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Industry welcomes new drone rules, sees Rs 50,000 crore market potential

Says rules can create 500,000 jobs in five years, will open up opportunities for indigenous manufacturing of delivery drones and drone taxis to make India future ready

RBI promotes Ajay Kumar as Executive Director effective August 20

Prior to becoming ED, Kumar was heading RBI's New Delhi Regional Office as regional director

PhonePe gets in-principal nod from RBI to operate as an account aggregator

Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data

IsGoingOnline raises Rs 1.5 cr in pre-Series A led by Artha Venture Fund

Unicorn India Ventures, SEA Fund, and Brookfield Asset Management's former Managing Partner Devdatt Shah, also participated in the round

Govt launches SAMRIDH scheme to help startups in their initial phase

SAMRIDH will create a conducive platform for Indian software product startups to enhance their products and secure investments for scaling their business

Over 600 mn Covid-19 vaccine doses administered in India, says govt

India took 85 days to touch the figure of 100 million

Covid-19 pandemic: India needs to focus on vaccinating more, says Guleria

He said that there was not enough evidence that a booster dose would be beneficial

Working with RBI to ensure customers don't have to key in card number: PCI

The RBI's new rules are supposed to kick in from January 2022

RBI extends tokenisation services to IoT devices

Tokenisation refers to generating random numbers instead of the actual card numbers keyed in during transactions.

RBI okays Hitendra Dave as HSBC India head for three years starting Aug 24

Dave is a General Manager within the HSBC Group and a member of the Asia Pacific Executive Committee of HSBC

Govt launches SAMRIDH Scheme to help startups in the early stage

The SAMRIDH initiative will not only provide funding to startups, but will also help in bringing skill sets together which will help them become successful

Agritech robotics startup TartanSense raises $5 mn in Series-A funding

TartanSense builds small agricultural robots, equipped with AI-assisted computer vision, to help small farms prune expenses and improve incomes

Supply chain firm Delhivery acquires Spoton Logistics for unknown sum

Samara Capital and Xponentia, which together acquired Spoton from IEP in 2018, are making a full exit for cash as part of the deal

D2C fashion firm Bewakoof raises Rs 60 cr in pre Series-B funding

Round was led by InvestCorp with participation from IvyCap Ventures and Spring Marketing Capital; with this the firm has so far raised Rs 170 cr

Exports to ASEAN estimated at $46 billion in FY22, says Anupriya Patel

India's engineering exports during April-July was $35.3 billion and is expected to achieve the target set for fiscal 2021-22 at $ 105 billion

REITs, InvITs to be part of Nifty indices from September 30: NSE

The changes shall become effective from September 30

Titan case: Sebi penalises 6 people for violating insider trading rules

Sebi had received a letter from Titan, intimating the regulator about contravention of insider trading norms

RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

The shareholders at the annual general meeting held on August 9, 2019, had already approved the appointment of Bakhshi for a period effective from October 15, 2018, upto October 3, 2023

Visa repositions its brand to shed cards entity image

It wants to be known as a payments network and player in the digital payments arena

IBM to set up Software Lab in Ahmedabad: Check details here

Proposed expansion is aligned with IBM's vision to shape future of software development through an open, secure, decentralized architecture that helps clients automate, secure, modernize and predict