RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

Almost Rs 12,000 crore, or 80 percent, of online wallet transactions in the country are at risk of going back to cash, as online wallet players fear losing customers because of the Reserve Bank of India’s KYC rule. An RBI...
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Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild...
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ASK Property to invest Rs 1,000 cr in housing projects

ASK Property to invest Rs 1,000 cr in housing projects

Financial services firm ASK group will invest over Rs. 1,000 crore as private equity in housing projects this fiscal despite demand slowdown and uncertainty in the market after the new realty law came into effect. ASK group, which invested Rs. 700 crore in...
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Nifty Closes Above 10,000, Sensex Falls 73 Points; Midcaps, Smallcaps Outperform

Nifty Closes Above 10,000, Sensex Falls 73 Points; Midcaps, Smallcaps Outperform

The BSE Sensex took a breather on Friday after hitting record highs in previous two sessions, as disappointing quarterly earnings weighed on bank and pharmaceutical shares. Sensex closed 0.22 per cent or 73.42 points lower at 32,309.88 after falling as...
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Sensex Ends Flat, Nifty Holds 10,000 Level; IT, Pharma Shares Fall

Sensex Ends Flat, Nifty Holds 10,000 Level; IT, Pharma Shares Fall

Indian equity indices ended flat on Thursday, as last hour selling in IT shares and market heavy-weight Reliance Industries, offset gains made by HDFC, HDFC Bank and Yes Bank. The Sensex closed 0.84 points higher at 32,383.30 and the Nifty...
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Federal Bank Launches Rs. 2,000 Crore Share Sale To Institutions

Federal Bank Launches Rs. 2,000 Crore Share Sale To Institutions

Mumbai: Private sector lender Federal Bank Ltd has launched a share sale to raise Rs. 2,000 crore, with an option to increase the amount by Rs. 500 crore, according to a deal term sheet. Federal Bank said in a regulatory...
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