Business News Highlights Today
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Latest news on August 26, 2024: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai.
Business News highlights Today: Follow for stories on Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani as we bring you everything that is happening in the world of business. Track latest gold and silver prices as well here. Stay on top of all things business with us. Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.…Read More
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Aug 26, 2024 3:55 PM IST
Business News LIVE Updates : RBI to launch Unified Lending Interface to transform lending space
- Shaktikanta Das revealed plans to launch Unified Lending Interface (ULI) nationwide, aiming to digitize access to credit, especially for agricultural and MSME.
Insight: Revolutionizing Access to Credit
The introduction of the Unified Lending Interface by the RBI marks a significant step towards digitizing credit access, particularly benefiting agricultural and MSME sectors. This move aligns with the ongoing digital transformation trends in the financial sector.
Aug 26, 2024 3:21 PM IST
Business News LIVE Updates : Another setback for Paytm: Shares fall 9% on Sebi notice to Vijay Shekhar Sharma
Aug 26, 2024 2:55 PM IST
Business News LIVE Updates : Wish to buy gold during festivals? Buying spree likely due to duty cut
- India’s gold demand is expected to rise during the festive season as reduced import duties make prices more attractive.
Aug 26, 2024 2:17 PM IST
Business News LIVE Updates : Paytm’s Vijay Shekhar Sharma faces Sebi show-cause notice over IPO breaches: Report
- Sebi issued show-cause notices to Paytm’s Vijay Shekhar Sharma and board members over alleged IPO misrepresentation in 2021.
Insight: Regulatory Challenges for IPOs
The regulatory scrutiny faced by Paytm highlights the importance of accurate disclosure in IPO processes. Investors and regulatory bodies are closely monitoring compliance standards to uphold market integrity.
Aug 26, 2024 2:10 PM IST
Business News LIVE Updates : IBM to cut 1,000 jobs in China, likely to move some offices to Bengaluru: Report
- IBM is shutting down research and testing business lines in China, affecting over 1,000 jobs. The company may shift R&D functions to locations like Bengaluru.
Insight: Global Workforce Shifts
The decision by IBM to consolidate its operations by relocating jobs from China to Bengaluru signifies a strategic move in response to evolving market dynamics. Such shifts reflect the adaptability of major corporations in optimizing their workforce.
Aug 26, 2024 1:23 PM IST
Business News LIVE Updates : Telegram to be banned in India? Company being probed, report claims
- Indian authorities are probing Telegram over extortion and gambling concerns. The investigation could result in a ban, led by I4C under MHA and MeitY.
Insight: Regulatory Scrutiny in Social Media
The investigation into Telegram underscores the regulatory challenges faced by social media platforms. Addressing concerns related to content and user safety remains a key focus for regulatory bodies worldwide.
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