The Times Of India Business
RBI's new rules on interchange fee, 24/7 bulk clearing facility functional
The Reserve Bank of India's new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards. The RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs 5 to Rs 6. These new rates have become applicable from August 1, 2021, as per the RBI's direction.
Policy ignition: India's satellite navigation sector set for higher growth trajectory
India's satellite based navigation and augmentation services sector appears headed for a higher growth trajectory with the proposed ignition of a policy push towards effective development, operation and maintenance of such systems.
India formulating standards for services sector for high quality: Piyush Goyal
India is formulating standards for the services sector so that the country can have high quality of services to offer to the rest of the world, commerce and industry minister Piyush Goyal said on Saturday.
CIL board approves increase in coal evacuation facility charges
State-owned CIL on Saturday said its board has approved a proposal to increase the coal evacuation facility charges. The board has also approved subsuming rapid loading charges with evacuation facility charges with effect from Sunday, Coal India Ltd (CIL) said in a filing.
AI Express flight makes emergency landing due to windshield crack
An Air India Express flight from Thiruvananthapuram to Saudi Arabia had to return for an emergency after a crack in the windshield of the aircraft was detected, an airport official said. However, the plane had no passengers, due to the Covid-19 restrictions on international travel, and was only carrying cargo and a crew of eight.
Elon Musk says 'Epic is right,' takes sides in battle with Apple
Tesla Inc chief executive officer Elon Musk on Friday showed his support for "Fortnite" maker Epic Games that has challenged Apple Inc's fees on its App Store. "Apple app store fees are a de facto global tax on the Internet. Epic is right," he said in a tweet.
Cancelled, rescheduled flights put US-bound students in a fix
Indian students with a valid visa can fly to the US to join their universities in August, but in the past few weeks many have found their flights cancelled or rescheduled. Air India sources said its collateral damage brought on by the continued restrictions on other categories of US-bound travelers from India.
US to hold rare second lottery for H-1B visa applicants
In what can be good news for hundreds of Indian IT professionals seeking the H-1B work visa, the US' immigration agency has decided to conduct a rare second lottery for the most sought-after visas to decide on the successful applicants who could not make it in the first random selection.
In a first, Procter & Gamble names Indian as global COO
Shailesh Jejurikar has become the first Indian to be appointed global COO of the consumer products MNC Procter & Gamble (P&G). The Mumbai born 54-year-old Jejurikar is an alumni of the Hyderabad Public School and counts among his classmates another famous global CEO — Satya Nadella of Microsoft.