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Cashfree receives RBI nod to operate as PPI

Business Standard

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October 30, 2024

Fintech firm Cashfree Payments on Tuesday said it has received regulatory approval to operate as a prepaid payment instrument (PPI) provider, enabling the firm to issue prepaid payment instruments like cards or digital wallets.

- AJINKYA KAWALE

The Bengaluru-based firm has already received the Payment Aggregator (PA) and Payment Aggregator-Cross Border (PA-CB) licences from the Reserve Bank of India (RBI). Cashfree Payments has now joined the growi

MEER VERHALEN VAN Business Standard

Business Standard

FinMin in talks with Sebi, RBI on crypto exchanges

The Ministry of Finance (FinMin) is in discussions with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) ahead of the Union Budget 2026-27 to firm up a regulatory framework for crypto exchanges, official sources said.

time to read

2 mins

January 14, 2026

Business Standard

Meta to fire 10% of VR unit staffers to focus on AI division

Meta plans to cut around 10 per cent of the employees in its Reality Labs division who work on products including the metaverse, according to three people with knowledge of the discussions, as the company shifts priorities to build next-generation artificial intelligence.

time to read

1 min

January 14, 2026

Business Standard

Business Standard

Training citizens out of reality

What use is infinite information if no one can tell truth from performance?

time to read

3 mins

January 14, 2026

Business Standard

Business Standard

Work-life balance tops job wish list for India's Gen Z

Infosys co-founder N R Narayana Murthy may still be extolling the virtues of a 72-hour work week. But Gen Z — broadly defined as those born between 1997 and 2012 — appears to be marching to a very different drumbeat: In a latest survey, nearly half of the 23,000 respondents from this age group said that the single most important factor when evaluating a job offer is, quite simply, “work-life balance”.

time to read

2 mins

January 14, 2026

Business Standard

German Chancellor visits Bosch campus in Bengaluru

German Chancellor Friedrich Merz's visit to the Bosch campus here on Tuesday underscored the deep economic and technological ties between India and Germany in the areas of mobility, manufacturing and innovation, the company said.

time to read

1 min

January 14, 2026

Business Standard

On table: Licence regime for corporate biz correspondents

The Reserve Bank of India (RBI) is likely to consider introducing a licensing regime for corporate business correspondent (BC) channels, a move that would bring currently unregulated fintech companies operating in the segment under the regulator's direct oversight, according to three people familiar with the matter.

time to read

2 mins

January 14, 2026

Business Standard

Elie Saab forays into Indian branded residence market with M3M group

ELIE SAAB IS PREPARING TO OPEN ITS FIRST READY-TO-WEAR BOUTIQUE SHOP IN INDIA LATER THIS YEAR

time to read

1 mins

January 14, 2026

Business Standard

Govt bonds won't be in Bloomberg Index, for now

Operational, mkt infra issues key reasons; next update by mid-2026

time to read

2 mins

January 14, 2026

Business Standard

Building partnerships

German Chancellor's visit raises hopes of EU FTA

time to read

2 mins

January 14, 2026

Business Standard

World Bank raises FY27 India growth forecast to 6.5%

‘The World Bank on Tuesday upgraded its FY27 growth forecast for India to 6.5 per cent from 6.3 per cent projected in October last year on the back of firmer domestic demand and export performance, which has proved more resilient than earlier expected.

time to read

2 mins

January 14, 2026

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