NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI), has partnered with UAE-based fintech firm Magnati to enable Unified Payments Interface (UPI) transactions for Indian tourists. This collaboration aims to streamline QR-based UPI merchant payments across the UAE, marking a significant advancement in cross-border digital payment systems. UPI …
On January 16, 2025, India celebrates 9-year of Startup India, a transformative initiative launched in 2016 to foster entrepreneurship and innovation. Designated as National Startup Day, this milestone highlights India’s remarkable journey towards becoming the world’s third-largest startup ecosystem. Growth of the Startup Ecosystem As of January 15, 2025, India proudly hosts over 1.59 lakh …
The Securities and Exchange Board of India (SEBI), in collaboration with the National Institute of Securities Markets (NISM), has introduced an innovative e-learning course on municipal bonds. Designed to foster knowledge and skills, this initiative aims to help municipal corporations, urban local bodies, and other stakeholders understand how to leverage municipal bonds for urban infrastructure …
The Nifty 50 index witnessed a modest recovery ahead of its weekly expiry, showing a gradual upside on Tuesday, January 14, 2025, and extending this momentum on Wednesday, January 15, 2025. The index traded within a range-bound manner, oscillating between 23,150 and 23,300 levels. Despite the constrained movement, the Nifty 50 managed to close above …
On Wednesday, January 15, 2025, the benchmark indices, BSE Sensex and NSE Nifty50, closed higher for the second consecutive session. The 30-share Sensex gained 224.45 points, or 0.29%, closing at 76,724.08. During the day, the index fluctuated between a high of 76,991.05 and a low of 76,479.70. The NSE Nifty50 also ended in the green, …
The Tata Group has joined hands with the Indian Institute of Science (IISc) to establish the Tata IISc Medical School at the IISc Bengaluru campus. Marking a significant milestone, this initiative focuses on fostering innovation and excellence in medical education and research. An MoU was signed on January 14, with Tata Group committing Rs 500 …
As per reports, Tata Electronics made significant advancements in iPhone production during 2024, solidifying its role in Apple’s supply chain in India. After acquiring Wistron’s iPhone manufacturing facility in Karnataka’s Narsapura in October 2023, the company substantially increased its production, exports, and workforce. Surge in Production and Exports The Narsapura facility, now operated by Tata …
The capital market regulator, the Securities and Exchange Board of India (SEBI) has released a new proposal to promote the dematerialisation (demat) of securities. Under the new proposal, all the listed companies are required to issue securities exclusively in demat form following corporate actions such as stock splits, share face value consolidations, mergers, or demergers. …
Asian markets advanced on Wednesday, January 15, 2025, buoyed by cautious optimism ahead of key US inflation data that could provide insights into the Federal Reserve’s future interest rate decisions. Gains in Japan and South Korea lifted the MSCI Asia Pacific Index, which climbed 0.4%, marking its second consecutive session in the green. Asian Markets …
The BSE Sensex ended its 4-day losing streak on January 14, 2025, rising 169.62 points (0.22%) to close at 76,499.63. During the session, it fluctuated between a high of 76,835.61 and a low of 76,335.75. Similarly, the NSE Nifty50 closed in the green with a gain of 90.10 points (0.39%), settling at 23,176.05 after trading …
