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Cholamandalam Finance joins consortium for retail payments


Cholamandalam Investment and Finance Company announced that it is one of the companies participating in a consortium of Vishwakarma Payments, that has applied for a new umbrella entity license for retail payments with RBI.
RBI has set up a framework to authorise pan‐India Umbrella Entities that will focus on retail payment systems and fuel a less‐cash and more‐digital micro‐payments economy. The interoperable infrastructure will cater to banks and non‐banks and enable innovative use‐cases to solve the diversity, depth and width of consumers and small businesses in India. The consortium expects to focus on building an agile platform for seamless digital payments. ....

Murugappa Group , Cholamandalam Investment , Finance Company , Vishwakarma Payments , India Umbrella Entities , Companies Act , Capital Market , முருகப்பா குழு , சோலமண்டலம் முதலீடு , நிதி நிறுவனம் , விஸ்வகர்மா கொடுப்பனவுகள் , இந்தியா குடை நிறுவனங்கள் , நிறுவனங்கள் நாடகம் , மூலதனம் சந்தை ,

Markets likely to witness lacklustre trade; eyes RBI's monetary policy


Markets likely to witness lacklustre trade; eyes RBI’s monetary policy
April 07, 2021
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Stocks to watch out for today: Barbeque-Nation, RIL, Cholamandalam Investment, Axis Bank, M&M and Concord Drugs
Markets are likely to witness another lacklustre trading on Wednesday, even as the Reserve Bank will unveil its monetary policy in the afternoon. However, global stocks continue to unsupportive of bulls, with the US and some Asian markets being listless.
SGX Nifty at 14,760 (8 am IST) indicates a flat opening, as Nifty futures on Tuesday closed at 14,750. While Dow Jones, Nasdaq and S&P 500 closed marginally lower overnight, Asian markets such as Japan s Nikkei, China s Shanghai, Australia s ASX and Korea s Kospi were little changed in the morning. ....

Andhra Pradesh , India General , Bharti Airtel , Nagaraj Shetti , Hayatnagar Mandal , Dow Jones , Vinod Nair , Concord Drugs , Axis Bank , Head Of Research , Macrotech Developers , Max Financial Services , Technical Research Analyst , Reliance Jio Infocomm Ltd , Renewable Energy , Axis Capital , Lodha Developers , Syrup Division , Development Authority Of India , Company Limited Chola , Max Life Insurance Company , Head Of Research At Geojit Financial Services , Murugappa Group , Mahindra Susten Private , Nation Hospitality Ltd , Mahindra Solarize Private ,