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Intellectual Conclave titled “North East India, Bangladesh and the Bay of Bengal region in the Indo-Pacific: The Way Forward,” was organized by think tank Asian Confluence in collaboration with the Minister of External Affairs, India (MEA), Embassy of Japan in India, and North Eastern Council in the picturesque city of Shillong on Monday. Ambassador of Japan to India, Hiroshi Suzuki highlighted the necessity to identify the actionable projects for new investments in the region. Focusing on connectivity between India and Bangladesh, High commissioner of Bangladesh to India, Mustafizur Rehman said that connectivity projects must be mutually beneficial. P Kumaran, Special Secretary, Economic Relations & Development Partnership Administration, MEA, emphasized on the projects that are taken up in the Northeast India and explained how robust connectivity between India and Bangladesh could become a game changer for the Bay of Bengal region.

The talent shortage could be putting alternative fund managers at risk as they struggle to recruit compliance professionals for increasingly complex challenges.

Paytm Payments Bank Ltd (PPBL), the Reserve Bank will issue a set of FAQs (Frequently Asked Questions) this week. «Wait for FAQ that will have a set of clarifications related to customers of PPBL as our priority is customers should not be inconvenienced. Customer interest and depositors interest is uppermost for us,» RBI Governor Shaktikanta Das said after the Finance Minister's customary address to the central bank's board. In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Asked if the deadline of February 29 would be extended, Das said, «Wait for the FAQ.

MOSCOW (Reuters) — Russian President Vladimir Putin on Monday said that special attention needed to be paid to containing price rises, while pointing out that inflation was trending lower.

Reserve Bank of India (RBI) issued a directive to Paytm affiliate Paytm Payments Bank, mandating the cessation of a significant portion of its operations by February 29. This includes discontinuing services related to deposits, credit offerings, and its widely-used digital wallets, citing ongoing issues of non-compliance. The Reserve Bank of India may soon release FAQs (Frequently Asked Questions) on all aspects of the decision against Paytm Payments Bank, which will clarify any confusions in the minds of consumers about the RBI's decision against the fintech startup.

Another solid day on Friday for indexes with the Russell 2000 (IWM) building up some nice momentum, but other indexes did not disappoint.

Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the rural economy and that is why it is quite resilient. Puri further says: “We have a core portfolio which, given the growing consumption in India and the opportunity for penetration, the opportunity for per capita consumption is huge, we are saying that we need to scale that up, use that to address adjacencies and also build categories of the future. Some of them start scaling them, some of them incubate them.” Do you think India can sustain 7% growth? Sanjiv Puri: Yes, this is eminently possible. That is the kind of number we should be aiming for at the minimum. You see, growing at 7% which is what is the estimate for the year and beyond this year, at a time when the whole world is struggling, when the global growth is the least in a long period, global trade is significantly lower than what it used to be at that time itself, we are growing at 7%.

Faiz Festival in Lahore's Alhamra, veteran Congress leader and former Union Minister, Mani Shankar Aiyar, highlighted that since PM Modi has consistently failed to secure more than one-third of the votes in elections, the Indian electoral system often translates this into a two-thirds majority in seats. As a result, a significant portion of the Indian population may be inclined towards certain perspectives or actions, Dawn reported.

Indian Oil Corp (IOC) to nominate an arbitrator each within a week to resolve their dispute involving Essar Steel. The apex court also set aside the October ruling of the Delhi high court which had rejected IOC's plea for the appointment of an arbitral tribunal to settle its claims. According to the top court's directive, the nominated arbitrators will need to appoint a third arbitrator to complete the formation of the arbitral tribunal.

«Maybe we are entering into demand month, so prices may go up a little bit. But it is not going to be that steep increase in this quarter,» says Arun Shukla, President & Director, JK Lakshmi Cement. And surely a very good set of numbers, whether you look at it year on year basis or sequentially. But let us talk about realisations is what I want to start with. Because cement prices, they have started seeing a decline since the month of November. Now, what channel checks are suggesting that cement companies may actually take a bit of a price hike as well? Is that something you would concur with? What is your view on this? Yes, we had a very good set of numbers last quarter and kind of actions which we have taken in the last few quarters, that is getting realised now.

Investing.com-- Gold prices moved little in holiday-thinned Asian trade on Monday, with the yellow metal keeping to a trading range established over the past week as traders sought more cues from upcoming U.S. inflation data.

Paytm story is headed. As you know well, even without the regulatory troubles, I didn’t have a high opinion of Paytm, either as an investment or as a business. Now, with the RBI coming down like a ton of bricks on Paytm Bank, things are much worse.

«We expect the market to turn cautious and consolidate in the near term amid key macro data to be announced and the last leg of Q3 results,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Imphal confiscated 19 gold biscuits worth over Rs 1.99 crore from two persons at Imphal International Airport on Sunday. Acting on a reliable source, officers of the anti-smuggling unit of the division moved to the airport’s departure terminal where security staff of Indigo Airlines detained the two, said a statement issued by the division’s deputy commissioner, Rajivkumar Yengkhom. The two have been identified as A Minaketan Sharma of Bhrahmapur Aribam Leikai in Imphal East district and Maibam Priyobrata Singh of Nambol Kongkham Makha Leikai in Bishnipur district.

The CBIC on Saturday cautioned against fraudsters issuing fake GST summons and asked taxpayers to check the veracity of any communication received from GST authorities.In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said the Directorate General of GST Intelligence (DGGI) has recently noticed that some individuals with fraudulent intent are creating and sending fake summons to taxpayers who may or may not be under investigation by the DGGI.

police can be seen threatening the residents on loudspeaker and asking them to not participate in the 13 February protests. In the video, which is reported to be from Haryana, the police personnel can be heard saying that the cases will lodged against those who will participate in the farmer's protest. “Undeclared emergency is in effect! The dictatorial Khattar government of Haryana is announcing in every village that the passports of those who support the farmers in the movement will be canceled and strict action will be taken against them.

MUMBAI : Small investors have been hit hard by the plunge in shares of One97 Communications (Paytm) since the Reserve Bank of India issued curbs on associate Paytm Payments Bank over repeated non-compliance with regulations. Retail investors sharply hiked their stake in Paytm to 12.85% during the December quarter from 8.28% in the preceding three months. Market experts believe that in the absence of clarity on the fate of the payment bank’s operations, the near-term outlook for the company remains bleak.

foreign direct investment (FDI) from China in Paytm Payments Services Ltd (PPSL), a subsidiary of Paytm parent One97 Communications Ltd, PTI reported citing sources. Paytm Payments Services applied for a licence with the Reserve Bank in November 2020 to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, the apex bank rejected PPSL's application in November 2022.

Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said it has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. The assessments were done by CDP, S&P, Sustainalytics and Moody's. While the company secured 'leadership band' in CDP Climate Assessment 2023, it ranked first on the environmental dimension among 324 companies in the transport and transport infrastructure sector by S&P Global CSA 2023, a statement said. The company also secured the top rank in the marine ports sector on a low carbon transition rating by Sustainalytics.

The Congress government is expected to showcase its agenda ahead of the Lok Sabha polls later this year through the Governor's address and presentation of the State Budget, while the opposition BJP and JD(S), which are set to fight the polls jointly, look to show the government in poor light by highlighting the allegations against the administration. The 10-day session, which will commence with Governor Thawaarchand Gehlot's address to the joint session of both houses of the state legislature, will see Chief Minister Siddaramaiah presenting his record 15th Budget on February 16.

The NSE Nifty 50 and BSE Sensex dropped 0.33% and 0.68%, respectively for the week.