Business News


How SBI YONO digital bank system that will replace SBI debit cards works: A user experience Earlier in the day, a report from PTI suggested that the State Bank of India is now planning to discard the debit card over the course of the next few years. Instead of the plastic debit cards, SBI wants its customers to use its digital services to make transaction and payments.
Read More at India Today.
Pic Credit: India Today.


Vodafone Idea’s CEO exit comes amidst high subscriber churn There is churn at the top at Vodafone Idea Ltd, with its chief executive officer Balesh Sharma resigning from his position citing personal reasons. Vodafone Group's India representative, Ravinder Takkar, who takes over as CEO, certainly has his task cut out.
Read More at Livemint. Pic Credit: Livemint.


Sensex crashes 624 points; Nifty ends below 10,950: Five factors behind this slide Equity indices plunged on Tuesday to finish in red with the benchmark BSE Sensex crashing more than 600 points ahead of key retail or consumer price-based inflation data. Sensex nosedived 624 points or 1.66 percent to close at 36,958; while the broader NSE Nifty moved 184 points or 1.65 per cent lower to settle at 10,926.
Read More at The Times of India.
Pic Credit: The Times of India.


अगस्त महीने में इतने दिन बंद रहेंगे बैंक, जानें पूरी लिस्ट अगस्त महीने में कई त्योहार, व्रत और नेशनल छुट्टी होन के कारण सभी सरकारी और प्राइवेट बैंक बंद रहने वाले हैं। अगस्त महीने में ईद, रक्षाबंधन, जन्माष्टमी और स्वतंत्रता दिवस जैसे त्योहार हैं जब बैंकों में कोई काम नहीं होता। अगस्त में करीब 8 दिन बैंक बंद रहेंगे।
Read More at Live Hindustan. Pic Credit: Live Hindustan.


Budget 2019: Here’s what financial services sector got from Nirmala Sitharaman The expectation from the Union Budget was to focus on strengthening the financial services sector, which is the backbone of India's economic growth. Finance Minister Nirmala Sitharaman announced multiple policies to fuel liquidity in the industry and prioritise infrastructure, education, disinvestment, Naari Shakti and youth energy, among others.
Read More at Money Control. Pic Credit: Money Control.


Closing Bell: Sensex, Nifty end marginally higher ahead of Union Budget; UPL gains 7% Indian indices ended with marginal gains in a volatile trade on Thursday ahead of Union Budget to be presented on July 5. At close, the Sensex was up 68.81 points at 39,908.06, while Nifty was up 21.20 points at 11,938. About 1222 shares have advanced, 1195 shares declined, and 172 shares are unchanged.
Read More at Money Control. Pic Credit: Money Control.


RBI Fines Fours Banks, Including PNB, For Violation of KYC Norms The Reserve Bank of India (RBI) has imposed a penalty of ₹1.75 crore on four public sector banks, including PNB and UCO Bank, for non-compliance with KYC requirement and norms for opening of current accounts.
Read More at Livemint. Pic Credit: Livemint.

5 Income Tax Changes Expected in Modi 2.0 Government’s First Budget Nirmala Sitharaman will present the first Budget of the second term of the Modi government on July 5. Despite the Modi 1.0 government announcing some tax relief in the interim Budget in February, there are expectations that the finance minister may announce some more relief on the income tax front on Friday but not much.
Read More at Livemint. Pic Credit: Livemint.


SEBI tightens norms for mutual fund investments In a reaction to a series of credit-related events that put investor money at risk, markets regulator Securities and Exchange Board of India (SEBI) on Thursday tightened norms on investments by mutual funds (MFs).
Read More at The Hindu. Pic Credit: The Hindu.

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India’s gold demand could fall to three-year low as prices hit record high India’s gold demand could fall 10% in 2019 from a year ago to the lowest level in three years as record high local prices dent retail purchases during a key festive season, the head of an industry body told Reuters.
Read More at Hindustan Times. Pic Credit: NDTV.
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