The Madras High Court last month restrained Mythri Movie Makers from using Ilaiyaraaja’s songs in the movie. Earlier in April, the music composer had sent a legal notice to the producers for using three of his songs in the film without consent, demanding ₹5 crore compensation and asking them to remove the songs. While the…
As the Reserve Bank of India (RBI) mulls allowing banks to finance domestic mergers and acquisitions (M&As), Axis Bank’s MD and CEO Amitabh Chaudhry made it clear that his bank intends not just to participate, but to race ahead of foreign banks, who have traditionally been the dominant players in the segment. “We want to…
Mumbai: The Reserve Bank of India is in no rush to open up the pilots for the central bank digital currency (CBDC) to the masses and is, instead, focussing on adding more use cases to the e-rupee with a focus on cross-border transactions, T. Rabi Sankar, deputy governor of the central bank, said on Tuesday….
Mumbai: The government is rolling out fingerprint and facial approval of Unified Payments Interface (UPI) transactions to simplify digital payments and strengthen verification. Users will now also have the option to authenticate transactions with fingerprints or facial recognition on their devices, eliminating the need to manually enter the personal identification number (PIN), announced financial services…
Executives of Kakinada Seaports Ltd, Gazprom, and representatives of the Russian Federation embassy in New Delhi are expected to meet this week to discuss the modalities of the proposed $600 million investment, four people said. “Gazprom is looking to invest in port and LNG assets in India. Currently, it is in talks to set up…
MUMBAI: Adani Enterprises Ltd tapped the corporate debt market on Tuesday, raising ₹1,000 crore, merchant bankers told Mint. Of the total issue size, ₹300 crore was reserved for anchor investors, while the remaining ₹700 crore was was made available for bidding. ICICI Prudential Asset Management Co. Ltd was the sole investor in the non-anchor portion…
Bengaluru: Fintech lending growth has cooled following the Reserve Bank of India’s (RBI) clampdown on unsecured lending. But risk metrics have not eased much, with delinquency and deep-stage stress remaining elevated, according to credit bureau CRIF High Mark’s latest report. Active loans grew 25.6% year-on-year to a ₹2.1 trillion portfolio by June, slower than the…
Popular movies from the DC Comics franchise and HBO shows such as Game of Thrones, currently split between different networks, could possibly come to Netflix, helping it strengthen its hold over premium, urban viewers. Moreover, this could result in opportunities for distribution while creating spin-offs and sequels. However, eventual success would still depend on pricing…
NEW DELHI: The Centre plans to tender around 3,000 electric buses to Mumbai and Pune under the ₹10,900-crore PM E-Drive scheme, after the Maharashtra government completed the payment security criteria required to access subsidies for clean public transport, according to two officials aware of the development. Under the scheme, the government provides a subsidy of…
The Pharmaceuticals Export Promotion Council of India (Pharmexcil), a trade promotion agency set up by the commerce ministry, has sought information from Indian pharma exporters on payment defaults by foreign buyers. India, the world’s generic drugs capital, exports nearly $28 billion worth of medicines a year making up 20% of the global volume. Around 4,000…