MUMBAI: Zee Entertainment Enterprises will be rationalising its workforce by 15%, its latest move to reduce costs after the cancellation of a merger deal with Sony India. It did not specify the exact number of employees who would be affected by the rationalisation. Three days ago, its MD Punit Goenka said he will take a…
MUMBAI: RBI has allowed non-banks to issue wallets for the central bank digital currency, also known as eRupee. RBI has also launched “programmable CBDCs”, which will be issued to farmers for restricted usage of buying farm inputs, a move which may pave the way for fertiliser subsidies to be routed through this mechanism.For example, govt…
Mumbai: RBI‘s monetary policy committee on Friday decided to keep interest rates on hold for the seventh successive meeting, stating that “growth has surpassed all projections but cautioned that food price uncertainties continue to weigh on the inflation trajectory going forward”. RBI governor Shaktikanta Das said, “Two years ago, when inflation was at its peak…
New UPI features: RBI governor Shaktikanta Das on Friday announced two new features or measures for Unified Payments Interface (UPI) users, with an aim to enhance ease of transactions and cash deposits. The new announcements were made by Shaktikanta Das as a part of RBI’s monetary policy statement.The two new UPI features allow users to…
NEW DELHI: Air India‘s chief, Campbell Wilson, on Friday informed employees in his recent message that the airline is in the process of finalizing numbers for the annual appraisal, effective from April 1. Wilson indicated that the news regarding appraisals will be shared with the staff once all necessary steps are completed in the upcoming…
UPI Access for Prepaid Payment Instruments (PPIs) through Third Party App: The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced in his monetary policy committee (MPC) statement that individuals can now use prepaid payment instruments like digital wallets to make payments via UPI through third-party apps. RBI Governor Shaktikanta Das highlighted that…
RBI Monetary Policy Meeting: “The elephant has now gone out for a walk,” said RBI governor Shaktikanta Das as part of his monetary policy statement. So what did Shaktikanta Das mean and what is this elephant that he spoke of? The Reserve Banking of India (RBI) in its first Monetary Policy Committee (MPC) meeting for…
Now you can deposit cash at Cash Deposit machines using your UPI! RBI governor Shaktikanta Das made this announcement as a part of the RBI Monetary Policy Committee (MPC)’s policy statement today. Source link
BENGALURU: Four years after it became a rage during the pandemic, the Indian IT services industry is still grappling with moonlighting, forcing companies to enlist background verification firms to conduct dual-employment checks before onboarding new hires.While moonlighting — where employees take on external paid gigs while being full-time staff of a company — was as…
MUMBAI: HDFC Bank has reported a record addition of Rs 1.66 lakh crore in deposits for the quarter ended March 2024, in an attempt to bridge the gap between its loan book and deposits following the merger of HDFC with itself. A significant 77% of the incremental deposits (Rs 1.28 lakh crore) came from retail…
