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Anant Ambani’s board induction: Why more streaks of black in grey-haired clubs
At the Reliance Industries Ltd (RIL) annual general meeting in August, Chairman Mukesh Ambani said his three children — daughter Isha and sons Akash and Anant — would be inducted on the board as non-executive directors, while he would continue as chairman and managing director for another five years. Now, Ambani’s youngest son, Anant, is … Read more
IMPS new money transfer rules: Soon, send up to Rs 5 lakh with mobile no. & bank name; add beneficiary, IFSC, account not needed
In a move to simplify and streamline bank account transfers, the National Payments Corporation of India (NPCI) is set to facilitate hassle-free fund transfers of up to Rs 5 lakh without the need to add a beneficiary, states an ET report. The revised Immediate Payment Service (IMPS) will soon allow users to make secure and … Read more
Zomato launches Xtreme
Zomato has launched intra-city parcel delivery app Xtreme the service will allow merchants to send and receive small parcels within the city packages can weigh up to 10 kgs with the price starting at Rs 35 aim is to leverage Zomato’s existing fleet of 3lakh+ riders for additional revenue it will compete with Swiggy’s Genie, … Read more
microsoft: $69 Billion Deal: Microsoft takes over Call of Duty producer, Activision Blizzard
UK regulators have approved Microsoft’s revised bid for the acquisition of Activision Blizzard, after initially blocking the deal. The revised agreement will see Microsoft cede distribution rights for Activision’s games to Ubisoft, while still retaining control over popular titles like ‘Call of Duty’. After two-year-long effort to secure the gaming industry’s most substantial takeover, the … Read more
RBI stops BoB onboarding new customers on Mobile App
The app in question is Bob World. “This action is based on certain material supervisory concerns observed in the manner of onboarding their customers onto this mobile application,” the RBI said. “Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening … Read more