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EPFO Net Member Addition Rises 9% To 18.81 Lakh In September: Report
Retirement fund body EPFO logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month, showed payroll data released on Wednesday.
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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India and Other Developing Nations Demand for Fair Climate Finance Commitments at COP29 Summit
At COP29, India and other developing countries, as part of the LMDC bloc, called for fair and equitable climate finance. Concerns were raised about the predominance of loans in climate funding, which places additional burdens on vulnerable countries. The LMDCs emphasised the importance of holding developed nations accountable for meeting financial ...
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FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
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EPFO Reports Highest Ever Monthly Payroll Additions In July 2024
The Employees' Provident Fund Organisation (EPFO) has reported its highest-ever monthly payroll addition in July 2024, with 19.94 lakh members joining the ranks.
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ISRO Chief S Somanath Expects Budget Requirement to Grow by Up to 30 Percent in Coming Years
The government has allotted nearly 130 billion rupees ($1.55 billion) to India's space department this year. Asked how much he expected funding to increase,ISRO chief Somanath said "something like an additional 20-30%", though "over a long period of time".
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CoinDCX Announces Rs. 50 Crore Investor Protection Fund Following WazirX Hack
CoinDCX crypto exchange has launched a crypto investor protection fund (CIPF) worth Rs. 50 crores. Announcing the CIPF, CoinDCX co-founder Sumit Gupta said that this dedicated fund will provide an additional layer of protection, ensuring that our customers' assets remain secure.
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"Can't Walk Away Now": Biden Renews Calls To Unblock Additional Aid For Ukraine
US President Joe Biden on Friday renewed his call on Republican lawmakers in Congress to unblock additional funding for Ukraine's war against the Russian invasion as Kyiv runs low on ammunition.
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Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoin...
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Adani Green Secures Additional $1.36 Billion Loan To Develop Renewable Energy Project
India's Adani Green Energy said on Tuesday it has received a follow-on funding of $1.36 billion via a green loan from an international bank consortium to help the company expand its renewable power capacity.
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Nasdaq Refiles BlackRock's Bitcoin ETF Application With SEC: Details
Nasdaq refiled an application with the US SEC to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details. The refreshed filing said that Coinbase Global will provide market surveillance in support of the proposed ETF from the world's largest asset manager.
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Pakistan Aims To Generate Billions In New Taxes To Help Seal IMF Deal
Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.
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Amazon to Invest Additional $15 Billion in India, Says CEO Andy Jassy
Amazon.com Inc will invest an additional $15 billion (roughly Rs. 12,297 crore) in India, the company's Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday. The investment will take the e-commerce giant's total India investment across all businesses to $26 billion (roughly Rs. 21,314 crore) by 2030, he said.
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Byju Files Lawsuit Challenging $1.2 Billion Term Loan Acceleration, Seeks Lender Redwood's Disqualification
Edtech major BYJU'S on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the USD 1.2 billion (roughly Rs. 9,916 crore) Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in...
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PhonePe Raises Additional $100 Million Investment From General Atlantic During Ongoing Funding Round
Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million investment from General Atlantic.
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EPFO Net Member Addition Rises 9% To 18.81 Lakh In September: Report
Retirement fund body EPFO logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month, showed payroll data released on Wednesday.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
India and Other Developing Nations Demand for Fair Climate Finance Commitments at COP29 Summit
At COP29, India and other developing countries, as part of the LMDC bloc, called for fair and equitable climate finance. Concerns were raised about the predominance of loans in climate funding, which places additional burdens on vulnerable countries. The LMDCs emphasised the importance of holding developed nations accountable for meeting financial ...
-
FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
-
EPFO Reports Highest Ever Monthly Payroll Additions In July 2024
The Employees' Provident Fund Organisation (EPFO) has reported its highest-ever monthly payroll addition in July 2024, with 19.94 lakh members joining the ranks.
-
ISRO Chief S Somanath Expects Budget Requirement to Grow by Up to 30 Percent in Coming Years
The government has allotted nearly 130 billion rupees ($1.55 billion) to India's space department this year. Asked how much he expected funding to increase,ISRO chief Somanath said "something like an additional 20-30%", though "over a long period of time".
-
CoinDCX Announces Rs. 50 Crore Investor Protection Fund Following WazirX Hack
CoinDCX crypto exchange has launched a crypto investor protection fund (CIPF) worth Rs. 50 crores. Announcing the CIPF, CoinDCX co-founder Sumit Gupta said that this dedicated fund will provide an additional layer of protection, ensuring that our customers' assets remain secure.
-
"Can't Walk Away Now": Biden Renews Calls To Unblock Additional Aid For Ukraine
US President Joe Biden on Friday renewed his call on Republican lawmakers in Congress to unblock additional funding for Ukraine's war against the Russian invasion as Kyiv runs low on ammunition.
-
Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoin...
-
Adani Green Secures Additional $1.36 Billion Loan To Develop Renewable Energy Project
India's Adani Green Energy said on Tuesday it has received a follow-on funding of $1.36 billion via a green loan from an international bank consortium to help the company expand its renewable power capacity.
-
Nasdaq Refiles BlackRock's Bitcoin ETF Application With SEC: Details
Nasdaq refiled an application with the US SEC to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details. The refreshed filing said that Coinbase Global will provide market surveillance in support of the proposed ETF from the world's largest asset manager.
-
Pakistan Aims To Generate Billions In New Taxes To Help Seal IMF Deal
Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.
-
Amazon to Invest Additional $15 Billion in India, Says CEO Andy Jassy
Amazon.com Inc will invest an additional $15 billion (roughly Rs. 12,297 crore) in India, the company's Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday. The investment will take the e-commerce giant's total India investment across all businesses to $26 billion (roughly Rs. 21,314 crore) by 2030, he said.
-
Byju Files Lawsuit Challenging $1.2 Billion Term Loan Acceleration, Seeks Lender Redwood's Disqualification
Edtech major BYJU'S on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the USD 1.2 billion (roughly Rs. 9,916 crore) Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in...
-
PhonePe Raises Additional $100 Million Investment From General Atlantic During Ongoing Funding Round
Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million investment from General Atlantic.
