RBI permits Reinsurance brokers to open Foreign Currency accounts

RBI has permitted Reinsurance brokers to open non interest bearing foreign currency accounts with banks for undertaking transactions. Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) had issued notification and then RBI issued Foreign Exchange Management (Foreign Currency Accounts ..

Google Pay ties up with MMTC-PAMP India to launch gold buying feature

To make Google Pay more useful for Indian customers, Google has partnered with MMTC-PAMP India to introduce buying and selling of gold through the app. Through this partnership with India’s only London Bullion Market Association (LBMA)-accredited gold refinery, Google Pay ..

Alice G. Vaidyan honored with the Freedom of the City of London

Alice G. Vaidyan, the CMD of the General Insurance Corporation (GIC) of India, has been awarded the Freedom of the City of London in recognition of her work to promote insurance ties between India and the UK. The Freedom of ..

Bombay Stock Exchange ties up with HDFC bank to give boost to startups platform

The Bombay Stock Exchange (BSE) has signed a Memorandum of Understanding (MoU) with HDFC Bank to spread awareness about the benefits of listing on BSE Startups platform. The MoU will also extend value-added support for eligible startups, along with BSE ..

Dream11 becomes India’s first billion-dollar gaming Startup

Dream11 has just become a Unicorn, that is a billion-dollar startup. Few exciting developments have made Dream11 to be India’s first gaming unicorn which has made it to the elite club of privately-held startups valued at $1 billion or more. ..

BSE and India INX company Sign MoU With Moscow Exchange

BSE (Bombay Stock Exchange) and India International Exchange (India INX) of India are the first Indian exchanges to sign a pact with Moscow Exchange (MOEX) of Russia to link investor community and companies in both countries besides allowing a capital ..

1st Bi-monthly Monetary Policy Statement Released

On the basis of an assessment of the current macroeconomic situation, the Monetary Policy Committee at its meeting decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0% from 6.25% with ..

RBI cuts its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0%

The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will ..