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Medial • 1y
Top News Of the Day: 1. HSBC does not see any value in BYJU's stake due to ongoing legal cases and funding challenges, which once was worth $500 Mn 2. HSBC has revised its valuation estimate for several Indian startups, including B2B ecommerce platform Elastic Run, lowering it to $800 million from $1.5 billion. 3. The Reserve Bank of India (RBI) has maintained its retail inflation projection of 4.5% for the current fiscal year, provided there is a normal monsoon 4. The Reserve Bank of India (RBI) has proposed a new facility that would allow customers to automatically refill their UPI Lite wallets. 5. Hero MotoCorp invests Rs 124 Cr in Ather Energy, now controls nearly 42% stake 6. Ixigo's parent company, Le Travenues Tech, has closed a secondary stake sale at Rs 176 crore ahead of its pre-IPO anchor investor allocation. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.
Daily Learnings... • 1y
Brief History of RBI The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934. Initially, the RBI took over the functions of the Controller of
See MoreI'm just a normal gu... • 3m
BharatPe announced today that its subsidiary, Resilient Payments Private Limited, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). With this approval, the company stated that it is now
See More🎥-🎵-🏏-⚽ "Finding ... • 5m
RBI Increases Gold Purchases The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to m
See MoreI'm just a normal gu... • 3m
The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef
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