Para of MD Existing Provision Amended Provision 7(c) Card-issuers may issue business credit cards to business entities/individuals for business expenses. The business credit cards may also be issued as charge cards, corporate credit cards or by linking a credit facility such as overdraft/cash credit provided for business purpose as per the terms and conditions stipulated…
MUMBAI: RBI governor Shaktikanta Das said the central bank has approved a platform that will facilitate online merchants to receive payments from any bank via internet banking, without signing up for every bank.Bharat Bill Payment System, an arm of the National Payments Corporation of India, will implement a new system of interoperable netbanking payments. This…
In December, he was at the centre of a controversy in the US for advocating longer working hours. The following month, he fired 13% of his over 14,000 employees – like many other e-commerce players who had hired big during the pandemic, but then when online orders dropped as the economy opened up, realised the…
ABU DHABI: WTO talks ended here with ministers making no headway on key issues — agriculture and fisheries, while India and other countries are likely to agree to extension of customs duty waiver for e-commerce by another two years. Trade ministers from across the world refused to budge from their stated positions on reducing farm…
Sovereign Gold Bond Series-IV (2023-24): The latest tranche of Sovereign Gold Bonds (SGB) for the 2023-24 Series-IV is now open for subscription from February 12 until February 16. Following the subscription period, SGBs are typically allocated within seven days. Consequently, the issuance date for this tranche is set for February 21.Eligibility and pricingAccording to ET,…
Bharat rice: The government has introduced ‘Bharat rice‘ at Rs 29/kg, a subsidised price, to help with the 15% increase in retail rice prices over the past year. It will come in 5 kg and 10 kg packs. The introduction of ‘Bharat’ Rice for retail sale aims to boost market supplies at reasonable prices, aiding…
Amazon.com founder Jeff Bezos will sell 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday.The securities is worth $8.6 billion at the current price of $172.13 a share. The sale plan was adopted on Nov. 8 last year and it will…
NEW DELHI: India’s new age tech companies continue to remain deep in the red. Walmart owned e-commerce major Flipkart posted net losses of over Rs 4,000 crore in FY23. Data sourced from market intelligence platform Tofler showed that Flipkart Internet which runs the Flipkart e-commerce marketplace reported losses of Rs 4,026 crore on a consolidated…
