Page 4 - Bs Reporter

IIT-M to develop tech to upcycle paddy waste for making supercapacitors

The technology will provide an additional source of income to farmers, help reduce stubble burning in North India

Merchant payment via wallets on UPI to attract 1.1% interchange from Apr 1

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets

Warburg sells 2.3% stake in Kalyan Jewellers, mops up Rs 257 crore

PE major's holding in the Thrissur-based gold retailer falls to 24.06% from 26.36%; Shares of Kalyan Jewellers dip 9.1% to end at Rs 107.9 on the NSE

Industry majors welcome Irdai move to remove cap on agent commissions

Insurance regulator has replaced earlier cap on commission payments with overall cap on expenses; move is seen to provide more flexibility to insurers in managing their expenses

MFs open international funds for investments ahead of new tax rules

Franklin Templeton, Mirae Asset, Edelweiss mutual funds resume international schemes

Deadline for nomination for demat, trading accounts extended till Sept 30

Decision taken on the basis of assessment of accounts where it has not been updated yet, says Sebi

YES Bank shares in focus with SC likely to hear appeal in AT1 bond matter

If top court rules in favour of bondholders, Yes Bank shares could see a selloff as its capital base gets eroded, impeding its growth prospects; other banks, especially PSBs, may be impacted too

After ouster from top-5 club, Indian mkt now risks losing $3-trn m-cap tag

The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak

Credit card spends dip in Feb but top Rs 1 trn for 12th straight month

February typically sees a slight dip in spends compared to other months because it has fewer days. In January, spends had touched Rs 1.26 trillion, the second highest figure ever

Quantum computing-based telecom network link now operational: Vaishnaw

A quantum network transmits quantum bits (qubits) that can simultaneously take the value of zeros and ones thus making it more difficult to break end-to-end encryption

Full-KYC Paytm wallets can now make payments across all UPI QR codes

Move comes after NPCI announces KYC wallet interoperability

HCLTech launches service to help companies use metaverse for customers

Platform will serve financial services, telecom, manufacturing healthcare and other sectors

Merlin Group plans to develop a World Trade Center in Kolkata

The oldest World Trade Center in India is in Mumbai. There are Centers in Bangalore, Chennai, New Delhi, Noida, Pune, among others

BoB-backed IndiaFirst Life Insurance gets regulator approval for IPO

Company seeks to raise about Rs 500 cr from fresh issue of shares, draft papers say

Air traffic to grow 20% in FY24 as Indian carriers add 132 aircraft: Report

Turbine fuel cost and declining yields to put pressure on airlines, says CAPA India

SBI MF schemes buy 2.2% stake worth Rs 757 cr in HDFC AMC in open market

US-based investment firm GQG Partners offloads 1.16% holding; shares exchanged at average price of Rs 1,600 each

Don't change anything to please market, Rajiv Jain tells Adani Group

Chairman of GQG Partners says group has 'remarkably good assets'

RBI fines RBL Bank Rs 2.27 cr for failure on internal ombudsman scheme

Other charges levied against lender include non-compliance with RBI norms on credit card operations, code of conduct in outsourcing of financial services, and recovery agents engaged

FC Madras unveils new FIFA-compliant football facility at Mahabalipuram

Freshworks promoter Girish Mathrubootham is also the founder of the facility

Shankar Vanavarayar becomes chairman of CII Tamil Nadu State Council

He was also the National Chairman of CII's Young Indians in 2011-2012