ICICI Bank introduces 'Cardless EMI' facility; only mobile number, PAN required
ICICI Bank has launched a fully digital EMI plan, to be made available at leading retail stores, in partnership with Pine Labs. Formally called 'ICICI Bank Cardless EMI,' the bank stated on Thursday that this facility replaces debit or credit cards and digital wallets with mobile phones and PAN, making it easier for their pre-approved customers to purchase appliances of their choice.
GDP contraction to narrow down to 9.5 per cent in September quarter: ICRA
Rating agency ICRA in its latest report has stated that the contraction in India's Gross Domestic Product (GDP) may be narrowed down to 9.5 per cent in the second quarter of the current financial year. ICRA's principal economist Aditi Nayar has said that a significant recovery in the manufacturing and construction sector is expected to be the main reason behind the improvement in the performance of the industrial GVA in Q2 of current fiscal.
COVID-19 vaccine will be ready in next 3-4 months, says Harsh Vardhan
The Union Health and Family Welfare Minister Harsh Vardhan said today that he's confident the vaccine for coronavirus will be ready in the next three or four months. The minister was addressing the FICCI FLO webinar on ''The Shifting Healthcare Paradigm During and Post-Covid'' today. The health minister pointed out that the administering of the COVID-19 vaccines would be done on the basis of scientific data. He also made it clear that priority would naturally be given to health care workers and corona warriors followed by the elderly and sick.
SEBI demands Rs 62,600 crore from Sahara in Supreme Court petition
India's market regulator has filed a petition with the Supreme Court asking it to direct embattled Sahara conglomerate chief Subrata Roy and two of his companies to deposit Rs 62,600 crore ($8.4 billion) that it said was due to its investors. The Securities and Exchange Board of India (SEBI) told the Supreme Court that Sahara had failed to comply with 2012 and 2015 court orders to deposit the entire amount it collected from investors along with 15% annual interest, according to a copy of the petition filed on Wednesday and seen by Reuters.
Delhiites without masks to pay Rs 2,000, instead of Rs 500: CM Kejriwal
As COVID-19 cases rise in Delhi, Chief Minister Arvind Kejriwal announced on Thursday that the fine for not wearing a mask in public has been increased from Rs 500 to Rs 2,000. He accredited this development to the carelessness of the people. He also requested people to celebrate Chhath Pooja on November 20 at their homes, instead of crowding ponds, lakes, and rivers for the same. Kejriwal also made an announcement regarding the functioning of private hospitals in Delhi. While all non-emergency surgeries are to be postponed, the hospitals are to reserve 80 per cent of ICU and 60 per cent of non-ICU beds for COVID-19 patients.
Kia Motors India recalls Seltos diesel units over faulty fuel pump
Kia Motors India has reportedly recalled some diesel units of Seltos over faulty fuel pump issues. The Korean company has acknowledged that this information has not yet been shared in the public domain by them. The document dated October 5 2020 shows that recalled units were manufactured between October 1, 2019 and March 13, 2020, reported Rushlane. In the damaged fuel pumps, either a hole can be found on the lower end of the filters or there can be a crack in the plastic at the cylindrical head of the filter. This makes the car vibrate more than usual, and causes problems during ignition, and can also reduce the vehicle's pickup.
Copyright©2021 Living Media India Limited. For reprint rights: Syndications Today