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NPCI arm to extend BHIM UPI payments system to Bhutan

The collaboration between NIPL and RMA will enable acceptance of Unified Payments Interface (UPI) powered BHIM app in Bhutan NPCI International Payments Ltd. (NIPL), the international arm of National Payment Corporation of India (NPCI) has announced a partnership with Royal Monetary Authority (RMA) of Bhutan for enabling and implementing BHIM UPI QR-based payments in Bhutan. The collaboration between NIPL and […]

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Ola Electric signs pact to raise $100 million in long-term debt

The 10-year debt of $100 million is towards the funding and financial closure of phase I of Ola Futurefactory — its global manufacturing hub for electric two-wheelers, a statement said. Ola Electric on July 12 said it has signed a $100 million (about ₹744.5 crore) 10-year debt financing agreement with Bank of Baroda. The 10-year debt of $100 million is […]

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DCC clears backhaul satellite connectivity via VSAT for telecom services; ₹19,041 cr BharatNet tender: DoT Secy

“DoT (Department of Telecom) will come out with the tender for the PPP mode rollout of BharatNet in 16 states in seven days,” Mr. Prakash said. The Digital Communications Commission (DCC), formerly the Telecom Commission, has cleared a provision of using satellite connectivity in telecom networks through VSAT terminal to provide services in remote areas where it is difficult to […]

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Ask Us: On investments

Given the impact that COVID-19 second wave has had on banks, NBFCs and firms, any entity that sources deposits at high rates would be quite risky. Q. My dad’s post office senior citizens savings scheme deposit will be maturing. Please suggest an investment option that gives better rates without risks. Srinivasan A. The post office Senior Citizens Savings Scheme, being […]

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Healthcare, travel sectors welcome stimulus

‘Scale up medical infra manifold’ Industry and analysts welcomed the targeted interventions — with a special focus on health and tourism — announced by Finance Minister Nirmala Sitharaman. “The measures to keep enterprises afloat in the aftermath of COVID 2.0 in the form of extending loan guarantees to the healthcare, tourism sectors and small borrowers, in addition to increasing the […]

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Ekki to begin production of Homa products in 6 months

Water technologies provider Ekki Group said it plans to commence assembly of German joint venture partner Homa’s products at its Coimbatore facility in the next six months. The company, which had been selling imported Homa products in India since the JV was set up in 2018, has set up an assembly-test-and-paint unit in Coimbatore. “We have tested the products at […]

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Google announces ₹ 113-crore grant to set up 80 oxygen plants, upskill rural health workers in India

The company is broadening its COVID-19 support efforts to help strengthen India’s healthcare infrastructure and workforce. Tech giant Google on Thursday said Google.org – its philanthropic arm – has announced a grant of ₹ 113 crore ($ 15.5 million) to support procurement and installation of about 80 oxygen generation plants and upskilling of healthcare workers in rural parts of the […]

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‘India to have 330 mn 5G connections by 2026’

4G count to touch 830 mn: Ericsson 5G will represent about 26% of mobile subscriptions in India at the end of 2026 with an estimated subscription base of 330 million, according to Ericsson Mobility Report. At least 40 million mobile users could take up 5G in the first year of it being introduced in the country. Also, 4G subscriptions are […]

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Judge stops Biden administration from blocking new oil and gas leases

Fox Business Flash top headlines for June 15 Check out what’s clicking on FoxBusiness.com. A federal judge in Louisiana issued a preliminary injunction blocking the Biden administration from pausing new oil and gas leases on federal land. Judge Terry A. Doughty of the U.S. District Court in Monroe said the administration doesn’t have the legal right to stop leasing federal […]

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