Services Financial News

State Bank of India (SBI) on Wednesday launched 'Mobile Handheld Device' to provide banking services to its financial inclusive customers. The move is aimed at enhancing accessibility, convenience in availing banking services and to empower financial inclusion and extend essential banking services to the masses. «The Mobile Handheld Device is set to revolutionize banking accessibility by bringing kiosk banking directly to customer’s doorstep.

Stock market today: Updater Services IPO today listed on Indian bourses at 5 per cent discount. Updater Services share price opened on NSE at ₹285 per equity share but it witnessed sharp upside after discounted listing and hit intraday high of ₹298.65 apiece, paring almost losses of the allottees that they incurred after listing.

exports climbed 8.4% year-on-year to $28.72 billion in August, while imports fell 0.8% to $15.10 billion, provisional data by the Reserve Bank of India (RBI) showed on Tuesday. Data released by the government last month showed services exports were $26.39 billion in August, while imports were $13.86 billion. The RBI's numbers are provisional, but further updated, and final figures are usually published quarterly as part of the country's overall balance-of-payments data.

Updater Services IPO: Listing date of Initial Public Offering (IPO) of Updater Services Limited has been fixed on 4th October 2023 i.e. today.

«Financial inclusion,» defined as individuals and businesses having access to useful and affordable financial products, has declined in the U.S., according to new industry research.

Sygnum Singapore, a subsidiary of the Switzerland-based cryptocurrency bank Sygnum, has received approval for its Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS) to be able to provide crypto brokerage services to accredited investors and institutions in Singapore.

The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at the close. The issue comprised fresh equity of Rs 400 crore and an offer for sale (OFS) of 80 lakh shares by promoter and other selling shareholders. The company priced the IPO in the range of Rs 280-300 per share.

Vedanta Ltd. with a target price of Rs 250.

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MAS Financial Services, a micro, small and medium enterprises (MSME) financer, has gained 16% over the past three months compared with the 1.4% gain in the S&P BSE Financial Services index. The company has been reporting healthy growth momentum in loan assets and a stable asset quality. With a focus on direct distribution, the lender expects to double the loan book every three-four years.

Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore's Payment Services Act.

Updater Services Limited IPO allotment status: The share allotment of Updater Services IPO has been finalized and the investors who applied for the IPO can check the allotment status with its registrar's portal Link Intime. The investors can also know about their allotment status from the website of Bombay Stock Exchange (BSE) or National Stock Exchange (NSE). To check your Updater Services IPO allotment status from the website of the registrar, the investors have to visit the official website of Link Intime.

share allotment of Updater Services was likely finalised on Friday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

London Underground workers and train drivers across the rail networks are gearing up for strikes in September and October. The strikes are part of an ongoing dispute over pay and working conditions, led by the RMT (Rail, Maritime and Transport union) and ASLEF (The Associated Society of Locomotive Engineers and Firemen). ASLEF represents train drivers, while RMT represents a wide range of rail industry workers, including station staff and guards. Who and When: RMT members working on the London Underground are scheduled to strike on the following dates, affecting thousands of Tube staff:

ANI. 1. As per Northern Railway, Train Number 04591 from Ludhiana-Chheharata Special JCO from 28.09.2023 to 30.10.2023 shall be short terminated at Mananwala while 04592 Chheharata -Ludhiana Special JCO from 28.09.2023 to 30.10.2023 shall short originate from Mananwala.

telecom department’s view that cloud services come within the jurisdiction of the Ministry of Electronics & Information Technology (MeitY) as well as the latter’s suggestion that any light-touch regulation would stifle growth of India’s cloud ecosystem. The regulatory authority further reiterated it had the powers to make recommendations on cloud services. In its response to a Department of Telecommunications (DoT) back-reference, the Telecom Regulatory Authority of India (Trai) has stuck to its earlier position that cloud infrastructure/services can’t be separated from telecom infrastructure/services from a regulatory perspective, and that in an age of convergence, regulatory interventions must happen as and when required in the case of cloud services to protect customer interests. Back in September 2020, Trai had recommended a light-touch regulatory framework for cloud services via setting up of an industry body through a three-step process.

Vancouver Sun. Notably, Khalistani extremist Nijjar had been designated a ‘terrorist’ by the Indian government in 2020. "Exciting news! Mint is now on WhatsApp Channels

PTI that while some trains were cancelled, routes of several trains have been diverted while some trains are being short terminated due to the three-day stir. The protesting farmers led by Kisan Mazdoor Sangharsh Committee said the agitation against the Union government will continue till 30 September. Several farmer groups, including the Kisan Mazdoor Sangharsh Committee, Bharti Kisan Union (Krantikari), BKU (Ekta Azaad), Azaad Kisan Committee Doaba, BKU (Behramke), BKU (Shaheed Bhagat Singh), and BKU (Chottu Ram), are participating in the protest.

Plada Infotech Services IPO: The initial public offering (IPO) of Plada Infotech Services Limited has opend for subscribers today and it will remain open for bidding till 5th September 2023. The public offer has been made available at a fixed price band of ₹48 per equity share.

On Tuesday, renowned author and financial literacy advocate, Robert Kiyosaki, sparked off a spirited debate in the cryptocurrency sphere with his remarks on the future of Bitcoin and the US dollar. 

₹280 to ₹300 per equity share of face value of ₹10. Updater Services IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels