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Bank of Baroda Pilots Industry-First “Merchant Loyalty/ Cashback Programme”

Bank of Baroda Pilots Industry-First “Merchant Loyalty/ Cashback Programme”

Merchant Use Case through Programmable CBDC Chandigarh: Bank of Baroda (Bank), one of India’s leading public sector banks, under the guidance of Reserve Bank of India, today announced the pilot launch of a new functionality for merchants built on the “Programmability” functionality of Central Bank Digital Currency (CBDC) – the “Merchant Loyalty/ Cashback Programme” in collaboration with a fintech company. This industry-first initiative enables small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed by large brands, using Bank of Baroda’s “bob Merchant App”. Merchants such as local retail shops, grocery stores, pharmacies etc…
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HPCL and Tata Motors Launch Genuine DEF for Enhanced Commercial Vehicle Performance

HPCL and Tata Motors Launch Genuine DEF for Enhanced Commercial Vehicle Performance

This high-quality DEF solution will drive optimal vehicle performance, boost drivetrain efficiency, and extend vehicle longevity CHANDIGARH/LUDHIANA: Hindustan Petroleum Corporation Ltd. (HPCL), a Maharatna Oil Company, and Tata Motors, India’s largest commercial vehicle manufacturer, have partnered to introduce their co-branded Genuine Diesel Exhaust Fluid (DEF). This high-quality DEF solution will drive optimal vehicle performance, boost drivetrain efficiency, and extend vehicle longevity. Produced in BIS-approved facilities that meet the highest industry standards, this co-branded Genuine DEF is being made available via HPCL’s extensive retail network of 23,000 fuel stations across the country, ensuring ready availability and easy access for customers. An…
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Bharat Value Fund (BVF) Invests INR 130 Crore in Veira Electronics

Bharat Value Fund (BVF) Invests INR 130 Crore in Veira Electronics

Veira Electronics Private Limited is one of India’s first contract manufacturer to collaborate with Samsung for their Tizen OS Chandigarh: Veira Group is a prominent Indian manufacturer specializing in consumer electronic products. The company has a diverse portfolio that includes LED TVs, washing machines, air coolers, and multimedia speakers. The investment marks successful closure of its Pre-IPO placement round. Veira Group operates two state-of-the-art facilities in Noida, Uttar Pradesh, enabling the production of up to 3 million TVs annually for both domestic and international markets. These facilities are equipped with modern technologies, including vacuum-controlled, zero-dust clean rooms, AOI machines, and…
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SUCCESSFUL IMPLEMENTATION OF DIRECT PAYOUT SETTLEMENT FOR SECURITIES

SUCCESSFUL IMPLEMENTATION OF DIRECT PAYOUT SETTLEMENT FOR SECURITIES

The mechanism strengthens market integrity and operational efficiency Mumbai: The Market Infrastructure Institutions (MIIs), comprising Exchanges, Clearing Corporations and Depositories, have successfully implemented the Direct Payout Settlement mechanism for securities on February 25, 2025, under the guidance of Securities and Exchange Board of India (SEBI). This initiative enhances efficiency, transparency, and investor protection, ensuring seamless direct credit of securities to clients’ demat accounts. The mechanism strengthens market integrity and operational efficiency. National Stock Exchange of India (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest…
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SEBI would be initiating appropriate legal steps to challenge the Order of ACB Court

SEBI would be initiating appropriate legal steps to challenge the Order of ACB Court

Order in respect of allegations pertaining to the listing of a Company Mumbai: A Miscellaneous Application was filed before the ACB Court, Mumbai against the former Chairperson of SEBI, three current Whole Time Members of SEBI and two officials of the BSE. The application sought directions for the Police to register an FIR and investigate into the alleged irregularities in granting listing permission to a Company on the Bombay Stock Exchange in 1994, without complying with the provisions of the SEBI Act, 1992, SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015. Even though these officials were not holding…
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Safe Investment: External Reasons and Domestic Fall

Downfall in Indian Stocks and Mutual Funds, wealth of Indian retail investors badly hits Lavanya Singla Chandigarh: The Indian share market has witnessed a significant downfall in recent times, driven by a combination of domestic and global factors. This decline has led to considerable volatility, affecting investor sentiment and economic outlook. One of the primary reasons behind this downturn is global economic uncertainty. Rising inflation across major economies, aggressive interest rate hikes by central banks like the US Federal Reserve, and fears of a global recession have created a ripple effect on emerging markets like India. As foreign institutional investors…
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GDP: In Q3 India’s GDP grows at 6.2%, FY25 forecast revised to 6.5%

GDP: In Q3 India’s GDP grows at 6.2%, FY25 forecast revised to 6.5%

Real GDP has been estimated to grow by 6.5% in FY 2024-25. New Delhi: India’s real gross domestic product (GDP) growth for the third quarter (Q3) of financial year 2024-25 (FY25) was 6.2%. The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), released these Statistics on Friday. Real GDP has been estimated to grow by 6.5% in FY 2024-25. Nominal GDP is expected to witness a growth rate of 9.9% in FY 2024-25. Both the growth rates are revised upward from their respective First Advance Estimates. This growth has been contributed by double-digit growth rates in ‘Manufacturing’ sector (12.3%),…
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National Stock Exchange of India (NSE) and Government of Goa Join

National Stock Exchange of India (NSE) and Government of Goa Join

Hands to Launch ‘Student Skilling Program’ in BFSI Sector Goa:  The National Stock Exchange of India (NSE) and the Government of Goa have joined forces to launch the ‘Student Skilling Program’ aiming to equip the youth of Goa with industry relevant skills in Banking, Financial Services, and Insurance (BFSI) sector. A Memorandum of Understanding (MoU) has been signed between the two entities, marking a significant step towards empowering young individuals with industry-relevant skills and enhancing their employability in the BFSI sector. Goa is the 5th state after Uttarakhand, Meghalaya, Chhattisgarh and Assam to partner with NSE on skilling youth. The…
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Atmanirbhar Investor: CDSL IPF conducts Investment Awareness Program for Students

Atmanirbhar Investor: CDSL IPF conducts Investment Awareness Program for Students

Program focused on promoting financial literacy and empowered investors to make informed decisions regarding their investments in capital markets  Mohali: CDSL Investor Protection Fund (CDSL IPF) organized an investment awareness program for students in Jhanjeri, Chandigarh. The initiative was organized in Chandigarh Group of Colleges, Jhanjeri, Chandigarh.  The program focused on promoting financial literacy and empowered investors to make informed decisions regarding their investments in capital markets, while also delving into the core principles of investing. Committed to spreading financial literacy, CDSL IPF will continue to deliver more investor awareness programs nationwide this year. To ensure the initiative covered a wide audience, the…
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NSE and Government of Assam sign MOU to skill youth in BFSI sector at Advantage Assam 2.0

NSE and Government of Assam sign MOU to skill youth in BFSI sector at Advantage Assam 2.0

This project will enhance employability and self-employment opportunities in the BFSI sector. Mumbai: National Stock Exchange (NSE), India’s leading stock exchange and the Government of Assam signed a Memorandum of Understanding (MoU) to implement a student skilling program for the youth of Assam in the Banking, Financial Services and Insurance (BFSI) sector at the Advantage Assam 2.0 Summit. Assam is the 4th state after Uttarakhand, Meghalaya and Chhattisgarh to partner with NSE on skilling youth. The MOU was exchanged between Shri Narayan Konwar, Secretary, Higher Education Department, Government of Assam and Shri Sriram Krishnan, Chief Business Development Officer, NSE, in…
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