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Tim Hortons enters Ludhiana

Tim Hortons is currently focusing on expansion in North India, covering Delhi and Punjab with further plans to enter markets like Mumbai, Pune, Surat, Ahmedabad and Bengaluru. New Delhi: Tim Hortons, the Canadian multinational coffeehouse and restaurant chain, based in Toronto,...

RBI holds meeting with banks, may extend moratorium by 90 more days

On Friday, the government announced that India will now be under lockdown till May 17 with a complete ban on theatres, malls, hotels and bars. Banks have informed the Reserve Bank of India (RBI) that as most of the...

RBI moratorium on term loan EMIs to benefit retailers, MSMEs, corporates

In a big relief to the corporate sector the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalments in respect of all term loans outstanding on March 1, 2020. Furthermore, the apex bank also...

Strong sales growth for India’s textile manufacturing sector in Q2

The manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period, the RBI said on Wednesday.Demand condition in the manufacturing sector "maintained its pace in the September...

Paytm to launch payments bank; gets approval from RBI

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

New authentication rule no threat to payment companies, will only accelerate digital payment adoption

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

RBI urges retailers to deposit money, relaxes withdrawal norms

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal...

Paytm to go live with payments bank post Diwali

E-commerce and digital payments company, Paytm is targeting to go live with its payments bank post Diwali. The firm, which earlier hinted at an August and then - when the date passed - a November launch, is in the final leg...

Consumer durables industry hails RBI's rate cut decision

Consumer electronics and appliances manufactures have unanimously hailed the RBI's move to slash key policy rate by 0.25 per cent. The manufacturers said that it will add to the "festive fervour" with lower interest driving demand and boosting the...

India's annual wholesale inflation at two-year high in August

India's annual rate of inflation based on wholesale prices touched a two-year high in August at 3.74 per cent from 3.55 per cent in the month before, said official data released on Wednesday. After rising for the first time in...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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