Finance

RBI imposes curbs on Mastercard over data storage

In a major blow to payment services major Mastercard Asia/Pacific Pte Ltd, the Reserve Bank of India (RBI) on Wednesday imposed restrictions on on-boarding...

Cabinet approves continuation of Ayush Mission

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the National Ayush Mission as a centrally sponsored scheme...

VCFs in tax net as service rendered to investors liable to pay service tax

Venture Capital Funds (VCFs), operating in the country, will have to pay service tax on gains they make on managing investors' money as an...

Covid 2.0 unleashes credit stress for MFIs, small NBFCs

The impact of the second Covid wave has raised concerns over the recovery of the microfinance (MFIs) and the small NBFC sector, which was...

Sensex in red after choppy start; HDFC Bank, RIL fall

The key Indian equity indices traded in the negative territory on Thursday morning after a choppy start to the session, with the BSE Sensex...

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