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RBI raises limit of e-mandates for transactions up to Rs 15,000

The Reserve Bank on Thursday raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions. It implies, additional authentication will not be need for payment of Rs 15,000 per transaction.

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Stocks making the biggest moves premarket: Jabil, Commercial Metals, Tesla and more

Check out the companies making headlines before the bell:Jabil (JBL) – The contract electronics manufacturer saw its stock rise 1.2% in premarket trading after beating top and bottom-line estimates for its latest quarter. Jabil earned an adjusted $1.72 per share, 10 cents above estimates, and said it continued to

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PNB stops 0.75 per cent incentive on fuel purchases via digital modes

With the oil marketing companies discontinuing to pay the incentive of 0.75 per cent while buying fuel via any digital mode at petrol pumps, state-owned has stopped passing on the benefit to its customers. The city-headquartered Punjab National Bank () discontinued to pass on the benefit from last

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RBI lifts business restrictions on Mastercard

The Reserve Bank of India on Thursday lifted business restrictions imposed on Mastercard, almost a year after imposing it. The regulator said MasterCard had achieved “satisfactory compliance.” “In view of the satisfactory compliance demonstrated by Mastercard Asia / Pacific Pte. Ltd. with the Reserve Bank of India (RBI) circular dated

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Billionaire investor Orlando Bravo warns there’s ‘more pain to come’ for the tech sector

Private equity boss Orlando Bravo has a somber warning for the technology industry."I think there's more pain to come," Bravo, founder of buyout firm Thoma Bravo, told CNBC's "Squawk Box Europe" Thursday.For years, the tech sector has led the stock market, with the likes of Apple and Microsoft becoming

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Banks, financial institutions should proactively undertake stress testing of loan books: RBI Deputy Governor M Rajeshwar Rao

Despite the improvement in asset quality, financial institutions, including banks, need to proactively undertake stress testing of loan books to examine their loss absorption limits and take steps to improve them wherever required, RBI Deputy Governor M Rajeshwar Rao said on Thursday. The gross non-performing assets (GNPAs) and net

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Sequoia says it is optimistic about Southeast Asia’s start-ups despite challenging market

Venture capital firm Sequoia is still "quite optimistic" about long-term prospects for start-ups, despite the recent market volatility."This is a particularly challenging market for founders to get started," Abheek Anand, managing director of Sequoia Southeast Asia, told CNBC's "Squawk Box Asia" on Wednesday.When asked about the firm's outlook for

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