Sebi asks funds to give info on holdings in all unlisted bonds

Regulator has sought details like AUM of schemes holding unlisted NCDs.

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Digital Payment volumes on most NPCI channels report record decline in April

Popular and fast growing digital payment channels such as UPI, IMPS, BBPS and NETC all reported record plunge in monthly volumes in a month where the entire country remained in lockdown owing to coronavirus. AePS bucks the trend and doubles volume on the back of increased DBT transfers and balance enquiries by beneficiaries of COVID relief schemes.

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Maharashtra caps treatment charges at private hospitals

The order, passed under the Disaster Management Act, comes amid complaints about several trust-run and private hospitals in the state and the city of Mumbai denying treatment to Covid-19 and other patients, and excess billing against some others that have still been admitting patients.

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As India marched to stock up, stores saw bumper sales

Even e-grocers such as Grofers and BigBasket joined the league with record sales in March and April despite disruptions due to lack of labour amid a surge in orders.

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Uttar Pradesh: Pay power bills till May 15 sans penalty

The energy department has also announced 1 per cent rebate on electricity bill and waiver of late payment charge on the electricity bill.

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LPG sees price drop of more than Rs 160 per cylinder

The prices of LPG are revised on the first of every month.

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Stocks jump more than 3%, April’s gain best since May 2009

The benchmark indices have rebounded almost 30 per cent from their lows on March 24.

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RBI extends regulatory benefits under SLF-MF to all banks

The banks claiming the regulatory benefits would be required to submit a weekly statement, the central bank said in its release.

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‘Borrowers must benefit’; SC tells RBI to implement moratorium in letter & spirit

“We direct the RBI to ensure implementation of the circular dated March 27, 2020 in its letter and spirit,” the Supreme Court bench said. It also said that there should be some guidelines so that the benefit is extended to the borrowers by the banks.

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All payments via cards can now be contact-free

The Reserve Bank of India has given the green signal to the country’s payment networks — Visa, Mastercard and NPCI — to allow tap-and-go functionality on card payments for all purchases at retail stores and shopping centres.

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Government may raise up to Rs 10,000 crore via tax-free bonds

The finance ministry has begun negotiations with bankers on a likely tax-free bond issue. The money may be raised in multiple instalments. The government plans to raise temporary funds from the central bank through ways and means advances (WMA), a short-term borrowing window. The structure of the issue and number of instalments are yet to be decided.

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Restaurants to share ‘loyalty’ as they fight for survival

India’s largest restaurants have started a first-of-its-kind combined loyalty programme, bringing rivals together to offer advance discount coupons to customers in a bid to revive business stalled by the nationwide lockdown.

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Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

In the broader market, the BSE Midcap and Smallcap indices rose up to 1.46 per cent.

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