NSDL clarifies on three accounts of FPIs in Adani group firms
The National Securities Depository Ltd (NSDL) has clarified that only the GDR accounts of Abula Investments, APMS Investment and Cresta Fund -- three foreign portfolio investors having stakes in Adani group companies -- have been frozen.
RBI allows non-bank PSPs to participate in centralised payment systems
The Reserve Bank of India (RBI) on Wednesday allowed authorised non-bank payment system providers (PSPs) to participate in centralised payment systems (CPS), such as real-time gross settlement (RTGS) and national electronic fund transfer (NEFT), as direct members.
'Govt striving to complete privatisation of CPSEs listed out in Budget'
The government is striving to complete privatisation of Central Public Sector Enterprises(CPSEs) listed out in the Budget, including Air India, BPCL, and BEML, in the current fiscal ending March 2022, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.
I-T portal issues to be resolved soon: Finance minister Sitharaman
With glitches still haunting the new income tax portal, finance minister Nirmala Sitharaman on Wednesday said she wished the Infosys-developed website did not have such a launch but hoped issues will be sorted out soon. Sitharaman said Infosys had done trial runs before the June 7 launch but users faced technical issues in accessing the portal.
RBI imposes Rs 5-crore penalty on Axis Bank
The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework. The penalty has been imposed for "contravention of/non-compliance" with certain provisions of directions issued by the RBI.
Facebook doubles profit, but sees cooling growth
Companies|Business|: San Francisco: Facebook on Wednesday reported its profit doubled in the recently ended quarter as digital advertising surged, but warned of cooler growth in the months ahead. Profit jumped $10.4 billion on revenue of $29 billion, with the number of people using the social network monthly climbing to 2.9 billion, Facebook said in a second quarter update that sparked an after-hours selloff. “We had a strong quarter as we continue to help businesses grow and people stay connected,” Facebook chief executive Mark Zuckerberg said in an earnings release.