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The Asian Infrastructure Investment Bank (AIIB) plans to increase its

Top officials from the US and China agreed on Tuesday

JP Morgan maintained its overweight rating on Bharat Electronics with

MUMBAI: In a pointed caution to banks and non-banking financial

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The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

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JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and

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The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

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RBI reviews e-wallets after BluSmart case

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RBI reviews e-wallets after BluSmart case

India’s central bank is scrutinising some digital wallets associated with electric-vehicle players after the sudden collapse of the country’s largest all-EV taxi service left users unable to access money tied to their accounts, people familiar with the matter said.The review of payment tools used in India’s fledgling EV ecosystem is a result of troubles faced by users of app-based ride-hailing service BluSmart’s digital wallet. The events triggered by fraud allegations against the company highlighted the lack of safeguards for users who load money into what’s known as closed-loop wallets to transact on apps, including EV-related services like booking rides or using a charging station.The Reserve Bank of India has begun informal consultations with EV charging-point operators and other app-based EV platforms to assess potential consumer risks, said the people, who asked not to be identified.





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