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QR Code Introduced for Offline Aadhaar Verification
The Unique Identification Authority of India (UIDAI) has introduced an extra layer of privacy to Aadhaar with an updated QR Code facility. It can hold non-sensitive details like name, photo, address and date of birth. This can be used for offline

China's Bicycle Sharing Firm Ofo Gets Over 1.1 Million Orders in India
The Beijing based bicycle-sharing company, Ofo has received more than 1.1 million orders in India in the first quarter of 2018, the company said on Thursday. Ofo had entered the Indian market in November 2017. Its services are available in

Bank Account, Mobile Number Now Mandatory for NPS
The finance ministry said today that the Pension Fund Regulatory and Development Authority (PFRDA) has made bank account details and mobile number mandatory for subscribers of the national pension scheme (NPS). To comply with the Prevention of Money Laundering Act

What Is Currency Manipulation or Currency Intervention?
Recently, Indian currency has been added among a list of nations' whose foreign exchanges policies are on close radar of the US treasury. And India now holds a position as a nation on the watch-list for currency manipulation. So how critical

TCS Set To Touch $100 Billion Market Capitalization Mark
Tata Consultancy Services, an IT Services, Consulting and Business solutions organization, is on the brink to touch the $100 billion market capitalization mark. The stocks of TCS on Friday, rose to as much as 6.76% an increase of around

Toll Plaza Payments Will Soon be Automated to Prevent Long Queues
The National Highway Authority of India (NHAI) will soon introduce multiple options to pay toll charges for traveling on National Highway. The options will include paying through prepaid e-wallets, credit cards or directly through bank accounts. This will automate the

SBI Allows Cash Withdrawal Of Upto Rs. 2000 From Cash@POS
In the wake of cash crisis situation at ATM given a number of factors, the state-run lender said that a cash withdrawal facility to customers has been extended from Cash@POS. Through this SBI customers can withdraw funds upto Rs. 2000 from

World Bank Report Says Share Of Indian Adults With Bank Account Has Gone Up By 80%
Every individual in today's world necessarily has to maintain a bank account in order to conduct financial transactions. Gone are those days, wherein only the working class people or the businessmen used to maintain an account in a bank. With the

Petrol Hits 55-Month High, Diesel Costliest Ever
Petrol and diesel rates have hit new highs amid an increase in global crude oil prices. Petrol was up by 1 paisa today, while diesel got costlier by 4 paise. The retail price of petrol per litre in the capital

Banking Stocks Fall As Bond Yield Rise
Banking stocks fell in trade today, as bond yields surged after the RBI minutes of meeting of its earlier MPC meet this month indicated a more hawkish tone. Interestingly, the minutes showed that that Reserve Bank of India Deputy Governor Viral

Personal Loans Account For 96% Of Total Non-Food Credit: RBI
As per the data released by RBI, on a sectoral basis, of the total bank credit offtake, personal loans comprising home, education and vehicle loan account for the most 96% of the incremental non-food credit in the FY 2018 until February

Rupee Plunges To 1-Year Low; Breaches 66
The rupee plunged to a new 1-year low, as the RBI sounded hawkish in its latest minutes of Meeting released on Thursday. The rupee was last seen trading at Rs 66.02 to the dollar, its lowest level since March 2017.  Check

TCS Beats Street With Net Profit Of Rs. 6904 crore; Highest Dollar Revenue Reported
TCS today reported its Q4FY18 and full financial year results today. The company has posted best TCS Q4 results in 14 quarters. Some of the key announcements include: Net profit: Rs. 6904 crore profit figure which is better than

New ITR-1 Form Now Available For E-Filing
The ITR-1 form, which is used by the salaried class of taxpayers is now available for e-filing your income tax returns for FY 2017-18 (AY 2018-19) as per a notification on the IT Department's official website The notification further says

More In-depth Scrutiny Of Loan Applications In The Offing
The recent scams and investigation cases being carried out around ICICI and Axis bank has make the sector overly cautious. A leading business daily reported that decision on loan grant which were a usual practice and considered a routine work until

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