Crude prices climbed over 1% as supply disruption in the Strait of Hormuz and stalled US-Iran talks kept markets on edge, raising concerns over India’s import bill and fuel marketing losses. Global crude oil prices continued to trade higher on Friday morning amid ongoing supply disruptions through the Strait of Hormuz and little progress in…
In two consecutive sessions, the 30-share pack Sensex has crashed over 1,390 points, or 1.7%, while the Nifty 50 has dropped by 1.8%. Investors lost nearly ₹12 lakh crore in just two sessions. The Indian stock market continued reeling under selling pressure for the second consecutive session on Tuesday, January 20, tracking weak global cues…
Zomato clarified that the higher incentive move for delivery workers on December 31 was a regular process and did not relate to the ongoing strike by gig workers. Food delivery platform Zomato has hiked the incentive for its delivery partners during peak hours and year-end days as the company expects demand to go up during…
In another company development, One 97 Communications Ltd also approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership One 97 Communications Ltd, the parent company of Paytm, has approved the transfer of its offline merchant payments business to its wholly owned subsidiary, Paytm Payments Services Ltd…
Under the new framework, the per-transaction limit for categories aligned with tax payments and other high-value transactions has been raised to Rs 5 lakh, while the daily aggregate limit for most of these categories has been increased up to Rs 10 lakh, depending on the category. In a major move to facilitate high-value digital…