As a part of the partnership, Yobee will allow IIFL Securities’ customers to access the Tradebox application within the IIFL app and web. Additionally, customers can also begin their trading journey from the Tradebox website using the "Login with IIFL Securities" feature.
While the "global turnover" rule doesn't specifically apply to any particular section of firms, big tech companies are likely to be hit by it, given the nature of their business that cuts across jurisdictions. Usually, their revenues from India operations are only a fraction of their earnings in other key economies like the US and the EU.
According to GlobalData, the volume of funding deals in India declined by 62.5 percent (year-on-year) in January 2023, while the value of deals fell by 80.3 percent. The impact of this uncertainty on investor confidence in startups has been felt across the board, with venture capitalists becoming more cautious in their investments.
The users can now link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted. The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India, the company aid in a statement.
The recovery, totalling about ₹10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the ₹12,500-13,000 crore estimated liquidation value.
The capital raised by Adani Green Energy will be used to repay an outstanding $750 million, three-year bond issued in 2021 that's due next year. The money is likely to be kept in a dedicated redemption reserve account and paid on the due date, said people aware of the matter.
Chief Economic Advisor V Anantha Nageswaran on Wednesday asked the finance industry to observe self-restraint and stop predatory practices, misselling of products and data misuse. The academic-turned-advisor said regulations can only work to an extent to stop robberies, but crime can be curtailed only when the robber chooses to reform.
Less than 30% of users of India's Unified Payments Interface (UPI) are women, according to Arati Deo, engineering director at Google Pay. She said that trusted assistance for women making their first few digital payments would help overcome the problem. While courses build knowledge, the usage of digital products builds capability, she added.
