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₹400 crore and an offer for sale (OFS) of up 8,000,000 equity shares of face value of ₹10 each by a promoter and others. Promoter Tangi Facility Solutions Private Ltd will offload 40 lakh shares in the IPO and two private equity funds, India Business Excellence Fund-II and India Business Excellence Fund–IIA, will sell 8 lakh and 32 lakh shares, respectively.

Finance Minister Nirmala Sitharaman on Tuesday expressed concern over the slow progress of computerisation in Regional Rural Banks (RRBs) and urged them to speed up the process to strengthen credit delivery in rural areas.There is still a lot of work to do in digitising RRBs and cooperative banks, she said after launching the ‘Kisan Rin Portal’ and Weather Information Network Data Systems (WINDS) manual here.Cooperative banks are not equally endowed, and their financial health varies, she said, adding ramping up capacity in the sector is taking place under the Ministry of Cooperation headed by Home Minister Amit Shah.

Citigroup has introduced Citi Token Services, a private, permissioned blockchain that offers cross-border payments, liquidity and automated trade finance solutions to institutional clients. The new services “will integrate tokenized deposits and smart contracts into Citi’s global network,” according to a statement.  

Department of Telecommunications (DoT) has removed over-the-top (OTT) players, or apps, from the definition of telecommunication services in the Telecom Bill, giving huge relief to communication service providers such as WhatsApp, Signal and Telegram, which will thus remain out of telecom regulation. The DoT believes the existing definition under Indian Telegraph Act is good enough and there is no need to specifically put OTT in the new Bill. «We (DoT) don't have any intent to regulate OTT.

The United States House Financial Services Committee is going forward with the legislative measures aimed at controlling the issuance of a digital dollar.

ALSO READ: Mobile internet services suspended in Haryana's Nuh The government said that the order has been issued "To stop the misinformation and rumours through various social media platforms, such as Whatsapp, Facebook, twitter, etc. on mobile phone and SMS, for facilitation and mobilisation of mobs of agitators and demonstrators who can cause serious loss of life and damage to public and private properties by indulging in arson or vandalism and other types of violent activities." Before this, on 15 September, shortly after the arrest of Congress MLA Mamman Khan in connection with the Nuh violence -- occurred on 31 July -- the Haryana government decided to suspend mobile internet and bulk SMS services in the district for two days.

AI) software. Opened for a funding round recently, Anuj Gupta's GreenVan uses a simple WhatsApp interface. It is designed as an 'Amazon of Services' offering that intends to transform the way people book essential tasks online. It was born out of Gupta's own experience of relocating from the US to the UK around five years ago and finding the experience of sourcing reliable trade people a rather cumbersome word-of-mouth process.

Indian consumers have begun to spend significantly on events, online home services and other entertainment avenues on the back of growing demand for convenience, seamless accessibility of these services, increase in purchasing power and propensity to spend. According to insights from leading checkout network 'Simple', there has been a 108 per cent growth in transacting users for varied kinds of services in the first eight months of this year.

₹25 for 5km and ₹50 for 10km, with plans for nationwide expansion. The company’s co-founder and CEO, Bhavish Aggarwal, shared on social media platform X, stating, “Restarting Ola Bike in Blr today. This time, all electric and our own S1 scooters." Bike taxi fares are established at ₹25 for a 5-kilometer ride and ₹50 for a 10-kilometer journey, as mentioned by Bhavish Aggarwal.

Indian Bank on Saturday announced roll out of 'IB SAATHI' initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route. The IB Sustainable Access and Aligning Technology for Holistic Inclusion (SAATHI) offers an enhanced user experience through the simplified delivery of services, encompassing both basic and value-added offerings to customers. The bank's Managing Director and CEO S L Jain launched the initiative at their corporate office, a press release said. Indian Bank, with the launch of the scheme, seeks to provide basic banking services at all centres for a minimum of four hours per day at fixed branches while the Banking Correspondents would extend their services directly at the doorsteps of the customers.

Enterprise software firm Ramco Systems is considering entering the defence sector in India in the maintenance, repair and overhaul (MRO) segment, newly appointed CEO Sundar Subramanian told ET in an exclusive interview.“We are interested in the Indian defence sector and are talking to government defence establishments,” he said.

Zexus Air Services, which was operating the now grounded carrier Zoom Air, on Friday said its flying permit has been renewed by aviation regulator DGCA. After launching operations in February 2017 with a CRJ aircraft, the Gurugram-based airline shut down operations in 2020, and subsequently its flying permit was suspended. The renewal of the air operator certificate will help the grounded domestic airline to take wings again. "Zooom Airlines (earlier Zoom Airlines) has received the official clearance to commence commercial passenger operations in India...the airline received its Air Operator Certificate (AOC) from the DGCA," Zexus Air Services Pvt Ltd said in a statement on Friday. The AOC was renewed on September 14 and it would remain valid till September 3, 2024, a source in the know said.

In the document, the Commission said it is 'seeking the views of respondents on how the SFDR works in practice'.

Taurus, a Swiss crypto infrastructure firm has announced a partnership with Deutsche Bank to set up cryptocurrency custody alongside tokenized services for its clients.

Digital Currency Group’s Genesis that went bankrupt in January this year, continues to get hit by the bear crypto market. The digital assets lender is winding down its cryptocurrency spot and derivative trading business completely.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services believes the real worry is that many small and micro caps of doubtful quality are also participating in the bull run, driven purely by emotion and momentum. In this segment, a crash is inevitable. In an interview with Mint, Vijayakumar explained why he thinks the market is ignoring risks. The market is buoyant with a year-to-date (YTD) return of about 11 per cent in the Nifty.

PTI. "It has been brought to my notice by Deputy Commissioner, Nuh, vide his request dated September 14 that there is an apprehension of causing tension, annoyance, agitation, damage of public & private property and disturbance of public peace & tranquillity in the district," Prasad said. Ferozepur Jhirka legislator Mamman Khan was identified as a suspect in an FIR filed subsequent to the communal clashes, and he was taken into custody by the Haryana Police late last night, PTI reported.

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Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.

A chorus of disapproval rang out from the halls of the United States Congress on Sept. 14 as the House of Representatives Financial Services Committee digital assets subcommittee held a hearing on the “digital dollar dilemma.” Five expert witnesses were scheduled to testify at the hearing, and all of them argued against creating a U.S. central bank digital currency (CBDC), otherwise known as a digital dollar.

manufacturing and agriculture, along with policy reforms, could be a significant driver of growth and job creation over the medium term, an HSBC Global Research report said on Thursday. «India needs to create a whopping 70 million new jobs in the next decade.