in France soon. France and … Read more

Jubilant FoodWorks shares fall 12% on CEO Pratik Pota’s resignation

Share price: Jubilant FoodWorks shares fall 12% on CEO Pratik Pota's resignation

The share price of Jubilant FoodWorks, which operates brands like Domino’s Pizza, Dunkin’, and Hong’s Kitchen in India, was trading lower by 12.24% at Rs.2479.80. The company’s CEO (Chief executive officer) and Director Pratik Pota decided to resign from his position. The company said Pratik Pota will continue his position till Wednesday, June 15, 2022. … Read more

Airtel added 15.9 lakh mobile users, Vi 15.3 lakh and Jio 36.6 lakh lose subscribers: TRAI Data

Telecom subscribers: Airtel added 15.9 lakh mobile users, Vi 15.3 lakh and Jio 36.6 lakh lose subscribers

Recently the Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of the telecom companies. According to TRAI’s recent data release, in the month of February 2022, Reliance Jio lost approximately 36.6 lakh wireless subscribers and in the same period, Bharti Airtel gained 15.9 lakh subscribers and Vodafone Idea lost 15.3 lakh subscribers. … Read more

Elon Musk holds 9.2% stake in Twitter and Elon Musk offers to buy Twitter for $43 Billion

Elon Musk holds 9.2% stake in Twitter and Elon Musk offers to buy Twitter for $43 Billion

According to a Securities and Exchange Commission 13G filing issued on Monday, April 4, 2022, Elon Musk owns 73,486,938 shares with a 9.2% passive stake in the Twitter company. A regulatory 13G filing on Monday, April 4, 2022, revealed that Elon Musk had bought a 9.2% stake on March 14, making him the largest individual … Read more

Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies: Adani stocks price surge

Stocks price: Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies

In Early Trade today, Adani Green Energy’s share price increased by 7.21% to Rs 2491.98, Adani Transmission’s share price increased by 4.31% to Rs 2656.88, Adani Enterprises share price was up by 0.17% to Rs 2173.22. According to reports, the Abu Dhabi-based International Holding Company (IHC) will invest about $2 billion in these three companies … Read more

NPCI approved WhatsApp payment service to expand to 100 million users

Whatsapp Application Screenshot: NPCI approved WhatsApp payment service to expand to 100 million users

Meta-owned instant messaging app WhatsApp initially had a limit of 20 million users for its payments feature but now WhatsApp has received approval from the National Payments Corporation of India (NPCI) to expand the payments feature to 100 million users. WhatsApp was allowed to launch payment services in November 2020 with a limit of 20 … Read more

Airtel added 7.14 lakh mobile users, Vi 3.89 lakh and Jio 9.32 mn lose subscribers: TRAI Data

Airtel added 7.14 lakh mobile users, Vi 3.89 lakh and Jio 9.32 mn lose subscribers: TRAI Data

Recently Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of telecom companies. According to TRAI’s recent data release, In the month of January 2022, Reliance Jio lost almost 93.22 lakh subscribers and Vodafone Idea lost 3.89 lakh subscribers, while Bharti Airtel added 7.14 lakh subscribers. Bharti Airtel has almost added 177 lakh … Read more

Zee Entertainment shares surge 17%: Invesco withdraws EGM requisition for ZEE’s board reconstitution

Stock Market: Zee Entertainment shares surge 17% after Invesco withdraws EGM requisition for ZEE’s board reconstitution

Today Zee Entertainment Enterprises share price was trading above 17% at Rs 299.90. In September 2021, Invesco had asked the board of Zee to hold an Extraordinary General Meeting (EGM) as the company was not running smoothly, according to Invesco. Invesco wanted to remove 3 directors from Zee’s board, including Punit Goenka, CEO of Zee. … Read more