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Over 1.18 crore payment devices deployed across country till April: RBI data

More than 4.11 lakh PoS, mobile PoS and other physical devices were deployed across the country under the Payments Infrastructure Development Fund (PIDF) scheme as on April 30, 2022, the RBI said on Thursday. Besides, 1,14,05,116 digital devices, including inter-operable QR code-based payments such as UPI QR, Bharat QR, were

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Goldman Sachs CEO David Solomon’s advice to summer interns: ‘Be an entrepreneur’

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCInternships have started at Goldman Sachs' offices in the U.S. this week, according to the global investment bank.Roughly 3,700 people won a coveted spot in the company's internship program out

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Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more

A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018.Hannah McKay | ReutersCheck out the companies making headlines in midday trading.Tesla — Shares rose about 2.2% after UBS upgraded the electric vehicle stock to buy from neutral. The firm said Tesla's pullback this year

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Deposit rates yield lower than G-secs. What should depositors do?

Borrowers are already feeling the pinch of the central bank’s 90-basis-point increase in policy rates in just over a month, but depositors have had not much reason to cheer either - at least, not yet. For ordinary savers, therefore, the banking regulator's dedicated bond-purchase platform presents an alternative investment

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This SPAC is merging with an already-public company as sponsors get creative before time runs out

Traders on the floor of the NYSE, June 8, 2022.Source: NYSESPACs are known to be a roundabout investment vehicle to take private companies public. Not this one.Bull Horn Holdings is merging with biotech Coeptis Therapeutics, a public company traded over the counter. The SPAC sponsors told CNBC they went for a

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Why remaining private is a competitive advantage for PE firm Bain Capital with $160 billion

(Click here to subscribe to the Delivering Alpha newsletter.)Bain Capital, with $160 billion in assets, is one of the largest private, private equity firms. Despite many of its peers going public, like TPG earlier this year, Bain has no immediate plans to join them. John Connaughton is Bain Capital's global head of

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RBI cancels certificate of registration of 3 NBFCs

The Reserve Bank of India on Thursday said it has cancelled certificate of registration (CoR) of three NBFCs, including two housing finance companies. In another statement, it said two Non-Banking Financial Companies (NBFCs) have surrendered their certificate of registration. CoR of Noida-based Malik Motor Finance Limited has been cancelled. Housing finance companies

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Watch Christine Lagarde speak after the ECB ends its bond-buying program

[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.]European Central Bank President Christine Lagarde is giving a press conference after the bank's latest monetary policy decision.The European Central Bank on Thursday confirmed its intention

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Gold gains Rs 130; silver rises by Rs 273

Gold prices in the national capital on Thursday gained by Rs 133 to Rs 50,907 per 10 grams, supported by rupee depreciation, according to Securities. In the previous trade, the yellow metal settled at Rs 50,774 per 10 grams. Silver also jumped by Rs 273 to Rs 61,535 per

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