HSBC executes India's first overseas blockchain payment for Reliance Industries; CIC sends show-cause notice to RBI Governor for not disclosing list of wilful defaulters; Delhi pollution: Over Rs 83 lakh penalty imposed on violators on single day; Rupee may fall to 76-level against dollar in next 3 months, says Report. Watch more in this episode of Business Wrap.

HSBC executes India's first overseas blockchain payment for Reliance IndustriesBritish bank HSBC has executed India's first financial transaction using blockchain for a deal involving an export by Reliance Industries to an American client. The blockchain-enabled letter of credit transaction was for a shipment from the Mukesh Ambani-led company to US-based Tricon Energy, and helped reduce the time required to process the documents. The statement claimed that the solution is a significant impro...

The CIC added that RBI ought to act with transparency and not hide information that might embarrass individual banks.

The lower limit will be effective from October 31 and will impact many SBI customers since these cards constitute a sizeable chunk of the bank's card portfolio.

Reliance Capital executive director Anmol Ambani, the elder son of Anil Ambani, said at the company's annual general meeting (AGM) that the group plans to list Reliance General Insurance in this financial year. Here are key highlights

Cars and other durables to get costlier this festive season; Amazon hits $1 trillion market value milestone; reveal names of private individuals who travelled with Prime Minister Narendra Modi on foreign tours, CIC tells MEA; Vodafone, Idea let go of one-third of employees; Johnson & Johnson to pay interim compensation to recipients of faulty implants. Watch this episode of Business Wrap.

Cars and other durables to get costlier this festive seasonWith the rupee's continuous fall against the dollar automobile and consumer goods companies are facing a tough time. This festive season will see these goods become more expensive. LG, Haier, and Godrej Appliances have hiked prices by 3-5 per cent this month. Panasonic India is expected to increase product prices by 2-3 per cent soon as reported by the Business Standard. Maruti Suzuki, the country's largest carmaker, has i...

CIC issued the directive after RTI activist Karabi Das approached it saying he was not given complete information regarding Modi's foreign travels, including the names of all private individuals who accompanied him between 2015 and 2017.

Cash savings as a percentage of gross national disposable income (GNDI) surged to 2.8% in the last fiscal, according to preliminary data released by the apex bank.

Records pertaining to the Prime Minister's chartered flights for visits abroad cannot be disclosed under the RTI Act due to security concerns as per instructions from the PMO, the national carrier has said in response to an application filed by an activist under the transparency law.

The ministry official mentioned that the RTI applicant might, however, be able to find the same information from the banks.