RBI allows non-bank PSPs to participate in centralised payment systems

By Administrator_India Capital Sands The Reserve Bank of India (RBI) on Wednesday allowed authorised non-bank payment system providers (PSPs) to participate in centralised payment systems (CPS), such as real-time gross settlement (RTGS) and national electronic fund transfer (NEFT), as direct members. PSPs include prepaid payment instrument (PPI) issuers, card networks,Continue Reading

Asian Stocks Down as Chinese Crackdown Impact Continues

By Administrator_India Capital Sands Asia Pacific stocks were mostly down on Wednesday morning, following the downward trend set by their U.S. counterparts. A crackdown in China from earlier in the week continues to have a ripple effect, while the latest U.S. megacap technology earnings were mixed. Japan’s Nikkei 225 fell 1.16% byContinue Reading

Adani Group stocks fall for second day on Sebi probe over compliance

By Administrator_India Capital Sands Firms controlled by Gautam Adani fell for a second day Tuesday, after the minister of state for finance told Parliament that some of them are being probed by the markets regulator over compliance with securities rules. Besides Sebi, Directorate of Revenue Intelligence is also “investigating certain entities” belonging to the AdaniContinue Reading

Air India's engineers launch nationwide protest against 45% salary cut

By Administrator_India Capital Sands The employees of Aircraft Maintenance Engineers/Service Engineers of AI Engineering Services Limited (AIESL), a wholly-owned subsidiary of Air India limited, have launched a nationwide protest over the salary cut of engineers, news wire ANI reported. According to the report, the recent salary cut is exclusively for theContinue Reading