TRANSACTION CONFIRMATION
Zomato confirms discussions to acquire Paytm’s movies, ticketing business
Zomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16. The company added that "no binding decision" has been taken about the deal at this point. The deal could value the Paytm vertical at around Rs 1,600-1,750 crore.
Pune Porsche accident case: Forensic report confirms blood sample swap, Police to court
A forensic report in the Pune Porsche crash case revealed that the blood samples used belonged to the teen driver's mother, Police told a court. The incident, involving a Porsche and a two-wheeler, resulted in death of two IT professionals.
UPI transactions update: HDFC Bank customers will not get SMS alerts for UPI transactions below this amount
HDFC Bank has informed its customers via an email and SMS that it has set a limit on SMS alerts on UPI debit and credit transactions. The new update will be effective from June 25, 2024.
A new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile banking
Fraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure wherein the bank will call you for transaction confirmation if it feels that these transactions are fraudulent. However if you give the confirmation, the transaction will go through. Know here how it works.
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?
NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.
A market rumour will now no longer remain just a rumour under latest SEBI order
In my article on October 03, 2023, titled “Formation of Industry Standards Forum by SEBI - a pragmatic era in regulation implementation”, I had mentioned that SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation.
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Sebi's new guidelines on market rumour to help in fair pricing of M&A, other transactions: Experts
Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday.
Up to Rs 1 lakh penalty or jail time; 8 Aadhaar-related criminal offenses, penalties
Aadhaar fraud: Aadhaar number is verified/authenticated by agencies through various modes as prescribed under the Aadhaar Act, 2016. Following are the criminal offences and penalties provided in the Aadhaar Act, 2016 (as amended).
Google I/O 2024 update: Android 15 Beta 2 release date confirmed; check expected features
This year's Google I/O 2024 focused on groundbreaking AI developments alongside the upcoming Android 15 Beta 2 release. Google showcased Gemini AI advancements and teased Android 15's features like enhanced display, NFC transactions, screen sharing, satellite network support, camera controls, and more. Despite the AI focus, Android enthusiasts eagerly await Beta 2, highlighting Google's ongoing plans for Android.
CBDT brings new update in income tax AIS; now you can check the status of correction request; Here's how it works
Annual Information Statement (AIS): The Central Board of Direct Taxes (CBDT) has updated the functionality of AIS which can be found on the compliance portal. Now after you put in a correction request, you will be able to see whether the reporting source took any action at all. CBDT says this makes the system more transparent.
Paytm UPI Lite Wallet: No PIN required, add up to Rs 4,000 daily in wallet, per transaction limit, how to use
Paytm UPI Lite Wallet approach helps users manage their small daily expenses efficiently, without the hassle of multiple entries in their bank passbooks, with no PIN requirement, ensuring an organized and simplified financial tracking.
ICICI Bank introduces UPI for NRIs through international mobile numbers
ICICI Bank has launched UPI for NRIs in ten countries, enabling global mobile number use without switching to Indian numbers. iMobile Pay facilitates utility, merchant transactions, and QR code payments, enhancing convenience and promoting UPI adoption across borders.
Money mule transactions: Banks may block your account for these fund transfers; here's how to secure your account
Bank account block: There are at least 5 Indian banks who are tracking money mule transactions conducted through their account holders. In this regard HDFC Bank has already taken an action and launched investigation too in the suspected cases. Know here how banks may block access to your account and funds if a money mule transaction is found.
PMLA Adjudicating Authority confirms attachment of Rs 751 crore property of Congress-promoted National Herald newspaper
The Prevention of Money Laundering Act (PMLA) Adjudicating Authority has upheld the attachment of over Rs 751 crore linked to Congress's Associated Journal Limited (AJL) and Young Indian, affecting party leaders Sonia Gandhi and Rahul Gandhi. The case involves alleged financial improprieties and misuse of assets, posing a significant challenge ahead of the Lok Sabha elections.
Vikram Aggarwal in talks to buy Chennai's Clarion Hotel for Rs 180 crore
Vikram Aggarwal to acquire Clarion Hotel in Chennai for ₹180 crore in June. VVA Hotels Pvt Ltd manages Fortune Select Palms, Radisson Blu. Hotel industry saw ₹3,290 crore transactions in 2023, driven by wedding, MICE demand.
Now transfer your shares to anyone through off market transfer just like money transfer in net banking
Demat account share transfer: The process for transferring shares from demat account using off-market transfer process has been revised. This process is applicable from Jan 1, 2024. Read here to know more about how the off-market transfer from demat account works and how it can help you transfer shares without waiting for market hours.
BAT confirms evaluating selling of small part of stake in ITC
British American Tobacco (BAT) is considering selling a small part of its shareholding in ITC. BAT owns 29% stake but believes 25% is enough for strategic influence. BAT faces challenges with declining cigarette volumes and high debt.
Flipkart CEO confirms top-deck exits; Paytm stock on upswing
Flipkart group CEO Kalyan Krishnamurthy on Tuesday informed staff about senior-level exits in the ecommerce major, confirming ET’s scoop. More on this in today’s ETtech Top 5.
ED seeks overseas transaction details from Paytm Payments Bank
Earlier this month, Reuters had reported the Enforcement Directorate had started a probe into One 97 Communications, also known as Paytm, on suspicion of violation of foreign exchange rules. The firm had denied allegations of forex violations.
UPI payments failing amid server outages; multiple banks affected
Reports of UPI outage have poured in from various places as users struggle with digital payments. Major platforms like Google Pay, PhonePe, and BHIM have been reportedly affected, along with server issues in banks.
UPI Tap and Pay to go live soon: Who can use, how to make payments using UPI tap and pay
Customers will have Tap & Pay activated by default. It is not necessary to load funds in order to use the Tap & Pay payment method.
Who is Amit Patel? Former Jacksonville Jaguars executive who allegedly swindled $22M for lavish lifestyle
In a court case filed in Jacksonville, Florida, former Jacksonville Jaguars executive Amit Patel allegedly embezzled $22 million from an unnamed American football team, misusing the team's funds for personal expenses like luxury items, cryptocurrency, and property investments. Patel, who manipulated the team's Virtual Credit Card system, faces charges of wire fraud and illegal monetary transactions. The team confirmed being the victim but clarified Patel had no access to sensitive football-related information.
IRCTC refund rules: How can you get refund for confirmed railway tickets after chart preparation?
According to Indian Railway Catering and Tourism Corporation (IRCTC): E-ticket cannot be cancelled after chart preparation. Users are requested to use the online TDR filing for such cases and track status of the refund case through tracking service provided by IRCTC. TDR can be filed as per Railway rules." Know here how to file a TDR.
ICICI Bank allows UPI payments via RuPay credit cards; the 3 cards that can be used, how to link
Mumbai based private sector bank, ICICI Bank have enabled their range of RuPay credit cards (Coral, HPCL Super Saver, etc) to work on UPI. Customers of ICICI Bank RuPay credit cards can also enjoy reward points while transacting with their cards on UPI. Further the iMobile app by ICICI Bank can also be used for such payments.
Kazakhstan confirms nationalisation of ArcelorMittal biz
Kazakhstan President Kassym-Jomart Tokayev ordered the government to stop investment cooperation with ArcelorMittal Temirtau after the accident at the Kostenko mine near the city of Karaganda, Interfax reported. The government said on Saturday that it has reached a preliminary agreement with the shareholders of ArcelorMittal Temirtau and is preparing the transaction to transfer ownership of the enterprise in favor of the Republic of Kazakhstan.
TikTok, YouTube, Meta mulling Indonesia ecommerce licences
Indonesia's trade ministry banned ecommerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected.
Where to check if TCS was deducted on foreign travel and other transactions?
All foreign payments except for medical and education purposes will attract a 20% tax collected at source (TCS). However TCS is not an additional income tax. Further the TCS amount so deducted can be used by an individual to adjust his/her net tax liability. Read below to know where the TCS amount so deducted can be seen.
International online transaction is unsuccessful but money has been deducted: When, how will you get a refund?
There are multiple reasons as to why an international online transaction on an e-commerce or other websites could fail if an Indian debit or credit card was used for executing such a transaction. However if the money was deducted for such a transaction although the website showed it as failed, do not worry, it will be refunded back automatically by the bank.
JPMorgan's UK bank Chase to ban crypto transactions
Chase has become the latest lender in the UK to restrict customers' access to crypto amid long-running concerns over its use in online scams run by criminals
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