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Glaucus questions stock price of Hong Kong-listed Fullshare Holdings Ltd

Glaucus Research Group, a California-based short seller, said it was selling Hong Kong-listed developer Fullshare Holdings due to peculiar trading patterns seen in the stock's counter."Fullshare is supposedly a commercial and residential property developer, but this business is tiny compared to its market capitalization. In FY 2016, Fullshare generated a

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SpiceJet chooses HSBC as its UPI partner

SpiceJet has chosen HSBC Bank as its partner for receiving UPI payments on its website.UPI or Unified Payments Interface is an advanced, easy-to-use, cheap and real-time payment platform designed by the National Payments Corporation of India.Unlike more expensive payment options such as Visa and Mastercard, UPI is available to most

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Rs 1.7 lakh cr deposited via demonetization may not be withdrawn – SBI

The Indian banking system is likely to get a permanent liquidity boost of Rs 1.7 lakh cr due to the demonetization of high-denomination bank notes, State Bank of India chief economic adviser said in a note to bank clients.He said people were not making the large cash withdrawals that everyone expected

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Transport vehicle drivers, staff to get coverage under ‘third party’ insurance policy

The drivers and staff of all vehicles classified as 'transport' will be brought under the definition of 'third party' in third party insurance policies, the finance ministry said today.This will cover buses, vans and other commercial transport vehicles and will be implemented through the upcoming amendment to theMotor Vehicles Act.At present,

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SBI’s new minimum balance rule leaves OBC, UCO and PSB as only ‘free’ banks in India

With the country's largest bank, State Bank of India, refusing to rollback service charges for customers who do not maintain a minimum balance in their accounts, only Oriental Bank of Commerce, UCO Bank and Punjab & Sind Bank remain as 'free' providers of savings bank services, according to an analysis

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PNB, Corp Bank most aggressive in going after big debtors; SBI, BoB more relaxed

Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows.In the last four

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PayTM ropes in IIT Kanpur for ‘cashless campus’

PayTM, India's biggest mobile payment company and a minority subsidiary of Alibaba Group, said it partnered with Indian Institute of Technology Kanpur to bring its cashless payment solution to the country’s premier engineering college.Under the program, students will be able to make payments using the mobile app at hostel canteens,

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Venture Capital firms seek validation for Modi’s policies in UP election

Private equity and venture capital firms are largely bullish on India in the context of big economic reforms, but are awaiting the results of the ongoing Uttar Pradesh elections to assess the level of popular support that such policies enjoy, according to a survey by VCCircle.VCCircle, which tracks private investment

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PayTM adds support for UPI payments

Customers of PayTM, India's largest wallet service can now make payments using the Unified Payments Interface, the government of India's open payments platform.The company has signed up with ICICI Bank be able to receive payments from its customers who are on the UPI platform using its ID [email protected]'.However, customers cannot simply transfer

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After Freecharge, Axis Bank wins virtual POS provider Paynear for its UPI platform

Paynear, which helps shopkeepers and businesses to accept card payments without buying a point-of-sale (POS) machine, has tied up with Axis Bank to implement support for UPI or Unified Payment Interface.UPI allows users to send and receive money and make payments using IDs that resemble email addresses (for example, [email protected]).Paynear

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