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NEW UMBRELLA ENTITY
Inox Clean Energy powers into top three with Rs 25k-cr buys, says company official"We have made nine acquisitions in the past nine months. These investments are worth Rs 25,000 crore," said Devansh Jain, executive directo...- Why Tata Sons is facing pressure to go public | An explainerTata Sons is under pressure to list on the stock market. This comes from its shareholders and potential Reserve Bank of India rules. A boar...
- Aswath Damodaran says Musk's SpaceX will frustrate investors after most valuable IPO in history, here's whyValuation expert Aswath Damodaran believes SpaceX could achieve the most valuable IPO ever, potentially reaching trillion-dollar status. He...
- Inside the investment strategy of the government’s new Fund of FundsThe government has launched Fund of Funds 2.0 with a Rs 10,000 crore corpus. This new scheme aims to boost startup investments by supportin...
- RBI shelves plan for NUE"The objective was to introduce an innovative infrastructural value-added facility into the system, our digital ecosystem is already quite ...
- New Umbrella Entity: Nothing innovative presented by applicants, says RBI"Of the proposals that we have received, we did not quite see any innovative or infrastructural solution that had come up," Deputy Governor...
- SBI union, others urge RBI to drop digital payments planInvolvement of big multi-national companies raises fears of abuse of user data and India's digital payment networks should continue to oper...
- SBI staff union, global associations ask RBI to rethink NUE policyAs many as six consortiums, including one led by multinational company Amazon, have applied for a New Umbrella Entity (NUE) licence from th...
- NUE licences may come only by November, say sourcesSix consortiums, including those led by Reliance Industries, Tata Group, Axis-ICICI Bank, Paytm, India Post and fintech startup iserveU, ha...
- ICICI Bank, Axis Bank to co-lead NUE with Amazon, Visa as partnersConcerns over concentration risk and a need to fast-track cashless payments had led the RBI to invite applications for a NUE to rival the N...
- Paytm NUE will stand apart from rivals’, Vijay Shekhar Sharma saysPaytm’s new umbrella entity (NUE) will differentiate itself from rivals because of its diverse set of consortium partnerships, CEO Vijay Sh...
- SBI makes a fresh case for NUE playThe state-owned lender has also argued that transformation in the payments space can happen independent of the National Payments Corporatio...
- Flipkart, Mastercard, Nabard and PayU to hold 30% in Tata NUEIf it gets the RBI nod for a NUE licence, Tata’s new umbrella entity Ferbine may build a pan-India payment network similar to UPI for a set...
- ‘Conflict of Interest’ may hit Mastercard and Visa’s NUE licence plansAs of now there's no clarity on whether Visa and Mastercard's presence in a New Umbrella Entity (NUE) for digital payments will be seen as ...
- Govt flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCIThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the Nat...
- Stock market update: SBI shares shed 4%Shares of State Bank of India traded 3.85 per cent down in trade at 02:33PM on Friday.
- Government flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCIThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the Nat...
- Infibeam to apply for RBI’s New Umbrella Entity licenseThe central bank is looking to set up a new payment system in the retail space that would operate in the retail space. The government is ke...
- Prospective NUE applicants want clarity from RBIAt least two leading consortiums vying to set up pan-India retail payment networks have written to the central bank to confirm the status o...
- SBI plans foray into digital payments, set to rival National Payments Corporation of IndiaThe framework for the NUE was released by the Reserve Bank of India last week, with the central bank also opening the window for applicatio...
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