Cross-border payments boost: India, EU begin phase to link UPI with TIPS; remittances to get cheaper

The Reserve Bank of India (RBI) on Friday said the process of interlinking the Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform has entered the realisation phase, marking a step towards enabling cross-border instant payments between India and Europe. RBI and NPCI International Payments Limited (NIPL) have been in discussions…

Read More

IND vs SA: Temba Bavuma to captain South Africa against India in ODIs; T20I skipper also revealed | Cricket News

Temba Bavuma of South Africa (Photo by Philip Brown/Getty Images) South Africa have appointed Temba Bavuma as captain for their upcoming three-match ODI series against India. However, leading fast bowler Kagiso Rabada will return home to recover from a rib injury sustained during training before the current Test series.Bavuma is currently leading the South African…

Read More

IPO rules revamp: Mutual funds barred from pre-IPO buys, anchor route open; Sebi pushes transparency, wider participation

Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement of…

Read More