Merchant bankers decline to help CIL with due diligence
This is likely to delay the company’s foreign ventures since it will now have to look for second rung bankers ready to offer services to the coal sector.
Banks approve reduced fees for UPI, RuPay
After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactio...
Without merchant fees, banks say they can’t reimburse payment companies
At the centre of this demand is Delhi’s decision to remove the MDR for all digital transactions.
Paytm expects 25 million merchant bases by next year: Official
Paytm said that it will be on-boarding 1.5 million merchants from Andhra Pradesh and Telangana in the next six months and it is targeting to double the business growth in these states within a year.
BlackRock to exit black diamond
“With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector," the world’s largest money manager with $1.8 trillion in assets under management, said in a letter to its clients.
Paytm to get two million merchants on board from the eastern region in 2020
Paytm has also launched its all-in-one Paytm QR into various utility items such as calculator, power bank, clock, pen stands and radio which merchants can use in their shop for daily requirement.
Despite recovery signs, gem & jewellery exports may dip 2-5%
There will be some recovery in demand in fourth quarter.
Trade deal hopes may aid diamond exports
Cut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
GJEPC seeks reduction in import duty in Budget
The council has urged to reduce the import duty on gold, silver and platinum from 12.5 per cent to 4 per cent.
Digital payment gains should be used to acquire merchants, says Nirmala Sitharaman
The prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay debit cards and Unified Payments Interface (UPI) devices from January 2020.
Gujarat: Surat businessman makes PM Modi's portrait in diamond
To show his love for Prime Minister Narendra Modi, a businessman shaped the map of India out of a real diamond, with Prime Minister Narendra...
Paytm launches all-in-one QR for merchants
This QR will enable merchants to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee, Paytm Founder and Chief Executive Officer Vijay Shekhar Sharma said at the launch.
NMDC lined up to mine multibillion-dollar diamond deposit
The central state of Madhya Pradesh has asked NMDC to explore the Bunder deposits, which could contain millions of carats of diamonds, Neeraj Mandloi, principal secretary at the state's Mineral Resource Department. The state government last month awarded a smaller portion of the deposit to Essel Mining & Industries.
Divine Solitaires enters into e-commerce space
A growing interest and the preference of millennials and the GenZ to shop luxury and lifestyle goods online has resulted in an upward moving market trend in India.
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